DRAGOON, Ariz., Feb. 9, 2005 (PRIMEZONE) -- Nord Resources Corporation (Pink Sheets:NRDS) announced today that it has recently completed a ground geophysical survey (Induced Polarization -- IP) at its Coyote Springs copper property. The purpose of the survey was to locate initial drill targets. The work was performed by Zonge Engineering & Research of Tucson, Arizona, under the direction of Anthony M. Hauck III -- Consulting Geophysical Engineer (over 30 years of mineral exploration geophysics experience) and Clive R.G. Bailey, Chief Geologist, Nord Resources Corporation. Two IP lines were run, each of approximately 15,000 feet in length.
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Mr. Hauck and consultant Ken Zonge of Zonge Engineering are in agreement that, "an anomaly that is attributed to sulfide mineralization has been detected at depth within the geologic target area." The large anomaly was detected along both of the two IP lines near the Foothills Fault. Nord is reviewing the results of the IP survey and is considering additional geophysics prior to the commencement of a drilling program.
The Coyote Springs property borders Phelps Dodge Corporation's Dos Pobres copper development project near Safford, Arizona. Four major copper resources have been defined in the district in the vicinity of the Foothills Fault. These are the Sanchez, Lone Star, San Juan, and Dos Pobres copper resources. Virtually all of these deposits were initially located through the use of geophysics guided by regional geologic surveys.
Additional Claims Staked at Coyote Springs
The Company has added to its land position at Coyote Springs by staking 26 Lode Claims with a total area of 537 acres. The claims are located due west and adjacent to the Company's current land holdings. The Company now controls over 4 square miles in the highly prospective Safford Mining District.
About Nord Resources Corporation:
Nord Resources is an Arizona-based natural resource company focused on near-term copper production from its Johnson Camp Mine and the exploration for copper, gold and silver at its properties in Arizona and New Mexico. The Company also owns approximately 5.1 million shares of Allied Gold Limited, an Australian company. In addition, the Company maintains a net profits interest in Sierra Rutile Limited, a Sierra Leone, West African company that controls the world's highest-grade natural rutile deposit.
Any statements made in this press release which are not historical facts contain certain "forward-looking statements," as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.
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