EX-99.1 2 ex99-1.htm NEWS RELEASE DATED JANUARY 23, 2008 EX99-1

FOR IMMEDIATE RELEASE

NEWS RELEASE

Nord Resources Corporation

1 W. Wetmore Road, Suite 203

Tucson, Arizona 85705

Tel: (520) 292-0266 Fax: (520) 292-0268

Nord Resources Corporation Announces
Phase 1 Drill Results for Johnson Camp and Exploration Update

January 23, 2008

SOURCE: Nord Resources Corporation

TUCSON, Arizona, January 23, 2008 - Nord Resources Corporation ("Nord" or "the Company") (TSX: NRD / OTC: NRDS.PK) is pleased to announce the results for the first phase of vertical reverse circulation drill holes completed at the Johnson Camp Mine. The twenty-five holes reported here are located adjacent to and to the south of the Burro Pit and in the Copper Chief deposit area on the Johnson Camp property. The drill results, when combined with a previous drill hole, S-13, indicate the continuation of copper mineralization from the current south edge of the Burro Pit approximately 1,000 feet further to the south. The drill results also indicate that the copper mineralization in this area is hosted in the same rock units as at the Burro Pit. The drilling at Copper Chief increases the drill hole density within the current planned pit in the north area of the deposit and also expands copper mineralization to the northwest and southeast of the planned pit boundaries. For additional information refer to the attached drill hole location maps and the Johnson Camp Mine Project, Feasibility Study, Cochise County, Arizona, Technical Report dated September 28,2007, prepared by Bikerman Engineering & Technology Associates, Inc. (the "Technical Report") filed on SEDAR at www.sedar.com.

Nord previously announced reserves at its Johnson Camp Mine of 73.4 million tons of ore, consisting of 55.0 million tons proven and 18.4 million tons probable, at an average total copper grade of 0.335% total copper based on a copper price of $1.50 per pound, a stripping ratio of 0.66 to 1 and an internal cut-off grade of 0.06% total copper as estimated in the Technical Report.


 

Executive Vice-President and COO, E. "Andy" Anderson commented, "We are very pleased with the results of this drilling as they indicate the extension of copper mineralization for approximately 1,000 feet to the south of the Burro Pit. In addition, the new drilling both in and around the Copper Chief deposit has increased the previously known area of copper mineralization. The drill results will be incorporated into the Burro and Copper Chief block models in the very near future. We intend to commence a second phase of exploration drilling at Johnson Camp later this year."

Drill Hole

From (ft)

To (ft)

Interval (ft)

Cu% Total

Area

           

NR-1

0

95

95

.35

Burro South

including

0

45

45

.43

 
           

NR-2

0

255

255

.21

Burro South

including

0

40

40

.32

 
           

NR-3

75

90

15

.29

Burro South

 

95

120

25

.13

 
 

160

225

65

.16

 
 

280

315

35

.17

 
 

390

420

30

.14

 
 

435

445

10

.32

 
 

685

780

95

.24

 

including

740

780

40

.36

 
 

820

870

50

.24

 
           

NR-4

40

60

20

.15

Burro South

 

120

150

30

.20

 
 

160

180

20

.16

 
 

210

250

40

.14

 
 

300

320

20

.22

 
 

340

355

15

.13

 
 

435

455

20

.15

 
           

NR-5

50

65

15

.15

Burro South

 

330

355

25

.19

 
           

NR-6

60

70

10

.13

Burro South

 

265

300

35

.27

 
 

685

700

15

.15

 
 

925

935

10

.19

 
           

NR-7

65

115

50

.21

Burro South

 

160

225

65

.29

 

including

175

210

35

.38

 
 

235

310

75

.21

 
 

780

820

40

.31

 
 

895

950

55

.28

 

including

895

925

30

.34

 


 

Drill Hole

From (ft)

To (ft)

Interval (ft)

Cu% Total

Area

           

NR-8

200

260

60

.23

Copper Chief

 

310

325

15

.13

 
           

NR-9

20

25

5

.21

Copper Chief

 

55

100

45

.13

 
 

225

275

50

.15

 
           

NR-10

25

40

15

.13

Copper Chief

 

65

75

10

.13

 
 

90

240

150

.17

 
           

NR-11

90

110

20

.15

Copper Chief

 

220

335

115

.23

 
           

NR-12

45

65

20

.20

Copper Chief

 

80

100

20

.13

 
 

105

225

120

.18

 
 

270

320

50

.18

 
           

NR-13

0

60

60

.22

Copper Chief

 

85

265

180

.20

 
           

NR-14

0

220

220

.15

Copper Chief

           

NR-15

15

85

70

.27

Copper Chief

including

45

70

25

.37

 
 

95

115

20

.16

 
 

130

210

80

.21

 
           

NR-16

110

160

50

.32

Burro South

including

110

140

30

.47

 
 

340

355

15

.20

 
           

NR-17

15

55

40

.14

Burro South

 

120

145

25

.21

 
 

220

235

15

.15

 
           

NR-18

10

110

100

.20

Burro South


 

Drill Hole

From (ft)

To (ft)

Interval (ft)

Cu% Total

Area

 

140

180

40

.13

 
           

NR-19

15

75

60

.18

Burro South

 

195

220

25

.29

 
 

235

260

25

.14

 
 

325

350

25

.18

 
           

NR-20

0

10

10

.13

Copper Chief

 

205

250

45

.19

 
           

NR-21

135

475

340

.29

Copper Chief

including

135

170

35

.74

 

and

200

225

25

.41

 

and

270

340

70

.42

 
           

NR-22

5

185

180

.16

Copper Chief

including

5

35

30

.37

 
 

425

465

40

.25

 
           

NR-23

215

450

235

.26

Copper Chief

including

260

335

75

.36

 
 

390

435

45

.32

 
           

NR-24

0

10

10

.22

Copper Chief

 

305

430

125

.40

 
           

NR-25

10

70

60

.17

Copper Chief

 

85

115

30

.13

 
 

120

150

30

.13

 
           

Total Footage:

11,432

       
           

All of the sample preparation and assays in this news release have been performed by Skyline Labs, Tucson, Arizona, a laboratory independent to Nord utilizing industry standard analytical methods. A sample quality assurance/quality check program is routinely followed which calls for the regular insertion of independent standards, blanks and duplicate samples. The results of this program have been satisfactory. The drilling and assaying program were performed under the direction of consulting geologist Thornwell Rogers.


Mimbres Property

The Company has elected not to proceed further with its option to acquire the Mimbres exploration property in New Mexico. The Mimbres property is not material to the Company's overall operations. The Company plans to focus its primary exploration efforts at Johnson Camp.

Qualified Person

The information in this news release has been reviewed by John Cook, P.E., a Director of the Company and a Qualified Person under National Instrument 43-101.

About Nord Resources

Nord Resources Corporation is in the business of exploring for, developing and operating mineral properties. The Company's primary asset is the Johnson Camp Mine located approximately 65 miles east of Tucson, Arizona. The reactivation of the Johnson Camp Mine commenced in June 2007. Residual leaching operations commenced in November 2007. Cathode production from residual leaching is scheduled to commence in January 2008 and planned copper production from new ore placed on the heaps is scheduled to commence in the third quarter of 2008.

For information contact:

Nord Resources Corporation

John Perry

(520) 292-0266

www.nordresources.com

Neither the TSX nor any regulatory authority accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statement Disclaimer

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address copper processing and mining activities of Nord are forward-looking statements. Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to: the market price of copper; general economic, market and business conditions; the Company's plans at its Johnson Camp property; the interpretation of drill results and the estimation of mineral reserves; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development, mining results or metal recoveries will not be consistent with the Company's expectations; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties with or interruptions in production and operations; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; regulatory restrictions, including environmental regulatory restrictions and liabilities; and the loss of key employees. In addition, Nord's business and operations are subject to the risks set forth in Nord's most recent Form 10-KSB, Form 10-QSB and other SEC filings which are available through EDGAR at www.sec.gov, and in Nord's prospectus and other filings with the British Columbia and Ontario Securities Commissions which are available through SEDAR at www.sedar.com. These are among the primary risks we foresee at the present time. Nord assumes no obligation to update the forward-looking statements.