NovaCopper Inc. (TSX:NCQ) today provided an update on its ongoing summer program activities. The company has been conducting work at its Bornite property, located in Alaska’s Ambler District.
As quoted in the press release:
On July 15, 2014, Company employees arrived at the Bornite camp and commenced the cataloging and shipment of historical Bornite drill core previously drilled but only selectively sampled by Kennecott, the former owner of the property (Please refer to the NovaCopper press release dated July 7, 2014 for more details on the Company’s Summer 2014 core re-logging program). The drill core was transported to the Company’s warehouse in Fairbanks, Alaska where core logging facilities are located. The Company shipped 4,030 boxes representing 12,918 meters of drill core effectively commencing the re-logging and resampling of this core.
NovaCopper CEO, Rick Van Nieuwenhuyse, said:
NovaCopper continues to enjoy strong support from its principal shareholders who are clearly endorsing the steps the Company is taking towards enhancing the shareholder value. The re-logging and re-assaying programs at Bornite coupled with a continued focus on working closely with AIDEA on initiating the permitting process for the access road are key elements of that strategy. I also want to extend a very heartfelt and sincere thank you to all of the employees who are leaving the Company. It has been an honor to have worked with such a fine group of people. On behalf of the entire Company, I would like to thank all of departing employees for their professional services over the years and wish them well in their future endeavors.
In 2014 Copper Fox Metals Inc. (TSXV:CUU) added approximately 1.8 billion pounds of copper as well as 140,000 ounces of gold contained within the Inferred resource category to its metal holdings.
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