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NovaCopper Inc. (TSX:NCQ, NYSE:NCQ, AMEX:NCQ) announced drill results from exploration diamond drilling at the South Reef Zone of the Bornite Property in Northwest Alaska.
NovaCopper Inc. (TSX:NCQ, NYSE:NCQ, AMEX:NCQ) announced drill results from exploration diamond drilling at the South Reef Zone of the Bornite Property in Northwest Alaska.
As quoted in the press release:
Four holes intersected significant high-grade copper mineralization. At a cutoff grade of 1.0% copper the results are as follows: RC12-209 intersected four mineralized intervals starting at 667.5 meters, totaling 71.2 meters, within a composite total of 97.2 meters, at a grade of 3.66% copper, which is comprised of: 14.9 meters at a grade of 1.68% copper, 28.8 meters at a grade of 3.79% copper, 15.2 meters at a grade of 5.94% copper and 12.3 meters at a grade of 2.93% copper.
NovaCopper’s President and CEO, Rick Van Nieuwenhuyse, said:
The 71 meters of 3.66% in drill hole RC12-209 along the northeast edge of the deposit is a particularly exciting result given that it supports our hypotheses that the northeast portion of the South Reef Zone hosts the longest intervals of high-grade copper mineralization. As we move our drilling to the north and northeast, we will continue to target this high-grade copper mineralization along strike.
To view the whole press release, click here.