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NovaCopper (TSX:NCQ) reported significant results from its first six holes at the South Reef Zone of its Bornite Property.
NovaCopper (TSX:NCQ) reported significant results from its first six holes at the South Reef Zone of its Bornite Property.
Highlights from the drill program included:
- RC12-202 intersected three mineralized intervals with a composite total of 50.1 meters, within a total interval of 57.4 meters, averaging 3.0% copper, including a higher grade interval of 7.8 meters grading 12.0% copper;
- RC12-201 intersected four mineralized intervals with a composite total of 112.5 meters, within a total interval of 142.0 meters, averaging 2.4% copper, including a higher grade interval of 12.6 meters grading 9.5% copper;
- RC12-198 intersected four mineralized intervals with a composite total of 84.7 meters, within a total interval of 103.4 meters, averaging 2.0% copper, including a higher grade interval of 8.5 meters grading 6.4% copper;
- RC12-195 intersected three mineralized intervals with a composite total of 74.5 meters, within a total interval of 100.1 meters, averaging 1.2% copper, including a higher grade interval of 22.1 meters grading 3.1% copper;
- RC12-197 intersected two mineralized intervals with a composite total of 83.7 meters, within a total interval of 90.7 meters, averaging 2.1% copper, including a higher grade zone of 46.6 meters grading 2.7% copper; and
- RC12-196 intersected three mineralized intervals with a composite total of 86.8 meters, within a total interval of 97.2 meters, averaging 1.5% copper, including a higher grade interval of 64.8 meters grading 1.7% copper.
Rick Van Nieuwenhuyse, NovaCopper’s President and CEO stated:
 We are delighted with the initial drill results from the South Reef Zone. All of the holes have demonstrated the continuity of the high-grade copper mineralization that comes within an already robust and broad +1% copper envelope. Management believes that South Reef has the potential to become another world-class copper deposit, and that it complements very well our multi-billion-pound 7%-copper-equivalent endowment at the Arctic deposit1. These deposits are unfolding in a way that makes the Ambler district one of the most exciting copper plays in the world.
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