NovaCopper’s Bornite Project Estimated to Contain 6.8 million Tonnes Grading 1.19% Copper in Indicated Category

NovaCopper Inc. (TSX:NCQ,NYSE:NCQ)  announced that they have filed a National Instrument 43-101 technical report for the combined South Reef and Ruby Creek zones of the Bornite Project in Alaska.

As quoted in the press release:

Highlights

• At the base case 1.0% copper cutoff grade, the South Reef zone is estimated to contain an Inferred Resource of 43.1 million tonnes at 2.54% copper or 2.4 billion lbs of contained copper.
• At an elevated 2.0% copper cutoff grade, the South Reef zone is estimated to contain an Inferred Resource of 25.0 million tonnes at 3.44% copper or 1.9 billion lbs of contained copper.
• The Bornite Project (combined South Reef and Ruby Creek zones) is now estimated to contain 179 million lbs of copper (6.8 million tonnes grading 1.19% copper) in the Indicated category and 3.3 billion lbs of copper (90.8 million tonnes grading 1.64% copper) in the Inferred category.

To view the whole press release, click here.