NovaCopper Confirms Mineralization At Bornite

 

VANCOUVER, BC - NovaCopper Inc. reported results from its re-sampling and re-assaying program at the Bornite Project, which is part of the Upper Kobuk Mineral Projects (UKMP) located in the Ambler mining district of Northwest Alaska. The latest analytical results come from the re-sampling and re-assaying of historical drill holes which were previously drilled and only selectively sampled by Kennecott within the Ruby Creek zone of the Bornite deposit. During the 2013 field season Company geologists re-logged the geology and re-sampled 33 historical drill holes and submitted the samples for a complete 42 element Induced Coupled Plasma analysis. Of the 33 historic drill holes sampled, 26 holes had intervals of copper greater than 0.5% copper, and 29 holes contained mineralization greater than 0.2% copper. The objectives of the re-assay/re-logging program were twofold: 1) to confirm and conduct a Quality Assurance/Quality Control (QA/QC) program on the historical sample results; and 2) to identify additional lower-grade (0.2-0.5% copper) shallow material, which was not previously sampled. The re-sampling and re-assaying program has confirmed previously known high-grade mineralization. It is also expected to add additional lower-grade mineralization to the Company's mineral inventory. The results from these 33 historical drill holes combined with the 15 holes drilled during the 2013 program at the Ruby Creek and South Reef zones will be incorporated into an updated NI 43-101-compliant resource estimate, which is expected to be completed in 2014. Two additional metallurgical holes have also been completed and will eventually be incorporated into the resource model once metallurgical testing has been completed.

"The re-logging and re-sampling program was highly successful in confirming the historic results from the work carried out by Kennecott. This effort represented a low-cost means of demonstrating continuity of the lower-grade mineralized material which was previously un-sampled. It also served as an excellent quality control tool in relation to the historic data and we expect should form a basis for potentially expanding the resource at Bornite," said Rick Van Nieuwenhuyse, NovaCopper's President and Chief Executive Officer.  "Management expects that this re-logging and re-sampling program should contribute toward expansion of the overall mineral inventory at Bornite planned for release in 2014."