RC12-205 intersects two mineralized intervals totaling 22.9 meters at a grade of 2.60% Cu RC12-206 intersects two mineralized intervals totaling 12.2 meters at a grade of 4.80% Cu RC12-207 intersects one mineralized interval totaling 11.7 meters at a grade of 5.02% Cu RC12-209intersects four mineralized intervals totaling 71.2 meters at a grade of 3.66% Cu October 17, 2012 - Vancouver, British Columbia - NovaCopper Inc.(TSX, NYSE-MKT: NCQ) ("NovaCopper” or "the Company”) is pleased to announce additional significant results from exploration diamond drilling at the South Reef Zone of the Bornite Property, one of its Upper Kobuk Mineral Projects ("UKMP”) located in the Ambler mining district of Northwest Alaska. This is the third set of drill results, comprised of five drill holes, and is in addition to the six drill holes which were released by the Company on September 12, 2012 and the four drill holes which were released by the Company on September 25, 2012. During the recently completed drilling program, the Company drilled 22 holes at the South Reef Zone of the Bornite Property comprising 15,457 meters. Additional drill results are anticipated to be released regularly over the next couple of months, as they become available HIGHLIGHTS 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 metes withinacompositetotal 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.
- RC12-207 intersected one mineralized interval starting at 540.0 meters, totaling 11.7 meters at a grade of 5.02% copper.
- RC12-206 intersected two mineralized intervals starting at 516.6 meters, totaling 12.2 meters, within a composite total of 144.6 meters, at a grade of 4.80% copper, which is comprised of:
- 8.0 meters at a grade of 4.44% copper; and
- 4.2 meters at a grade of 5.50% copper.
- RC12-205 intersected two mineralized intervals starting at 621.2 meters, totaling 22.9 meters, within a composite total of 26.0 meters, at a grade of 2.60% copper, which is comprised of:
- 14.3 meters at a grade of 2.67% copper; and
- 8.6 meters at a grade of 2.48% copper.
At a cutoff grade of 0.5% copper the results are as follows: RC12-209 intersected one mineralized interval starting at 667.5 meters, totaling 122.6 meters at a grade of 2.44% copper. RC12-207 intersected one mineralized interval starting at 540.0 meters, totaling 11.7 meters at a grade of 5.02% copper. RC12-206 intersected two mineralized intervals starting at 516.6 meters, totaling 13.1 meters, within a composite total of 144.6 meters, at a grade of 4.52% copper, which is comprised of: RC12-205 intersected one mineralized interval starting at 618.1 meters, totaling 46.8 meters at a grade of 1.58% copper. RC12-208 was terminated at a depth of approximately 200 meters below surface due to unfavorable ground conditions. |
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