A Promising Future
NovaCopper's principal assets, the Upper Kobuk Mineral Projects (UKMP)
, are located in the highly prospective Ambler Mining District
in Alaska which is home to some of the world's richest known copper-dominant polymetallic deposits.
Mineralization in the UKMP area is characterized by two discrete mineralized belts: the Devonian Ambler Schist Belt and the Devonian Bornite carbonate sequence. The Ambler Schist Belt is host to a series of polymetallic volcanogenic massive sulphide (VMS) deposits including the Arctic deposit and several other known VMS deposits. At Bornite, copper mineralization is hosted in Devonian clastic and carbonate sedimentary rocks lying immediately south of the Ambler Schist Belt across the Ambler lowlands. The trend of the mineralized district extends for approximately 60 miles along strike.
hosts a mineral resource with an approximate 6% copper-equivalent grade
, and is one the largest and highest-grade known VMS deposit of its kind in the world. Meanwhile, step-out drilling on Bornite
delivered some of the best intercepts in the copper space, including DDH RC11-187 which encountered 178 meters averaging 3.89% copper. These and other excellent results rival those of any copper project in any part of the world.
With exceptional copper and zinc grades, good precious metals credits and a large district-scale play, NovaCopper offers an exciting exploration opportunity.
 CuEq basis calculated using the following metal price assumptions (in USD): $2.90/lb. Cu, $1,300/oz Au, $22.70/oz Ag, $0.90/lb. Pb, and $0.85/lb. Zn. Calculation excludes any adjustments for metal recoveries. Net of by-product credits.