NOW READ OUR ARTICLES IN 40 DIFFERENT LANGUAGES.
HOME PAGE SUBSCRIPTIONS, Print Editions, News Bulletin PRODUCTS READ MINING NEWS ARCHIVE ADVERTISING EVENT READ THE PETROLEUM NEWS, EXTENSIVE ARCHIVES!

Search our ARCHIVE
Vol. 20, No. 43 Week of October 25, 2015
Providing coverage of Alaska and Northwest Canada's mineral industry

Mining News: News Nuggets: Arctic drilling recaps high-grade deposit

NovaCopper Inc. Oct. 21 reported that drillers cut zones of high-grade mineralization in all 14 holes drilled during its 2015 summer field program at the Arctic volcanogenic massive sulfide deposit in Northwest Alaska. The Arctic project is part of the Upper Kobuk Mineral Projects located in the Ambler mining district. Highlights from the 2015 program include: AR15-0145, which intersected four mineralized intervals 22 meters of 3.86 percent copper, 0.86 grams per metric ton gold, 71 g/t silver, 1.15 percent lead and 5.36 percent zinc; five meters of 3.82 percent copper, 0.68 g/t gold, 74.7 g/t silver, 1.6 percent lead and 7.21 percent zinc; and 6.5 meters of 6.67 percent copper, 0.52 g/t gold, 31.4 g/t silver, 0.2 percent lead and 3.38 percent zinc; AR15-0136, which cut two mineralized intervals 32 meters of 3.08 percent copper, 1.56 g/t gold, 45.9 g/t silver, 0.18 percent lead and 2.72 percent zinc; and nine meters of 7.36 percent copper, 2.34 g/t gold, 219.3 g/t silver, 0.77 percent lead, and 5 percent zinc; and AR15-0144, which cut three mineralized intervals, including 11 meters of 7.1 percent copper, 0.7 g/t gold, 80.4 g/t silver, 1.09 percent lead and 9.04 percent zinc; and nine meters of 4.22 percent copper, 0.75 g/t gold, 76.7 g/t silver, 0.82 percent lead and 3.46 percent zinc. These results are consistent with 135 previously drilled holes that support 23.8 million metric tons of indicated resources grading 3.26 percent copper, 0.71 g/t gold, 53.2 g/t silver, 0.76 percent lead and 4.45 percent zinc; and 3.4 million tons of inferred resources grading 3.22 percent copper, 0.59 g/t gold, 41.5 g/t silver, 0.58 percent lead and 3.84 percent zinc. The 2015 in-fill drill program was designed to evaluate vertical and lateral continuity of the high-grade polymetallic mineralization, and support upgrading of inferred resources to measured and indicated resource classification within the area of the proposed Arctic open-pit. Two of the 14 holes AR15-0139 and AR15-0145 were specifically targeting geotechnical information for preliminary pit slope design work in the area of the high wall of the proposed open pit. The results from the 3,056 meters of drilling completed this year, along with ongoing engineering studies, will be used in support of a pre-feasibility study on the Arctic deposit.

- Shane Lasley



Did you find this article interesting?
Tweet it
TwitThis
Digg it
Digg
Print this story | Email it to an associate.

Click here to subscribe to Mining News North of 60 for as low as $89 per year


Mining News North - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.miningnewsnorth.com ---
S U B S C R I B E

Copyright Petroleum Newspapers of Alaska, LLC (North of 60 Mining News)(Petroleum News Bakken)(Petroleum News)(PNA)2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.