NovaCopper reports all four diamond core drills operated as of May 1

theflyonthewall.com

NovaCopper opened its 2013 UKMP Projects exploration field season on May 1st and operated all four diamond core drills throughout the month. The 2013 exploration program is focused on the Ruby Creek and South Reef zones of the Bornite Project and is aimed at expanding resources identified in the 2013 Bornite technical report released in February. As of June 30, 6,441 metres of drilling has been completed representing approximately 86% of the planned 7,500 metre drill program. Drill results are anticipated to be released in the fall. The company is continuing to work on a new preliminary economic assessment study for an open pit scenario at the Arctic Deposit which we expect to be completed during the summer of 2013. The company is also continuing to focus efforts on community relations and workforce development strategies, working closely with NANA on these efforts. On April 30, NovaCopper announced it has signed a Memorandum of Understanding with the Alaska Industrial Development Export Authority to investigate the viability of permitting and constructing an industrial access road to the Ambler mining district and the UKMP Projects.

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