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NovaCopper Provides Project and Corporate Update
NovaCopper Provides Project and Corporate Update NovaCopper Provides Project and C...
About this update from Trilogy Metals Inc.
[{"type":"text","content":"\n\n\n\nNovaCopper Provides Project and Corporate Update\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nNovaCopper Provides Project and Corporate Update\nCanada NewsWire\nVANCOUVER, June 22, 2016\n\n\n\nVANCOUVER, June 22, 2016 /CNW/ - NovaCopper Inc. (TSX, NYSE-MKT: NCQ) (\"NovaCopper\" or the \"Company\") is pleased to provide an update on its project and corporate activities.\n\nProject Update\n\nPreparations are underway at the Bornite Camp to accommodate the 2016 field program on the Company's 100%-owned Upper Kobuk Mineral Projects located in Northwest Alaska.  The majority of this year's project budget of US$5.5 million is planned to be spent on a drilling program at the Arctic Project that will include approximately 3,000 meters of drilling for geotechnical, hydrological, waste rock characterization and metallurgical studies as well as further resource definition.  In addition to the drilling program, a series of environmental studies are planned for this year including an aquatic survey, avian and large mammal habitat survey and a continuation of baseline environmental information collection. The LiDAR survey that was incomplete last year due to weather conditions will be completed while the wetlands delineation and surface water quality work will be expanded.  This site investigation work will form the basis for completing a future pre-feasibility study on the Arctic deposit.  The exploration camp will host approximately 40 to 50 staff and contractors with the majority of the workforce hired locally and most of the work occurring from mid-June through mid-August.\n\n\"We are extremely pleased with the progress made to advance the Upper Kobuk Mineral Projects over the past year considering market conditions.  Last year we completed the first phase of a multi-year site investigation program at the Arctic Project to support pre-feasibility. In addition, we reported a 173% increase in Indicated Resources at the Bornite Project,\" said Mr. Rick Van Nieuwenhuyse, NovaCopper's President and Chief Executive Officer.\n\nMr. Van Nieuwenhuyse con...