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November 28, 2012
07:07 EDTNCQNovaCopper reports significant high-grade copper in South Reef Zone
All three holes intersected significant high-grade copper mineralization. At a cutoff grade of 1% copper the results are as follows,RC12-214 intersected three mineralized intervals, 13.5 meters at a grade of 2.27% copper; 35.2 meters at a grade of 2.50% copper; and 25.1 meters at a grade of 3.18% copper. RC12-215 intersected one mineralized interval starting at 634.5 meters and ending at 652.1 meters, totaling 17.6 meters at a grade of 2.05% copper. This hole was lost in mineralization before the completion of the hole. RC12-215W, or wedge hole, intersected one mineralized interval starting at 628.7 meters and ending at 644.5 meters, totaling 15.9 meters at a grade of 2.54% copper. This hole was wedged off RC12-215 in an attempt to complete the hole but was also lost in mineralization before completion. RC12-216 intersected three mineralized intervals, starting at 599.6 meters and ending at 726.7 meters, for a combined 77.2 meter composite interval with a weighted average grade of 4.27% copper and comprised of: 10.1 meters at a grade of 2.80% copper; 11.4 meters at a grade of 4.71% copper; and 55.7 meters at a grade of 4.45% copper. Using a cutoff grade of 0.5% copper the results are as follows: -- RC12-214 intersected two mineralized intervals, starting at 466.3 meters and ending at 660.4 meters (194.0 meter interval), for a combined 128.0 meter composite interval with a weighted average grade of 2.00% copper and comprised of: -- 99.3 meters at a grade of 2.25% copper; and -- 28.8 meters at a grade of 1.14% copper. -- RC12-215 intersected one mineralized interval, starting at 628.7 meters and ending at 652.1 meters, totaling 23.5 meters at a grade of 1.75% copper. -- RC12-215W (wedge hole) intersected one mineralized interval, starting at 628.7 meters and ending at 661.7 meters, totaling 33.1 meters at a grade of 1.56% copper. -- RC12-216 intersected three mineralized intervals, starting at 576.6 meters and ending at 727.4 meters (150.8 meter interval), for a combined 106.8 meter composite interval with a weighted average grade of 3.33% copper and comprised of: -- 37.3 meters at a grade of 1.42% copper; -- 13.1 meters at a grade of 4.19% copper; and -- 56.4 meters at a grade of 4.40% copper.
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July 9, 2014
07:05 EDTNCQNovaCopper reports Q2 EPS (4c), one estimate 8c
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