The Bornite deposit located near Kobuk,
Alaska, is approximately 25 kilometers southwest of the Company’s Arctic
deposit. The project has the potential to further enhance the long-term
economics of the Ambler mining district. A National Instrument 43-101 Technical
Report outlining Indicated Resources of 900 million pounds of copper and
Inferred Resources of 5.5 billion pounds of copper and 77 million pounds of cobalt
was released in 2018 and includes results of the 2014 assaying of previously
un-sampled or partially sampled historical Kennecott drill core, as well as
updates to the geological model completed in 2015. Current activities are
focused on exploration for high-grade, carbonate hosted copper mineralization
north and northeast of drill holes RC13-224, RC13-231 and RC13-220. In
addition, copper mineralization is observed in outcrop over 16 kilometers of
the Cosmos Hills, specifically mineralization has been encountered in drill core
at the Aurora and Pardner Hill prospects.
* Bornite Property NI 43-101 Technical Report entitled “National Instrument 43-101 Technical Report on the Bornite Project, Northwest Alaska, USA” effective June 5, 2018. A copy of the Arctic Technical Report is available above as well as at www.sedar.com or www.sec.gov.
Maps & Cross Sections