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 6 billion pounds of copper was released in 2016 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 May 16, 2016. A copy of the Arctic Technical Report is available above as well as at www.sedar.com or www.sec.gov.
Maps & Cross Sections