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Northisle Copper and Gold Inc.
Summary
| Project: | North Island | |
|---|---|---|
| Deposit: | North Island | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Molybdenum | |
| Date: | 9/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 13-9-2017: Northisle Copper and Gold Inc. announces a PEA report for its North Island deposit at the North Island project. PEA results incl. post-tax NPV (8%) of $550M, IRR of 14.3%, LOM of 22yrs. The North Island Copper and Gold Project (also referred to | |
| Resources: | ||
| CP/QP: | [Resources]: Phil Burt (Burt Consulting Services) | |
| ABSTRACT: | The North Island Copper and Gold Project (also referred to as the “North Island Project,” “NorthIsle Project” or the “Project”) is located on northern Vancouver Island, British Columbia, Canada approximately 20 km south of Port Hardy. The Project area is located approximately at latitude 50° 40’ North and longitude 127° 45’ West, and stretches 50 km northwest of the past producing Island Copper Mine along the northern shore of Holberg Inlet. A total of 226 holes (44,632 m) have been completed at the North Island Project including 143 holes (32,877 m) at the Hushamu Deposit and 38 holes (6,382 m) at the Red Dog Deposit that were utilized in their respective resource calculations. The Hushamu and Red Dog Deposits will be mined by conventional truck and shovel methods. Indicated and Inferred Mineral Resources have been used to develop mine designs and a production schedule to provide 75,000 t/d to the concentrator over a 22-year mine life. The overall mining rate will peak at 64 million t/a. The Hushamu open pit will be mined in four development phases initially providing 50,000 t/d while Red Dog will provide 25,000 t/d. Pit rim crushers will be located at both deposits with overland conveyors to the processing facilities. The mine will operate four production drills, three hydraulic shovels and two wheel loaders. The truck fleet will peak at 18-220 t class units. Waste rock from Hushamu will be placed in the tailings dam construction and within the Mine Waste Storage Facility (MWSF) to be covered with tailings and overburden capping. | |
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