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Northisle Copper and Gold Inc.
Summary
| Project: | North Island | |
|---|---|---|
| Deposit: | North Island | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Molybdenum | |
| Date: | 9/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 6-9-2017: Northisle Copper and Gold Inc. announces an Exploration/Drilling Update report for its North Island deposit at the North Island project. Drilling results incl. 138m @ 0.23g/t Au, 0.16% Cu, 0.007% Mo from 48m. VANCOUVER, British Columbia, Sept. 0 | |
| Resources: | (refer to full report) | |
| CP/QP: | [Overall Report]: John McClintock (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Sept. 06, 2017 -- Northisle Copper and Gold Inc. (“Northisle” or the “Company”) is pleased to report the results from this summer’s drill program on its wholly owned North Island Copper-Gold project on Vancouver Island, British Columbia. Hole H17-05, positioned approximately 300 metres southeast of the final pit limit on the Hushamu deposit as used in Northisle’s soon to be released Preliminary Economic Assessment (PEA), was collared south of the projected southeast extension and angled towards it. Due to bad ground conditions, the hole was lost at 225 metres well short of its planned depth of 400 metres. The hole entered high-level porphyry copper mineralization at 60 metres with copper and molybdenum grades noticeably strengthened with depth down the hole. The section of the hole below 100 metres assayed above cut-off grade as defined in the currently underway PEA with the best mineralization occurring in the final 24 metres of the hole. The mineralization in H17-05 indicates the deposit is open both to the north and to the southeast. Additional drilling will be required to determine the extent and grade of the mineralization associated with H17-05. Drill Holes H17-02, H17-03 and H17-04 tested an under drilled, previously believed to be very low grade or barren part area of the south central Hushamu deposit. Based on widely spaced vertical historical drill holes, this area had been interpreted to be an area of late or post mineralization breccia and associated non sulphide bearing silicification. Holes H17-02 and H17-03, show conclusively that much of the previously assumed barren area is mineralization above the cut-off grade. Hole 17-04, collared in sulphide mineralized rock traversed post mineralization breccia and silicification before ending in sulphide bearing porphyry-type mineralization. Additional drilling is required to determine how much of the currently assumed barren 300 metre area could be added to the Hushamu resource. | |
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