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Northisle Copper and Gold Inc.
Summary
| Project: | North Island | |
|---|---|---|
| Deposit: | Red Dog | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Molybdenum | |
| Date: | 9/20/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 20-9-2016: Northisle Copper and Gold Inc. announces an Exploration/Drilling Update report for its Red Dog deposit at the North Island project. Drilling results incl. 146m @ 0.33% Cu, 0.52g/t Au from 8m. Vancouver, B.C. – Northisle Copper and Gold Inc. (“N | |
| Resources: | (Historic Red Dog Resource): 20Mt @ 0.30% Cu, 0.5g/t Au, 0.012% Mo | |
| CP/QP: | [Overall Report]: John McClintock (Internal) | |
| ABSTRACT: | Vancouver, B.C. – Northisle Copper and Gold Inc. (“Northisle” or the “Company”) is pleased to report results for the second drill hole (RD 16-02) from the recently completed four-hole diamond drill program on the Red Dog deposit. When taken in conjunction with the initial hole of the program, RD-16-01, the results increase the potential for the Red Dog resource to be included in the Preliminary Economic Assessment (PEA) that is currently underway for the Hushamu deposit. Jack McClintock, P. Eng, President of Northisle commented: “We eagerly await the results for the remaining two holes from this season’s verification drill program. Being able to include Red Dog as a qualified resource in the Hushamu PEA has the potential to significantly benefit the overall scope and economics of the project.” Drill-hole RD 16-02, drilled at -71 degrees to the south was collared four metres from and parallel to historical drill hole EC 132A/132 that was drilled by Utah Mines Ltd. in 1982. The historical hole assayed 0.31% copper and 0.51gpt over a similar interval length of 146 metres, statistically identical to results in RD-16-02. There were no geological differences noted between the two holes. Red Dog is located eight kilometres northwest of the Hushamu Deposit within Northisle’s 100% owned North Island Project on Vancouver Island, British Columbia. Results for the remaining two verification holes will be released as they become available. | |
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