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Northisle Copper and Gold Inc.
Summary
| Project: | North Island | |
|---|---|---|
| Deposit: | Red Dog | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Molybdenum | |
| Date: | 9/27/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 27-9-2016: Northisle Copper and Gold Inc. announces an Exploration/Drilling Update report for its Red Dog deposit at the North Island project. Drilling results incl. 99.6m @ 0.28% Cu, 0.48g/t Au from 1.2m. Vancouver, B.C. – Northisle Copper and Gold Inc. | |
| 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 announce that the third verification hole (RD-16-03) on the Company’s Red Dog deposit extended the depth of the mineralized zone 30 metres beyond the south-eastern boundary of the historical resource defined by the adjacent historical drill hole. Jack McClintock, P. Eng, President of Northisle commented: “Results received to date from the verification drill program clearly support our view that Red Dog will qualify for inclusion in the overall Hushamu project. We are also excited by the possibility that Red Dog may be larger than thought given that the mineralized zone intersected in the third hole extends beyond the depth level of the 1991 drill hole.” The North Island Copper-Gold Project is situated approximately 15-40 kilometres southwest of Port Hardy and contains the Hushamu Deposit and five other partially explored copper-gold porphyry occurrences. The Company has a current resource estimate of the Hushamu Deposit which has been filed on Sedar. The project is 100% owned by Northisle. The Red Dog Property is located 8km northwest of the Hushamu Deposit and hosts a historical mineral resource of 20 million tonnes grading 0.30% copper, 0.5gpt gold and 0.012% molybdenum. The reader is cautioned that a qualified person has not done sufficient work to classify the historical estimate as current resources and Northisle is not treating the historical estimate as current mineral resources. | |
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