For thousands of other reports visit RSC's Mineral Intellingence Map
Northisle Copper and Gold Inc.
Summary
| Project: | North Island | |
|---|---|---|
| Deposit: | Red Dog | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Molybdenum | |
| Date: | 10/5/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 5-10-2016: Northisle Copper and Gold Inc. announces an Exploration/Drilling Update report for its Red Dog deposit at the North Island project. Drilling results incl. 122m @ 0.3% Cu, 0.41g/t Au from 30m. VANCOUVER, BC--(Marketwired - October 05, 2016) - No | |
| 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, BC--(Marketwired - October 05, 2016) - Northisle Copper and Gold Inc. ("Northisle" or the "Company") is pleased to announce that results for all four holes from the summer verification drill program on the Company's Red Dog deposit have now been received. Collectively, the four holes support the historical drill data and confirm that the Red Dog resource qualifies for inclusion in the overall Hushamu project. The Company will now complete a NI-43-101 resource calculation for Red Dog and push ahead with work on the Preliminary Economic Assessment (PEA). Jack McClintock, P. Eng, President of Northisle commented: "With all four verification holes supporting the validity of the Red Dog resource, we can now move ahead with the PEA that incorporates Red Dog and Hushamu. As we have said before, inclusion of Red Dog has the potential to significantly benefit the overall scope and economics of the project." Drill-hole RD 16-06, drilled at -45 degrees to the south, was collared seven metres from and parallel to historical drill hole EC 133 drilled by Utah Mines Ltd. in 1982. The historical hole assayed 0.31% copper and 0.46 gpt over 121.9 metres. In addition to the four resource verification holes, three holes, RD16-04, RD16-05 and RD16-05A, were drilled to test for deeply-buried porphyry copper mineralization to the south of the Red Dog deposit. Due to poor ground conditions all three holes were lost at depths of 151, 124 and 206 metres, respectively, well before the targeted depth of 500 metres. Holes RD 16-04 and RD16-05A intersected anomalous levels of copper, in the 200 to 1500ppm range, over the final 50 metres of the holes, indicating that the deep porphyry target remains to be tested as a priority target in the next drill program. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report