Northisle Copper and Gold Incorporated (TSX-V: NCX) has announced that it has received the first assay results from its 2021 drill programme at Northwest Expo, Vancouver Island. According to the press release, the results have established a zone of high-grade, gold-rich porphyry mineralization, approximately three kilometres northwest of Northisle’s Red Dog Deposit.
In addition, the company said it had identified numerous chargeability and resistivity anomalies from preliminary surface geophysical surveys at its Macintosh project, which are now being drill tested. Drilling on these anomalies commenced on January 19, 2022, and the company anticipates completion during Q1 2022.
The company has also completed four holes at its Hushamu property and intends to continue in-fill and step-out drilling following completion of drilling at Macintosh.
Sam Lee, President & CEO of Northisle, stated, “We are pleased with the results at Northwest Expo to date which demonstrates the potential to add higher grade resources to the North Island Project. This gold-rich zone is not within the current resource at the North Island Project and is only 14 kilometres from the proposed plant site. Grades in the new zone are approximately three to five times higher than the grades at Hushamu and Red Dog which could have a positive impact on project economics and support our belief that we are just scratching the surface of the potential of our 50km camp scale porphyry belt.”
Robin Tolbert, Vice President Exploration of Northisle, added, “With the receipt of assay results from NW21-03, we have now defined an area of approximately 480 meters by 360 meters of porphyry copper-gold mineralization, with an interpreted average width of 86 meters, and this volume is open in multiple directions. This is just the beginning of exploration on Northwest Expo. A ground-based geophysical programme is scheduled to commence shortly and will allow targeting of an expanded drill programme, to commence upon receipt of permits. The positive assay results have confirmed the regional interpretation of the importance of the chlorite-magnetite mineralization in this area, which will help to inform our approach to exploring the rest of our large and prospective land package.”
For further information, please visit: https://www.northisle.ca/
