Northisle Copper and Gold Inc. (TSXV: NCX) has discovered a new mineralized porphyry system, now known as West Goodspeed, approximately 1,300m west of the Goodspeed target and 1,200m southeast of the Red Dog Deposit within the district-scale North Island Project.
Exploration during 2023 has demonstrated that the North Island Project, located in British Columbia, Canada, continues to expand in an area with existing infrastructure and a legacy of mining and resource production.
“This new West Goodspeed discovery is yet another example of the highly prospective nature of the northwest portion of the property,” commented Northisle CEO and president, Sam Lee. “Today’s drill results demonstrate very near surface mineralization over at least 200m of lateral extent in an area which has not previously been fully surveyed by modern exploration techniques or drilling. This newly discovered area remains open in all directions and gives us yet another target for 2024 exploration in addition to the gold rich zone at Northwest Expo.”
Drilling at the new West Goodspeed target has intercepted mineralized porphyry-style alteration with significant grades over lengthy intervals within 50m from surface.
Highlights included:
- Hole GS23-04: 31m @0.46% Cu Eq, 54m at 0.34% Cu Eq, and 78m grading 0.48% Cu Eq
- Hole GS23-05: 38m @0.35% Cu Eq, 125m at 0.49% Cu Eq, and 6m grading 0.35% Cu Eq
Mineralization above a 0.1% cut-off accounted for more than 55% of the length of both holes drilled in this area, with the entire length of the holes bearing highly anomalous copper through end of hole.
Intercepts are within an open, undrilled volume at the north edge of a large magnetic anomaly interpreted to be transitional from base of lithocap to potassic alteration zone commonly found close to porphyry center.
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