Announcement Date: 2022-05-31
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Northisle Copper and Gold Inc.
Project name: North Island
Location: Canada
Commodities: Gold,Rhenium,Copper,Molybdenum
Highlight: Drilling results incl. 63m @ 0.405% Cu, 0.491g/t Au, 0.011% Mo, 0.539g/t Re from 309m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, B.C. – Northisle Copper and Gold Inc. (TSX-V: NCX) (“Northisle” or the “Company”) is pleased to announce complete assay results from its 2021 drill program. Results at Hushamu include intercepts of mineralization with grades significantly above the existing Indicated Resource estimate. At Northwest Expo, NW21-04 intersected significant gold grades which extend the gold-rich zone to the east. The remaining 2021 assays at the Northwest Expo target confirm the existence of an extensive porphyry system while results at Macintosh suggest that the significant area of alteration represents an extension of the Hushamu hydrothermal system which warrants further exploration. Northisle has now received the assay results of the four drill holes from its 2021 drill program at Hushamu (HU21-01 to HU21-04), which are the first from the extensive in-fill program for the deposit which has the objective of adding drill holes in under-drilled areas of the deposit and converting Inferred Resources to Indicated Resources ahead of the Company’s planned pre-feasibility study. Future drilling is also targeted at extending the resource to the southeast and northwest. An additional six holes have been drilled to date in 2022 and results for these are anticipated by the end of Q2 2022. Significant intercepts from the 2021 drill holes can be found in Table 1 above.
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