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Northisle Copper and Gold Inc V.NCX

Alternate Symbol(s):  NTCPF

Northisle Copper and Gold Inc. is a Canada-based mineral resource company. The Company is engaged in the exploration and development of its North Island Project on Vancouver Island. The North Island Project is located at the north end of Vancouver Island west of the town of Port Hardy B.C. The North Island Project consists of copper and gold porphyry deposits in Canada. The North Island Project covers approximately 34,000 hectares of block of mineral titles. The North Island project comprises Hushamu and Red Dog Deposits and six other partially explored porphyry mineral occurrences and related deposit types containing copper-gold-molybdenum-rhenium situated along the Northern Island Copper Belt on Vancouver Island, British Columbia. The Project runs approximately 50 kilometers (km) to the northwest of the reclaimed BHP Island Copper Mine. The Company’s 100%-owned subsidiary is North Island Mining Corp.


TSXV:NCX - Post by User

Post by Betteryear2on Mar 31, 2022 4:15am
269 Views
Post# 34561943

Northisle Announces Plan to Define Initial Resource

Northisle Announces Plan to Define Initial Resource

VANCOUVER, British Columbia--()--Northisle Copper and Gold Inc. (TSX-V: NCX) (“Northisle” or the “Company”) is pleased to announce that it has finalized its 2022 work plans for the highly prospective new gold-rich zone at Northwest Expo. The 2022 plan is to define a resource around the gold-rich mineralized porphyry zone measuring 480 by 360 metres with an average true width of 86 metres and a true width-weighted average grade of 0.98 g/t Au or 1.23g/t Au Eq. Initial metallurgical testing will commence immediately and will be incorporated in updated trade off studies that will consider the impact of Northwest Expo on the currently defined North Island Project, where a PEA completed during 2021 indicated a preliminary after-tax NPV (8%) of C$1.1 billion based on a US$3.25/lb copper price and a US$1,650/oz gold price.

 

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