Northisle Copper and Gold Inc V.NCX

Alternate Symbol(s): NTCPF

Metals & Mining Industrial Metals & Minerals

Northisle Copper and Gold Inc. is a sustainable mineral resource company. It owns the North Island Project, which is a copper and gold porphyry project in Canada. The North Island Project is located near Port Hardy, British Columbia on a more than 34,000-hectare block of mineral titles 100% owned by the Company stretching 50 kilometers (km) northwest from the now closed Island Copper Mine operated by BHP Billiton. The claim block includes two defined resources at Hushamu and Red Dog, and numerous additional copper and gold porphyry targets. The Hushamu Deposit is a high-level telescoped porphyry copper-gold- molybdenum system containing a significant rhenium content. The Pemberton Hills target is within a 6.5 km long by 1.5 km thick area of high-level, advanced argillic alteration within Mesozoic-age andesitic volcanic rocks in an early-stage exploration zone. The North Island Project includes several relatively untested targets, including Northwest Expo, Goodspeed and Macintosh.

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Northisle Copper and Gold Inc

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Post by Betteryear2on Nov 23, 2021 8:02am

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Post# 34156041

Begins Extensive Surface Exploration Program and Drilling

Highlights:

Newly approved $1.8 million budget including surface TerraSpec clay mapping, wireless induced polarization and ground magnetometer geophysics program totalling over 60 line kilometers
- Targeting Macintosh, Pemberton Hills, Northwest Expo, Red Dog, and Goodspeed
- The objective is to vector into potential mineralization which, combined with 2021 drill results and TerraSpec clay mapping will provide drill targets for 2022 programs
- Wireless IP eliminates line cutting requirements in previously un-surveyed areas, thus reducing the environmental impact
Drilling at Hushamu commenced on November 22 following receipt of multi-year permit
- Permit covers all required activities for completion of a pre-feasibility study
- The adjacent Macintosh target, as defined by a 2,400m by 1,500 silica-clay-pyrite alteration surface expression, is also within the permit area and will be prioritized for geophysical work
Northwest Expo and Red Dog drill programs concluded for 2021; assays are pending
- Historical drilling at Northwest Expo identified significant gold intercepts within porphyry mineralization
- The completed 2021 drilling was targeted to confirm and extend a potential gold-rich zone as well as adjacent untested volumes hypothesized to contain porphyry mineralization at Northwest Expo
- Drill holes NW21-03, NW21-04, NW21-05 and NW21-08 intersected significant CMG (chlorite-magnetite) alteration, which in the Hushamu deposit carries the most significant grades
- Assays for these holes have been prioritised and results are expected in December