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Northisle Copper and Gold Announces Completion of Phase 1 Drilling at Northwest Expo and Goodspeed Target, Receipt of Pemberton Hills Permit
Highlights: Phase one drilling at Northwest Expo has been completed with multiple intercepts of silica-clay-pyrite and chlorite-magnetite alteration as observed
About this update from Northisle Copper And Gold Inc.
[{"type":"text","content":"Highlights: Phase one drilling at Northwest Expo has been completed with multiple intercepts of silica-clay-pyrite and chlorite-magnetite alteration as observed in previous drilling in Zone 1 Initial assays are anticipated shortly and will guide a fully financed phase two program this year Drilling completed at Goodspeed where initial logging and spot PXRF scanning has identified the presence of sulphides and anomalous copper values of up to 4,900 ppm 5-year area-based drilling permit received at Pemberton Hills VANCOUVER, British Columbia / Aug 30, 2023 / Business Wire / Northisle Copper and Gold Inc. (TSX-V:NCX) (“Northisle” or the “Company”) is pleased to announce that it has successfully concluded its phase one drill program at Northwest Expo and Goodspeed. In addition, the Company has received a 5-year area-based exploration permit covering its Pemberton Hills exploration targets on the North Island Project. Receipt of this permit, as well as the Northwest permit received earlier this year, followed a robust engagement process which included extensive information sharing and discussions with impacted First Nations in advance of and throughout the permitting process. Robin Tolbert, Vice President Exploration, commented, “We are pleased that our program at Northwest Expo has intercepted the anticipated alteration in multiple holes drilled in Zone 1, based on preliminary visual inspection of core. Our team is in the process of completing visual, x-ray fluorescence and spectroscopic analysis and several holes have already been sent for assay. We eagerly await the results in the coming weeks and will leverage these results to assist in the targeting of our second phase program. In addition, the presence of sulphides and anomalous copper at Goodspeed is encouraging.” Northwest Expo 2023 Phase One Preliminary Results Northisle has completed a total of 8 holes for a total of 4,188m, in its 2023 Phase One program at Northwest Expo. These holes were drilled with the objective of defining a preliminary resource in the gold-enriched copper porphyry mineralization found in Zone 1 occurring in silica-clay-pyrite (“SCP”) and altered Jurassic Bonanza Formation andesitic volcanoclastic rocks. Based on visual interpretation, drilling has intercepted SCP and/or chlorite-magnetite alteration zones in holes NW23-09 to NW23-15, which were drille...