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NorthIsle Copper and Gold Announces Drilling at West Goodspeed Has Intercepted Porphyry-Related Copper Mineralization Over 800 Metre Strike
Highlights: Northisle has now completed 7 new diamond drill holes totaling over 3,077m in its 2024 Phase 1 West Goodspeed drill program which commenced in May 2
About this update from Northisle Copper And Gold Inc.
[{"type":"text","content":"Highlights: Northisle has now completed 7 new diamond drill holes totaling over 3,077m in its 2024 Phase 1 West Goodspeed drill program which commenced in May 2024 GS24-06 intercepted copper and gold mineralization over more than 200m depth from 9m below surface Significant intercepts include 68m grading 0.56% Cu Eq. and 59.8m grading 0.37% Cu Eq. Mineralization is found within intense stockwork veining indicative of multiple phases of hydrothermal activity commonly found in the proximity of mineralized porphyry systems Porphyry-related alteration with chalcopyrite has been visibly observed in all 2024 holes, with systematic spot pXRF scanning confirming the presence of copper mineralization The target remains open along strike as well as up and down dip VANCOUVER, British Columbia / Jul 10, 2024 / Business Wire / Northisle Copper and Gold Inc. (TSX-V: NCX) (“Northisle” or the “Company”) is pleased to announce that drilling at West Goodspeed totalling over 3,077m has intercepted porphyry-related copper mineralization over an 800-metre strike length at West Goodspeed. Assays have been received from the first completed 2024 hole (GS24-06) which intercepted porphyry-related copper and gold mineralization over approximately 200 metres, starting 9m below surface, with significant intervals shown in Table 1. Porphyry-related alteration with chalcopyrite as described further below has been visually observed in all drill holes completed during 2024 at the West Goodspeed target, with a systematic program of pXRF scanning of core to confirm the presence of copper mineralization. Readers are cautioned that exploration results at West Goodspeed are preliminary and that visual and pXRF results provide no certainty that a deposit with reasonable prospects of economic extraction will be identified. Table 1: GS24-06 Significant Intercepts Hole ID From (m) To (m) Interval (m) Cu Grade (%) Au Grade (g/t) Cu Eq. Grade (%) Au Eq. Grade (g/t) GS24-06 9.4 69.2 59.8 0.22 0.201 0.37 0.49 and 74.0 93.0 19.0 0.16 0.171 0.29 0.38 and 133.0 201.0 68.0 0.28 0.384 0.56 0.74 Copper and gold equivalent calculations based on the following metal prices which were used in the Company’s 2024 Resource Estimate for Northwest Expo: Cu = US$3.50/lb, Au = US$1,800/oz. Calculations assume 100% recovery; totals may not add due to rounding. Intervals were selected based o...