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Northisle Copper and Gold Begins Extensive Surface Exploration Program and Drilling at Hushamu; Assays Pending at Northwest Expo and Red Dog
Highlights: Newly approved $1.8 million budget including surface TerraSpec clay mapping, wireless induced polarization and ground magnetometer geophysics progra
About this update from Northisle Copper And Gold Inc.
[{"type":"text","content":"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 VANCOUVER, British Columbia / Nov 23, 2021 / Business Wire / Northisle Copper and Gold Inc. (TSX-V:NCX) (“Northisle” or the “Company”) is pleased to provide an update on it’s 2021 exploration programs. This includes the commencement of an extensive surface exploration program, in-fill and step-out drilling at Hushamu, and the completion of drilling at Northwest Expo and Red Dog. Sam Lee, President & CEO of Northisle stated, “Our ongoing exploration program continues to support our belief that the North Island Project’s extensive mineral tenure package has the potential to become a district camp hosting multiple porphyry deposits along a 50km long porphyry trend. There has already been multiple discoveries along this trend including the Hushamu and Red Dog deposits and the adjacent Island Coppe...