Business
Northisle Copper and Gold Inc. Drills 138 Metres of 0.23 g/t Gold at Hushamu Deposit
VANCOUVER, British Columbia, Sept. 06, 2017 (GLOBE NEWSWIRE) -- Northisle Copper and Gold Inc. (“Northisle” or the “Company”) is pleased to report the results f
About this update from Northisle Copper And Gold Inc.
[{"type":"text","content":"VANCOUVER, British Columbia, Sept. 06, 2017 (GLOBE NEWSWIRE) -- Northisle Copper and Gold Inc. (“Northisle” or the “Company”) is pleased to report the results from this summer’s drill program on its wholly owned North Island Copper-Gold project on Vancouver Island, British Columbia. The program consisted of 1800 metres in six drill holes including testing three exploration targets and collecting a metallurgical sample for future testing. The program was successful in meeting its three exploration objectives: Test for a southeastern extension of the Hushamu deposit; Test a 300 metre diameter area within the Hushamu resource that was previously thought to be barren; Test for a deeply buried porphyry copper and gold mineralization to the south of the Red Dog Deposit. Highlights The mineralization in H17-05 indicates the Hushamu Deposit is open both to the north and to the southeast. Holes H17-02 and H17-03, show conclusively that much of the previously assumed barren area is mineralization above the cut-off grade. Drill hole RD17-01, testing the deep porphyry target at the Red Dog Deposit, encountered high-level porphyry copper alteration from bedrock to the end of the hole at 290 metres. Additional drilling is warranted to further advance all current exploration objectives. South Eastern Extension Results Hole H17-05, positioned approximately 300 metres southeast of the final pit limit on the Hushamu deposit as used in Northisle’s soon to be released Preliminary Economic Assessment (PEA), was collared south of the projected southeast extension and angled towards it. Due to bad ground conditions, the hole was lost at 225 metres well short of its planned depth of 400 metres. The hole entered high-level porphyry copper mineralization at 60 metres with copper and molybdenum grades noticeably strengthened with depth down the hole. The section of the hole below 100 metres assayed above cut-off grade as defined in the currently underway PEA with the best mineralization occurring in the final 24 metres of the hole. The mineralization in H17-05 indicates the deposit is open both to the north and to the southeast. Additional drilling will be required to determine the extent and grade of the mineralization associated with H17-05. Hole From (m) To (m) Width (m) Gold (gpt) Copper % Molybden...