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Northisle Copper and Gold Inc. Launches a Second Exploration Program at Its Pemberton Hills Target
HIGHLIGHTS Northisle and its farm-out party, Freeport-McMoRan Mineral Properties Canada Inc., are launching a second exploration campaign on the Pemberton Hills
About this update from Northisle Copper And Gold Inc.
[{"type":"text","content":" HIGHLIGHTS Northisle and its farm-out party, Freeport-McMoRan Mineral Properties Canada Inc., are launching a second exploration campaign on the Pemberton Hills target The Pemberton Hills target is a 3.5km by 1.5km area of advanced argillic alteration similar to that observed at Northisle’s 100%-owned Hushamu and Red Dog copper-gold deposits In 2018, the exploration first program consisted of approximately 13km of Induced Polarization (IP) geophysical survey which was then followed by 3,400m of drilling consisting in 7 holes For 2019, the initial exploration program will consist of approximately 24km of IP surveying as well as geological, geochemical and clay studies designed to define drill targets for a second phase of drilling later in the year VANCOUVER, British Columbia, April 03, 2019 (GLOBE NEWSWIRE) -- Northisle Copper and Gold Inc. (TSX-V:NCX) (“Northisle” or the “Company”) is pleased to announce the launch of its second exploration campaign at its Pemberton Hills Property, located in British Columbia, subject to a farm-out agreement with Freeport-McMoRan Mineral Properties Canada Inc. (“Freeport”). John McClintock, President and CEO of Northisle stated: “We are very pleased with the progress made on our Pemberton Hills Property following the 2018 commencement of its venture with Freeport in early 2018 and with the technical support they have provided. We believe that Freeport’s decision to continue with a second exploration campaign in 2019 demonstrates Freeport’s continued interest in our tenements. Pemberton Hills is one of several early-stage exploration targets on our extensive property holdings in this extensive copper-gold district.” As shown in the figure above, the geophysical program will test the northern and eastern extensions of advanced argillic alteration located within the same geological terrain that extends west-northwest from BHP Billiton’s past producing Island Copper Mine. The alteration at Pemberton is very similar to that at the nearby Hushamu and Red Dog deposits and in porphyry copper systems found elsewhere in the world. The initial 2019 exploration program will consist of approximately 24 kilometres of Induced Polarization surveying as well as geological mapping, geochemical and clay studies designed to identify drill targets for a second phase of drilling later in the year...