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Northisle Copper and Gold Intersects 0.72% Cu Eq. over 50m, 0.47% Cu Eq. over 101m; Drilling Extends Mineralization more than 200m beyond the Modelled Pit Shell
Highlights: 2022 drilling at the Hushamu deposit (“Hushamu”) of the North Island Copper and Gold Project (the “North Island Project”) has continued to demonstra
About this update from Northisle Copper And Gold Inc.
[{"type":"text","content":"Highlights: 2022 drilling at the Hushamu deposit (“Hushamu”) of the North Island Copper and Gold Project (the “North Island Project”) has continued to demonstrate potential to improve Mineral Resource grade and tonnage within the existing Hushamu pit design area HU22-01, HU22-02 and HU22-05 each extended higher-grade mineralization into areas which are currently modelled to contain waste or lower-grade mineralized material In addition, HU22-06 indicates mineralization continues into alteration previously interpreted as unmineralized, more than 200 m beyond the existing modelled pit shell boundary. VANCOUVER, British Columbia / Aug 05, 2022 / Business Wire / Northisle Copper and Gold Inc. (TSX-V: NCX) (“Northisle” or the “Company”) is pleased to announce assay results from its 2022 Spring drill program at Hushamu. These new results continue to affirm the interpretation that higher grade mineralization exists in under-drilled areas of the modelled pit at Hushamu. In addition, HU22-06 was continued in copper mineralization for at least 200 meters beyond the outline of the modelled pit shell. Robin Tolbert, Vice President Exploration of Northisle stated “Drilling at Hushamu during early 2022 continues to demonstrate the potential for improved grade and tonnage at Hushamu. In addition, we have demonstrated that historical visual interpretations of the alteration profile at Hushamu may have underestimated the overall size of the mineralized portion of the system.” Figure 1 shows the Company’s existing deposits as well as key exploration targets at the North Island Project. The Hushamu deposit forms the core of the technical report titled “North Island Copper and Gold Project Form 43-101F1 Technical Report Preliminary Economic Assessment” issued June 8, 2022, with an effective date of February 4, 2021 (the “2021 PEA”). Hushamu 2022 Drill Results Northisle has now received the assay results of the six drill holes from its 2022 Spring drill program at Hushamu (HU22-01 to HU22-06), which has the objective of converting in-pit Inferred Mineral Resources to Indicated Mineral Resources ahead of the Company’s planned pre-feasibility study. The mineralization remains open to the northwest and southeast of the deposit, and based on results released today is interpreted to be open at depth significantly past previous modelling. Significant inter...