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Northisle Copper and Gold Intersects 0.81% Cu Eq. Over 63m and 0.67% Cu Eq. Over 147m at Hushamu; Gold-Rich Zone at Northwest Expo Extended
VANCOUVER, British Columbia / May 31, 2022 / Business Wire / Northisle Copper and Gold Inc. (TSX-V: NCX) (“Northisle” or the “Company”) is pleased to announce c
About this update from Northisle Copper And Gold Inc.
[{"type":"text","content":"VANCOUVER, British Columbia / May 31, 2022 / Business Wire / Northisle Copper and Gold Inc. (TSX-V: NCX) (“Northisle” or the “Company”) is pleased to announce complete assay results from its 2021 drill program. Results at Hushamu include intercepts of mineralization with grades significantly above the existing Indicated Resource estimate. At Northwest Expo, NW21-04 intersected significant gold grades which extend the gold-rich zone to the east. The remaining 2021 assays at the Northwest Expo target confirm the existence of an extensive porphyry system while results at Macintosh suggest that the significant area of alteration represents an extension of the Hushamu hydrothermal system which warrants further exploration. Table 1: Hushamu 2021 Significant Intercepts DDHID From (m) To (m) Interval (m) True width (m) Cu % Au g/t Mo % Re g/t Au Equiv g/t Cu Equiv % HU21-01 333 480.25 147.25m 140 0.306 0.419 0.013 0.806 0.905 0.670 HU21-02 179 197 18 18 0.219 0.294 0.009 0.415 0.637 0.472 and 216 222 6 6 0.295 0.25 0.009 0.532 0.698 0.517 and 263 306 43 43 0.184 0.298 0.011 0.705 0.609 0.451 and 322.25 387 64.75 64.75 0.225 0.188 0.010 0.423 0.543 0.402 HU21-03 312.4 330 17.6 15 0.162 0.196 0.007 0.313 0.451 0.334 and 339 347.4 8.4 7 0.284 0.291 0.014 0.801 0.752 0.557 and 407 442 35 31 0.412 0.521 0.018 0.747 1.170 0.866 HU21-04 309 372 63 56 0.405 0.491 0.011 0.539 1.096 0.812 Copper and gold equivalent calculations based on the following metal prices which were used in the Company’s 2021 PEA on the North Island Project: Cu = US$3.25/lb, Au = US$1,650/oz, Mo = US$10/lb, Re = $1,256/kg. Calculations assume 100% recovery; totals may not add due to rounding Note on equivalent calculation: Copper equivalent is determined by calculating total contained metal value/ tonne, dividing by the copper price, and then dividing the resultant number of pounds of copper by 2204.6. Gold equivalent is determined by calculating total contained metal value/tonne, dividing by the gold price, and then multiplying the resultant number of troy ounces of go...