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Northisle Intersects 0.30% Copper and 0.41 g/t Gold Over 122 Metres in Drill Hole RD 16-06 at Red Dog, British Columbia
VANCOUVER, BC--(October 05, 2016) - Northisle Copper and Gold Inc. ("Northisle" or the "Company") is pleased to announce that results for all four holes from th
About this update from Northisle Copper And Gold Inc.
[{"type":"text","content":"VANCOUVER, BC--(October 05, 2016) - Northisle Copper and Gold Inc. (\"Northisle\" or the \"Company\") is pleased to announce that results for all four holes from the summer verification drill program on the Company's Red Dog deposit have now been received. Collectively, the four holes support the historical drill data and confirm that the Red Dog resource qualifies for inclusion in the overall Hushamu project. The Company will now complete a NI-43-101 resource calculation for Red Dog and push ahead with work on the Preliminary Economic Assessment (PEA). Jack McClintock, P. Eng, President of Northisle commented: \"With all four verification holes supporting the validity of the Red Dog resource, we can now move ahead with the PEA that incorporates Red Dog and Hushamu. As we have said before, inclusion of Red Dog has the potential to significantly benefit the overall scope and economics of the project.\" Highlights The fourth verification hole, RD 16-06 intersected 0.30% copper and 0.41 gpt gold over a core length of 122 metres confirms the result recorded in the nearby historical hole. Verification Drill Results Hole From (m) To (m) Width (m) Copper (%) Gold (gpt) RD-16-06 30 152 122 0.30 0.41 *RD-16-03 1.2 100.8 99.6 0.28 0.48 including 1.2 72.0 70.8 0.30 0.55 *RD-16-02 8 154 146 0.33 0.52 *RD-16-01 1.5 200 198.5 0.31 0.47 Reported widths are drilled widths. True widths have not been determined. *Previously reported on September 13th, 20thand 27th 2016. Drill-hole RD 16-06, drilled at -45 degrees to the south, was collared seven metres from and parallel to historical drill hole EC 133 drilled by Utah Mines Ltd. in 1982. The historical hole assayed 0.31% copper and 0.46 gpt over 121.9 metres. In addition to the four resource verification holes, three holes, RD16-04, RD16-05 and RD16-05A, were drilled to test for deeply-buried porphyry copper mineralization to the south of the Red Dog deposit. Due to poor ground conditions all three holes were lost at depths of 151, 124 and 206 metres, respectively, well before the targeted depth of 500 metres. Holes RD 16-04 and RD16-05A intersected anomalous levels of copper, in the 200 to 1500ppm range, over the final 50 metres of the holes, indicating that the deep porphyry target remains to be tested as a priority target in the next drill program. Red Dog is located eight kilometres northwest ...