August 31, 2023
NorthIsle Copper & Gold Inc. (TSXV:NCX, BUY, C$1.25 target, Taylor Combaluzier) has completed its Phase 1 drill program at the Northwest Expo and Goodspeed targets within its 100%-owned North Island Cu-Au project located in BC. At Northwest Expo, the company drilled eight holes (4,188m) to help define a preliminary resource in the Au-enriched Cu porphyry mineralization found within Zone 1. Drilling was designed to in-fill and step out from historical and 2022 drilling in this zone. All eight holes have been submitted to the lab for further analysis. At Goodspeed, five holes (1,626m) were drilled to test targets outlined through surface mapping, historical drilling, along with IP and magnetic geophysical surveys completed in 2022. Sulphides were observed in four holes (GS23-01, GS23-03, GS23-04, and GS23-05), while spot PXBF scans indicated anomalous Cu values of up to 4,900 ppm. These holes are currently being logged and sampled for assaying. NorthIsle has also received a five-year area-based permit for the Pemberton Hills target, which will likely be used to follow up on several high-priority targets (read notable). Lastly, the company outlined key potential catalysts for the remainder of 2023: 1) metallurgical test results at the Hushamu and Northwest Expo (ongoing), 2) continued progress on relationships with indigenous rightsholders and local stakeholders (ongoing), 3) commencement of a phase two drill program (Q3/23), and 4) inaugural Northwest Expo Zone 1 resource estimate (Q4/23). Read more
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NorthIsle Copper & Gold Inc. – TSXV:NCX
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