Northisle Copper and Gold Inc. is pleased to provide an update on it's 2021 exploration programs. This includes the commencement of an extensive surface exploration program, in-fill and step-out drilling at Hushamu, and the completion of drilling at Northwest Expo and Red Dog. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211123005582/en/ Figure 1: Northwest [...]
TSX Venture Exchange Symbol: NCX Highlights: Pemberton Hills 2021 drilling confirms a large, deep lithocap consistent with an underlying porphyry system Pyrite rich breccia, remobilized metals in narrow veins, clay minerals intersected in the 2018 and 2021 drilling programs indicating higher temperatures and high acidity are interpreted as emanating from a porphyry system at depth Next steps include completion of [...]
Northisle has approved a $1 million budget for advancing critical path project development activities Metallurgical test work optimization including evaluation of alternatives to further enhance gold recoveries Meteorological, hydrological and geochemical studies to add to project baseline data and establish pre-feasibility design parameters Engagement with First Nations regarding project involvement opportunities Robin [...]
Northisle Copper and Gold Inc. is pleased to confirm the successful conclusion of its 2021 drilling program at the Pemberton Hills target on its 100% owned North Island Project, as well as a progress update on its ongoing surface exploration program at the Goodspeed and South Macintosh targets. Pemberton Hills The objective of this program was to confirm the existence of a large copper, gold, molybdenum bearing porphyry [...]
Northisle Copper and Gold Inc. is pleased to announce the appointment of Michelle Tanguay as Head of Sustainability and Community Relations, effective May 1, 2021. Sam Lee, President & CEO of Northisle commented: "Advancing the North Island project thoughtfully yet expeditiously is our primary goal. Adding Michelle to our team to lead an integrated approach to the sustainable development of the North Island Project is a [...]
Northisle Copper and Gold Inc. is pleased to provide an update on its 2021 exploration program for the 100% owned North Island Project. The exploration program includes a total of approximately 10,000m of drilling in 20 holes across four key targets, as well as geochemical and geological surveys in several high priority areas along the 50km extent of the North Island Project. Sam Lee, CEO of Northisle commented, "We are [...]
Northisle Copper and Gold Inc. is pleased to announce that it has filed on SEDAR an independent technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects titled "North Island Copper and Gold Project NI 43-101 Technical Report Preliminary Economic Assessment" supporting the results of a Preliminary Economic Assessment on the Company's North Island Project. The [...]
Northisle Copper and Gold Inc. is pleased to announce that it has closed the Company's previously announced non-brokered private placement. Pursuant to the Placement, the Company issued 21,473,243 common shares of the Company consisting of: 2,240,780 Common Shares at a price of C$0.262 per Common Share; 11,329,472 Common Shares that qualify as "flow-through shares" for purposes of the Income Tax Act at a price of $0.31 [...]
Northisle Copper and Gold Inc. is pleased to announce that has increased the size of its previously announced $5 million non-brokered private placement to approximately $7 million, consisting of: common shares at a price of $0.262 per Common Share ; flow-through Common Shares at a price of $0.31 per Common Share and flow-through Common Shares at a price of $0.38 per Common Share. The Offering has been fully allocated and [...]
Northisle Copper and Gold is pleased to announce that it intends to raise aggregate gross proceeds of approximately $5,000,000 pursuant to a three-part non-brokered private placement consisting of: common shares at a price of $0.262 per Common Share; flow-through Common Shares at a price of $0.31 per Common Share and flow-through Common Shares at a price of $0.38 per Common Share. Certain insiders of the Company intend to [...]
Northisle Copper and Gold Inc. is pleased to announce that it again fully controls the prospective Pemberton Hills target at its North Island Project. The project had previously been optioned to Freeport-McMoRan Mineral Properties Canada Inc. , who has provided notice of termination of their option after Northisle and Freeport were unable to agree to an extension on agreeable terms. Sam Lee, CEO of Northisle commented [...]
$1.1 billion NPV • 19.0% IRR • 22 year mine life • Opportunities for exploration and optimization February 4, 2021 - All figures in C$ unless otherwise noted TSX Venture Exchange Symbol: NCX Highlights The 2021 PEA confirms that the North Island Project is one of the most attractive copper-gold porphyry projects in Canada: Long mine life of 22 years with average annual production of 177 mm lbs Cu Eq. over the first 6 [...]
