NorthIsle Copper and Gold (TSXV:NCX) is developing the 100-percent owned North Island copper-gold project in northern Vancouver Island, an area with a long history of resource development and mining. The brownfields project includes two defined deposits, Hushamu and Red Dog, along with a number of other potential targets.
The Hushamu deposit is a porphyry copper-gold-molybdenum system with a current NI 43-101 resource estimate. Northisle’s Red Dog deposit was acquired due to historical drilling that reported higher grade than Hushamu and it also has a current NI 43-101 resource estimate which was completed in early 2017. Both resource estimates formed the basis of a recently released Preliminary Economic Assessment (PEA). The results of the PEA were positive and are indicative of the viability of the North Isle project.
- Control of an entire porphyry district with two known deposits and numerous additional porphyry targets.