2017 TSX Venture Exchange Symbol: NCX Northisle Files NI-43-101 Red Dog Technical Report ON SEDAR Moves Forward with a PEA ON the Combined Hushamu-Red Dog Project
NEWS RELEASE
January10, 2017 TSX Venture Exchange symbol: NCX
NORTHISLE FILES NI-43-101 RED DOG TECHNICAL REPORT ON SEDAR
MOVES FORWARD WITH A PEA ON THE COMBINED HUSHAMU-RED DOG PROJECT
Vancouver, B.C. – Northisle Copper and Gold Inc. Inc. (“Northisle” or the “Company”) has filed an
independent technical report for the maiden NI-43-101 Mineral Resource Report on its Red Dog copper -gold
deposit, which was prepared in accordance wi th National Instrument 43 -101 – standards of disclosure for
mineral projects.
Red Dog contains an Indicated Resource of 23.6 Mt grading 0.32 percent Copper and 0.46 gpt Gold , using a
base-case cut-off grade of 0.20 percent Copper.
Red Dog is located within Northisle’s 100 percent-owned North Island Project on Vancouver Island, British
Columbia, only ten kilometres by road from Northisle’s Hushamu deposit. Hushamu contains 304 Mt grading
0.21 percent Copper, 0.29 gpt gold, 0.01 percent molybdenum (Indicated) and 205.6 Mt grading 0.18 percent
Copper, 0.26 gpt Gold (Inferred).
The Company is moving forward with a preliminary economic assessment (PEA) on the combined Hushamu -
Red Dog project, which will focus on inco rporating higher grade feed from Red Dog into the early years of a
potential long-life mine plan.
“Our North Island Copper -Gold project is one of the more favourable copper-gold resource and exploration
projects due to its size, excellent geographic location and existing infrastructure. We are pleased to be in a
position to advance Hushamu and Red Dog through the PEA stage under steadily improving market conditions
for base metals and commodities in general,” said Jack McClintock, Northisle’s President and CEO.
The technical report entitled "Red Dog Property, British Columbia, Canada, 43-101 Technical Report, Copper-
Gold-Molybdenum Resource Estimate” by Brian Game, P.Geo and Phil Burt, P. Geo. can be accessed under the
company's SEDAR profile or on the company's website.
About Northisle
The North Island Copper -Gold Project is situated approximately 15 -40 kilometres southwest of Port Hardy and
contains the Hushamu and Red Dog deposits and five other partially explored copper -gold porphyry
occurrences. The project is 100% owned by Northisle.
The Hushamu Resource
The Company has a current resource estimate of the Hushamu Deposit which has been filed on SEDAR.
Resource Grade Contained Metal
Tonnes
(x1000)
Copper
%
Gold
g/t
Mo
%
Re
ppm
Cu Eq
%
Copper
B lb
Gold
M oz
Mo
M lb
Re
Kg x
1000
Indicated 304,000 0.21 0.29 .010 0.55 0.45 1.4 2.8 65.7 167.4
Inferred 205,600 0.18 0.26 .008 0.38 0.39 0.8 1.7 34.9 78.1
** Copper equivalent calculated using US$2.50/lb Cu, US$1100/oz Au and US$14.00/lb Mo and is not adjusted for mining and metallurgical
recoveries as these remain uncertain. The formula used is as follows: CuEQ = (Cu% x 22.0462 x 2.50) + (Au g/t x 1100.00/ 31.1035) + (Mo% x 22.0462 x 14.00). Rhenium
values have not been used in the cut-off grade or Cu Equivalent calculations
The Red Dog Resource
The Red Dog Resource is located 8km northwest of the Hushamu Deposit and hosts a NI 43 -101 Indicated
Resource of 23.6 million tonnes grading 0.32% copper, 0.46gpt gold and 0.007% molybdenum.
Options Granted
The Company has approved the granting of stock options to directors, officers, and consultants for the
purchase of 2,475,000 common shares of the Company. The options will vest over a two -year period, with one-
third vested on issue, one-third on the first anniversary date and one -third on the second anniversary date. These
options have a five -year term and allow the holder to purchase one common share of the com pany for $ 0.17
cents a share until January 9, 2022.
For more information on Northisle and the Hushamu Deposit please visit the Company’s website at
www.Northisle.ca.
John McClintock, P. Eng is the Qualified Person who reviewed and approved the scientific and technical
disclosure in this news release.
On behalf of Northisle Copper and Gold Inc.
“John McClintock”
John McClintock
President, CEO and Director
www.northisle.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release contains forward -looking statements. These forward -looking statements are based upon the reasonable beliefs of
Northisle and its management as of the date of this news release; however, forward -looking statements involve risks and uncertainties and
are based upon factors that may change and assumptions that may prove, with the passage of time, to be incorrect as a result of exploration
and other risk factors associated with mineral exploration and development that are beyo nd the control of Northisle. Accordingly, undue
reliance should not be placed upon such statements. If factors materially change or assumptions are materially incorrect, the actual results,
performance or achievements of Northisle may be materially differe nt from any future results, performances or achievements expressed or
implied by such forward-looking statements. Northisle does not undertake any obligation to update or revise any forward -looking statements
to reflect new information, future events or otherwise, except as required by applicable law.