Northisle Copper and GOLD Inc. Commences Drilling ON the North Island Copper-GOLD Project
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Northisle Copper and Gold Inc. 15th Floor – 1040 West Georgia Street,, Vancouver, B.C. V6E 4H1 www.northisle.ca [email protected] Tel: 606-638-2515
NEWS RELEASE
June 16, 2017 TSX Venture Exchange Symbol: NCX
NORTHISLE COPPER AND GOLD INC. COMMENCES DRILLING ON
THE NORTH ISLAND COPPER-GOLD PROJECT
Vancouver, B.C. – Northisle Copper and Gold Inc. (“Northisle” or the “Company”) has commenced a
2,400 metre diamond drill program on its wholly owned North Island Copper -Gold project on
Vancouver Island, British Columbia . The drill program is designed to test the southea stern extension of
the Hushamu deposit, wh ere it remains open beyond the current boundary of the NI 43 -101 resource
estimate. In addition to the holes planned for Hushamu, o ne drill hole will be targeted to evaluate the
potential for a deeply buried copper-gold porphyry system south of the Red Dog Deposit. The deep
target in this area is defined by a combination of favourable geology and improving copper grades with
depth in shallow historical drill holes. The drilling is expected to be completed in abo ut six weeks.
The Company also reports that detailed engineering studies continue as part of the Preliminary
Economic Assessment (PEA) on a project that combines the Hushamu and Red Dog deposits into a
single mining project . The completion of the PEA is targeted for the end of August .
The Company recently held its Annual General Meeting in Vancouver. Resolutions passed at the
meeting included the appointment of Hay and Watson as auditors, approval of the Company’s
incentive stock option plan, and the re -election of John McClintock, Davi d Douglas, Brandon
Macdonald, Larry Yau and Dale Corman as Directors.
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 metallu rgical
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
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Northisle Copper and Gold Inc. 15th Floor – 1040 West Georgia Street,, Vancouver, B.C. V6E 4H1 www.northisle.ca [email protected] Tel: 606-638-2515
The Red Dog Resource
The Red Dog Resource is located 8km northwest of the Hushamu Deposit and hosts a NI 43 -101
Indicated R esource of 23.6 million tonnes grading 0.32% copper, 0.46gpt gold and 0.007%
molybdenum.
For more information on Northisle and the Hushamu and Red Dog deposits please visit the Company’s
website at www.Northisle.ca
John McClintock, P. Eng is the Qualified Person responsible for the technical content of this release.
On behalf of Northisle Copper and Gold Inc.
“John McClintock”
John McClintock
President, CEO and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture 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 beyond 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 o r achievements of
Northisle may be materially different 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.