Northisle Copper and GOLD Inc. Completes Drilling Program
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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
July 27, 2017 TSX Venture Exchange symbol: NCX
NORTHISLE COPPER AND GOLD INC. COMPLETES DRILLING PROGRAM
Vancouver, B.C. – Northisle Copper and Gold Inc. (“Northisle” or the “Company”) is pleased to report
the completion of a 1,846 metre diamond drilling program on its wholly owned North Island Copper -
Gold project on Vancouver Island, British Columbia .
The program consisted of s ix holes, five targeting three exploration targets and one directed at collecting
a metallurgical sample for future testing.
Core samples from this year’s drill program have been sent to BVL Minerals’ laboratory in Vancouver .
Results will be announced once analyses from all holes have been received and compiled.
The exploration drilling focused primarily on three target areas:
1. The southeastern extension of the Hushamu deposit outside of the current resource boundary .
2. A 300 metre diameter area within the current Hushamu resource where historical widely-spaced
vertical drill holes indicated very low-grade or no mineralization was present.
3. A test for deeply buried porphyry copper and gold mineralization to the south of the Red Dog
Deposit.
The hole testing the so utheastern extension intersected porphyry-type alteration and sulphide
mineralization over its entire length of 225 metres. In addition, the 3 angled holes drilled within the 300
metre diameter zone previously classified as “barren” confirmed that the previous historical holes had
been drilled down relatively narrow post mineralization dykes.
The single hole testing the deep porphyry target at the Red Dog Deposit encountered high -level
porphyry copper alteration from bedrock to 290 metres where the hole was lost due to caving material
from a fault higher in the hole.
The Company also reports tha t detailed engineering studies are nearing completion, and the
Preliminary Economic Assessment (PEA) on the combined Hushamu and Red Dog deposits is
anticipated to be completed by the end of August.
About Northisle
The North Island Copper -Gold Project is situated approximately 15 -40 kil ometres southwest of Port
Hardy, BC near the formerly producing Island Copper Deposit on the north end of Vancouver Island. The
deposit 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.
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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
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
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.