Northisle Earns 100% Interest IN Red Dog Deposit
December 6, 2017 TSX Venture Exchange symbol: NCX
NORTHISLE EARNS 100% INTEREST IN RED DOG DEPOSIT
VANCOUVER, B.C. – NorthIsle Copper and Gold Inc. (“NorthIsle” or the “ Company”)
announces that it has completed its acquisition of a 100% interest in the Red Dog Property . A
3% NSR royalty , of which 2% can be purchased for $2 million , remains on the Red Dog
Property.
The Red Dog Deposit together with the Hushamu Deposit are part of NorthIsle’s North Island
Project. A Preliminary Economic Assessment Report (“PEA”) on the combined deposits was
filed on October 25, 2018.
PEA HIGHLIGHTS
After-tax NPV 8% of CAD $550.4 million, 14.3% IRR, 22-year mine life
Life of Mine (LOM) metal production of 1.8 billion pounds of copper, 1.7 million ounces of
gold and 55 million pounds of molybdenum
Annual production of 82 million pounds of copper, 79 thousand ounces of gold and 3
million pounds of molybdenum
Initial capital costs of CAD $1.34 billion plus sustaining capital of $139 million
Direct cash cost of production per pound of copper net of gold, molybdenum and pyrite
concentrate is CAD $1.17
COMPANY OVERVIEW
NorthIsle is a Vancouve r based junior resource company committed to the development of the
North Island Project on Northern Vancouver Island , a 33,149 -hectare block of mineral titles
100% owned by NorthIsle stretching 50 kilometres northwest from the now closed Island
Copper Mine of BHP Billiton, which is located 10 km south of Port Hardy. The North Island
Project contains the Hushamu and Red Dog Deposits and five other partially explored copper -
gold porphyry occurrences.
The technical information in this news release has been prepared in accordance with Canadian
regulatory requirements as set out in National Instrument 43 -101, and reviewed and approved
by the Company’s qualified person, John McClintock, P. Geo., President and CEO of NorthIsle
Copper and Gold Inc.
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 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 th e 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 fac tors materially change or
assumptions are materially incorrect, the actual results, performance or achievements of NorthIsle may be materially different from
any future results, performances or achievements expressed or implied by such forward -looking stat ements. 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.