VANCOUVER — NorthIsle Copper and Gold (TSX: NCX; US-OTC: NTCPF) has outlined a maiden mine plan for its wholly owned North Island copper-gold project near the town of Port Hardy, B.C.
The company’s preliminary economic assessment (PEA) marks the first publicly released engineering study on the historic Hushamu and Red Dog deposits, which were discovered during an exploration push in the mid-1960s.
The project totals around 330 km2, due northwest of BHP Billiton’s (NYSE: BHP; LON: BLT) reclaimed Island Copper mine. NorthIsle’s titles cover most of a Mesozoic age geological district that reportedly “hosts a number of porphyry copper and gold occurrences.”
The North Island report models a 75,000-tonnes-per-day operation, which would annually produce 82 million lb of copper, 79,000 oz. of gold, and 3 million lb. of molybdenum.
Continue reading at The Northern Miner.