BRITISH COLUMBIA – Northisle Copper and Gold
of Vancouver has released the maiden 43-101 resource for its Red Dog copper-gold deposit on Vancouver Island. Using a base case cut-off grade of 0.20% Cu, the deposit contains an indicated resource of 23.6 million tonnes grading 0.32% Cu and 0.46 g/t Au. At the same cut-off the inferred resource is 848,000 tonnes grading 0.23% Cu and 0.30 g/t Au.
Northisle used historical data for the resource calculation. The deposit was drilled by Utah Mines in the early 1980s and by Moraga and Crew Resources in the early 1990s. Four of the old holes were verified by redrilling.
The Red Dog deposit is only 10 km by road from the company’s Hushamu copper-gold deposit that has 304 million indicated tonnes grading 0.21% Cu and 0.29 g/t Au plus 205.6 million inferred tonnes at 0.18% Cu and 0.26 g/t Au. Northisle hopes to mine both deposits as a single project.
A plan and section for the Red Dog deposit can be found on the Northisle website at www.Northisle.ca/north-island-project/photo-gallery/