Northisle Copper and Gold Inc. (TSX-V: NCX) has announced that it has finalized its 2022 work plans for a new gold-rich zone at Northwest Expo, Vancouver. The company’s 2022 plan is to define a resource around the gold-rich mineralized porphyry zone measuring 480 by 360m with an average true width of 86m and a true width-weighted average grade of 0.98 g/t Au or 1.23g/t Au Eq.
Northisle expects to commence initial metallurgical immediately and will be incorporated in updated trade off studies that will consider the impact of Northwest Expo on the currently defined North Island Project, where a PEA completed during 2021 indicated a preliminary after-tax NPV (8%) of C$1.1B based on a US$3.25/lb copper price and a US$1,650/oz gold price.
Sam Lee, President & CEO of Northisle stated “The gold-rich zone at Northwest Expo is very exciting as it opens the possibilities for improving the economics on an already large and robust project. The fact that it is only 3.5km away from the company’s Red Dog deposit and that the gold-rich mineralization is open at depth and along strike makes Northwest Expo our top exploration priority for 2022. The goal for this year is to be able to include the gold-rich zone at Northwest Expo in the project’s mineral inventory at an exploration cost below $5/oz gold equivalent. In parallel, we will advance metallurgical and trade-off studies to assess the potential advantages that this higher-grade gold zone may bring to our project.”
For further information please visit: https://www.northisle.ca/
