In addition, the Company has received a 5-year area-based exploration permit covering its
Northwest Expo 2023 Phase One Preliminary Results
Northisle has completed a total of 8 holes for a total of 4,188m in its 2023 Phase One program at Northwest Expo. These holes were drilled with the objective of defining a preliminary resource in the gold-enriched copper porphyry mineralization found in Zone 1 occurring in silica-clay-pyrite ('SCP') and altered Jurassic Bonanza Formation andesitic volcanoclastic rocks.
Based on visual interpretation, drilling has intercepted SCP and/or chlorite-magnetite alteration zones in holes NW23-09 to NW23-15, which were drilled on a grid designed to in-fill and step out from historical and 2022 drilling in Zone 1.
In addition, a large step out to the west was also completed in NW23-16 where a 102m intercept of silica-clay-pyrite alteration was logged in this distal zone.
Samples from all 8 holes have been submitted for analysis and the last hole's results are anticipated by early October.
Drilling at Goodspeed Completed
Following the completion of the Phase 1 program at
2023 Catalysts
In January, Northisle announced several key catalysts for 2023. We have continued to make progress against our milestones and are on track for the remaining items for this year.
COMPLETED - Results from Fall 2022 surface exploration program including geophysics, mapping and sampling
COMPLETED - Advancement of
COMPLETED - Signed agreement with Tlatlasikwala First Nation in addition to existing Quatsino First Nation agreement
COMPLETED - Northwest Expo resource definition drilling targeting gold-enriched Zone 1
COMPLETED -
Q3 2023 - Commence Phase II fully funded drill program
Q4 2023 -
ONGOING - Metallurgical testing results
ONGOING - Continued progress on relationships with indigenous rightsholders and local stakeholders
UPCOMING INVESTOR RELATIONS EVENTS
During the fall, the Company will continue to be very active in reaching out to new and existing investors via virtual and in-person channels. The Company has also recently concluded several site visits to the
Northisle is finalizing a new investor relations website. Keep an eye on our social media for the announcement of the new website. You can follow us on X(formerly Twitter), LinkedIn, Facebook or on YouTube.
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 or 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.
Contact:
Tel: 1-604-638-2515
Fax: 1-604-669-2926
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