Completion Of Phase 1 Drilling At Northwest Expo And Goodspeed Target

VANCOUVER - Northisle Copper and Gold Inc. has successfully concluded its phase one drill program at Northwest Expo and Goodspeed. In addition, the Company has received a 5-year area-based exploration permit covering its Pemberton Hills exploration targets on the North Island Project. Receipt of this permit, as well as the Northwest permit received earlier this year, followed a robust engagement process which included extensive information sharing and discussions with impacted First Nations in advance of and throughout the permitting process.

Robin Tolbert, Vice President Exploration, said, “We are pleased that our program at Northwest Expo has intercepted the anticipated alteration in multiple holes drilled in Zone 1, based on preliminary visual inspection of core. Our team is in the process of completing visual, x-ray fluorescence and spectroscopic analysis and several holes have already been sent for assay. We eagerly await the results in the coming weeks and will leverage these results to assist in the targeting of our second phase program. In addition, the presence of sulphides and anomalous copper at Goodspeed is encouraging.”

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.

Following the completion of the Phase 1 program at Northwest Expo Zone 1, the drill was moved to the Goodspeed target area, where five holes totalling 1,626m were drilled to test targets outlined by the interpretation of surface alteration mapping, historical drilling and induced polarization and magnetic geophysics surveys completed in 2022. These holes are currently being logged and sampled for assaying. Sulphides were visible in GS23-01, GS23-03, GS23-04 and GS23-05 and spot PXRF scans indicated anomalous copper values of up to 4,900 ppm. These values are encouraging and the results of assays will be reported once received.