Northisle Copper and Gold map photo

Northisle Copper and Gold map photo

Northisle Copper and Gold approves $1 million budget for development activities

Engagement will include continued dialogue with First Nations

Northisle Copper and Gold Inc. (Northisle) issued an update on its corporate and project development activities.

Northisle has commenced key critical path work activities amounting to approximately $1 million, which supports the immediate advancement of the North Island Project pre-feasibility study and permitting activities. The company also announced the appointment of Robin Tolbert as Vice President, Exploration, succeeding Jack McClintock who will remain as a Strategic Advisor to the Company. In addition, Northisle is pleased to confirm that Nicholas Van Dyk will be appointed Chief Financial Officer effective September 1, 2021, succeeding David Douglas, who will remain the Company’s Corporate Secretary.

Sam Lee, President and CEO of Northisle, noted in a statement that he is “very pleased to be able to share our development plans with investors, which include concrete, near-term goals to reduce risk and demonstrate additional project value. Our goal is to rapidly advance the North Island Project which represents an economically compelling, developable project with extensive existing infrastructure and is well positioned to be BC’s next copper mine. In support of this focus, we continue to add to our team and capabilities. I am very excited to have Robin join the company, and his extensive experience with porphyry exploration, as well as management of large-scale drill programs will be invaluable. I am also pleased to confirm Nicholas’ appointment to this expanded role with the Company. Nicholas has demonstrated a deep knowledge of technical, financial, and sustainability best practices and I am confident that he will continue to excel in his new role. I would like to sincerely thank Jack and Dave for their dedication to Northisle over the past 10 years and look forward to their continued contributions in their new roles.”

Project Development

Northisle has approved an approximately $1 million budget to support critical path project development activities including First Nations engagement, permitting advancement work and metallurgical testing.

Engagement will include continued dialogue with First Nations regarding project involvement opportunities as well as assessing information requirements and community development goals to inform future study and permitting work. The near-term permitting advancement work includes meteorological, hydrological and geochemical investigations, the outcomes of which will contribute to the initial baseline data set and simultaneously address information requirements for a pre-feasibility study (“PFS”) on the North Island Project. The planning and design for a full suite of baseline study programs is included in the approved budget and will occur in the later part of the year. Metallurgical testing will be focused primarily on opportunities to improve gold recoveries, as well as grind size optimization and other critical evaluations in support of PFS requirements. Northisle will also initiate the tendering process for key pre-feasibility study consultants.

About Northisle

Northisle Copper and Gold Inc. is a Vancouver based company whose mission is to become a leading and sustainable mineral resource company for the future. Northisle owns the North Island Project, which is one of the most promising copper and gold porphyry deposits in Canada. The North Island Project is located near Port Hardy, British Columbia on a 33,149-hectare block of mineral titles 100 per cent owned by Northisle stretching 50 kilometres northwest from the now closed Island Copper Mine operated by BHP Billiton. Northisle recently completed an updated preliminary economic assessment for the North Island Project and is now focused on the advancement of the project through a pre-feasibility study.

For more information on Northisle please visit the Company’s website at www.northisle.ca.


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