Northisle Identifies Two IP Anomalies on Its Rupert Claim Block
26.01.2012 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - Jan. 26, 2012) - Northisle Copper and Gold Inc. (TSX VENTURE: NCX) ("Northisle" or the "Company") is pleased to announce that the Induced Polarization Survey (IP Survey) carried out on the eastern Rupert Block of the Island Copper Project has located two induced polarization chargeability anomalies (as defined by greater than 3 times background (>15mV/V)) in areas of extensive glacial sedimentary cover. The Rupert Block is located approximately 40 kilometres from the Hushamu Deposit where the Company has recently begun a 4,000m drill program and 10km from the Island Copper Mine site.The first anomaly is 800 metres wide, remains open to the west, and is 300m wide on the closest line located 1,000m to the east. Historical drill holes located on the far northern flank of this anomaly intersected silicified, chloritically and pyrite altered volcanic rocks. The second anomaly occurs on three lines spaced one kilometre apart and remains open to the north on all of the lines.
The IP Survey on the Rupert Block represents approximately 25% of the full program of IP Survey designed to evaluate previously untested magnetic anomalies covered by recent glacial deposits. The remainder of the IP Survey will be completed once weather conditions permit.
Jack McClintock, President and CEO of Northisle, commented, "The discovery of two untested IP anomalies associated with magnetic anomalies and nearby altered rocks that are often found on the fringes of porphyry copper deposits is very encouraging. Further IP surveying and drill testing is clearly warranted."
To view the Figure associated with this release, visit:
http://media3.marketwire.com/docs/ncx126_F1.pdf.
About Northisle
Northisle is a Vancouver-based junior resource company committed to the exploration and development of the Island Copper-Gold Project on Northern Vancouver Island. The Island Copper-Gold Project is situated approximately 15-40 kilometres southwest of Port Hardy and contains the Hushamu Deposit and five other partially explored copper-gold porphyry occurrences. A $1.5 million exploration program at the Island Copper-Gold Project was initiated in August 2011.
Jack McClintock, P.Eng, is the qualified person responsible for the technical content of this press release.
For more information on Northisle and the Hushamu Deposit please visit the Company's website at www.northisle.ca.
On behalf of Northisle Copper and Gold Inc.
John McClintock
President, CEO and Director
This press 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information
Northisle Copper and Gold Inc.
John McClintock
President, CEO and Director
604-638-2515
604-669-2926 (FAX)
info@northisle.ca
www.northisle.ca