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As of 2:18 PM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

northisle copper & gold inc (NCX) Snapshot

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09/2/14 - C$0.10
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Market Cap
2.6M
Average Volume 10 Days
104.9K
EPS TTM
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Shares Outstanding
73.0M
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northisle copper & gold inc (NCX) Details

Northisle Copper and Gold Inc., a junior resource company, engages in the exploration and development of mineral properties in Canada. The company explores for gold, copper, molybdenum, and rhenium metals. Its principal property consists of the North Island Project that comprises approximately 300 mineral claims and is located to the northwest of Vancouver, British Columbia. The company is headquartered in Vancouver, Canada. Northisle Copper and Gold Inc. is a subsidiary of Western Copper Corporation.

northisle copper & gold inc (NCX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$109.4K
Chief Financial Officer, Corporate Secretary ...
Total Annual Compensation: C$86.4K
Compensation as of Fiscal Year 2013.

northisle copper & gold inc (NCX) Key Developments

Northisle Copper and Gold Inc. Announces Completion of Drilling at the Hushamu Deposit

Northisle Copper and Gold Inc. announced the completion of drilling at the Hushamu Deposit. A drill program consisting of five holes totaling approximately 1,800 metres has been completed at the company's North Island Copper-Gold Project. All holes were angle holes drilled to the south west. The inclination of holes H14-01 through H14-04 was -50 degrees. Hole H14-05 was drilled at -60 degrees. Drill hole H14-05 tested a gap in the grid of drill holes defining the Hushamu deposit. It was expected to cut mineralization close to the average grade of the deposit based on the surrounding drill holes. The results in H14-05 are higher than expected and extend over the entire length of the hole. Drill Holes H14-01 to H14-03 tested a 900 m length of the northern flank of an Induced Polarization Survey (IP Survey) extending for 1500 metres northwest of the previously supposed edge of the deposit. Drill hole H14-01 and H14 -03 show that significant mineralization extends for at least 700 metres to the northwest beyond the currently defined limits of the Hushamu deposit. Both holes, which are 300 m apart, encountered numerous fault zones including ones that terminate the copper mineralization at depth. Drill hole H14-02 drilled approximately 200 metres northwest of H14-01 and 900 metres northwest of the current limit of the Hushamu Deposit intersected late mineralization intrusive rocks. The IP chargeability anomaly extends for a further 600 metres beyond H14 -02 and remains untested.

Northisle Copper and Gold Inc. Announces Step-Out Hole Intersects Copper Mineralization 700 Metres Northwest of Hushamu Deposit

Northisle Copper and Gold Inc. announced the results of the first two of four holes completed on the Induced Polarization (IP) Survey extending for 1500 metres northwest of the Hushamu deposit. The first hole, located 700 metre northwest of the current boundary of the Hushamu Deposit intersected 0.12% copper, 0.002% molybdenum and 0.12 gpt rhenium over a core length of 63 metres from a depth of 43 to 103 metres. No significant gold is present in the interval. The hole was an angle hole drilled at -50 degrees to the southwest and was planned to cross cut the trend of the IP chargeability anomaly. The hole encountered numerous fault zones including one that terminates the copper mineralization at depth. A second hole drilled approximately 200 metres northwest of the initial hole intersected late mineralization intrusive rocks and had no significant values. Results from drill holes three and four should be available shortly. Analysis of core samples was carried out at ALS Group's North Vancouver facility. Gold analysis was by fire assay methods with atomic absorption finish. Analysis for copper, molybdenum and rhenium was by aqua regia digestion with ICP finish. QA /QC included insertion of standards and blanks in to the sample stream and duplicate samples on quartered core. A drill program consisting of five holes totaling approximately 1,800 metres was recently completed at the company's North Island Copper-Gold Project. The program included the drilling of an untested Induced Polarization (IP) anomaly extending for 1.5km from the deposit to the northwest. Grade contours and faulting in the core suggests the northern half of the deposit displaced to the NW in the area of the IP anomaly.

Northisle Copper and Gold Inc. Provides Update on North Island Copper-Gold Project

Northisle Copper and Gold Inc. provided an update on the fall drilling program at the Company's 100% owned North Island Copper-Gold Project on Vancouver Island in British Columbia. A drill program consisting of four to five holes totaling approximately 1,800 metres was initiated at the Company's North Island Copper-Gold Project on August 15, 2014. The program includes the drilling of an untested Induced Polarization anomaly extending for 1.5km from the deposit to the northwest. Grade contours and faulting in core suggests the northern half of the deposit displaced to the north-west in the area of the IP anomaly, although there is no assurance that such mineralization will be found. The first hole testing the IP anomaly NW of the Hushamu deposit has been completed with the core logged and shipped to the ALSGlobal's Vancouver laboratory for analysis. The drill is now at the site of the second hole. The North 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.

 

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