Multiple drill targets were identified at each of the survey areas which augment previous work and demonstrate attractive opportunities for further exploration during the 2023 field season and beyond. Of particular interest, the geophysical survey completed by Simcoe Geoscience in the
Summary of Results
The fall 2022 program included approximately 55 line-kilometers of wireless ground induced polarization and magnetic surveys covering the
This reinterpretation is a result of the integration of the results of Northisle's work with a previously confidential report completed by researchers from
As a result, Northisle specified a target area for geophysics (see Figure 3), which was anticipated to help identified the key subsurface structures which might support the overall thesis. The completed survey included a total of 23.55 line-kilometers covering an area of 4.4 km by 2.2 km.
Fifteen preliminary targets have been defined by coincident high IP chargeability and magnetic susceptibility within or adjacent to the mapped quartz-white mica-pyrite alteration zone, of which five have been selected as near-term priority targets which will be permitted for work during 2023. The holes are planned to be oriented to drill through the high chargeability anomalies into the magnetic anomalies which are considered to be the most likely host of potential mineralization in the porphyry system.
Northwest Expo
At Northwest Expo (see Figure 5), the geophysical survey totaled 11.1 line-kilometres covering an area of 2.6 km by 1.0 km northeast of the Zone 1 area where Northisle carried out drilling in 2021 and identified a gold-enriched zone which is interpreted to be a portion of a larger porphyry system.
Fifteen preliminary targets have been defined by coincident high IP chargeability and magnetic susceptibility within or adjacent to the mapped quartz-white mica-pyrite alteration zone, of which five have been selected as near-term priority targets which will be permitted for work during 2023. The holes are planned to be oriented to drill through the high chargeability anomalies into the magnetic anomalies which are considered to be the most likely host of potential mineralization in the porphyry system.
Northwest Expo
At Northwest Expo (see Figure 5), the geophysical survey totaled 11.1 line-kilometres covering an area of 2.6 km by 1.0 km northeast of the Zone 1 area where Northisle carried out drilling in 2021 and identified a gold-enriched zone which is interpreted to be a portion of a larger porphyry system.
The results of that survey (Figure 11) showed coincident chargeability and magnetic anomalies in the area of the coincident soil geochemical anomalies noted above. Previous drill holes, including Northisle's 2021 drill hole RD21-02, were either drilled away from the coincident geophysical anomalies, were too short or did not penetrate overburden.
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The forward-looking statements contained in this news release represent the expectations of management of Northisle as of the date of this news release, and, accordingly, are subject to change after such date. Northisle does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
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