By Grant Warkentin
A copper and gold mine project on the North Island highlighted earlier this year by the provincial government has been busy with site visits this past month.
“Investor interest in Northisle continues to build, especially since publishing our updated Mineral Resource Estimate a few weeks ago,” says a recent social media post from Northisle Copper and Gold Inc. “With a favourable commodity price environment for both copper and gold, it is an exciting time to be advancing one of Canada’s most significant copper-gold development projects.”
On August 6, the company announced it had increased its estimates for the amount of potential copper and gold at its properties, which include the old Island Copper site, once home to one of the largest copper mines in Canada.
“This integrated resource update represents another important milestone for Northisle and is a critical step towards the completion of the North Island Project PFS [pre-feasibility study],” said Chairman Alex Davidson in a news release announcing updated resource estimates. “With 10.1 billion pounds of copper equivalent or 16.2 million ounces of gold equivalent contained in Indicated Resources, the 2026 Resource Estimate is finally beginning to tell the story of the district-scale potential of the North Island Project.”
The site has been hosting visitors this month since the revised estimates.
“Site visits provide an opportunity to see what differentiates the North Island Project first hand: existing infrastructure, a district-scale land package, exploration upside, and the ongoing work to systematically de-risk project development,” says the company’s social media post. “We appreciate the continued interest and look forward to welcoming more visitors to northern Vancouver Island.”
The company says it’s hoping to do a pre-feasibility study in the first quarter of next year.
Leave a Reply