Red Dog

Project Details

Red Dog

The Red Dog property is entirely enclosed within NorthIsle’s 100% owned claims. It was acquired by option for its potential to provide higher grade mineralization to a mining operation in the Hushamu area.

The Red Dog Property hosts a current indicated resource of 23.6 million tonnes grading 0.32% Cu and 0.46 gpt gold associated with a quartz breccia developed adjacent to a quartz feldspar porphyry intrusion.

RED DOG INDICATED MINERAL RESOURCE – TONNES & GRADE

Cut-off (%Cu) Tonnes %Cu ppm Au %Mo
0.10 54,490,000 0.22 0.31 0.004
0.15 36,568,000 0.27 0.38 0.005
0.20 23,633,000 0.32 0.46 0.007
0.25 15,553,000 0.38 0.54 0.008
0.30 11,042,000 0.42 0.60 0.009

RED DOG INFERRED MINERAL RESOURCE – TONNES and GRADE

Cut-off (%Cu) Tonnes %Cu ppm Au %Mo
0.10 2,979,000 0.17 0.25 0.002
0.15 1,774,000 0.20 0.30 0.003
0.20 848,000 0.23 0.33 0.003
0.25 107,000 0.28 0.36 0.007
0.30 27,000 0.33 0.39 0.00

A large area of high level advanced argillic alteration measuring over a km in diameter occurs south of the quartz breccias and shallow drill holes into this high level alteration show increasing copper and gold grades with depth. A potential for a deeply buried younger porphyry copper – gold system exists at depth.

reddogalterationmap2

The importance of the Red Dog resource is its close proximity to the Hushamu Deposit (approximately 8 km). making it a potential source of higher grade feed should subsequent engineering studies show the Hushamu deposit to be economically viable. The reader is cautioned that insufficient engineering studies have been completed on either the Red Dog deposit or the Hushamu deposit to determine the economic viability of mining.

The Red Dog Property was acquired by option from William Botel and Tanya Veerman in late January 2015. Under the terms of the option NorthIsle has the right to earn a 100% interest in the property subject to a 3% NSR of which 2% can be purchased for $1 million per each percent. The principal terms of the option are:

Date Payment Work
January 31, 2015 200,000 shares
January 31, 2016 $15,000 $25,000
January 31, 2017 $20,000 $100,000
January 31,2018 $25,000 $250,000
Total $60,000 $350,000

Current Work Program

Currently, Northisle is carrying out a Preliminary Economic Evaluation incorporating the current Red Dog Resource and the Hushamu deposits.

Other projects

Hushamu

Pemberton Hills

NW Expo