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 54.5 million tonnes grading 0.22% Cu and 0.31 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.
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
Northisle recently completed a PEA which evaluated the joint development of the Red Dog and Hushamu deposits. Northisle is currently finalizing plans for 2021 drilling at Red Dog.