Northisle Copper and Gold Inc. is pleased to announce that drilling at the Company's 100% owned North Island Copper-Gold Project on Vancouver Island in British Columbia has started.
2014 Exploration Plans
With the successful completion of a private placement in July 2014 (see July 7, 2014 news release) exploration plans for 2014 include 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 NW in the area of the IP anomaly, although there is no assurance that such mineralization will be found.
Financial Public Relations Service Agreement
Northisle has engaged Mr. Reg Advocaat to provide investor relations and capital markets advisory services. Mr. Advocaat has spent the past 20 years working with various public companies in the roles of Financial Public Relations and Corporate Development and was previously engaged by Northisle from February 2013 to August 2013. He will assist with the creation and implementation of Northisle's investor relation plan while introducing Northisle to private investors, analysts, brokers, and other financial professionals. The agreement with Mr. Advocaat is subject to TSX Venture Exchange approval.
Mr. Advocaat has been engaged on a month-by-month basis at a monthly fee of $5,000 and will be granted a stock option to purchase up to 250,000 common shares of Northisle for a period of five years at a price of $0.05 per share. The options will vest over two years in accordance with the Company's stock option plan and the policies of the TSX Venture Exchange.
Source: http://www.northisle.ca