Northisle Copper and Gold will commence the drill program at the Hushamu deposit in January. The company’s recent exploration included re-examination of geology and logging of the previous core again.
This exploration has demonstrated that the Hushamu deposit stays exposed towards the northern and southern part. The proposed campaign will analyze for mineralized expansions in these directions for around 4,000 m.
During the 1970s and 1980s, the drilling program was conducted on the Hushamu porphyry deposit and it has historical resource of gold and copper along with partial assay results that demonstrated the occurrence of a considerable amount of rhenium and molybdenum. In order to bring the Hushamu resource to its present status, the company is updating the resource. Besides the alteration of the geological model, the company will examine the historical core for rhenium and for molybdenum where rhenium is absent, which will be a part of the updated resource calculation.
This deposit is highly advanced among the six prominent porphyry occurrences containing gold, molybdenum and copper at the Island gold-copper project. The company partially completed induced polarization surveys on these occurrences during late 2011 and these surveys will commence again in March if the weather conditions are good.
Source: http://www.northisle.ca/