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Ottawa Citizen

Northisle Commences 2025 Drilling and Field Program

Article content Northisle 2025 drill program on its North Island Project commenced on April 17 from road-based pads 789 metres completed as of April 27, 2025 Drilling will focus on the Northwest Corridor which includes the resources informing the higher margin Phase 1 of the Company's 2025 PEA Drilling commenced at the West Goodspeed target area and is intended to further expand the footprint of mineralization which is not currently included in a resource estimate Field work and drilling in the Northwest Expo area will focus on identifying the intrusive associated with high-grade gold mineralization in this segment of the belt Surface mapping, soil and stream sediment sampling, and geophysical analysis are also being conducted in the Northwest Corridor in addition to drilling Integration and modelling of over 60 years of property-wide exploration data is underway to apply the successful Northwest Corridor targeting approach across similar anomalies throughout the property Article content Article content VANCOUVER, British Columbia — Northisle Copper and Gold Inc. (TSX-V: NCX) ('Northisle' or the 'Company') is pleased to announce that it has commenced its 2025 exploration program at the North Island Project. The 2025 exploration program will consist of at least 7,000 metres of drilling focused on the West Goodspeed and Northwest Expo targets, plus an extensive field program which will leverage the Company's exploration data to identify additional targets along its 100% controlled North Island copper-gold porphyry belt. Article content Sam Lee, President & CEO stated 'Since 2021, Northisle has advanced the highly prospective Northwest Corridor with three successful phases of drilling, moving from a discovery hole at Northwest Expo in Phase I, to the discovery of West Goodspeed in Phase II, to defining a high margin resource at Northwest Expo and advancing West Goodspeed drilling in Phase III. We are pleased to have commenced our Phase IV drilling program with a focus on advancing a maiden resource at West Goodspeed and finding the intrusive at Northwest Expo. Northisle is in the envious position of having highly compelling exploration potential and an economically attractive development project, all within the same project footprint.' Article content Dr. Pablo Mejia Herrera, Vice President Exploration of Northisle added, 'In 2025, our exploration team will continue advancing our understanding of this district-scale project. Integration and modelling of more than 60 years of property-wide exploration data is underway to apply the successful Northwest Corridor targeting approach across our 35-kilometre district.' Article content Key Exploration Milestones Article content In 2025, following the completion of the Company's successful 2025 Preliminary Economic Assessment on the North Island Project which demonstrated a 29% IRR, $2 billion NPV and 1.9 year payback for a C$1.1 billion capex 1, the Company's exploration focus will be on Phase IV Northern Corridor drilling program with the objective of increasing higher margin resources, finding the causative intrusion associated with the high-grade gold mineralization at Northwest Expo, and expanding targeting efforts across the 35-kilometre porphyry district. Article content Additional details on development milestones will be shared later in 2025. Article content Key exploration milestones include the following: Article content Article content During 2025, the Company will continue to be active in investor outreach. Northisle will be attending several external investor events including the following events: Article content June 3 – 5, 2025: Mining Investment of the North, Quebec City, QC Summer 2025: Broker and Institutional Site Visits September 9 – 12, 2025: Precious Metals Summit, Beaver Creek, CO September 14 – 17, 2025: Mining Forum Americas, Colorado Springs, CO November 19 – 21, 2025: Swiss Mining Institute, Zurich, Switzerland Article content Figure 1 shows a map of the overall North Island Project including existing deposits and key prospects. Article content Drilling in 2025 will begin with in-fill and step-out holes at the West Goodspeed target, aiming to confirm the distribution of copper and gold mineralization previously outlined over more than one kilometre of strike length, oriented NNW–SSE. The in-fill and step-out drilling will complement the twelve holes previously drilled in the area, from which the most significant are GS24-07 2, which intersected 154.8 metres grading 0.23% Cu and 0.31 g/t Au (0.53% Cu Eq.) from 13.2 metres, and GS24-10 3, which returned 210.0 metres grading 0.23% Cu and 0.29 g/t Au (0.50% Cu Eq.) from 46.0 metres, including a higher-grade interval of 68.0 metres at 0.37% Cu and 0.58 g/t Au (0.86% Cu Eq.) from 110.0 metres. Article content Figure 2 shows drill holes completed by Northisle and previous operators at the Red Dog Deposit, West Goodspeed and Goodspeed areas overlaid on magnetic anomalies and local topography. Article content The 2025 program at West Goodspeed will include approximately 5,600 metres of drilling, comprising at least seven infill holes aimed at confirming higher-grade intercepts in the central portion of the West Goodspeed copper-gold mineralization, and a minimum of three step-out holes to test the extension of the mineralized trend along strike.