NorthIsle Copper and Gold Inc. is exploring the Hushamu copper-gold porphyry deposit on northern Vancouver Island. The deposit contains an initial NI 43-101 indicated resource of 1.4 billion pounds of copper and 2.8 million ounces of gold. Recent exploration has extended the deposit and identified additional anomalies through IP surveys. NorthIsle plans further resource drilling, engineering studies, and environmental baselines studies to advance the project in 2013.
1. January 2013
VANCOUVER ISLAND
COMPANY OVERVIEW PROJECT OVERVIEW Based on Technical Report: Oct 2011
NorthIsle Copper and Gold Inc. (“Northisle”) is a Vancouver
OWNERSHIP 100% *
based junior resource company committed to the exploration and
development of the Hushamu deposit on Northern Vancouver DEPOSIT TYPE Porphyry
Island. The Hushamu deposit is approximately 40 kilometres PRIMARY METALS Gold, copper, molybdenum and rhenium
southwest of Port Hardy. In addition to the Hushamu deposit the
38K hectare property also contains a number of partially explored Vancouver Island, 40 km west of Port
LOCATION Hardy, British Columbia and 29 km from
copper-gold porphyry systems.
infrastructure
Northisle was created to facilitate a plan of arrangement initiated
INFRASTRUCTURE Tide water port & high voltage power available
by Western Copper Corporation. The shares of Northisle were
listed for trading on the TSX Venture Exchange [symbol NCX] on STATUS Exploration program initiated August 2011
October 24, 2011. *Portion of project subject to 10% NPI after capital recovery
MANAGEMENT AND DIRECTORS
2012 - 2013 EXPLORATION PROGRAMS
Dale Corman, B.Sc, P.Eng, Chairman
Forty years experience as a senior corporate officer of publicly • Updating the resource model of the Hushamu Deposit.
listed companies. Extensive expertise in mineral exploration and (Completed)
development, financing, property evaluation and acquisition.
• Test for extensions of Hushamu with 4,000m of drilling.
Jack McClintock, MBA, P.Eng Director, President and CEO (Completed)
Thirty years of experience in all facets of the mineral exploration
business. Formerly Exploration Manager with BHP Billiton. • 70 km of Induced Polarization. (Completed)
• Preliminary Engineering studies (Underway)
David M Douglas, CA Director and CFO
Chartered Accountant with over 30 years of experience in the • Baseline Environmental studies (Underway)
accounting, corporate finance, and mining industries.
Larry Okada, B.A., CA RECENT EXPLORATION RESULTS
Chris Theodoropoulos, LL.B Director • Initial NI 43 - 101 resource estimate completed
• The IP Survey carried out on the eastern Rupert Block
HISTORY located two IP chargeability anomalies.
The Hushamu deposit was discovered in the early 1970s • The deposit remains open to the northwest, as a recent
by BHP/Utah. Work by Utah and later Moraga outlined the
Hushamu deposit and a number of partially explored copper- IP survey located a chargeability anomaly extending
gold porphyry systems. northwesterly for 2km from the deposit.
In 2011 the Hushamu project was acquired through a plan of
arrangement from Western Copper Corporation. HUSHAMU MINERAL RESOURCE
Indicated Resources:
SHARE STRUCTURE Copper: 1.4 Billion lb Gold: 2.8 Million oz Molybdenum: 65.7 Million lb
As of January 8, 2013 Resource Grade Contained Metal
Re
Shares Outstanding 57,137,983 Tonnes Copper Gold Mo Re Cu Eq Copper Gold Mo
Kg x
(x1000) % g/t % ppm % B lb M oz M lb
1000
Options Outstanding 3,809,334
Indicated 304,000 0.21 0.29 .010 0.55 0.45 1.4 2.8 65.7 167.4
Warrants 2,696,320
Inferred 205,600 0.18 0.26 .008 0.38 0.39 0.8 1.7 34.9 78.1
Fully Diluted Shares 63,638,637
** Copper equivalent calculated using US$2.50/lb Cu, US$1100/oz Au and US$14.00/lb Mo and is not
Cash CAD $ 550 K adjusted for mining and metallurgical recoveries as these remain uncertain.
Copper cutoff at 0.3% CuEq
Rhenium values have not been used in the cutoff grade or Cu Equivalent calculations
TSXV: NCX Phone: 604.638.2515 Katie Gallagher, B.Com
www.northisle.ca Email: info@northisle.ca Manager Investor Relations
kgallagher@northisle.ca
CAUTIONARY NOTES
Statements contained herein that are not historical fact are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements
are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. For US Investors: SEC guidelines strictly prohibit U.S. registered companies from
including certain terms, such as “measured”, “indicated”, “inferred”, and “resources”, in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in the Company’s Form 20-F.