VANCOUVER, British Columbia, April 11, 2022--(BUSINESS WIRE)--Northisle Copper and Gold Inc. (TSX-V: NCX) ("Northisle" or the "Company") is pleased to announce the appointment of Ian Chang as Vice President Project Development, effective April 19, 2022.
Sam Lee, President & CEO of Northisle commented: "I am very pleased to welcome Ian to the executive team at Northisle. Ian is an experienced mine developer and brings a wealth of BC project experience, including the successful advancement of the Brucejack Project through a positive construction decision and favourable environmental assessment. Ian’s experience complements our existing team and positions us to successfully execute on our development plans. Attracting an engineer with Ian’s experience is another endorsement of the developability of the North Island Project."
Ian Chang added: "I am very excited to join the team at Northisle and work to accelerate the development of the North Island Project. This is one of the most developable copper projects in the world, with excellent infrastructure, straightforward metallurgy, and great technical optionality, especially with the recent identification of the Northwest Expo target as a high priority for development of a resource. I look forward to working closely with the team and our host First Nations to create lasting value."
Ian is an experienced mining executive with more than 35 years experience working on high profile mining projects around the world. As a Professional Engineer, he has led extensive project studies with an approach that emphasizes the integration of project engineering and environmental assessments with feedback from First Nations, local communities and key project stakeholders. Most recently, Ian was Vice President, Projects for Orezone Gold Corporation, where he jointly led the company’s development and construction efforts at its Bomboré Gold Project. Previously, Ian has held leadership roles with Lion One Metals, Pretium Resources, Fluor Canada, Emgold and AMEC. His career highlights include responsibility for executive and technical leadership of numerous open pit and underground base and precious metal mining projects, including Bomboré, Brucejack, Tuvatu, Musselwhite, Long Harbour, Sulfolix and multiple other major mining projects.
The Company has approved the grant of 200,000 stock options. In accordance with the Company’s employee stock option plan, the options will have a 5 year term and will allow the holder to purchase common shares of the Company at a price of $0.40, which is the closing price of the Company’s shares on the TSX-V on April 8, 2022. The options will vest one third per year over a three year period.
Northisle Copper and Gold Inc. is a Vancouver-based company whose mission is to become a leading and sustainable mineral resource company for the future. Northisle owns the North Island Project, which is one of the most promising copper and gold porphyry deposits in Canada. The North Island Project is located near Port Hardy, British Columbia on a more than 33,000-hectare block of mineral titles 100% owned by Northisle stretching 50 kilometres northwest from the now closed Island Copper Mine operated by BHP Billiton. Northisle recently completed an updated preliminary economic assessment for the North Island Project and is now focused on advancement of the project through a prefeasibility study while continuing exploration within this highly prospective land package.
For more information on Northisle please visit the Company’s website at www.northisle.ca.
Cautionary Statements regarding Forward-Looking Information
Certain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "intend" and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements relating to anticipated 2022 activities, the Company’s plans for advancement of the North Island Project, including the potential use of existing infrastructure, expectations regarding the 2021 or 2022 exploration programs; the Company’s plans for engagement with Indigenous nations, communities and key stakeholders, and the Company’s anticipated exploration activities. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, Northisle’s ability to implement its business strategies; risks associated with mineral exploration and production; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and other risks. Readers are cautioned that the foregoing list is not exhaustive.
Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this news release represent the expectations of management of Northisle as of the date of this news release, and, accordingly, are subject to change after such date. Northisle does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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On behalf of Northisle Copper and Gold Inc.