Northisle Copper and Gold Appoints Sam Lee as President and CEO
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Northisle Copper and Gold has appointed Sam Lee as president and chief executive officer. John McClintock has resigned as president and CEO and will continue with the company as vice president, Exploration.
Over the past 20 years Sam Lee has advised on some of the most prominent M&A, equity, and debt transactions in the international and Canadian global mining industry totalling over $100 billion in value. During this period, he has worked in major resource markets including Toronto, Sydney, and Vancouver where he led various strategic initiatives for CIBC World Markets. Most recently he was managing director and head of CIBC’s Vancouver Mining Group. Lee holds a Bachelor of Applied Science, Faculty of Engineering, from the University of Toronto, was a graduate of the Lassonde Mineral Engineering program, and is a CFA charter holder. He also serves on the board of directors of the Vancouver Symphony Orchestra and the Vancouver Symphony School of Music.
“I am delighted to welcome Sam to Northisle at this pivotal juncture in the company’s strategic plan. Sam’s proven success and extensive experience in the global resource industry and capital markets makes him exceptionally qualified to lead us through the next phase of our growth. He is recognized as being highly principled, tenacious, and a thought leader. I look forward to working with Sam in building the leading, globally sustainable mineral resource company,” said Dale Corman, chairman of Northisle.
“I would also like to sincerely thank Jack McClintock for his leadership and exceptional work on modeling and demonstrating the enormous exploration potential of the North Island Project over the past nine years. With a positive preliminary metallurgical test result on Red Dog, we have completed our technical work and are now in a position to update the preliminary economic assessment (PEA) to reflect the upside potential related to the expected higher gold and copper recovery rates, inclusion of silver and rhenium metal recovery at Red Dog and Hushamu deposits as well as the higher metal prices,” added Corman.
“I am pleased to have this opportunity to help grow Northisle into a leading mineral resource company whose aim is to benefit all stakeholders and to work closely with its community partners in achieving common goals. When looking at sustainable development opportunities globally, one rarely comes across the trifecta of asset characteristics that are present at Northisle. Specifically, the project has a large defined resource base, an attractive PEA with tangible upside potential, and is located near a historical mining community with exceptional access to clean power, skilled labor, and existing infrastructure,” said Sam Lee.
“I feel privileged to be working with Dale who successfully developed and then sold Penasquito to Glamis (now Newmont) for $1.2 billion, and Jack who received recognition as PDAC Prospector of the Year for the discovery of the Spence Deposit now owned by BHP. I look forward to working with both in realizing our collective vision,” added Lee.
“I welcome Sam to the team and look forward to accelerating our exploration program on our highly prospective land package. I am proud of what we have accomplished successfully progressing the project through to PEA optimization and identifying significant upside potential,” said Jack McClintock.
About NorthIsle Copper and Gold
NorthIsle Copper and Gold Inc. is a Vancouver based junior resource company committed to the development of the North Island Project on Northern Vancouver Island. The North Island Project is a 38,000 hectare block of mineral titles 100 percent owned by NorthIsle stretching northwest from the now closed Island Copper Mine of BHP Billiton, which is located 10 km south of Port Hardy.
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