Business
NorthWest Copper Announces Additional High-Grade Cu-Au Porphyry Results From Multiple Holes at Kwanika Including 100.5 Metres of 1.91% CuEq and 71.90 Metres of 2.64% CuEq
VANCOUVER, British Columbia, Nov. 16, 2021 (GLOBE NEWSWIRE) -- NorthWest Copper (“NorthWest” or “the Company”) (TSX-V: NWST) (OTCQX: NWCCF) is pleased to announ
About this update from Northwest Copper Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 16, 2021 (GLOBE NEWSWIRE) -- NorthWest Copper (“NorthWest” or “the Company”) (TSX-V: NWST) (OTCQX: NWCCF) is pleased to announce that drilling at Kwanika has encountered multiple intersections of high-grade copper-gold porphyry mineralization. These holes extend the high-grade part of Kwanika. All five holes have intercepts of greater than 1% copper equivalent mineralization and contain meaningful gold grades. These results reinforce the high-grade nature and continuity of this deposit. Highlights are presented below: K-21-210: 416.50 metres1 of 0.87% copper equivalent (“CuEq”)2 including 100.50m of 1.91% CuEq. K-21-216: 250.60 metres of 1.36% CuEq including 71.90m of 2.64% CuEq. K-21-218: 366.00 metres of 0.61% CuEq including 106.10m of 1.27% CuEq. These holes are a continuation of the Company’s angle hole drill program designed to expand and improve the high-grade part of the Kwanika resource3. These five holes are in the “Boot” target area which forms the conceptual block cave portion of the resource as defined by the 2019 resource shape. The holes are below and down plunge from the previously released 2021 near-surface drilling, which targeted the conceptual open pit defined in the 2019 study. “The Kwanika high-grade drill program continues to deliver exceptional results,” commented President and CEO Peter Bell. “The discovery of a new very high-grade style of mineralization in hole K-21-217 was really exciting for Kwanika exploration. This new batch of five holes is a reminder that the porphyry mineralization at Kwanika itself is characterized by very high grades. Every hole in this release has material thicknesses of greater than 1% copper equivalent demonstrating the wide distribution of high grades throughout the deposit. In addition, hole K-21-216 includes a significant thickness of material above 2.5% copper equivalent including a significant gold contribution.” Table 1: Significant Drill Results From This News Release Drill Hole From (m) To (m) Interval (m)¹ Cu (%) Au (g/t) Ag (g/t) CuEq² (%) K-21-206 294.40 655.20 360.80 0.49 0.43 1.5 0.81 incl. 456.10 506.20 50.10 0.98 1.29 2.6 1.93 K-21-210 263.50 680.00 416.50 0.44 0.57 1.6 0.87 incl. 263.50 494.00 230.50 0.70 0.84 2.3 1.33 or incl. 391.50 492.00 100.50 0.78 1.54 2.7 1.91 K-21-216 498.90 749.50 250.60 0.50 1.17 1.8 1.36 incl. 564...