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NorthWest Copper Announces New High-Grade Drill Results at Kwanika
VANCOUVER, British Columbia, Sept. 09, 2021 (GLOBE NEWSWIRE) -- NorthWest Copper (“NorthWest” or “the Company”) (TSX-V: NWST) (OTCQX: NWCCF) is pleased to annou
About this update from Northwest Copper Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 09, 2021 (GLOBE NEWSWIRE) -- NorthWest Copper (“NorthWest” or “the Company”) (TSX-V: NWST) (OTCQX: NWCCF) is pleased to announce that assays have been received from the initial surface expansion and confirmation drilling at Kwanika. The results, with consistently high-grade intercepts starting at 25 to 36 metres downhole, support Kwanika as a unique high-grade porphyry copper-gold deposit and expand the near-surface footprint of potential open pit mineralization. Additional Kwanika results will follow for ongoing deeper drilling and step-out drilling. As a reminder our first East Niv drill program is also in progress. Additional assay results will be disclosed as results become available. Highlights are given below: Drillhole K-21-205 – 230.95m¹ at 0.99% CuEq² including 94.6m at 1.62% CuEQ Drillhole K-21-207 – 187m at 0.81% CuEq including 73.0m at 1.22% CuEQ Drillhole K-21-208 – 196m at 0.65% CuEq including 52.5m at 1.47% CuEQ Drillhole K-21-209 – 154.5m at 0.93% CuEq including 53m at 1.66% CuEQ Drillhole K-21-211 – 137.5m at 0.91% CuEq including 71m at 1.34% CuEQ The 2021 drill program at Kwanika was designed to expand and better define coherent zones of high grade Cu-Au mineralization and use this as a basis for an updated resource estimate and future economic study. Since the creation of NorthWest in March 2021 we have focussed on our high-grade Stardust deposit and on the high-grade portion of Kwanika. We delivered favourable Stardust metallurgy in April 2021 and an updated and expanded high-grade Stardust resource in May 2021. The current drill assay results enhance and expand the near-surface high-grade portion of Kwanika. These results, along with a set of deeper holes still to be released, will support an updated Kwanika resource planned for Q4 2021. Kwanika is unique not only in having a distinct and coherent high-grade zone of mineralization, but also by having it come close to the surface. The current near-surface results clearly support this. The assays from this drilling enhance the existing block model³. The holes extend high-grade mineralization into previously modelled lower grade zones and add confidence to the interpolated grade in other areas. Two of the holes are outside of the historic grade boundary. These two holes, K-21-207 and K-21-208, can be seen to interse...