NorthWest Copper Drills Discovery Hole at East Niv - Returning 0.56% CuEq Over 81.60 Metres Including 1.02% CuEq Over 14.80 Metres

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[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 08, 2021 (GLOBE NEWSWIRE) -- NorthWest Copper (“NorthWest” or “the Company”) (TSX-V: NWST) (OTCQX: NWCCF) is pleased to announce that it has drilled a new Cu-Au porphyry discovery at its 100% owned East Niv property. This is the first drill campaign to ever be conducted on the property, and results to date are highly encouraging. Highlights from the first four holes include the following: ENV-21-004: 81.60 metres1 of 0.56% copper equivalent (“CuEq”)2 including; 42.90 metres of 0.78% CuEq starting at 14.10 metres and including; 14.80 metres of 1.02% CuEq starting at 15.20 metres ENV-21-001: 72.30 metres of 0.25% CuEq starting at 7.65 metres including; 16.05 metres of 0.32 % CuEq starting at 50.80 metres Ten holes have been drilled on the property this year testing various geological, geochemical, and geophysical targets. Assay results have been received for the first four holes, with the remaining six holes pending. “A new discovery is extremely rare in any jurisdiction, but especially so in mature, well explored mineral belts,” says Peter Bell, President & CEO. “This new copper-gold system in the heart of B.C. porphyry country is incredibly exciting and significant. East Niv has been worked up from prospecting, mapping, geophysics, and geochemistry to drilling and discovery. Importantly this mineralization starts at surface. All four holes are mineralized and have intersected different parts of the system. We have a very large property position and are located close to infrastructure and only 40km from the Kemess project.” “Dave Moore and his team at Serengeti acquired and worked this target up from first principles and deserve clear recognition,” says Mark O’Dea, Chair. “The exploration team at NorthWest drill tested it for the first time and have successfully put a new porphyry system on the map. With a new discovery on our hands, our project pipeline in BC is emerging as second to none.”   1 True widths of the reported mineralized intervals have not been determined.2 Assumptions used in USD for the copper equivalent calculation were metal prices of $3.25/lb. Copper, $1,600/oz Gold, $20/oz Silver, and recovery is assumed to be 100% given the level of metallurgical test data available. The following equation was used to calculate copper equivalence: CuEq = Copper (%) + (Gold (g/t...

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