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NorthWest Copper Expands Stardust Cu-Au-Ag Deposit With New Resource Estimate
VANCOUVER, British Columbia, May 17, 2021 (GLOBE NEWSWIRE) -- NorthWest Copper (“NorthWest Copper” or the “Company”) is pleased to announce a new independent mi
About this update from Northwest Copper Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, May 17, 2021 (GLOBE NEWSWIRE) -- NorthWest Copper (“NorthWest Copper” or the “Company”) is pleased to announce a new independent mineral resource estimate for its high-grade Cu-Au-Ag Stardust deposit in central British Columbia. The mineral resource has an effective date of May 17, 2021. At a cut-off of US $65/tonne and 2.5 metre minimum mining width the new Stardust mineral resource estimate consists of: Indicated resources1 of 1.96 million tonnes at 2.59% CuEq2, 1.31% Cu, 1.44 g/t Au and 27.1 g/t Ag Inferred resources¹ of 5.84 million tonnes at 1.88% CuEq, 0.86% Cu, 1.17 g/t Au and 20.0 g/t Ag At a higher cut-off of US $105/tonne and 2.5 metre minimum mining width: Indicated resources of 1.31 million tonnes at 3.25% CuEq, 1.65% Cu, 1.82 g/t Au and 33.2 g/t Ag Inferred resources of 3.09 million tonnes at 2.43% CuEq, 1.10 % Cu, 1.54 g/t Au and 24.9 g/t Ag The higher-grade cut-off material provides additional options for mine plan scheduling. This new mineral resource estimate represents a doubling of the tonnage in both the indicated and inferred categories over the previous estimate. The larger resource captures the high-grade 421 zone, discovered by the Company in 2018. The 421 zone is down plunge and continuous with the shallower, previously estimated Canyon Creek resource. The Stardust deposit comprises massive sulfide mineralization that starts at surface and extends to 900 metres depth while remaining open at depth and laterally. The substantial tonnage and grade establish Stardust as BC’s newest, high-grade copper gold deposit. The deposit compliments NorthWest Copper’s adjacent Kwanika Cu-Au-Ag deposit, approximately 7 km away. Peter Bell, President & CEO of NorthWest Copper states: “This new resource estimate confirms Stardust as a meaningful addition to the BC mining landscape. After only two and a half years of drilling, our exploration team has expanded Stardust into one of the highest-grade new copper deposits in Western Canada. It is still early in its exploration history and retains significant expansion potential. Stardust is a unique copper-gold and silver rich carbonate replacement deposit (CRD). The steep-plunging shoots, deposit thickness and continuity of mineralization appear favourable for bulk underground mining.” Mr. Bell continued: “This new res...