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NorthWest Copper Reports 400 Metres of 1.01% Copper Equivalent at Kwanika, Including Gold-Rich Zone of 151 Metres of 1.55 g/t Gold
VANCOUVER, British Columbia, Jan. 16, 2023 (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, Jan. 16, 2023 (GLOBE NEWSWIRE) -- NorthWest Copper (“NorthWest” or “the Company”) (TSX-V: NWST) (OTCQX: NWCCF) is pleased to announce additional results from the 2022 Kwanika drilling program. K-22-255 has returned one of the longest and highest-grade copper-gold intervals ever completed at Kwanika. It was collared approximately 120 metres from hole K-21-2171 and tested a similar area of the deposit. K-21-217 encountered 235.45 metres of 2.65% copper equivalent (“CuEq”)2. Importantly, this hole is characterized by a thick interval of strongly enriched gold grades within the copper zone (Figure 1 and Figure 2). The bottom of the hole remains in copper and gold mineralization suggesting that the system potentially continues. Results in this release were not included in the PEA3. NorthWest still has seven holes with outstanding assays at Kwanika from the 2022 program. Highlights from assays include: K-22-255: 399.80 metres4 at 1.01% CuEq from 152.20 metres: Including 23.40 metres at 2.51% CuEq from 152.60 metres Including 151.00 metres of 1.55 g/t Au from 363.00 metres Also including 64.00 metres at 2.12% CuEq from 374.80 metres Also including 22.50 metres at 2.67% CuEq from 416.30 metres. “Hole K-22-255 highlights the strength of the mineralizing system at Kwanika Central, with a very long interval averaging 1% copper equivalent, and multiple higher-grade copper-gold zones within it” said President and CEO Peter Bell. “The hole shows a typical Kwanika pattern of copper dominant material higher in the hole then becoming much richer in gold at depth. Gold represents approximately 35% of annual revenue in the recent PEA at Kwanika-Stardust and K-22-255 demonstrates the strength of the gold system within the strong, continuous copper mineralization.” Drill Results Discussion We have now released results from 23 of the 30 drill holes completed at Kwanika in 2022. There is one hole remaining from the Kwanika Central Zone and six holes that were drilled at the Kwanika South Zone that are pending assay results. The 2022 Kwanika program was designed to expand the footprint of mineralization and to search for higher grade zones within the deposit. K-22-255 delineates multiple high-grade copper and gold zones within a long interval, including some very strong gold assays. More detailed results are pres...