Business
NorthWest Copper Reports Long Intervals Above Resource Grade in Step-Out Drilling in Kwanika South Zone
VANCOUVER, British Columbia, March 29, 2023 (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, March 29, 2023 (GLOBE NEWSWIRE) -- NorthWest Copper (“NorthWest” or “the Company”) (TSX-V: NWST) (OTCQX: NWCCF) is pleased to announce the eighth and final set of results from the 2022 Kwanika drilling program. These results are from the Kwanika South Zone, which is located one kilometre south of the Central Zone and makes up part of the Company’s flagship Kwanika-Stardust project. The six holes encountered several long intervals of copper and gold mineralization that have higher grades than the average of the current South Zone mineral resource estimate1. Drilling also intersected mineralization outside of the pits proposed in the recently released Kwanika-Stardust PEA2, and the showed that the system remains open at depth and to the south. These results demonstrate potential to both upgrade and expand the South Zone resource. Highlights from assays include: K-22-251: 316.90 metres3 of 0.30% CuEq4 from 307.10 metres Including 20.10 metres at 0.68% CuEq from 486.30 metres Also including 45.75 metres at 0.53% CuEq from 530.40 metres K-22-252: 249.95 metres at 0.36% CuEq from 162.00 metres Including 29.50 metres at 0.69% CuEq from 277.50 metres “Kwanika South Zone remains a compelling target for NorthWest”, said President and CEO Peter Bell. “It is close to Kwanika Central Zone but has seen much less drilling. We believe there are opportunities not just to expand it but also to improve the grade. Its proximity to the proposed infrastructure at Kwanika-Stardust makes any mineralization found at South Zone beneficial to the project.” We have now released all results from the 11,876 metres of drilling in 30 drill holes that were completed at Kwanika in 2022. 1 See NI 43-101 technical report titled “Kwanika-Stardust Project NI 43-101 Technical Report on Preliminary Economic Assessment” dated January 4, 2023, filed under the Company’s SEDAR profile at www.sedar.com.2 See NI 43-101 technical report titled “Kwanika-Stardust Project NI 43-101 Technical Report on Preliminary Economic Assessment” dated January 4, 2023, filed under the Company’s SEDAR profile at www.sedar.com.3 True widths of the reported mineralized intervals have not been determined.4 Assumptions used in USD for the copper equivalent calculation (CuEq) were metal prices of $3.50/lb. copper, $1,650/oz gold, $21.50/oz silver and $15.00...