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NorthWest Copper Intersects High-Grade Gold and Copper at Kwanika Project

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NWSTCA$0.2850 0.00%

NorthWest Copper Corp. (TSXV:NWST) has released initial assay results from its ongoing drilling program at the Kwanika Pit Zone. The company reported several shallow, high-grade drill intercepts, including 31.4 meters grading 0.92% copper and 1.08 grams per tonne gold (2.11% copper equivalent) from a depth of 78 meters. Another notable intercept yielded 39.0 meters at 1.04% copper equivalent starting at 39 meters depth, alongside 16.6 meters grading 1.20% copper equivalent from 58.9 meters.

These latest results incrementally extend known mineralization by 25 to 50 meters and narrow drill hole spacing down to roughly 50 meters. The shallow, higher-grade mineralization could bolster potential pit economics and lower stripping ratios, while tighter drill spacing aids in upgrading resource classifications to higher confidence levels.

The current release represents 11 of approximately 40 planned holes in a 12,000-meter drilling program aimed at expanding and upgrading the deposit. Investors will be tracking the remaining pending assay results from the ongoing campaign, as well as future resource updates and economic studies for the Kwanika Pit Zone.

Key points

  • NorthWest Copper reported drill results including 31.4 meters at 2.11% copper equivalent (0.92% copper and 1.08 g/t gold) from 78 meters depth.
  • Additional shallow intercepts included 39.0 meters grading 1.04% copper equivalent starting at 39 meters depth.
  • The drilling extended mineralization by 25 to 50 meters and reduced drill spacing to approximately 50 meters.
  • Results cover 11 of about 40 planned drill holes in an ongoing 12,000-meter exploration program.

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Questions and answers

What were the key drill results from NorthWest Copper at Kwanika?

NorthWest Copper reported shallow drill intercepts including 31.4 meters at 2.11% copper equivalent (0.92% copper and 1.08 g/t gold) from 78 meters and 39.0 meters at 1.04% copper equivalent from 39 meters.

How many drill holes are part of NorthWest Copper's program?

The ongoing program consists of approximately 40 holes totaling 12,000 meters. The latest announcement covers results from 11 of those holes.