17:31:44 EDT Sun 21 Apr 2024
Enter Symbol
or Name

Northwest Copper Corp
Symbol NWST
Shares Issued 189,759,253
Close 2023-06-20 C$ 0.17
Market Cap C$ 32,259,073
Recent Sedar Documents

Northwest Copper outlines new drill target at Kwanika

2023-06-21 07:11 ET - News Release

Mr. David Moore reports


Northwest Copper Corp. has identified a highly prospective drill target approximately 500 metres south of the Kwanika Central zone (1) (the transfer target). In recent months, the Northwest exploration team has been reassessing the vast amount of exploration data available for Kwanika, which has resulted in the identification of new prospective areas. The transfer target is an exciting and tangible result of that continuing work. The target was identified primarily by new interpretations of:

  • The 3-D induced polarization (3DIP) survey completed in 2022;
  • New models that reconstruct movement on postmineral structures;
  • Alteration and metal zoning patterns.

"The transfer target is an excellent example of Northwest's planned strategy to drill high-leverage exploration targets in 2023," said interim president and chief executive officer David Moore. "The transfer target has potential to add shallow, high-impact, open-pittable mineralization within the existing footprint of the Kwanika project. The target can be tested by a small number of relatively shallow drill holes and is logistically easy to access. Projections of grade based on truncated resource blocks west of the line fault can be used to effectively target this drilling and suggest that the transfer target may represent the faulted offset of the Kwanika Central zone. We are continuing to reassess our historical results to identify additional high-impact drill targets within our portfolio."

(1) See National Instrument 43-101 technical report titled "Kwanika-Stardust Project NI 43-101 Technical Report on Preliminary Economic Assessment" with an effective date of Jan. 4, 2023, filed under the company's SEDAR profile.

Technical aspects of this news release have been reviewed, verified and approved by Tyler Caswell, PGeo, vice-president of exploration of Northwest, who is a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Minerals Projects.

About Northwest Copper Corp.

Northwest Copper is a copper-gold explorer and developer with an exciting pipeline of projects in British Columbia. With a robust portfolio in a Tier 1 jurisdiction, Northwest Copper is well positioned to participate fully in a strengthening global copper market. The company is committed to responsible mineral exploration which involves working collaboratively with first nations to ensure future development incorporates stewardship best practices and traditional land use. Additional information can be found on the company's website.

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