News R El Ease Northwest Intersects Multiple Intervals of High-Grade GOLD up to 10.5 Grams PER Tonne at East Niv While Expanding the Footprint of Copper and GOLD Mineralization IN Additional Drillholes
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News R el ease
NORTHWEST INTERSECTS MULTIPLE INTERVALS OF HIGH-GRADE GOLD UP TO
10.5 GRAMS PER TONNE AT EAST NIV WHILE EXPANDING THE FOOTPRINT OF
COPPER AND GOLD MINERALIZATION IN ADDITIONAL DRILLHOLES
VANCOUVER, British Columbia, January 27, 2022 -- NorthWest Copper (“NorthWest” or the “Company”)
(TSX-V:NWST, OTCQX:NWXCC) is pleased to announc e that drill-hole ENV-21-007 has intersected high
grade gold, including 10.5 grams per tonne (“g/t”) over 2.0 metres, within a broader interval of 41 metres
grading 1.24 g/t Au. Additional drill holes have intercepted significant copper -gold-silver mineralization.
We have successfully expanded the footprint of mineralization with strongly mineralized intervals, over a
1 by 1.5 km area of previously undrilled prospective geology, open in multiple directions. These drill results
represent continued success at our East Niv project, the Company’s newest discovery. Highlights are
shown below.
ENV-21-007 – 41.00 metres1 of 1.24 g/t gold, including 2.00 metres of 10.5 g/t;
ENV-21-005 – 100.90 metres of 0.34% copper equivalent (“CuEq”)2, including 12.50 metres of 0.45% CuEq;
ENV-21-008 – 77.30 metres of 0.32% CuEq, including 21.20 metres of 0.43% CuEq;
ENV-21-010 – 133.85 metres of 0.22% CuEq, including 20.20 metres of 0.37% CuEq.
Peter Bell, President & CEO of NorthWest stated, “ In our first season of drilling, we established East Niv
as a significant new porphyry Cu-Au discovery with the release of ENV-21-004. Now, we have shown that
the mineralized footprint is large and open in multiple directions. Furthermore, we have found an exciting
high-grade gold zone providing a new and compelling exploration target. We look forward to following up
these excellent results with a full round of drilling in 2022.”
“East Niv is the newest asset in our project pipeline, which stretches from Kemess to Mt Milligan”
continued Mr. Bell. “We have over 150,000 hectares of underexplored ground between these two long -
life assets in an area of exceptional infrastructure.”
NorthWest has now received all 2021 assays from the first ever drill program completed at East Niv.
Discovery hole ENV -21-0043 encountered 81.60 metres of 0.56% CuEq demonstrating a strong
mineralized system with economically significant grades over broad widths. The remaining holes expand
the mineralized footprint materially , making it both deeper and more laterally extensive . The footprint
size is consistent with that of other porphyry deposits in BC including Red Chris . In addition, the drilling
has discovered an exciting high-grade gold zone in hole ENV-21-007, enhancing the prospectivity of this
project. Full results for the East Niv program are given in the table below.
1 True wi dths of the reported mi neral i zed i nterval s have not been determi ned .
2 Assumptions used in USD for the copper equivalent calculation were metal prices of $3.25/lb. Copper, $1,600/oz Gold, $20/oz S ilve r, and re cove ry is
assum ed to be 100% given the level of metallurgical test data available. The following equation was used to calculate copper equiv alence: CuEq = Copper
(%) + (Go ld (g/ t ) x 0 .7 1 8 2 ) + (Silve r (g/ t ) x 0 .0 0 9 0 ).
3 See News R el ease dated November 8, 2021 available at www.northwestcopper.ca and the Company’ s profile at www.sedar.com
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Drill Hole From
(m) To (m) Interval
(m)¹ Cu (%) Au (g/t) Ag
(g/t) CuEq² (%)
ENV-21-001 7.65 79.95 72.30 0.10 0.21 0.3 0.25
incl. 50.8 66.85 16.05 0.12 0.28 0.3 0.32
ENV-21-002 126.00 149.00 23.00 0.11 0.14 0.2 0.21
and 160.00 198.00 38.00 0.08 0.11 0.2 0.16
and 230.00 234.10 4.10 0.19 0.54 0.6 0.58
ENV-21-003 13.00 42.00 29.00 0.10 0.13 0.2 0.20
and 119.20 127.00 7.80 0.14 0.34 0.8 0.39
and 229.25 249.00 19.75 0.10 0.14 0.1 0.20
ENV-21-004 3.00 84.60 81.60 0.41 0.20 0.9 0.56
incl. 14.10 57.00 42.90 0.57 0.28 1.4 0.78
or 15.20 30.00 14.80 0.75 0.35 2.5 1.02
ENV-21-005 0.10 101.00 100.90 0.23 0.14 0.8 0.34
Incl. 12.00 24.50 12.50 0.29 0.21 0.5 0.45
ENV-21-006 No Significant Values
ENV-21-007 199.00 240.00 41.00 0.03 1.24 1.5 N/A
207.00 209.00 2.00 0.02 10.5 14.8 N/A
ENV-21-008 54.50 131.80 77.30 0.18 0.17 1.5 0.32
Incl. 63.80 85.00 21.20 0.29 0.18 1.9 0.43
ENV-21-009 No Significant Values
ENV-21-010 40.00 68.50 28.50 0.13 0.31 0.7 0.36
and 327.00 460.85 133.85 0.12 0.14 0.3 0.22
incl. 376.80 397.00 20.20 0.17 0.28 0.4 0.37
Porphyry copper-gold-silver mineralization at East Niv occurs in potassic -altered mafic volcanic rocks of
the Late Triassic Takla Group and in associated intermediate intrusions hosted by the Stikine Terrane – a
setting compatible with many major copper-gold porphyry deposits throughout Quesnellia and Stikinia.
The 10 drill holes at East Niv host a variety of commonly strong, porphyry alteration types and each hole
contains significant sulphide mineralization , all of which occurs within a much more extensive, largely
open IP chargeability and surface geochemical anomaly that remains mostly undrilled.
In addition to the 2021 drill program, an integrated regional exploration program was conducted across
the East Niv property to detect other areas of the property that are prospective for porphyry copper style
mineralization. A detailed, low-altitude airborne magnetic survey at 100 m line spacing was completed
over 4515 ha of the property, centered on the main area of known mineralization. Induced Polarization
surveys were completed over 37.4 line kilometers in the area of the new discovery and in adjacent target
areas. Regional mapping was complemented by 166 rock samples, 601 soil samples, 67 stream silt
samples, and 27 porphyry indicator mineral samples. The regional exploration results will allow focused
and well-informed exploration and drilling programs to be completed in 2022.
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Quality Assurance / Quality Control
Drilling completed at East Niv in 2021 was supervised by on-site NorthWest personnel who collected and
tracked samples and implemented a full QA/QC program using blanks, standards, and duplicates to
monitor analytical accuracy and precision. The samples were sealed on site and shipped to Bureau Veritas
(BV) in Vancouver BC for analysis. BV’s quality control system complies with global certifications for
Quality ISO9001:2008. Core samples were analyzed using a combination of BV’s MA200 process for low
level concentrations (ICP-MS/4 Acid digestion) and the MA370 process for higher level concentrations
(ICP-ES/4 acid digestion). Gold assaying was completed with FA430, a 30-gram fire assay with AAS finish,
with gold overlimits completed with a gravimetric finish.
Technical aspects of this news release have been reviewed, verified, and approved by Ian Neill P.Geo.,
Vice President Exploration of NorthWest, who is a qualified person as defined by National Instrument 43-
101 – Standards of Disclosure for Minerals Projects.
About NorthWest:
NorthWest is a new copper -gold explorer and developer with an exciting pipeline of projects in British
Columbia. With a robust portfolio in a tier one jurisdiction, North West is well positioned to participate
fully in a strengthening global copper market. Additional information can be found on the Company’s
website at www.northwestcopper.ca.
On Behalf of the Board of Directors of NorthWest Copper Corp.
“Peter Bell”
Director, President and CEO
For further information, please contact:
Adrian O’Brien, Director Marketing & Communications
Tel: 604-809-6890
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Statements
All statements, trend analysis and other information contained in this press release about anticipated future events or resul ts
constitute forward-looking statements including but not limited to statements with respect to : the Company’s goals for 2022;
geological interpretations; anticipated drill results and exploration results; the estimation of mineral resources; magnitude or
quality of mi neral deposits; anticipated advancement of mineral properties or programs; future operations; mine plans; future
exploration prospects; the completion and timing of technical reports ; future growth potential of NorthWest Copper; and future
development plans . Forward -looking statements are often, but not always, identified by the use of words such as “seek”,
“anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”,
“could” or “might” oc cur or be achieved and other similar expressions. All statements, other than statements of historical fact,
included herein, are forward- looking statements. Although NorthWest believes that the expectations reflected in such forward -
looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since
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NorthWest can give no assurance that such expectations will prove to be correct. These statements involve known and unknown
risks, uncertainties and othe r factors that may cause actual results or events to differ materially from those anticipated in such
forward-looking statements, including the risks, uncertainties and other factors identified in NorthWest ’s periodic filings with
Canadian securities regul ators. Forward -looking statements are subject to business and economic risks and uncertainties and
other factors that could cause actual results of operations to differ materially from those contained in the forward- looking
statements. Important factors th at could cause actual results to differ materially from NorthWest ’s expectations include risks
associated with the business of NorthWest; risks related to reliance on technical information provided by NorthWest; risks related
to exploration and potential development of the Company’s mineral properties ; business and economic conditions in the mining
industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill
results and the geology, cont inuity and grade of mineral deposits; the need for cooperation of government agencies and First
Nation groups in the exploration and development of properties and the issuance of required permits; the need to obtain
additional financing to develop properti es and uncertainty as to the availability and terms of future financing; the possibility of
delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to
timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time and additional
risks identified in NorthWest ’s filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com ).
Forward-looking statements are based on estimates and opinions of management at the date the statements are made.
NorthWest does not undertake any obligation to update forward- looking statements except as required by applicable securities
laws. Investors should not place undue reliance on forward-looking statements.
620000E
6290000N
6280000N
6275000N
625000E 630000E 635000E 640000E 645000E
PROPERTY BOUNDARY
EAST NIV PROJECT
2021 Drilling, Property Extents and
Regional Explora on Completed
Press Release January 27th 2022
FIGURE 1
North estc pper
CURRENT News Release
Drill hole collars (2021)
Induced polariza on survey
Regional sampling extent
Airborne magne cs survey
0 5 km
PREVIOUSLY released
area of Figure 2
IP Chargeability Anomaly
IP Chargeability Anomaly
626500E 627000E 627500E 628000E 628500E 629000E 629500E
6284000N
6283500N
6283000N
6282500N
6282000N
CURRENT News Release
Drill hole collars (2021)
PREVIOUSLY released
EAST NIV PROJECT
2021 Drill Hole Loca ons
shown with Airborne Magne cs
Press Release January 27th 2022
FIGURE 2
North estc pper
Limit of 20mV IP response
ENV-21-010ENV-21-010ENV-21-010
ENV-21-007ENV-21-007ENV-21-007
ENV-21-006ENV-21-006ENV-21-006
ENV-21-005ENV-21-005ENV-21-005
ENV-21-004ENV-21-004ENV-21-004
ENV-21-001ENV-21-001ENV-21-001
ENV-21-002ENV-21-002ENV-21-002
ENV-21-003ENV-21-003ENV-21-003
ENV-21-008ENV-21-008ENV-21-008
ENV-21-009ENV-21-009ENV-21-009 0 500m
area of Figure 3
41.00m of 1.24 g/t Au, including
2.00m of 10.5 g/t Au
81.60m of 0.56% CuEq
New high grade gold zone
East Niv Discovery Hole
IP Chargeability Anomaly
IP Chargeability Anomaly
IP Chargeability Anomaly
627000E 627500E 628000E 628500E
6283500N
6283000N
ENV-21-010ENV-21-010ENV-21-010
ENV-21-007ENV-21-007ENV-21-007
ENV-21-006ENV-21-006ENV-21-006
ENV-21-005ENV-21-005ENV-21-005
ENV-21-004ENV-21-004ENV-21-004
ENV-21-001ENV-21-001ENV-21-001
ENV-21-002ENV-21-002ENV-21-002
ENV-21-003ENV-21-003ENV-21-003
ENV-21-008ENV-21-008ENV-21-008 EAST NIV PROJECT
2021 Drilling Shown with Airborne
Magne cs and CuEq Histograms
Press Release January 27th 2022
FIGURE 3
North estc pper
CURRENT News Release
Drill hole collars (2021)
0 250 m
PREVIOUSLY released
Gold Zone intersec on
Limit of 20mV IP response
0 0.1 0.2 0.40.3
CuEq histograms
41.00m of 1.24 g/t Au, including
2.00m of 10.5 g/t Au
100.90m of 0.34% CuEq, including
12.50m of 0.45% CuEq
77.30m of 0.32% CuEq, including
21.20m of 0.43% CuEq
133.85m of 0.22% CuEq, including
20.20m of 0.37% CuEq
81.60m of 0.56% CuEq
New high grade gold zone
East Niv Discovery Hole