Northwest Copper Adds More High-Grade Drill Results at Kwanika High-Grade Intercepts Continue to Expand the Near-Surface Footprint. Highlights Include 202 Meters of 0.74% CuEq Including 45.8 Metres of 1.57% CuEq
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News Release
NORTHWEST COPPER ADDS MORE HIGH-GRADE
DRILL RESULTS AT KWANIKA
HIGH-GRADE INTERCEPTS CONTINUE TO EXPAND THE NEAR-SURFACE FOOTPRINT.
HIGHLIGHTS INCLUDE 202 METERS OF 0.74% CUEQ INCLUDING 45.8 METRES OF 1.57% CUEQ
Vancouver, BC – September 28, 2021 – NorthWest Copper (“NorthWest” or “the Company” ) (TSX-V:
NWST) (OTCQX: NWCCF) is pleased to announce that additional assays have been received from our near-
surface high-grade expansion and confirmation drill program at Kwanika. This second batch of high-grade
assays from the 2021 program at Kwanika were drilled north of previously released results. Like the results
released previously1, these continue to expand the near -surface footprint of mineralization. W ith high-
grade starting at the bedrock surface , these new assays also continue to support our focus on the best
part of this unique deposit . Results from deeper drilling and step -out drilling at Kwanika , drilling at
Stardust, and our first pass East Niv drill program are also pending.
Highlights are given below:
• Drillhole K-21-212 – 202.2m2 at 0.74% CuEq3 including 45.8m at 1.57% CuEq
• Drillhole K-21-213 – 38.5m at 0.85% CuEq
• Drillhole K-21-214 – 63.5m at 0.77% CuEq
A plan map and figures are included below.
Drillhole K-21-212 returned higher grades than the surrounding block model grades as indicated on Figure
2. Mineralized intervals appear outside of previously modelled high-grade4 suggesting potential resource
growth. K-21-213 shows mineralized material, including significant > 1% copper intervals at the bedrock
surface where previously low grade was modelled. Finally, K -21-214 provides higher grade intercepts in
1 See News Release dated September 9, 2021 available at www.northwestcopper.ca and the Company’s profile at www.sedar.com.
2 True widths of the reported mineralized intervals have not been determined .
3 Assumptions used in USD for the copper equivalent calculation were metal prices of $3.25/lb. C opper, $1,600/oz Gold, $20/oz Silver, and recovery is
assumed to be 100% given the level of metallurgical test data available. The following equation was used to calculate copper equivalence: CuEq =
Copper (%) + (Gold (g/t) x 0.7182) + (Silver (g/t) x 0.00 90).
4 See NI 43-101 technical report titled “NI 43-101 Technical Report for the Kwanika Project Resource Estimate Update 2019,” dated April 17, 2019,
filed under the Company’s SEDAR profile at www.sedar.com .
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the upper part of the hole vs the existing blocks. Importantly all drillholes have their highest -grade
intervals starting at or close to the bedrock surface.
The 2021 Kwanika drill program is consistent with our high -grade growth strategy and focusses on
expanding and improving understanding of the best grade material. NorthWest has focussed on our high-
grade Stardust deposit and on the high -grade portion of Kwanika since the C ompany was created in
March. Our previous Kwanika assay results ¹ followed releases of favourable Stardust metallurgy in April
20215 and an expanded high-grade Stardust resource in May 2021. The near-surface results, along with a
set of deeper holes still to be released, will support an updated Kwanika resource planned for Q4 2021.
Peter Bell, President & CEO NorthWest Copper states: “These excellent near-surface results in the north
part of the Kwanika deposit continue the trend of enhancing and expanding near -surface, high-grade
mineralization. We continue to see high-grades from surface and importantly we have significant
intercepts where we previously had no grade or low-grade modelled.”
“We are executing on our plan to expand the size of Kwanika through a targeted angle drill program .
Throughout this drill program, we have encountered grades higher than adjacent resource blocks, which
should favourably affect our upcoming resource as well as the proposed PEA. The continued success of
the drilling reflects the high-grade of Kwanika and speaks to the quality of NorthWest’s portfolio.”
The drillholes in this release were all collared as angle holes with an inclination of - 50 to -65 degrees. All
exhibit similar geology. Mineralization in all holes was encountered directly below overbu rden with the
strongest mineralization occurring coincident with porphyritic monzonite with strong potassic alteration.
Alteration associated with high-grade includes intense quartz stockwork veining with chalcopyrite with
minor bornite. Zones of moderate grade mineralization occur in monzonite, monzodiorite and diorite
with moderate potassic alteration and quartz veining grading into propylitic alteration with local zones of
mineralized potassic alteration as vein and fracture selvage alteration . This intrusive complex is cut by
feldspar porphyry dikes. A full table of results from the program to date is provided below:
Table 1: Significant Drill Results from the 2021 Exploration Program
Drill Hole From (m) To (m) Interval (m) Cu (%) Au (g/t) Ag (g/t) CuEq (%)
K-21-205 35.70 266.65 230.95 0.56 0.58 1.9 0.99
incl. 35.70 130.30 94.60 0.8 1.10 2.6 1.62
K-21-207 25.50 212.50 187.00 0.62 0.24 1.6 0.81
incl. 25.50 98.50 73.00 0.90 0.41 2.5 1.22
K-21-208 25.50 221.50 196.00 0.49 0.20 1.5 0.65
incl. 25.50 78.00 52.50 1.09 0.49 3.6 1.47
K-21-209 28.50 183.00 154.50 0.58 0.47 1.9 0.92
incl. 28.50 81.50 53.00 0.96 0.95 3.2 1.66
5 See News Release dated April 19, 2021 available at www.northwestcopper.ca and the Company’s profile at www.sedar.com.
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K-21-211 36.00 173.50 137.50 0.64 0.36 1.9 0.91
incl. 36.00 107.00 71.00 0.88 0.61 2.7 1.34
K-21-212 71.7 273.9 202.2 0.31 0.59 1.2 0.74
incl. 71.7 117.5 45.8 0.58 1.37 2.0 1.57
K-21-213 38.5 218.5 180.0 0.23 0.38 0.8 0.50
incl. 38.5 77.0 38.5 0.33 0.71 1.2 0.85
K-21-214 63.5 204.0 140.5 0.28 0.37 1.2 0.56
incl. 63.5 127.0 63.5 0.35 0.57 1.6 0.77
Assumptions used in USD for the copper equivalent calculation were metal prices of $3.25/lb. Copper, $1,600/oz Gold, $20/oz Silver, and recovery
is assumed to be 100% given the level of metallurgical test data available. The following equation was used to calculate copper equivalence: CuEq
= Copper (%) + (Gold (g/t) x 0.7182) + (Silver (g/t) x 0.0090).
Quality Assurance / Quality Control
Drilling completed at Kwanika 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 AQ270 process for low
level concentrations (ICP -ES/MS aqua regia) and the MA270 process for higher level concentrations
(ICPES/MS 4 acid digestion). Gold assaying was completed with FA330, a 30 -gram fire assay with ICP -ES
finish. Base metal overlimits were finalized with titration, with gold overlimits completed w ith a
gravimetric finish. A silica wash was used between high-grade samples to ensure no sample carry over.
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.
Engagement of Investor Relations Consultant
The Company would also like to advise that Roth Multimedia Inc., has been engaged for Investor Relations
consulting effective immediately. The engagement of Roth Multimedia supports the Company’s broader
communications strategy to build investor audiences.
Roth Multimedia does not have any interest, directly or indirectly in NorthWest or its securities nor any
right to acquire such an interest. Pursuant to the terms of the Company’s agreement with Roth
Multimedia, Roth Multimedia will be responsible for a variety of financial public relations and investor
relations activities, including development of the Company's communications strategy, dissemination of
corporate information, presentations, videos, interviews, and communications materials.
About NorthWest Copper
NorthWest Copper is a new copper -gold explorer and d eveloper with an exciting pipeline of projects in
British Columbia. With a robust portfolio in a tier one jurisdiction, Northwest Copper is well positioned
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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 Information
All statements, trend analysis and other information contained in this press release about anticipated future events or results
constitute forward -looking statements including but not limited to: statements with respect to the estimation of mineral
resources; magnitude or quality of mineral deposits; anticipated advancement of mineral propertie s or programs; future
operations; mine plans; future exploration prospects; the completion and timing of a PEA and/or updated mineral resource
estimates; 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” occur or be achieved and other s imilar
expressions. All statements, other than statements of historical fact, included herein, are forward -looking statements. Although
NorthWest Copper 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 NorthWest Copper can give no assurance
that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other 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 Copper’s periodic filings with Canadian securities regulat ors.
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 that could
cause actual results to differ materially from NorthWest Copper’s expectations include risks associated with the business of
NorthWest Copper; risks related to reliance on technical information provided by NorthWest; risks related to exploration and
potential development of the Projects; 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, continuity
and grad e of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and
development of properties and the issuance of required permits; the need to obtain additional financing to develop properties 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 Copper’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 Copper 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.
351300E351100E
6156200N
6156100N
6156300N
6156400N
6156500N
6156600N
351500E 351700E351300E 351400E351200E 351600E 351800E
0 100m
KWANIKA COPPER PROJECT
Plan View
Drill Results to accompany
Press Release September 28th 2021
FIGURE 1
North estc pper
2019 Resource Block Model Shape
(see 2019 43-101 Technical report
effec ve December 14, 2018)
6156700N
6156000N
Drillholes
- Historic Collar
- 2021 Drill hole
Drill hole CuEq
CuEq (%)< 0.7
< 0.3
< 1.0
< 0.5
> 1.0
< 0.1
- 2021 Drill Hole
previously released
Sec on 6,156,365 N
Sec on 6,156,415 N
Sec on 6,156,460 N
K-21-207
K-21-205
K-21-209
K-21-211
K-21-208
K-21-214
K-21-213
K-21-212
o ve r b u rd e n
sediments
OPEN PIT CONFINING
2019 RESOURCE SHAPE
1040m
970m
900m
830m
760m
690m
351300E 351400E 351500E 351600E 351700E 351800E
0 100m
W Sec on 6,156,365 N E
K-21-212
K-07-28
K-08-92
K-18-193 K-07-24 K-07-13 K-07-33
K-18-184
K-07-32 K-07-36
K-07-19K-07-19
Block Model (CuEq)
CuEq Final
< 0.7
< 0.7
< 0.3
< 0.3
< 1.0
< 1.0
< 0.5
< 0.5
> 1.0
> 1.0
< 0.1
< 0.1
KWANIKA COPPER PROJECT
Sec on 6,156,365 N
Drill Results to accompany
FIGURE 2
Press Release September 28th 2021
North estc pper
o ve r b u rd e n
OPEN PIT CONFINING
2019 RESOURCE SHAPE
1040m
970m
900m
830m
760m
690m
351300E 351400E 351500E 351600E 351700E 351800E
0 100m
W Sec on 6,156,415 N E
K-21-213K-07-25 K-07-37
K-07-28
K-18-184
K-18-195
K-08-67
Block Model (CuEq)
CuEq Final
< 0.7
< 0.7
< 0.3
< 0.3
< 1.0
< 1.0
< 0.5
< 0.5
> 1.0
> 1.0
< 0.1
< 0.1
KWANIKA COPPER PROJECT
Sec on 6,156,415 N
Drill Results to accompany
FIGURE 3
Press Release September 28th 2021
North estc pper
o ve r b u rd e n
1040m
970m
900m
830m
760m
690m
351300E 351400E 351500E 351600E 351700E 351800E
0 100m
W Sec on 6,156,460 N E
OPEN PIT CONFINING
2019 RESOURCE SHAPE
K-21-214
K-07-39K-07-26K-07-27
K-18-184
K-18-195
Block Model (CuEq)
CuEq Final
< 0.7
< 0.7
< 0.3
< 0.3
< 1.0
< 1.0
< 0.5
< 0.5
> 1.0
> 1.0
< 0.1
< 0.1
KWANIKA COPPER PROJECT
Sec on 6,156,460 N
Drill Results to accompany
FIGURE 4
Press Release September 28th 2021
North estc pper