Northwest Copper Announces Additional High-Grade Cu-Au Porphyry Results from Multiple Holes at Kwanika Including 100.5 Metres of 1.91% CuEq and 71.90 Metres of 2.64% CuEq
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News Release
NORTHWEST COPPER ANNOUNCES ADDITIONAL HIGH-GRADE Cu-Au PORPHYRY
RESULTS FROM MULTIPLE HOLES AT KWANIKA INCLUDING 100.5 METRES OF
1.91% CuEq AND 71.90 METRES OF 2.64% CuEq
Vancouver, BC – November 16, 2021 – NorthWest Copper (“NorthWest” or “the Company”) (TSX-
V: NWST) (OTCQX: NWCCF) is pleased to announce that drilling at Kwanika has encountered
multiple intersections of high-grade copper-gold porphyry mineralization. These holes extend
the high-grade part of Kwanika. All five holes have intercepts of greater than 1% copper
equivalent mineralization and contain meaningful gold grades . These results reinforce the high-
grade nature and continuity of this deposit. Highlights are presented below:
• K-21-210: 416.50 metres1 of 0.87% copper equivalent (“CuEq”) 2 including 100.50m of
1.91% CuEq.
• K-21-216: 250.60 metres of 1.36% CuEq including 71.90m of 2.64% CuEq.
• K-21-218: 366.00 metres of 0.61% CuEq including 106.10m of 1.27% CuEq.
These holes are a continuation of the C ompany’s angle hole drill program designed to expand
and improve the high- grade part of the Kwanika resource3. These five holes are in the “Boot”
target area which forms the conceptual block cave portion of the resource as defined by the 2019
resource shape. The holes are below and down plunge from the previously released 2021 near-
surface drilling, which targeted the conceptual open pit defined in the 2019 study.
“The Kwanika high -grade drill program continues to deliver exceptional results” commented
President and CEO Peter Bell. “The discovery of a new very high -grade style of mineralization in
hole K-21-217 was really exciting for Kwanika exploration . Th is new batch of five holes is a
reminder that the porphyry mineralization at Kwanika itself is characterized by very high grades.
Every hole in this release has material thicknesses of greater than 1% copper equivalent
demonstrating the wide distribution of high grades throughout the deposit. In addition, hole K-
21-216 includes a significant thickness of material above 2.5% copper equivalent including a
significant gold contribution.”
1 True widths of the reported mineralized intervals have not been determined .
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 ilver, 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).
3 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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Table 1: Significant Drill Results From This News Release
Drill Hole From (m) To (m) Interval
(m)¹ Cu (%) Au (g/t) Ag
(g/t) CuEq² (%)
K-21-206 294.40 655.20 360.80 0.49 0.43 1.5 0.81
incl. 456.10 506.20 50.10 0.98 1.29 2.6 1.93
K-21-210 263.50 680.00 416.50 0.44 0.57 1.6 0.87
incl. 263.50 494.00 230.50 0.70 0.84 2.3 1.33
or incl. 391.50 492.00 100.50 0.78 1.54 2.7 1.91
K-21-216 498.90 749.50 250.60 0.50 1.17 1.8 1.36
incl. 564.00 635.90 71.90 0.90 2.38 2.9 2.64
K-21-218 252.30 618.30 366.00 0.34 0.35 1.2 0.61
incl. 483.40 589.50 106.10 0.57 0.66 0.9 1.27
K-21-219 497.10 704.05 206.95 0.41 0.52 1.3 0.79
incl. 630.95 679.45 48.50 0.48 1.30 1.7 1.43
NorthWest’s goals at Kwanika in 2021 included expanding the high-grade zone and improving the
grade within it by drilling angled holes across mineralized structural zones with closer-spaced
drilling. All our results to date have provided results exceeding these goals.
NorthWest has focussed on the high-grade portion of Kwanika and adjacent high-grade Stardust
deposit since the C ompany was created in March. Multiple high-grade Kwanika assay results 4
followed releases of favourable Stardust metallurgy in April 2021 5 and an expanded high-grade
Stardust resource in May 2021. These high -grade results, t he previously released near-surface
results, and drill hole K-21-217, will support an updated Kwanika resource planned for Q4 2021.
We still have additional results to be received and released including additional holes from
Kwanika, Stardust and East Niv.
Each drill hole reported here exhibits similar geology. Copper-gold porphyry-style mineralization
is hosted by diorite and monzonite intrusions . Highest grade intervals correlate with the
abundance of very well -mineralized quartz -sulphide veins that contai n chalcopyrite variably
accompanied by bornite, and additional disseminated mineralization occurs in strong potassic
alteration between and related to the veins. Mineralization is mostly hypogene sulphide, but a
zone of paleo-supergene mineralization is typically present at the top of the mineralized interval.
Late- to post-mineral dykes locally cut the copper-gold mineralization.
4 See News Release s dated September 9, 2021 , September 28, 2021 and October 27,2021 available at www.northwestcopper .ca and the
Company’s profile at www.sedar.com
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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Quality Assurance / Quality Control
Drilling completed at Kwanika in 2021 was supervised by on -site No rthWest 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. Base metal overlimits were finalized
with titration where required, with gold overlimits completed with 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.
About NorthWest Copper:
NorthWest Copper 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, Northwest Copper
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 2021;
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,
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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
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, continuity 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 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 ’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.
351300E351100E
6156200N
6156100N
6156300N
6156400N
6156500N
6156600N
6156700N
351500E351300E 351400E351200E 351600E
0 100m
2019 Resource Block Model Shape
(see 2019 43-101 Technical report
effec ve December 14, 2018)
6156000N
6155900N
6155800N
Drillholes
- Historic Collar
- 2021 Drill hole
Drill hole CuEq
CuEq (%)
- 2021 Drill Hole
previously released
< 0.7
< 2.0
< 0.3
< 0.1
< 1.0
< 0.5
> 2.0
Sec on 351,160E
Sec on 351,215E
Sec on 351,430ESec on P
arallel
Sec on 351,475E
K-21-207
K-21-205 K-21-209
K-21-211
K-21-210
K-21-206
K-21-219 K-21-216
K-21-217
K-21-218
K-21-208
KWANIKA COPPER PROJECT
Plan View
Drill Results to accompany
Press Release November 16th, 2021
FIGURE 1
North estc pper
K-21-214
K-21-213
K-21-212
o ve r b u rd e n
s e d i m e nt s
CONCEPTUAL OPEN PIT
CONFINING
2019 PIT RESOURCE
CONCEPTUAL
2019 RESOURCE
BLOCK CAVE
1050m
910m
840m
770m
700m
630m
560m
490m
420m
351641E
6155915N
351587E
6155999N
351534E
6156084N
351480E
6156168N
351427E
6156253N
351373E
6156337N
SE K-21-218 Sec on Parallel NW
0 100m
K-21-218
K-21-217
K-21-210
K-20-197
K-20-202
K-18-180
K-08-65
K-07-47
K-16-177
K-07-43
K-18-181
K-18-189
K-07-38
K-08-113
K-07-21
K-20-200
K-20-199
K-18-190
K-07-14 K-07-11
K-08-114
K-07-23
K-07-45
K-07-46
K-20-198
K-07-29
K-07-40
K-18-182
K-18-180
Block Model (2019)
Drill hole CuEq
< 0.7
< 0.7
< 2.0
< 2.0
< 0.3
< 0.3
< 0.1
< 0.1
< 1.0
< 1.0
< 0.5
< 0.5
> 2.0
> 2.0
KWANIKA COPPER PROJECT
K-21-218 Section Parallel
Drill Results to accompany
Press Release November 16th 2021
FIGURE 2
North estc pper
CuEq (%)
CuEq (%)
o ve r b u rd e n
s e d i m e nt s
K-21-219
K-08-107
K-20-198
K-08-96
K-08-103
K-08-191
1040m
970m
900m
830m
760m
690m
620m
550m
480m
410m
6155900N 6155600N 6155100N 6156200N 6156300N
S Sec on 351,160E N
0 100m
CONCEPTUAL OPEN PIT
CONFINING
2019 PIT RESOURCE
CONCEPTUAL
2019 RESOURCE
BLOCK CAVE
KWANIKA COPPER PROJECT
Sec on 351,160E
Drill Results to accompany
FIGURE 3
Press Release November 16th 2021
North estc pper
Block Model (2019)
Drill hole CuEq
< 0.7
< 0.7
< 2.0
< 2.0
< 0.3
< 0.3
< 0.1
< 0.1
< 1.0
< 1.0
< 0.5
< 0.5
> 2.0
> 2.0
CuEq (%)
CuEq (%)
o ve r b u rd e n
s e d i m e nt s
910m
980m
840m
770m
700m
630m
560m
490m
420m
6155900N 6155600N 6155100N 6156200N 6156300N
S Sec on 351,215E N
0 100m
CONCEPTUAL OPEN PIT
CONFINING
2019 PIT RESOURCE
CONCEPTUAL
2019 RESOURCE
BLOCK CAVE
K-21-216
K-08-93
K-20-198
Block Model (2019)
Drill hole CuEq
< 0.7
< 0.7
< 2.0
< 2.0
< 0.3
< 0.3
< 0.1
< 0.1
< 1.0
< 1.0
< 0.5
< 0.5
> 2.0
> 2.0
KWANIKA COPPER PROJECT
Sec on 351,215E
Drill Results to accompany
FIGURE 4
Press Release November 16th 2021
North estc pper
CuEq (%)
CuEq (%)