Northwest Copper Announces First Drill Results from 2022 Exporation Program. Highlights Include 19.15 Metres of 1.01% CuEq and 15.70 Metres of 1.21% IN the Southern Part of the Kwanika Footprint
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News Release
NORTHWEST COPPER ANNOUNCES FIRST DRILL RESULTS FROM 2022
EXPORATION PROGRAM. HIGHLIGHTS INCLUDE 19.15 METRES OF 1.01% CUEQ
AND 15.70 METRES OF 1.21% IN THE SOUTHERN PART OF THE KWANIKA
FOOTPRINT
Vancouver, BC – July 20, 202 2 – NorthWest Copper (“NorthWest” or “the Company” ) (TSX-V:
NWST) (OTCQX: NWCCF) is pleased to announce receipt of the assays from the first three holes
of its 2022 Kwanika drilling program. All three drillholes encountered significant copper-gold
grades in the southern part of the deposit , which, expands the footprint of mineralization and
increases the confidence in the Kwanika Mineral Resource Estimate1. Highlights include:
• K-22-227: 22.65 metres2 of 0.61% Copper Equivalent (“CuEq”) 3
• K-22-228: 19.15 metres of 1.01% CuEq within a broader interval
• K-22-229: 20.00 metres of 1.06% CuEq and 15.70 metres of 1.21% CuEq , both within a
broader interval
“These three holes are just the first piece of news from our exciting 2022 Kwanika drill program,
where we have already completed 25 holes ” said President and CEO Peter Bell . “Kwanika
continues to deliver high-grades with multiple plus 1 percent copper equivalent intervals . We
look forward to more positive drill results from all our projects as we continue to progress the
2022 program.”
“NorthWest Copper is continuing to work with the Takla Lake First Nation and other communities
of interest at Kwanika,” continued Mr. Bell. “Conducting our work in an environmentally and
culturally responsible manner is important to NorthWest Copper’s commitment to sustainability
and reconciliation.”
1 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
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. 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).
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Drill Results Discussion
Kwanika and the adjacent Stardust deposit are the current flagship projects at NorthWest. The
2022 Kwanika drill program includes holes designed to expand the known resource, to add new
high-grade zones within and around the known resour ce, and to test for new centres of
mineralization regionally. These first three holes targeted expansion and delineation of near
surface high-grade zones in the southern part of the Kwanika Central Zone. The balance of the
program tests larger step-outs and for new zones of mineralization throughout the area. Follow-
ups to the 2021 South Zone drilling are also underway and initial holes in two untested regional
targets south of Kwanika are planned.
Holes K-22-227, K-22-228 and K-22-229 are in the southern portion of the Central Zone (Figure
1) and verify the near-surface mineralization we had previously modeled in that area. All three
holes increase confidence in the current block model (Figures 2, 3 & 4).
K-22-227 was drilled from south to north at 330o and was designed to test the eastern portion of
the high -grade trend within the Kwanika Central Zone. The high -grade mineralization ( 22.7
metres of 0.61% CuEq) occurred in a zone of propylitic altered diorite that has been over-printed
by potassic alteration with abundant quartz-sulphide veins. This hole has since been followed up
by K -22-232 and K -22-233 (assays pending) to build on this result. The target is illustrated in
Figure 2, showing the drillhole and block model.
K-22-228 was oriented northwest, testing for high grade at surface within the southern extent
of the Central Zone. The high -grade mineralization was centered around a strongly potassic
altered monzonite with abundant quartz -sulphide veins (19.15 metres of 1.01% CuEq) which is
the most common style of high-grade mineralization at Kwanika. Above and below this zone was
propylitic altered diorite, overprinted by potassic alteration with quartz sulphide veins . The full
mineralized interval was 138.3 metres of 0.43 % CuEq. Figure 3 shows the relationship between
the block model and the drillhole.
K-22-229 was drilled from east to west , targeting high grade near surface mineralization
associated with the Central Fault Zone. This hole encountered two high grade zones . The first
was 20.00 metres of 1.06 % CuEq and the second 15.70 metres of 1.21% CuEq. These two are
within an overall broader intersection of 111.10 metres of 0.63% CuEq. This hole appears to
expand the area of know n mineralization to the east where the previous Mineral Resource
Estimate did not estimate grade in the blocks (Figure 4). In the high-grade section from 73.95 -
93.95 metres, mineralization is characterized by strong potassic alteration with quartz -sulphide
veining and disseminated sulphides hosted in a diorite. As the drillhole approached the
unconformity with the overlying sediment ary rocks the mineralization transitions to a
supergene/hypogene-sulphide style dominated by chalcocite mineralization with less
chalcopyrite and rare bornite. This contact relationship is illustrated in Figure 4, showing the
contact between intrusive rocks and overlying sedimentary rocks.
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Table 1: Drill Results From This News Release
Hole From
(m)
To (m) Interval
(m)2
Cu (%) Au (g/t) Ag (g/t) CuEq3 (%)
K-22-227 87.60 110.25 22.65 0.46 0.18 1.5 0.61
K-22-228 60.00 198.30 138.30 0.33 0.13 1.0 0.43
incl. 111.30 198.30 87.00 0.56 0.21 1.6 0.72
also Incl. 135.30 154.45 19.15 0.80 0.27 2.1 1.01
K-22-229 32.35 143.45 111.10 0.51 0.15 1.2 0.63
incl. 73.95 93.95 20.00 0.78 0.36 2.3 1.06
also incl. 107.75 123.45 15.70 1.15 0.07 1.3 1.21
Quality Assurance / Quality Control
Drilling completed at Kwanika in 202 2 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. Base metal overlimits were finalized
with titration where required, with gold overlimits comple ted 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 Tyler
Caswell P.Geo., Principal Geologist of NorthWest, who is a qualified person as defined by National
Instrument 43-101 – Standards of Disclosure for Minerals Projects.
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Figure 1: Drillhole Locations
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Figure 2: K-22-227 Cross Section
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Figure 3: K-22-228 Cross Section
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Figure 4: K-22-229 Cross Section
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. We are 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 at www.northwestcopper.ca.
On Behalf of the Board of Directors of NorthWest Copper Corp.
“Peter Bell”
Director, President and CEO
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For further information, please contact:
Peter Lekich, Director Investor Relations
Tel: 604-697-4962
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
This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements, trend
analysis and other information contained in this news release about anticipated future events or results constitute forward-looking
information 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 min eral 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 information is 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” occ ur or be
achieved and other similar expressions. All statements, other than statements of historical fact, included herein, constitutes
forward-looking information. Although NorthWest believes that the expectations reflected in such forward -looking information
and/or information are reasonable, undue reliance should not be placed on forward-looking information since NorthWest can give
no assurance that such expectations will prove to be correct. Forward-looking information involves 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 information, including the risks, uncertainties and other factors identified in NorthWest’s periodic filings with Ca nadian
securities regulators. Forward-looking information 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 information.
Important factors that 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 explora tion
and potential development of the Company’s mineral properties; business and econom ic conditions in the mining industry
generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill re sults
and the geology, continuity and grade of mineral deposits; the need for cooperation of g overnment 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 finan cing; 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 information is based on estimates and opinions of management at the date the information are made. NorthWest does
not undertake any obligation to update forward -looking information except as required by applicable secur ities laws. Investors
should not place undue reliance on forward-looking information.