Northwest Copper Announces New High-Grade Drill Results at Kwanika High-Grade Intercepts Expand Near-Surface Footprint at Kwanika. Highlights Include 230.95m at 0.99 % CuEq and 155m of 0.93% CuEq
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News Release
NORTHWEST COPPER ANNOUNCES NEW HIGH-GRADE DRILL
RESULTS AT KWANIKA
HIGH-GRADE INTERCEPTS EXPAND NEAR-SURFACE FOOTPRINT AT KWANIKA.
HIGHLIGHTS INCLUDE 230.95m AT 0.99 % CuEQ AND 155m OF 0.93% CuEQ
Vancouver, BC – September 9, 2021 – NorthWest Copper (“NorthWest” or “the Company”) (TSX-V: NWST)
(OTCQX: NWCCF) is pleased to announce that assays have been received from the initial surface expansion
and confirmation drilling at Kwanika. The results, with consistently high-grade intercepts starting at 25 to
36 metres downhole, support Kwanika as a unique high-grade porphyry copper-gold deposit and expand
the near-surface footprint of potential open pit mineralization. Additional Kwanika results will follow for
ongoing deeper drilling and step -out drilling. As a reminder our first East Niv drill program is also in
progress. Additional assay results will be disclosed as results become available.
Highlights are given below:
• Drillhole K-21-205 – 230.95m1 at 0.99% CuEq2 including 94.6m at 1.62% CuEQ
• Drillhole K-21-207 – 187m at 0.81% CuEq including 73.0m at 1.22% CuEQ
• Drillhole K-21-208 – 196m at 0.65% CuEq including 52.5m at 1.47% CuEQ
• Drillhole K-21-209 – 154.5m at 0.93% CuEq including 53m at 1.66% CuEQ
• Drillhole K-21-211 – 137.5m at 0.91% CuEq including 71m at 1.34% CuEQ
A plan map and figures are included below.
The 2021 drill program at Kwanika was designed to expand and better define coherent zones of high grade
Cu-Au mineralization and use this as a basis for an updated resource estimate and future economic study.
Since the creation of NorthWest in March 2021 we have focussed on our high-grade Stardust deposit and
on the high-grade portion of Kwanika. We delivered favourable Stardust metallurgy in April 2021 and an
updated and expanded high-grade Stardust resource in May 2021. The current drill assay results enhance
and expand the near -surface high-grade portion of Kwanika. These results, along with a set of deeper
holes still to be released, will support an updated Kwanika resource planned for Q4 2021. Kwanika is
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).
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unique not only in having a distinct and coherent high-grade zone of mineralization, but also by having it
come close to the surface. The current near-surface results clearly support this.
The assays from this drilling enhance the existing block model 3. The holes extend high -grade
mineralization into previously modelled lower grade zones and add confidence to the interpolated grade
in other areas. Tw o of the holes are outside of the historic grade boundary. These two holes, K-21-207
and K-21-208, can be seen to intersect grades up to and above 1% copper equivalent (“CuEQ”) into areas
with lower grade to no grade. This can be seen in Figure 2.
Peter Bell, President & CEO of NorthWest states: “These are excellent first results and a great start for our
new company, NorthWest Copper. They highlight the high -grade nature of our Kwanika deposit and
increase the near -surface footprint of that mineralization. The new results will be incorporated in our
updated Kwanika resource planned for Q4 2021 . We will have additional drill results from deeper holes
and step out targets to follow these results.”
“The expansion of the Kwanika high-grade footprint compliments the new high-grade resource at our
adjacent Stardust project, presented to the market in May. We believe both deposits to be exceptional
and the results to date support our strategy of advancing these scalable high-grade Cu-Au projects. Every
hole in this program intercepted significant intervals of copper equivalent grade above 1% starting at the
bedrock surface as shallow as 25 m . The identification of additional high-grade so close to surface is
especially valuable to the project as it is easy to access and early in the life of a potential mining
operation.”
These results represent the first 2 ,000 metres of a program of more than 8 ,500 metres of drilling at
Kwanika. We expect additional results later this month for the deeper Kwanika holes followed by ongoing
results from East Niv and Kwanika regional exploration.
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 overburden 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 is provided below:
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) 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
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
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 MA20 0 process for all
samples (ICP-MS/4 acid digestion ) and the MA 370 process for overlimit samples of higher level
concentration (ICP-ES/4 acid digestion). Gold assaying was completed with FA 430, a 30- gram fire assay
with AAS 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.
Stardust
As a continuation of the Kwanika drilling, NorthWest is drilling three holes at Stardust. These are intended
to test continuity of mineralization below the main trend and parallel to the main trend. The three-hole
program is expected to commence shortly.
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.
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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 depo sits; anticipated advancement of mineral properties 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 fut ure 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 similar
expressions. All statements, other than statements of h istorical 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 Coppe r’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 conditi ons 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 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. No rthWest 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
Sec on 6,156,255 NSec on 6,156,255 NSec on 6,156,255 N
Sec on 351,540 ESec on 351,540 ESec on 351,540 E
Sec on 6,156,285 NSec on 6,156,285 NSec on 6,156,285 N
0 100m
K-21-207
K-21-205
K-21-209
K-21-211
K-21-208
Drillholes
< 0.7
< 0.1
< 1.0
< 0.3
< 0.5
> 1.0
KWANIKA COPPER PROJECT
Plan View
Drill Results to accompany
Press Release Septembe
r 9th 2021
FIGURE 1
North estc pper
Historic Collar
2021 Drill hole
2019 Resource Block Model Shape
(see 2019 43-101 Technical report
effective December 14, 2018)
Drill hole CuEq
CuEq (%)
6156700N
6156000N
o ve r b u rd e n
s e d i m e nt s
K-21-208 K-21-207
K-08-111
K-07-30
K-07-28K-07-29
K-18-182
K-18-189
K-08-86 K-07-54 K-07-40 K-07-14
K-18-180
K-20-198
351300E
1040m
970m
900m
830m
760m
690m
351400E 351500E 351600E 351700E 351800E
W Sec on 6,156,255 N E
0 100m
Block Model (2019)
Drill hole CuEq
< 0.7
< 0.7
< 0.1
< 1.0
< 1.0
< 0.3
< 0.5
> 1.0
< 0.1
< 0.3
< 0.5
> 1.0
KWANIKA COPPER PROJECT
Sec on 6,156,255 N
Drill Results to accompany
Press Release September 9th 2021
FIGURE 2
North estc pper
(see 2019 43-101 Technical report
2019 Resource Shape
NOTE: K-21-208 Projected to section
CuEq (%)
CuEq (%)
effective December 14, 2018)
Open Pit confining
o ve r b u rd e n
s e d i m e nt s
K-21-205 K-21-209
K-21-211
K-20-198
K-07-28
K-07-19
K-18-189
K-18-180
K-18-182
351300E
1040m
970m
900m
830m
760m
690m
351400E 351500E 351600E 351700E 351800E
W Sec on 6,156,285 N E
0 100m
Block Model (2019)
Drill hole CuEq
< 0.7
< 0.1
< 1.0
< 0.3
< 0.5
> 1.0
< 0.1
< 0.3
< 0.5
> 1.0
KWANIKA COPPER PROJECT
Sec on 6,156,285 N
Drill Results to accompany
Press Release September 9th 2021
FIGURE 3
North estc pper
CuEq (%)
< 0.7 CuEq (%)
< 1.0
Open Pit confining
2019 Resource Shape
(see 2019 43-101 Technical report
effective December 14, 2018)
o ve r b u rd e n
s e d i m e nt s
K-21-208
K-21-205
K-21-211 K-21-207
K-21-209
K-07-32
K-18-184
K-07-33
K-08-65
K-08-62
K-07-47
K-07-43 K-07-46
K-07-24
K-07-25
K-07-26
K-07-28
K-07-38
K-20-198
K-07-14
K-07-49
K-18-190
K-18-187
K-07-23
6156100N
1040m
970m
900m
830m
760m
690m
6156200N 6156300N 6156400N 6156500N
S Sec on 351,540 E N
0 100m
Block Model (CuEq)
CuEq Final
< 0.7
< 0.7
< 0.1
< 1.0
< 1.0
< 0.3
< 0.5
> 1.0
< 0.1
< 0.3
< 0.5
> 1.0
KWANIKA COPPER PROJECT
Sec on 351,540 E
Drill Results to accompany
Press Release September 9th 2021
FIGURE 4
North estc pper
Block Model (2019)
Drill hole CuEq
< 0.7
< 0.7
< 0.1
< 1.0
< 1.0
< 0.3
< 0.5
> 1.0
< 0.1
< 0.3
< 0.5
> 1.0
CuEq (%)
CuEq (%)
Open Pit confining
2019 Resource Shape
(see 2019 43-101 Technical report
effective December 14, 2018)