Northwest Copper Announces Successful Step-Out Results from 2021 Kwanika Drilling. Mineralization Encountered Outside the Resource Areas with 137 Metres of 0.52% CuEq Including 34 Metres of 1.30% CuEq.
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News Release
NORTHWEST COPPER ANNOUNCES SUCCESSFUL STEP-OUT RESULTS FROM 2021
KWANIKA DRILLING. MINERALIZATION ENCOUNTERED OUTSIDE THE RESOURCE
AREAS WITH 137 METRES OF 0.52% CUEQ INCLUDING 34 METRES OF 1.30%
CUEQ.
Vancouver, BC – March 10, 2022 – NorthWest Copper (“NorthWest” or “the Company”) (TSX-V:
NWST) (OTCQX: NWCCF) is pleased to announce that drilling at Kwanika has encountered strong
copper-gold grades in holes designed to expand the footprint of mineralization at the Kwanika
Central and Kwanika South Zones. These are the first results from 2021 Kwanika drilling that are
outside of the Central Zone footprint. Highlights include:
• K-21-223: 137.00 metres1 of 0.52% Copper Equivalent (“CuEq”) 2 including 34.00 metres
of 1.30% CuEq;
• K-21-221: 99.70 metres of 0.28% CuEq.
The 2021 Kwanika program focussed on enhancing high-grade copper-gold mineralization within
the known resource footprint of the Central Zone. This program was very successful incl uding
identification of a new style of very high -grade in hole K -21-2173. NorthWest also conducted a
limited step-out program, designed to test areas of sparse drilling around both the Central Zone
and the South Zone. To date the Central Zone contains the bulk of the tonnes and grade at
Kwanika. K-21-221 was drilled north of the Central Zone and K-21-223 and K-21-224 were drilled
at the South Zone.
K-21-223 is a high -grade intercept in the South Zone. South Zone mineralization is distinctive
from that of the Central Zone and includes significant levels of molybdenum as well as copper,
gold and silver. It is separated from the Central Zone by a fault system and is a little over one
kilometer to the southeast (Figure 1). The South Zone was drilled with mostly shallow and wide-
spaced holes by our predecessor company Serengeti Resources. Both new holes are encouraging
with K-21-223 being the highest grade and filling a sparsely drilled gap. More work is planned.
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). For intersections in the South Zone where Molybdenum is present, assumptions used in USD for the
copper equivalent calculation also include $9.00/lb. Molybdenum, 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) + (Molybdenum (%)
x 2.77).
3 See News Release dated October 27,2021 available at www.northwestcopper.ca and the Company’s profile at www.sedar.com
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K-21-221 was drilled several hundred metres north of the limit of the Central Zone resource
shape4(Figure 2). The target was developed with a combination of geochemical vectoring and a
coincident induced polarizatio n (IP) geophysical anomaly. The hole was drilled in a different
orientation than the surrounding holes to test a potentially mineralized intrusive body. The long
interval of anomalous gold and copper that was intersected opens up a large volume of undrilled
material to further exploration. This will be followed up in 2022.
“These results provide additional targets and, importantly, expansion potential at Kwanika ”
commented President and CEO Peter Bell. “The southern holes highlight the opportunity around
the South Zone, which is much less drilled than Kwanika Central Zone. The drilling by the team
continues to deliver high grades on multiple targets, consistent with our high- grade corporate
focus. The northern hole shows the undrilled po tential north of the Kwanika Central Zone,
identified through interpretation by our geologists. We look forward to following up these results
in the 2022 program.”
Table 1: Drill Results From This News Release
Hole From (m) To (m) Interval (m)¹ Cu (%) Au (g/t) Ag (g/t) Mo (%) CuEq² (%)
K-21-221 559.60 659.30 99.70 0.18 0.13 0.8 0.00 0.28
K-21-223 222.25 359.00 136.75 0.46 0.05 2.6 0.01 0.52
Incl. 307.00 341.00 34.00 1.11 0.12 6.7 0.01 1.30
K-21-224 45.00 83.00 38.00 0.20 0.09 1.3 0.04 0.38
K-21-225 No Significant Values
K-21-226 No Significant Values
The drill hole s reported here encountered materials geologically like those intersected by
previous drilling campaigns. At Kwanika Central, c opper-gold porphyry -style mineralization is
hosted by intermediate to felsic intrusions and by greatly subordinate mafic volcanic rocks .
Highest grade intervals commonly correlate with the abundance of very well mineralized quartz-
sulphide veins that conta in chalcopyrite variably accompanied by bornite . D isseminated
mineralization occurs in strong potassic alteration between and related to the se veins, but also
in areas of pervasive potassic alteration. Mineralization is dominated by hypogene sulphide, with
a mostly narrow zone of paleo-supergene mineralization that is commonly present at the top of
the mineralized interval. Late-to post-mineral dykes locally cut the copper-gold mineralization.
The South Zone is hosted by a quartz monzonite intrusion that has not been encountered at
Kwanika Central. Mineralization is hypogene and occurs in zones of potassic alteration related to
quartz-sulphide veins, and more locally in altered breccias. The South Zone to date is
distinguished by higher molybdenum grades than Kwanika Central.
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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Table 2: Previously Released 2021 Kwanika Drill Results
Hole From (m) To (m) Interval (m)¹ Cu (%) Au (g/t) Ag (g/t) CuEq² (%)
K-21-205 35.70 266.65 230.95 0.56 0.58 1.9 0.99
incl. 35.70 130.30 94.60 0.80 1.10 2.6 1.62
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-21-207 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-21-210 263.50 680.00 416.50 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-21-211 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 71.70 273.90 202.20 0.31 0.59 1.2 0.74
incl. 71.70 117.50 45.80 0.58 1.37 2.0 1.57
K-21-213 38.50 218.50 180.00 0.23 0.38 0.8 0.50
incl. 38.50 77.00 38.50 0.33 0.71 1.2 0.85
K-21-214 63.50 204.00 140.50 0.28 0.37 1.2 0.56
incl. 63.50 127.00 63.50 0.35 0.57 1.6 0.77
K-21-215 Hole abandoned before target
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-21-217 253.15 488.60 235.45 2.00 1.21 5.3 2.92
incl. 293.00 446.25 153.25 2.84 1.69 7.5 4.13
also incl. 326.65 336.05 9.40 29.85 4.34 70.5 33.60
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
K-21-220 257.10 537.10 280.00 0.59 0.66 2.0 1.08
incl. 353.45 495.00 141.55 0.75 1.00 2.7 1.49
also incl. 481.15 495.00 13.85 1.03 4.29 4.9 4.16
K-21-222 200.40 428.00 227.60 0.39 0.60 1.3 0.83
incl. 312.20 428.00 115.80 0.52 1.09 1.8 1.32
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Hole From (m) To (m) Interval (m)¹ Cu (%) Au (g/t) Ag (g/t) CuEq² (%)
also incl. 345.00 393.00 48.00 0.70 2.23 2.5 2.33
also incl. 359.00 363.00 4.00 1.52 4.85 5.1 5.05
also incl. 379.00 383.00 4.00 1.12 3.57 4.3 3.72
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 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 overlimit s 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. We are committed
to working collaborative with Indigenous and local communities to create economic
opportunities while conducting our work in a culturally and environmentally responsible manner.
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
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
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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 estimatio n of mineral resources; magnitude or quality of mineral 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” occur 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 Canadian
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 Nort hWest; 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 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 r equired by applicable securities laws. Investors
should not place undue reliance on forward-looking information.
KWANIKA COPPER PROJECT
2021 Drill Hole Loca ons
Drill Results to accompany
FIGURE 1
Press Release March 10th, 2022
North estc pper
0 500m
2017 PEA CONCEPTUAL
OPEN PIT SHAPE
CENTRAL ZONE
SOUTH ZONE
CONCEPTUAL OPEN PIT
CONFINING 2019 PIT
RESOURCE
Sec on P
arallel K
-21-221
Drillholes
- Historic Collar
- 2021 Drill hole
- 2021 Drill Hole
previously released
K-21-221
K-21-224
K-21-223
K-21-225
K-21-226
ove r b u rd e n
s e d i m e nt s
s e d i m e nt s
980m
910m
840m
770m
700m
630m
560m
490m
420m
350m
280m
210m
140m
70m
351545E
6155958N
351507E
6156154N
351469E
6156351N
3514307E
6156547N
351392E
6156743N
351354E
6156940N
351316E
6157136N
CONCEPTUAL
2019 RESOURCE
BLOCK CAVE
K-21-221 Sec on ParallelSSE NNW
0 100m
CONCEPTUAL
OPEN PIT CONFINING
2019 PIT RESOURCE
K-21-217
K-20-200
K-07-23
K-07-47
K-07-49
K-21-208K-21-207 K-21-212
K-21-205
K-07-38
K-07-14
K-07-18
K-07-24
K-07-25
K-07-26K-07-27
K-18-192
K-08-100
K-12-174 K-16-178
K-12-175
K-08-101
K-20-196
K-12-176
K-07-19
K-18-182
K-18-185
K-07-32
K-07-11
K-07-40
K-07-46
K-08-114
K-07-45
K-20-197
K-20-202
K-21-218
K-08-65
K-07-43
K-21-210
K-16-177
K-21-220 K-21-222
K-21-221
KWANIKA COPPER PROJECT
K-21-221 Sec on Parallel
Drill Results to accompany
FIGURE 2
Press Release March 10th, 2022
North estc pper
Block Model (2019)
Drill hole CuEq
CuEq %
CuEq %
< 0.7
< 0.7
< 1.5
< 1.5
< 0.3
< 0.3
< 0.1
< 0.1
< 1.0
< 1.0
< 0.5
< 0.5
> 1.5
> 1.5
0.18% Cu, 0.13g/t Au, 0.8 g/t Ag
0.28g/t CuEq
99.70 m