Northwest Copper Identifies Lorraine Boundary Target
News Release
NORTHWEST COPPER IDENTIFIES LORRAINE BOUNDARY TARGET
Vancouver, BC – July 6, 2023 – NorthWest Copper (“NorthWest” or “the Company”) (TSX -V:
NWST) (OTCQX: NWCCF) is pleased to announce that it has identified a prospective drill target
area approximately 6.5 kilometres northwest of the Lorraine deposit1. The Boundary Target is
shown in Figure s 1 & 2 and was identified by the NorthWest exploration team after a detailed
review of newly compiled historical data. The target was identified primarily by new
interpretations of:
• Magnetic and induced polarization geophysical surveys;
• Post-mineralization structures and their displacements;
• Surface rock geochemical results with values up to 11 % Cu, 60 g/t Au and 262 g/t Ag;
• Similar host geology and hydrothermal alteration to the Lower Main Zone at Lorraine; and
• A historical (1974), non-compliant resource of 7.2 Mt grading 0.55 % Cu and 3.7 g/t Ag2
in the northern portion of the target area.
"The Boundary Target is an other example3 of a high-priority exploration target in NorthWest's
portfolio that we would plan to test in the next drill program at Lorraine", said Interim President
and CEO David Moore. “ Boundary has the potential to add near-surface mineralization only 6.5
km from the current Lorraine resource. The target has only been tested in a restricted area by a
small number of relatively shallow historical drill holes. Our new interpretations of geology and
structure in combination with historical geochemical and dri lling results will be of great help in
locating and orienting new drill holes in this exci ting target. The Lorraine project offers many
excellent target opportunities with potential to add to the project’s resource base.”
1 See NI 43-101 technical report titled “Lorraine Copper-Gold Project NI 43-101 Report & Mineral Resource Estimate Omineca Mining Division,
B.C”, dated September 12, 2022, with an effective date of June 30, 2022, filed under the Company’s SEDAR profile at www.sedar.com.
2 Report on Preliminary Feasibility and Financial Analysis of the Boundary Deposit, Tam Property, C.V Dyson, November 1974, internal report
Union Miniere Explorations and Mining Co rporation Limited (“UMEX”). The use of the term “reserves” in the UMEX estimation of mineralized
material is a reproduction of the original terminology and does not reflect the current definition of the term “reserve” or imply that th ere are
current reserves defined within the area. No information regarding the methods or parameters used to calculate the historical mineral resource
estimate is available. The cut-off grade is not reported. The methods of estimation nor any statistical data are provided. The historical mineral
resource was calculated prior to the implementation of the standards set forth in NI 43 -101 and current CIM standards for mineral resource
estimation.
3 Please see NorthWest Copper ne ws release dated June 21, 2023 , available on our website www.northwestcopper.ca and SEDAR at
www.sedar.com.
Figure 1. Plan View of the Boundary Target Area
Figure 2. Cross Section A-A’ Showing Chargeability Model and Historic Drilling
Technical aspects of this news rel ease have been reviewed, verified, and approved by Tyler
Caswell, 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 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 copp er market. We are committed to
responsible mineral exploration w hich 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.
“David Moore”
Interim President and CEO
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, other
than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as
at the date of this news release. Any statement that involves discussion with respect to predictions, expect ations, beliefs, plans,
projections, objectives, assumptions, future events or performance (often, but not always using phrases such as “plans”, “expects”,
“is expect ed”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believ es” or variations (including
negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might”
or “will” be taken, occur or be achieved) are not statements of historical fact and may be forwar d-looking statements. . In this
news release, forward-looking statements relate, among other things, to statements with respect to: the Company’s goals for
2023; geol ogical interpretations; the estimation of Mineral Resources; magnitude or quality of mineral deposits; anticipated
advancement of m ineral properties or programs; future operations; mine plans; future exploration prospects; future growth
potential of NorthWest; and future development plans.
All statements, other than statements of historical fa ct, included herein, constitutes fo rward-looking information. Alt hough
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 ass urance 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 securi ties regulators. Forward -looking
information are subject to business and economic risks and uncertainties and other factors t hat 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 th e 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 conditio ns 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; campaigns by investors to effect changes in mana gement; 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 informa tion is based on estimates and opinions o f management at the date the information are made.
NorthWest does not undertake any obligation to update forward -looking information except as required by applicable securities
laws. Investors should not place undue reliance on forward-looking information.