Northwest Copper Intersects 280 Metres of 1.08% CuEq Including 13.85 Metres of 4.16% CuEq, and 227.6 Metres of 0.83% CuEq Including 4.00 Metres of 5.05% CuEq at Kwanika.
Page 1 of 5
News Release
NORTHWEST COPPER INTERSECTS 280 METRES OF 1.08% CuEq INCLUDING 13.85
METRES OF 4.16% CuEq, AND 227.6 METRES OF 0.83% CuEq INCLUDING 4.00
METRES OF 5.05% CuEq AT KWANIKA.
Vancouver, BC – February 28, 2022 – NorthWest Copper (“NorthWest” or “the Company”) (TSX-
V: NWST) (OTCQX: NWCCF) is pleased to announce that drilling at Kwanika has intersected
additional high-grade copper -gold mineralization . Drill holes K-21-220 and K -21-222 returned
intervals of very high grades within much longer intervals of significant Cu -Au grades in the
vicinity of hole K-21-217 (9.4m of 33.60% copper equivalent “CuEq”) 1. Highlights include:
• K
-21-220: 280 metres2 of 1.08% CuEq3 including 13.85 metres at 4.16% CuEq;
• K-21-222: 227.60 metres of 0.82% CuEq including 4.0 metres at 5.05% CuEq.
The drilling shows the consistency of the high -grade core of Kwanika, with long intervals of
material at or near 1% copper equivalent. Within these long intervals are zones of much
higher grade. K-21-217 showed this most dramatically, with 9.4 m of 33.60% CuEq within a
broader interval of very strong copper a nd gold. K-2 1-220 a nd K-2 1-222 demonstrate the
same pattern. In the intervals reported, copper-g old porphyry-s tyle mineralization is
hosted by intrusions logged as monzonite and minor diorite t hat occur directly below
post-mineral sedimenta ry rocks. High-grade copper-g old mineralization occurs in strong
potassic alteration associated with abundant quartz-s ulphide veins and is predominantly
hypogene with subordinate supergene mineralization at the top of the intersections. These
results help validate our focus on high-g rade as well as supporting our planned 2022 program
in the enhanced grade area around K-21-217.
“These results deliver the consistent high-grade that characterizes the core of
Kwanika.” commented President and CEO Peter B ell. “High-grade copper-g old has been our
focus since we formed NorthWest Copper. We look forward to testing for additional high-
grade, including offsets of K -21-217, in 2022.”
1 See News Release dated October 27,2021 available at www.northwestcopper.ca and the Company’s 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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Table 1: Significant Drill Results From This News Release
Hole Target From(m) To(m) Interval
(m)²
Cu (PCT) Au (g/t) Ag
(g/t)
CuEq³
(PCT)
K-21-220 Central Pit High Grade 257.10 537.10 280.00 0.59 0.66 2.0 1.08
Including 353.45 495.00 141.55 0.75 1.00 2.7 1.49
And 481.15 495.00 13.85 1.03 4.29 4.9 4.16
K-21-222 Central Pit High Grade 200.40 428.00 227.60 0.39 0.60 1.3 0.83
Including 312.20 428.00 115.80 0.52 1.09 1.8 1.32
And 345.00 393.00 48.00 0.70 2.23 2.5 2.33
Also 359.00 363.00 4.00 1.52 4.85 5.1 5.05
Also 379.00 383.00 4.00 1.12 3.57 4.3 3.72
NorthWest Copper conducted drilling in 2021 at Kwanika, Stardust and East Niv. At Kwanika we
drilled both grade enhancement and step out holes. The two holes in this release are the final
ones from the 2021 grade enhancement drilling. The Kwanika step-out and Stardust drill assays
are pending. The Kwanika grade enhancement program consisted of angle holes to test the high-
grade core of Kwanika and improve resolution of both copper and gold grades in advance of our
preliminary economic assessment (PEA) plann ed for 2022. The program met its goals and
successfully identified the high-grade hole K-21-217, reported in late 2021.
NorthWest Copper plans to release a summary of our 2022 programs in the coming weeks. We
look forward to updating the market on the extensive exploration program planned across our
portfolio of projects in north-central British Columbia.
The drill holes reported herein encountered materials geologically similar to those intersected by
previous drilling campaigns. At Kwanika as a whole, copper-gold porphyry-style mineralization is
hosted by intermediate to felsic intrusions and by subordinate mafic volcanic rocks. The highest-
grade intervals commonly correlate with the abundance of very well mineralized quartz-sulphide
veins that c ontain chalcopyrite variably accompanied by bornite . Disseminated 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 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.
Page 3 of 5
Table 2: 2021 Kwanika Drill Results
Hole From (m) To (m) Interval (m)² Cu (%) Au (g/t) Ag (g/t) CuEq³ (%)
K-21-205 35.7 266.65 230.95 0.56 0.58 1.9 0.99
incl. 35.7 130.3 94.6 0.8 1.1 2.6 1.62
K-21-206 294.4 655.2 360.8 0.49 0.43 1.5 0.81
incl. 456.1 506.2 50.1 0.98 1.29 2.6 1.93
K-21-207 25.5 212.5 187 0.62 0.24 1.6 0.81
incl. 25.5 98.5 73 0.9 0.41 2.5 1.22
K-21-208 25.5 221.5 196 0.49 0.2 1.5 0.65
incl. 25.5 78 52.5 1.09 0.49 3.6 1.47
K-21-209 28.5 183 154.5 0.58 0.47 1.9 0.92
incl. 28.5 81.5 53 0.96 0.95 3.2 1.66
K-21-210 263.5 680 416.5 0.44 0.57 1.6 0.87
incl. 263.5 494 230.5 0.7 0.84 2.3 1.33
or incl. 391.5 492 100.5 0.78 1.54 2.7 1.91
K-21-211 36 173.5 137.5 0.64 0.36 1.9 0.91
incl. 36 107 71 0.88 0.61 2.7 1.34
K-21-212 71.7 273.9 202.2 0.31 0.59 1.2 0.74
incl. 71.7 117.5 45.8 0.58 1.37 2 1.57
K-21-213 38.5 218.5 180 0.23 0.38 0.8 0.5
incl. 38.5 77 38.5 0.33 0.71 1.2 0.85
K-21-214 63.5 204 140.5 0.28 0.37 1.2 0.56
incl. 63.5 127 63.5 0.35 0.57 1.6 0.77
K-21-215 Hole abandoned before target
K-21-216 498.9 749.5 250.6 0.5 1.17 1.8 1.36
incl. 564 635.9 71.9 0.9 2.38 2.9 2.64
K-21-217 253.15 488.6 235.45 2 1.21 5.3 2.92
incl. 293 446.25 153.25 2.84 1.69 7.5 4.13
also incl. 326.65 336.05 9.4 29.85 4.34 70.5 33.6
K-21-218 252.3 618.3 366 0.34 0.35 1.2 0.61
incl. 483.4 589.5 106.1 0.57 0.66 0.9 1.27
K-21-219 497.1 704.05 206.95 0.41 0.52 1.3 0.79
incl. 630.95 679.45 48.5 0.48 1.3 1.7 1.43
K-21-220 257.1 537.1 280 0.59 0.66 2 1.08
incl. 353.45 495 141.55 0.75 1 2.7 1.49
also incl. 481.15 495 13.85 1.03 4.29 4.9 4.16
K-21-221 Pending
K-21-222 200.4 428 227.6 0.39 0.6 1.3 0.83
Page 4 of 5
Hole From (m) To (m) Interval (m)² Cu (%) Au (g/t) Ag (g/t) CuEq³ (%)
incl. 312.2 428 115.8 0.52 1.09 1.8 1.32
also incl. 345 393 48 0.7 2.23 2.5 2.33
also incl. 359 363 4 1.52 4.85 5.1 5.05
also incl. 379 383 4 1.12 3.57 4.3 3.72
K-21-223 Pending
K-21-224 Pending
K-21-225 Pending
K-21-226 Pending
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 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. We are committed to working with the Indigenous and local
communities to conduct our work in an environmentally and culturally respectful manner. 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
Page 5 of 5
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 t o: the Company’s goals for 2022;
geological interpretations; anticipated drill results and exploration results; the estimation 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 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 stateme nts of historical fact,
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 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 ’s periodic filings with
Canadian securities regulators. Forward- looking statements are subject to business and economic risks and unc ertainties 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’s expectations inc lude 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 possibi lity 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 dat e the statements are made.
NorthWest does not undertake any obligation to update forward-l ooking statements except as required by applicable
securities laws. Investors should not place undue reliance on forward-l ooking 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 P
arallel
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 February 28th, 2022
FIGURE 1
North estc pper
K-21-214
K-21-213
K-21-212
K-21-220
K-21-222
ove r b u rd e n
s e d i m e nt s
1000m
860m
790m
720m
650m
580m
510m
1070m
930m
440m
351553E
6155900N
351524E
6156089N
351495E
6156184N
351467E
6156280N
351438E
6156376N
K-20-200
K-20-199
K-07-47
K-16-177
K-07-49
K-07-38
K-07-14
K-07-18
K-07-19 K-07-24K-07-13
K-18-185
K-07-11
K-07-29
K-18-189
K-07-43
K-08-62 K-08-181
K-08-113
K-18-180
K-20-198
K-18-182
K-07-32K-07-40
K-07-46
K-08-65
K-07-23
K-20-197
K-20-202
K-08-114
K-07-45
K-21-222K-21-217K-21-220
CONCEPTUAL
OPEN PIT CONFINING
2019 PIT RESOURCE
CONCEPTUAL
2019 RESOURCE
BLOCK CAVE
0 100m
SSE NNW
K-21-220,222 Sec on Parallel
KWANIKA COPPER PROJECT
K-21-220,222 Sec on Parallel
Drill Results to accompany
FIGURE 2
Press Release February 28th, 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