Northwest Copper Intersects 33.60% CuEq over 9.40 Metres Within a 235.45 Metre Interval of 2.92% CuEq, Discovering a New Style of High-Grade Mineralization at Kwanika
Page 1 of 4
News Release
NORTHWEST COPPER INTERSECTS 33.60% CuEq OVER 9.40 METRES WITHIN A
235.45 METRE INTERVAL OF 2.92% CuEq, DISCOVERING A NEW STYLE OF
HIGH-GRADE MINERALIZATION AT KWANIKA
Vancouver, BC – October 27, 2021 – NorthWest Copper (“NorthWest” or “the Company”) (TSX-
V: NWST) (OTCQX: NWCCF) is pleased to announce that drillhole K -21-217 has returned the
highest-grade Cu -Au interval ever intersected at Kwanika. The interval consists of massive to
semi-massive copper and gold mineralization at moderate depth in the western half of the
deposit. It expands the high-grade portion of the deposit, introducing a new style of
mineralization. The drill intercept returned the following mineralized intervals:
• 235.
45 metres1 of 2.92% copper equivalent (“CuEq”)2 comprising 2.00% copper, 1.21 g/t
gold and 5.3 g/t silver containing;
• 153.25 metres of 4.13% CuEQ compris ing 2.84% copper, 1.69 g/t gold and 7.5 g/t silver,
further containing;
• 9.40 metres of 33.60% CuEQ comprising 29.85% copper, 4.34 g/t gold and 70.5 g/t silver.
“This drill hole is a game changer for our Kwanika Deposit and for the region, ” says Peter Bell,
President & CEO . “ The very high grade within a larger porphyry system is very unusua l and
establishes a brand new and incredibly exciting target type. We drilled one of the highest-grade
drill holes reported globally in 2018, when DDH18-SD-421 intersected 100 metres of 5.30% CuEq,
at our adjacent Stardust deposit. This new Kwanika drill hole is even higher-grade than drill hole
421 and occurs just 7 km away. The presence of such extraordinary grades in multiple deposits is
both sur prising and rare and opens up multiple , very high -grade exploration targets over a
substantial area.”
T
able 1: Significant Drill Results From This News Release
Drill Hole From
(m) To (m) Interval
(m)¹ Cu (%) Au (g/t) Ag
(g/t) CuEq² (%)
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
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, $1,6 00/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).
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A plan map, figures and complete list of 2021 drill results are included below.
NorthWest’s goals at Kwanika in 2021 included expanding the high-grade zone and improving the
grade within it by drilling angled holes across mineralized structural zones with closer-spaced
drilling. Our results to date have exceeded our expectations, both expanding and improv ing the
continuity and grade. This recent hole is higher grade than any previously drilled on our Kwanika
property and importantly appears to be a new style of mineralization. The relationship of this
new style of mineralization to the rest of the mineralization is not yet clear, but it adds another
style of high -grade to the suite of exploration targets at Kwanika and the Company’s adjacent
Stardust project.
NorthWest has focussed on the high-g rade portion of Kwanika and adja cent high-grade
Stardust deposit since the Company wa s created in Ma rch. Our previous Kwanika assay
results3 followed releases of favourable Stardust metallurgy in April 2021 4 and an expanded
high-grade Stardust resource in May 2021. The near-s urface results, drill hole K-21-217, and
another set of deeper holes still to be released, will support an updated Kwanika resource
planned for Q4 2021.
Copper-gold mineralization in the intervals reported below is hosted by diorite and
monzonite intrusions and occurs disseminated through strong potassic alteration and in
quartz-sulphide veins. Two late-m ineral dykes cut the mineralization below 418.10 metres.
The extremely high-g rade interval from 326.65-3 36.05 metres consists of semi-
massive to massive chalcocite/digenite, bornite, and covellite that form the matrix to a
breccia. Breccia textures are locally preserved in this interval and the mecha nism of its
formation has not been determined. Within the middle of the high grade 9.40 me tre interval,
there was 1.20 me tres of core tha t was ground and thus lost during the drilling process; for the
purpose of the grade calculation this core was included within the calculation as zero grade over
the 1.20 metre length.
A full table of K-21-217 results is provided below, along with a detaile d breakdown of the
grade distributions that make up these broa der intersections: T
able 2: Breakdown of Grades Within K-21-217 Drill Intercept
Drill Hole From
(m) To (m) Interval
(m)¹ Cu (%) Au (g/t) Ag
(g/t) CuEq (%)
K-21-217 253.15 293.00 39.85 0.67 0.13 1.7 0.79
K-21-217 293.00 326.65 33.65 1.71 0.45 4.9 2.08
K-21-217 326.65 336.05 9.40 29.85 4.34 70.5 33.60
K-21-217 336.05 446.25 110.20 0.89 1.84 2.9 2.24
K-21-217 446.25 488.60 42.35 0.21 0.49 0.9 0.57
3 See News Releases dated September 9, 2021 and September 28, 2021 available at www.northwestcopper.ca and the Company’s profile at
www.sedar.com
4 See News Release dated April 19, 2021 available at www.northwestcopper.ca and the Company’s profile at www.sedar.com
Page 3 of 4
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 MA200 process for low level co ncentrations (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, 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.
Market-Making Disclosure
The Company has entered into a market -making services agreement with Independent Trading
Group (ITG), Inc. (“ ITG”), pursuant to which ITG has agreed to provide certain market making
services to the Company principally to assist in providing liquidity and stability to the Company’s
common shares trading on the TSX Venture Exchange. In consideration for such services, the
Company will pay a monthly fee in the amount of $5,000. The agreement is for an initial term of
three months and automatically renewed for one -month periods thereafter, unless terminated
by either party on 30 days’ prior written notice.
ITG and its representatives are arm’s length from the Company. Further, the Company is advised
that ITG does not have any interest, directly or indirectly , in NorthWest or its securities nor any
right to acquire such an interest. The engagement of ITG remains subject to the approval of the
TSX Venture Exchange.
ITG will commence providing market making services on October 28, 2021.
About NorthWest Copper:
NorthWest Copper is a new copper -gold explorer and developer with an exciting pi peline 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.
Page 4 of 4
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 Statements
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 Company’s goals for 2021;
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 wo rds 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 include 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 agencie s 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- 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
0 100m
KWANIKA COPPER PROJECT
Plan View
Drill Results to accompany
Press Release October 27th 2021
FIGURE 1
North estc pper
2019 Resource Block Model Shape
(see 2019 43-101 Technical report
effec ve December 14, 2018)
6156700N
6156000N
Drillholes
- Historic Collar
- 2021 Drill hole
Drill hole CuEq
CuEq (%)
- 2021 Drill Hole
previously released
< 0.7
< 1.5
< 0.3
< 0.1
< 1.0
< 4.0
< 0.5
> 4.0
Sec on 351,495 E
K-21-207
K-21-205
K-21-209
K-21-211
K-21-208
K-21-214
K-21-213
K-21-212
K-21-217
900m
760m
620m
480m
340m
830m
690m
550m
410m
270m
970m
6156000N 6156100N 6156300N6156200N 6156400N
o ve r b u rd e n
sedimentary
rocks
S Sec on 351,495 E N
0 100m
OPEN PIT
CONFINING
2019 P RESOURCEIT
BLOCK CAVE
2019 RESOURCE
K-07-48
K-07-23
K-07-47
K-07-38
K-07-14
K-07-43
K-16-177
K-08-62
K-08-114
K-18-181 K-18-189
K-08-113
K-20-198
K-07-19
K-07-32
K-07-25
K-07-26
K-07-24
K-18-185
K-18-182K-07-12
K-07-18
K-07-46
K-07-40
K-07-28
K-07-30
K-07-45
K-08-65
K-21-217
Block Model (CuEq)
CuEq Final
< 0.7
< 0.7
< 1.5
< 1.5
< 0.3
< 0.3
< 0.1
< 0.1
< 1.0
< 1.0
< 4.0
< 4.0
< 0.5
< 0.5
> 4.0
> 4.0
KWANIKA COPPER PROJECT
Sec on 351,495 E
Drill Results to accompany
FIGURE 2
Press Release October 27th 2021
North estc pper
FIGURE 3: K-21-217 Mineralized Drill Core
Drill Results from 2021 Kwanika Drill Program
Hole From (m) To (m) Interval (m)1 Cu (%) Au (g/t) Ag (g/t) CuEq (%)2
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 Results pending
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 Results pending
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 Results pending
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
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 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).
Technical aspects of th e above drill results table 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.