Northwest Copper Reports ON the Progress of the 2022 Exploration Program Andthe Startup of the 2022 East Niv Drill Program
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News Release
NORTHWEST COPPER REPORTS ON THE PROGRESS OF THE 2022
EXPLORATION PROGRAM ANDTHE STARTUP OF THE 2022 EAST NIV
DRILL PROGRAM
Vancouver, BC – July 11, 2022 – NorthWest Copper (“NorthWest” or “the Company”) (TSX-V: NWST)
(OTCQX: NWCCF) is pleased to announce that drilling has started at our 100%-owned East Niv project in
north-central British Columbia. East Niv is our third drill project to be activated in 2022, with drilling
already in progress at Kwanika and Stardust where 26 holes have been completed this year. The East Niv
program is approximately 3,400 m of drilling and six drill holes in the first phase for 2022.
2022 Exploration Update
Drilling at Kwanika started in March and at the adjacent Stardust project shortly after 1. East Niv drilling
has just started (see below) and drilling at Lorraine is expected to commence in August 2022. NorthWest’s
extensive drill program for 2022 plans for a total of over 30,000 metres over its portfolio – including
Kwanika, Stardust, East Niv and Lorraine.
There are currently three drill rigs working at Kwanika and Stardust and approximately 10,000 metres of
drilling have been completed at the two projects so far thi s year. Three holes have been completed at
Stardust and 23 holes have been completed at Kwanika. Assay turnaround has been slower than expected,
however we look forward to updating the market as the assay backlog is reduced and results become
available.
The Kwanika drilling has been focused around the Kwanika Central Zone 2, both north and south of the
mineralized footprint testing for potential expansion and for higher grade zones within the deposit. The
extension targets are labelled in Figure 1. The more limited Stardust drilling to date has targeted
incremental extensions of the high grade 421 Zone. Stardust drilling is not shown in detail, but Stardust is
shown in relation to Kwanika in Figure 2.
In addition to the drilling, we have conducted two ge ophysical surveys at Kwanika. A Time Domain
Electromagnetic ( TDEM) geophysical survey is complete and we are currently finishing a 3D -Induced
Polarization geophysical survey that will cover approximately 2,000 hectares. Interpretations of this work
may identi fy new exploration targets. We will continue to provide updates on the progress of our
exploration programs over the course of the next several months, including targets tested and results.
1 See press release dated March 31, 2022 available at www.northwestcopper.ca and the Company’s profile
at www.sedar.com.
2 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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Startup of the 2022 East Niv Drill Program
The East Niv discovery was a key success for NorthWest in 2021. Drilling in 2021 outlined a mineralized
footprint of 1.5 x 1.0 km, open in all directions. The strongest mineralization was intersected at the
northwest edge of this footprint. Copper-gold mineralization was encountered in 8 of 10 holes drilled at
East Niv in 2021 , and all 10 drill holes contained strong to intense, sulphide -bearing alteration types
consistent with those in major porphyry copper -gold deposits throughout the Quesnel -Stikine tectonic
belt. Isotopic dates on intrusions and m ineralization link East Niv to the late Triassic Takla Group, which
along with the correlative Stuhini and Nicola Groups host most of the copper -gold porphyry systems in
British Columbia. Porphyry m ineralization in this belt commonly occurs in clusters and t he numerous
magnetic, induced polarization, and geochemical anomalies at East Niv provide multiple targets consistent
with this pattern . Drilling in 2021 also encountered a gold -only mineralized zone with 41.00 metres of
1.24 g/t gold including 2.00 metres of 10.5 g/t gold within the porphyry footprint. The relationship
between the gold-only zone and porphyry mineralization is unknown.
The 2022 program is designed to expand the known high-grade zone and test for additional copper-gold
zones. Figure 3 shows holes planned to offset the strongest mineralization from 2021, currently open to
the northwest. Figure 4 shows regional targets to test for additional porphyry copper-gold centres based
on geophysical and geochemical anomalies. Our geologic knowledge of this new area is evolving and our
exploration program in 2022 will remain focussed on understanding the scale of what we have found and
the prospectivity of the region around it. We will continue to use helicopter support to maximize flexibility
and minimize disturbance from drilling.
East Niv is a grassroots discovery, but also benefits from being close to existing infrastructure. The area of
2021 drilling is approximately 30 km from Centerra Gold’s Kemess Project which has a processing plant
and tailings facilities under care and maintenance. The eastern edge of our East Niv claim block is crossed
by a power and road corridor which continues north to Kemess.
“We started our exploration program very early this year with drilling at Kwanika in March” stated
President and CEO Peter Bell. “We have not received assay results as early as hoped, however, we are still
well ahead of our program in 2021 and expect the first portion of drill results to be available for release
in the coming weeks.”
“NorthWest’s discovery of East Niv in 2021 was a significant milestone for the Company, creating a new
hub of copper -gold mineralization” continued Mr. Bell. “ We are extremely excited to begin the 2022
program which will focus on growing the high-grade zones and adding to the scale of the project. A
grassroots discovery is rare enough but the proximity to infrastructure makes East Niv quite extraordinary.
We look forward to updating the market as we progress the 2022 program.”
Investor Awareness Program
The Company is also pleased to announce it has engaged Machai Capital Inc. (“Machai”) to provide certain
digital awareness services to the Company.
Machai is a marketing, advertising and public awareness firm based out of Vancouver, British Columbia,
specializing in the mining and metals sector. Machai has agreed to comply with all applicable securities
laws and the policies of the TSXV in providing services to the Company. The engagement is effective July
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7, 2022 and has a term of six months. Under the terms of the agreement, Machai will be paid a total of
CAD$50,000, to be paid in two equal instalments.
The Company and Machai act at arm’s length and to the knowledge of the Company, Machai does not
currently own any securities of NorthWest. The engage ment of Machai remains subject to the approval
of the TSXV.
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 jurisdictio n, NorthWest Copper is well positioned
to participate fully in a strengthening global copper market. We are committed to working collaboratively
with First Nations to advance our work in a culturally and environmentally respectful 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:
Peter Lekich, Director Investor Relations
Tel: 604-697-4962
Email: [email protected]
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Figure 1: Kwanika 2022 Drill Target Areas
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Figure 2: Stardust and Kwanika Areas of Interest
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Figure 3: East Niv 2021 Drill Collars and 2022 Proposed Drill Collars
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Figure 4: East Niv 2021 and 2022 Exploration Areas
Technical aspects of this news release have been reviewed, verified and approved by Tyler Caswell P.Geo.,
Principal Geologist at NorthWest, who is a qualified person as defined by National Instrument 43-101 –
Standards of Disclosure for Minerals Projects.
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 in this
news release about anticipated future events or results constitute forward -looking information including but not limited to
statements with respect to: the East Niv property, the Company’s goals for 2022; geological interpretations; anticipated dril l
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; 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” a nd
“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 i nformation are
reasonable, undue reliance should not be placed on forward-looking information since NorthWest can give no assurance that such
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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 is 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 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, currency exchange rates and inflation; 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 financi ng to
develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in explorat ion 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 identifie d 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 statements 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.