- NorthWest Copper Corp. (NWST) has drilled a substantial copper-gold target on its Kwanika-Stardust Project in British Columbia
- Hole K-22-255 returned one of the longest and highest-grade copper-gold intervals ever found at the Kwanika deposit
- The bottom of K-22-255 sits in copper and gold mineralization which the company believes suggests the system continues
- NorthWest Copper is awaiting the assay results for seven more holes at Kwanika for the 2022 program
- NorthWest Copper Corp. (NWST) is up 16.67 per cent, trading at $0.25 per share as of 12:56 p.m. EST.
NorthWest Copper Corp. (NWST) has drilled a substantial copper-gold target during the 2022 drilling program on its Kwanika-Stardust Project in B.C.
Specifically, hole K-22-255 returned one of the longest and highest-grade copper-gold intervals found at the Kwanika deposit. The hole was intersected 1.01 per cent copper equivalent over 399.80 with the highest value of 2.67 per cent found over 22.50 metres.
President and CEO of NorthWest Copper, Peter Bell, commented,
“Hole K-22-255 highlights the strength of the mineralizing system at Kwanika Central… The hole shows a typical Kwanika pattern of copper dominant material higher in the hole then becoming much richer in gold at depth.”
The company stated it was collared approximately 120 metres from hole K-21-217 and tested a similar area of the deposit. K-21-217 intersected 235.45 metres of 2.65 per cent copper equivalent. This hole was characterized by a thick interval of strongly enriched gold grades within the copper zone.
As outlined in a recent preliminary economic assessment for the Kwanika-Stardust project, gold represented approximately 35 per cent of NorthWest Copper’s annual revenue. These new, high-grade results were not a part of the assessment.
The bottom of K-22-255 sits in copper and gold mineralization which the company believes suggests the system continues. NorthWest Copper is awaiting the assay results for seven more holes at Kwanika for the 2022 program.
NorthWest Copper Corp. (NWST) is up 16.67 per cent, trading at $0.25 per share as of 12:56 p.m. EST.