NorthWest Copper Corp (TSX-V:NWST) announced positive results from its 2022 Lorraine drilling program, the first drilling conducted by the company on this property.
Lorraine is located approximately 40 kilometers north of NorthWest’s flagship Kwanika-Stardust project. The proximity to Kwanika-Stardust, the high-grade near-surface resource and the significant exploration potential have made it NorthWest’s exploration priority for 2023, the company said.
The drilling results indicate that mineralization extends beyond the limits of the mineral resource estimate3 and that the Lorraine system is “big, complex and open in multiple directions,” the company said.
Drilling encountered multiple intersections of copper, gold and silver outside of the resource shell, such as 45.85 meters at 0.61% copper equivalent (CuEq) from 109 meters including 23 meters at 0.98% CuEq from 109 meters.
A full breakdown of the results can be found here.
“Our goal for the 2022 drilling at Lorraine was to test concepts that could extend the resource beyond what was outlined in the mineral resource estimate, and we successfully hit mineralization peripheral to and below what was previously known,” CEO Peter Bell said in a statement.
“We are just getting started at Lorraine which we believe has very strong growth potential, not only around the resource but across the 65,817-hectare property. Drilling to date has been quite shallow and we are starting to identify deeper roots to the system.”
NorthWest Copper Corp (TSX-V:NWST) is a newly combined company with a diversified copper-gold pipeline in British Columbia, Canada - a Tier 1 mining jurisdiction.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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