NorthWest Copper (TSX-V:NWST) told investors it has made a new copper-gold porphyry discovery at its East Niv property in British Columbia with the first drill campaign carried out there.
"A new discovery is extremely rare in any jurisdiction, but especially so in mature, well explored mineral belts," noted CEO Peter Bell in a statement.
"This new copper-gold system in the heart of B.C. porphyry country is incredibly exciting and significant. East Niv has been worked up from prospecting, mapping, geophysics, and geochemistry to drilling and discovery."
Bell highlighted that the mineralization discovered started at surface and that all four holes reported were mineralized and had "intersected different parts of the system".
READ: NorthWest Copper hits highest grade copper-gold interval at Kwanika; discovery seen as 'game changer' for company
"We have a very large property position and are located close to infrastructure and only 40km from the Kemess project," he added.
Ten holes were sunk at East Niv this year and assay results have been received for the first four, with six pending.
Highlight results from the four holes are an intercept of 81.60 meters (m) at 0.56% copper equivalent (CuEq) in one hole starting from just 3m depth, which included 14.80m at 1.02% CuEq starting at 15.20m.
Another hole hit 72.30m of 0.25% CuEq starting at 7.65m depth, including 16.05m at 0.32% CuEq starting at 50.8m depth.
The firm's wholly-owned East Niv asset was acquired by staking in 2018 and is a highly prospective copper-gold exploration target spanning over 43,000 hectares (Ha) in the eastern Stikine Terrane which has not seen meaningful exploration since the 1970s.
The project sits around 15km west of the Sustut copper deposit and 40km south of the Kemess gold and copper mine complex.
To date only a small portion of the over 43,000 Ha property has seen any detailed exploration.
Contact the author at giles@proactiveinvestors.com