NorthWest Copper Corp (TSX-V:NWST) announced that drilling at its Kwanika deposit in British Columbia has encountered “multiple intersections of high-grade copper-gold porphyry mineralization,” which included 100.50 metres (m) of 1.9% copper equivalent and 71.90m of 2.6% copper equivalent.
The company said all five holes have intercepts of greater than 1% copper equivalent mineralization and “contain meaningful gold grades,” reinforcing the high-grade nature and continuity of the deposit.
“The discovery of a new very high-grade style of mineralization in hole K-21-217 was really exciting for Kwanika exploration,” NorthWest Copper (TSX-V:NWST) CEO Peter Bell said in a statement.
READ: NorthWest Copper hits highest grade copper-gold interval at Kwanika; discovery seen as 'game changer' for company
“Every hole in this release has material thicknesses of greater than 1% copper equivalent, demonstrating the wide distribution of high grades throughout the deposit,” Bell added.
NorthWest Copper (TSX-V:NWST) noted the holes are a continuation of the company’s angle hole drill program designed to expand and improve the high-grade part of the Kwanika resource.
It added that its 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.
The company said all its results to date have exceeded these goals and will support an updated Kwanika resource estimate planned for 4Q 2021.
NorthWest Copper is a newly combined company with a diversified copper-gold pipeline in British Columbia.
It is the result of a merger between Serengeti Resources and Sun Metals in March 2021, which joined two project portfolios to create a regional pipeline of assets from grassroot to development stage.
Contact Sean at sean@proactiveinvestors.com