NorthWest Copper (TSX-V:NWST) has welcomed the results of the first three holes from ongoing drilling at its Kwanika project in British Columbia, which, it said, have underscored the asset's potential.
All three holes hit "significant" copper-gold grades in the southern part of the deposit, expanding the mineralized footprint and increasing the confidence in the resource estimate.
Kwanika and the adjacent Stardust deposit are NorthWest's flagship assets and the 2022 Kwanika program includes holes designed to expand the known resource, add new high-grade zones and to test for new centres of mineralization regionally.
"These three holes are just the first piece of news from our exciting 2022 Kwanika drill program, where we have already completed 25 holes," Northwest Copper CEO Peter Bell told investors.
"Kwanika continues to deliver high-grades with multiple plus 1 percent copper equivalent intervals. We look forward to more positive drill results from all our projects as we continue to progress the 2022 program," he added.
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Bell added that the firm continued to work with the Takla Lake First Nation and other communities of interest at Kwanika.
"Conducting our work in an environmentally and culturally responsible manner is important to NorthWest Copper's commitment to sustainability and reconciliation,"Bell said.
Highlight drill assays included an interval in one hole of 111.10 metres (m) at 0.51% copper and 0.15 grams per tonne (g/t) gold, or 0.63% copper-equivalent starting from 32.35m depth.
That interval included an intercept of 20m starting from 73.95m depth at 0.78% copper and 0.36 g/t gold, for 1.06% copper-equivalent.
NorthWest Copper said it is a new copper-gold explorer and developer with an exciting pipeline of projects in British Columbia.
Contact the writer at giles@proactiveinvestors.com