NorthWest Copper Corp (TSX-V:NWST) said drilling has started at its Lorraine project in north-central British Columbia.
The start marks the company's fourth drill program of 2022, with drilling already underway at Kwanika where 28 holes were completed, Stardust where eight holes were completed, and East Niv where seven holes were completed.
"The start of Lorraine drilling follows the release of an updated Mineral Resource Estimate in July and we are excited to begin exploring on the project, as we believe it has great geologic potential. Our 2022 drill program will focus on increasing our understanding of the deposit, growing the Mineral Resource and testing new targets," NorthWest Copper president and CEO Peter Bell said in a statement.
READ: NorthWest Copper finds more high-grade copper and gold mineralization near surface at Kwanika project
"Lorraine has had significant historical drilling, but has not been drilled in nearly fifteen years. The new drilling will build on the historical data and allow us to continue to advance the project. Lorraine is also located in proximity to the proposed infrastructure for the Kwanika-Stardust projects and has the potential to be included in a regional development evaluation," he added.
The Lorraine project is located in central British Columbia, 280 kilometres (km) northwest of Prince George and approximately 40 km from NorthWest's Kwanika-Stardust projects, with favourable topography between the deposits and covers 56,000 hectares of ground. The company announced an updated Mineral Resource Estimate for Lorraine in July 2022.
Approximately 5,000 meters of drilling is planned for the 2022 drill program and the proposed drill holes will focus on the area covered by the updated Mineral Resource Estimate and will also include another regional target at the Tam zone.
The budget for the 2022 drill program is approximately $4.9 million with about $3.6 million in drilling and around $1.3 million in IP and EM surveys and other technical work.
NorthWest Copper is a new copper-gold explorer and developer with an exciting pipeline of projects in British Columbia. With a robust portfolio in a tier one jurisdiction, NorthWest Copper is well positioned to participate fully in a strengthening global copper market.
Contact the author at jon.hopkins@proactiveinvestors.com