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NorthWest Copper says it is excited about more drilling this year at East Niv after 'excellent' assays from 2021 program

Published: 07:50 27 Jan 2022 EST

NorthWest Copper -
One hole hit 10.5 grams per tonne (g/t) gold in a 2 metres (m) intercept from 207m depth, which was within a broader interval of 41m grading 1.24 g/t of the yellow metal

NorthWest Copper (TSX-V:NWST) Corp has reported more positive drill findings at its East Niv project in British Columbia, the site of the company's newest discovery.

The company has now received all assays from last year's first-ever drill program (10 holes) at the property, which has expanded the copper, gold, silver mineralized footprint over a 1 kilometre (km) by 1.5 km area, Notably, the results have also uncovered a new high-grade gold zone.

One hole hit 10.5 grams per tonne (g/t) gold in a 2 metres (m) intercept from 207m depth. That was within a broader interval of 41m grading 1.24 g/t of the yellow metal.

"In our first season of drilling, we established East Niv as a significant new porphyry Cu-Au discovery with the release of ENV-21-004," said Peter Bell, CEO of NorthWest Copper.

READ: NorthWest Copper strikes property option agreement with Alpha Copper for its Okeover Copper project in British Columbia

"Now, we have shown that the mineralized footprint is large and open in multiple directions. Furthermore, we have found an exciting high-grade gold zone providing a new and compelling exploration target. We look forward to following up these excellent results with a full round of drilling in 2022," he added.

The East Niv asset lies 40 km south of the Kemess mine, within the eastern Stikine Terrane, which hosts numerous porphyry deposits including Kemess (Centerra Gold), Red Chris (Newcrest Mining/Imperial Metals) and Galore Creek (Newmont/Teck Resources).

NorthWest said it has over 150,000 hectares (Ha) of underexplored ground between Kemess and Mt Milligan - two long-life assets in an "area of exceptional infrastructure".

Other drill highlights announced on January 27 included 100.9m of 0.34% copper-equivalent from just 1.10m depth, including 12.50m of 0.45% copper-equivalent from 12m depth.

Also reported in another hole was 133.85m of 0.22% copper-equivalent from 327m depth, including 20.20m of 0.37% copper-equivalent.

As well as drilling last year, a regional exploration program was conducted across the East Niv property and a  detailed, low-altitude airborne magnetic survey at 100m line spacing was completed over 4,515 hectares of the property, centered on the main area of known mineralization.

Induced Polarization (IP) surveys were completed over 37.4 line km in the area of the new discovery and in adjacent target areas, while regional mapping was complemented by 166 rock samples, 601 soil samples, 67 stream silt samples, and 27 porphyry indicator mineral samples.

These regional exploration results will allow well-informed exploration and drilling programs to be completed this year, said the company.

NorthWest is a new copper-gold explorer and developer with an exciting pipeline of projects in British Columbia.

Contact the author at giles@proactiveinvestors.com

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