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August 18, 2022
VANCOUVER, British Columbia, Aug. 18, 2022 — NorthWest Copper (“NorthWest” or “the Company”) (TSX-V: NWST) (OTCQX: NWCCF) is pleased to announce that drilling has started at our Lorraine project in north-central British Columbia. Lorraine is the Company’s fourth drill program of 2022, with drilling already underway at Kwanika (28 holes completed), Stardust (eight holes competed) and East Niv (seven holes 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,” stated President and CEO Peter Bell. “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.”
The Lorraine Project
The Lorraine project is located in central British Columbia, 280km northwest of Prince George, BC and approximately 40km 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 2022¹ (see Table 1 below).
Approximately 5,000 meters of drilling is planned for the 2022 drill program (Figure 1) and the proposed drill holes will focus on the area covered by the updated Mineral Resource Estimate (Bishop, Lower Main and Upper Main zones) and will also include another regional target at the Tam zone. The budget for the 2022 drill program is approximately $4.9 million with approximately $3.6 million in drilling and approximately $1.3 million in IP and EM surveys and other technical work.
Table 1: Lorraine Mineral Resource Estimate at 0.20% copper cut-off grade (effective date June 30, 2022)
Differences may occur in totals due to rounding
Figure 1: Proposed 2022 Drilling Target Areas:
Technical aspects of this news release have been reviewed, verified and approved by Tyler Caswell P.Geo., Principal Geologist of NorthWest, who is a Qualified Person as defined by NI 43-101.
About NorthWest Copper:
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. We are committed to working collaboratively with First Nations to advance our work in a culturally and environmentally respectful manner. Additional information can be found on the Company’s website at www.northwestcopper.ca .
On Behalf of the Board of Directors of NorthWest Copper Corp.
Director, President and CEO
For further information, please contact:
Peter Lekich, Director Investor Relations
Email: [email protected]
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