Northwest Copper Starts Drilling at Kwanika – Initial 7200 Metre Program
VANCOUVER, British Columbia, June 14, 2021 (GLOBE NEWSWIRE) — NorthWest Copper (“Northwest” or the “Company”) (TSXV:NWST) is pleased to report that drilling is now underway on the Kwanika/Stardust project in central British Columbia. The Kwanika program is expected to include a total of 7200 metres of drilling for 2021. The first phase of the drill program will target the high-grade portion of the Kwanika deposit, and the second phase of the drill program is planned to test high-priority regional program targets around Kwanika. A total of 18 holes are planned. Two diamond drill rigs are in use and projected to complete the initial program by the end of August. Funds are available for follow up drilling and Kwanika can be accessed year round.
Peter Bell, President & CEO of NorthWest Copper states: “We are excited to begin this important initial drill program at Kwanika. The high-grade portion of the Kwanika Deposit is a key component of our evaluation of the Kwanika/Stardust combination analysis. In addition, there are many prospective and untested targets around Kwanika that will be drilled this year. We look forward to delivering a new resource at Kwanika by year end and working diligently to advance our flagship Kwanika-Stardust Project.”
About NorthWest Copper:
NorthWest Copper is a new diversified 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. 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.
President and Chief Executive Officer
For further information, please contact:
Adrian O’Brien, Director Marketing & Communications
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Figure 1: Kwanika 2021 Planned Drillholes
Cautionary Statement Regarding Forward Looking Information
All statements, trend analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein, are forward-looking statements. Although NorthWest Copper believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since NorthWest Copper can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in NorthWest Copper’s periodic filings with Canadian securities regulators. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual results to differ materially from NorthWest Copper’s expectations include risks associated with the business of NorthWest Copper; risks related to reliance on technical information provided by NorthWest; risks related to exploration and potential development of the Projects; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time and additional risks identified in NorthWest Copper’s filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Forward-looking statements are based on estimates and opinions of management at the date the statements are made. NorthWest Copper does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.