Announcement Date: 2022-09-12
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: NorthWest Copper Corp.
Project name: Lorraine
Location: Canada
Commodities: Gold,Copper
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, BC – July 27, 2022 – NorthWest Copper Corp. (“NorthWest” or “the Company”) (TSX-V: NWST) (OTCQX: NWCCF) is pleased to announce a new updated independent, Mineral Resource Estimate (“MRE”) for its Lorraine property (the “Lorraine Project”), located approximately 280km northwest of Prince George, BC and approximately 40km from the Company’s Kwanika-Stardust Projects. The MRE has an effective date of June 30, 2022 and is based on historical drilling from 1949 to 2009. Details of the MRE are shown in Table 1. The updated MRE is based on “reasonable prospectsfor eventual economic extraction” and is constrained in a Lerchs Grossman (LG) open pit shell that was constructed using $US3.50/pound for Cu and $US1,650/ounce for Au. The Lorraine Project has multiple characteristics that are positive for potential future development The Lorraine Project is located in central British Columbia, 280km northwest of Prince George, BC and approximately 40km from NorthWest’s Kwanika-Stardust Projects (Figure 1), with favourable topography between the deposits. The Lorraine Project covers 56,000 hectares of ground, while the area containing the MRE at the 0.20% copper cut-off is 42.1 hectares in size and has a footprint of about 1.8 km by 0.5 km (Figure 9).
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