Copper Equivalent (CuEq)
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NorthWest Intersects 27.7 Metres of 1.23% Copper and 1.53g/t Gold (2.63% CuEq) at Kwanika Starting at 198 Metres
Globenewswire· 2025-11-06 17:07
Core Insights - NorthWest Copper Corp. announced positive assay results from the third drill hole of its 2025 expanded diamond drilling program at the Kwanika project, indicating significant copper-gold mineralization and suggesting that the 2023 Preliminary Economic Assessment (PEA) may underestimate the project's economic potential [1][6][24] Drilling Results - Drill hole K-25-271 intersected multiple copper-gold zones, including a notable intercept of 27.7 metres grading 1.23% Cu and 1.53 g/t Au (2.63% CuEq) within the Central Zone [1][4] - The results from the drilling program have met or exceeded expectations, confirming the presence of higher-grade mineralization [2][6] - The hole also filled a 100-metre gap in mineralization between the Pit and Central Zones and extended the Western Zone down-dip beyond initial expectations [3][4] Mineralization Insights - The current drill program aims to define higher-grade zones targeting grades of approximately 1.5-2.5 times those in the 2023 PEA [4][6] - The results indicate that mineralization remains open both laterally and at depth, suggesting potential for further expansion [3][4] Future Plans - The company plans to release results from the remaining fifteen holes in the expanded 6,435 metre drill program over the coming weeks [5] - The CEO expressed optimism about the quality and growth potential of the higher-grade zones, with an updated mineral resource and new PEA expected in 2026 [6][24] Technical Aspects - The drilling was designed to validate and expand the understanding of structural controls on higher-grade copper-gold mineralization within the Target Model [9][24] - The assay results were analyzed using a combination of methods to ensure accuracy and precision, complying with global quality standards [18][20]