The brand new high-grade interval consists of large to semi-massive copper and gold mineralization at reasonable depth within the western half of the deposit. It expands the high-grade portion of the deposit, introducing a brand new fashion of mineralization.
The highlighted drill intercept returned 235.45 m of two.92% copper equal (CuEq), comprising 2% Cu, 1.21 g/t Au and 5.3 g/t Ag. This intercept included a mineralized interval of 153.25 m of 4.13% CuEQ comprising 2.84% Cu, 1.69 g/t Au and seven.5 g/t Ag, and additional accommodates 9.4 m of 33.6% CuEQ comprising 29.85% Cu, 4.34 g/t Au and 70.5 g/t Ag.
“This drill gap is a recreation changer for our Kwanika deposit and for the area. The very excessive grade inside a bigger porphyry system may be very uncommon and establishes a model new and extremely thrilling goal sort,” NorthWest’s president and CEO Peter Bell acknowledged in a information launch.
“We drilled one of many highest-grade drill holes reported globally in 2018, when DDH18-SD-421 intersected 100 m of 5.3% CuEq, at our adjoining Stardust deposit. This new Kwanika drill gap is even higher-grade than drill gap 421 and happens simply 7 km away. The presence of such extraordinary grades in a number of deposits is each stunning and uncommon, and opens up a number of, very high-grade exploration targets over a considerable space,” he added.
NorthWest’s targets at Kwanika in 2021 included increasing the high-grade zone and bettering the grade inside it by drilling angled holes throughout mineralized structural zones with closer-spaced drilling. Outcomes up to now have exceeded expectations, each increasing and bettering the continuity and grade, in accordance with Bell.
This latest gap is increased grade than any beforehand drilled on the Kwanika property, and importantly, seems to be a brand new fashion of mineralization. The connection of this new fashion of mineralization to the remainder of the mineralization just isn’t but clear, however it provides one other fashion of high-grade to the suite of exploration targets at Kwanika and the corporate’s adjoining Stardust mission.
NorthWest has targeted on the high-grade portion of Kwanika and adjoining high-grade Stardust deposit because the firm was created in March. Earlier assay outcomes from Kwanika adopted the releases of beneficial Stardust metallurgy in April 2021 and an expanded high-grade Stardust useful resource in Could 2021.
The newest near-surface outcomes, plus one other set of deeper holes nonetheless to be launched, are anticipated to assist an up to date Kwanika useful resource deliberate for This autumn 2021.
Shares of NorthWest Copper soared 33.3% by midday EDT, after hitting an all-time excessive of C$1.10 earlier within the session. The copper-gold mining junior has a market capitalization simply north of C$111 million.