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NorthWest Copper jumps on drill results

Kitco News

NorthWest Copper (TSX-V:NWST) announced today it intersected 33.60% CuEq over 9.40 metres within a 235.45 metre interval of 2.92% CuEqu at its Kwanika project located in B.C.

The company called the discovery a new style of high-grade mineralization.

The stock traded up 50% to 95 cents a share.

“This drill hole is a game changer for our Kwanika Deposit and for the region,” says Peter Bell, President and CEO. “The very high grade within a larger porphyry system is very unusual and establishes a brand new and incredibly exciting target type. We drilled one of the highest-grade drill holes reported globally in 2018, when DDH18-SD-421 intersected 100 metres of 5.30% CuEq, at our adjacent Stardust deposit. This new Kwanika drill hole is even higher-grade than drill hole 421 and occurs just 7 km away. The presence of such extraordinary grades in multiple deposits is both surprising and rare and opens up multiple, very high-grade exploration targets over a substantial area.”

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