NorthWest Copper Corp.

Overview

In summer 2021, we launched the first drill program ever at East Niv, to test highly prospective copper-gold exploration targets. The program resulted in the discovery of a brand new copper-gold porphyry system. Drilling in 2022 will aim to further expany this exciting new discovery.

East Niv is a brand new porphyry centre within a prolific porphyry belt in a Tier 1 jurisdiction.

East Niv is located within a region of the eastern Stikine Terrane that hasn’t seen meaningful exploration since the 1970’s. Lying approximately 15 kilometres west of the Sustut Copper deposit and 40 kilometres south of the Kemess mine complex, the property is far enough off the beaten path to have been overlooked, but close enough to road and power infrastructure to be actionable. The property was acquired by staking in 2018 following a regional database compilation and analysis of Geoscience BC’s Search III airborne geophysical dataset. The property has since been expanded to cover approximately 23,765 hectares following the identification of a number of outcropping mineralized porphyry Cu-Au occurrences.

The Stikine Terrane is host to numerous porphyry deposits and complexes including Kemess (Centerra Gold), Red Chris (Newcrest Mining/Imperial Metals), Kerr-Sulphurets-Mitchell (“KSM”; Seabridge Gold) and Galore Creek (Newmont/Teck Resources). East Niv lies within an underexplored limb of the eastern Stikine Terrane which has been largely ignored since Falconbridge discovered the Sustut Copper deposit in 1973.

Field work, analysis and compilation of geology, IP chargeability, aeromagnetics and soil/rock geochemistry has resulted in the identification of a number of compelling porphyry Cu-Au targets at East Niv.

East Niv Composite Rock Sample Results by Showing*

Showing # Samples (n) Avg. Cu (%) Max. Cu (%) Avg. Au (g/t) Max. Au (g/t) Description
Main – West 19 0.35 0.82 0.30 1.14 Monzodiorite; pervasive K-spar ± bt ± mt alteration; disseminated – blebby cpy
Main – East 10 0.30 0.76 0.14 0.35 Monzodiorite; K-spar ± bt ± mt, and qtz-carb-ep alteration; disseminated cpy
KC 13 0.23 0.42 0.67 1.49 Monzodiorite; K-spar-bt-mt ± qtz alteration; disseminated – vein hosted cpy
South Nub 5 1.01 1.70 9.38 37.4 Monzodiorite; strong  qtz-mt-ep alteration; disseminated – blebby –vein cpy-py±bn-mo
West Flank 1 1.80 154.5 g/t Au
581 g/t Ag		 Massive py-mt float sample
* Notes
  • Showing areas are defined as spatially continuous outcroppings of the same host lithology bearing similar alteration and mineralization characteristics.
  • Number of samples (n) column represents all composite grab samples collected within the showing area.
  • Average Au and Cu grades represent the average grade of all the samples collected within the showing area;
  • Maximum Au and Cu grades represent the maximum grade of all the samples collected within the showing area;
  • Grab sample grades are by nature selective and may not necessarily be an indication of the overall grade of a mineralized area.

Main and KC Showings

The Main and KC Showings both display strong-intense K-feldspar-biotite+/-magnetite+/-quartz potassic alteration hosting disseminated and vein/stringer-hosted chalcopyrite. The Showings are overlain upslope by a quartz-sericite-pyrite (“QSP”) phyllic alteration halo, represented in the IP chargeability. Downslope and in the valley bottom, a strong coincident Cu-Mo±Au-Ag soil anomaly measuring 1000 by 1500m forms two lobes around a central chargeability embayment with elevated Bi-Te. It is believed that Cu, Au, Mo, Ag and other anomalous elements in soil samples represent bedrock metal sources. This data is interpreted to signify the core of a porphyry Cu-Au-Mo system measuring more than 2 square-kilometres in extent in the valley bottom.

South Nub Showing

The South Nub Showing is represented by an altered monzodiorite outcropping, locally displaying strong quartz-magnetite-epidote alteration and disseminated to vein and blebby chalcopyrite-pyrite ± bornite-molybdenite mineralization. The average grade of three monzodiorite samples from South Nub is 3.1 g/t Au and 1.50% Cu, excluding high-grade outlier results interpreted to be more distal to a porphyry centre. Two soil samples from disaggregated bedrock at the showing, best seen in a 5-meter-wide exposure in a stream cut-bank, average 5,673 ppm Cu, 2,000 ppb Au and 200 ppm Mo. South Nub is in faulted contact with younger volcanosedimentary rocks of the Takla Group and mineralized intrusive units may continue under valley cover toward the interpreted system core in the valley bottom.

The Main and KC Showings are encompassed by a pronounced magnetic high signature approximately 1500 x 300m in extent, now seen to be coincident with a 1.5 x 1.5 km composite IP chargeability anomaly. IP surveying further indicates open-ended extensions to the NW and SE. Additional anomalous polymetallic soil anomalies further to southeast, corresponding with discreet magnetic anomalies, and outside of the area surveyed by IP, suggest the overall target zone may be up to 5 km long.

Initial drilling was completed in 2021 resulting in the discovery of a brand new copper-gold porphyry system.

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