Northwest Copper drills one of longest and highest-grade holes at Kwanika

Northwest Copper (TSXV: NWST; US-OTC: NWCCF) shares surged 17% to 24.5¢ apiece in Monday afternoon trading in Toronto on assay results from its Kwanika copper-gold deposit near the town of Fort St. James in central British Columbia.

The company reported hole K-22-255 cut one of the longest and highest-grade copper-gold intervals ever drilled at Kwanika, returning 399.8 metres of 0.62% copper, 0.74 gram gold per tonne and 2 grams silver per tonne (1.01% copper-equivalent) from 152.2 metres downhole.

The drillhole included higher grade assay intervals including 23.4 metres grading 2.12% copper, 0.7 gram gold and 6.2 grams silver (2.51% copper-equivalent); 64 metres of 1% copper, 2.17 grams gold and 2.9 grams silver (2.12% copper-equivalent); and 22.5 metres of 1.15% copper, 2.95 grams gold and 3.6 grams silver (2.67% copper-equivalent).

“The hole shows a typical Kwanika pattern of copper dominant material higher in the hole then becoming much richer in gold at depth,” Peter Bell, the company’s president and CEO, stated in a news release.

Northwest Copper noted that the bottom of the hole ended in copper and gold mineralization.

THIS ARTICLE WAS WRITTEN FOR NORTHERNMINER.COM