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Northwest Copper ( (TSE:NWST) ) has issued an update.
NorthWest Copper has reported strong assay results from two additional drill holes at its Kwanika project, including a standout intercept of 43 metres grading 1.83% copper and 1.28 g/t gold (3.01% CuEq) in the Central Zone and a broad near-surface interval of 123 metres grading 1.31% copper and 0.83 g/t gold (2.09% CuEq) in the Pit Zone. Management said the results reinforce the company’s strategy of prioritizing higher-grade zones within the existing resource, filling gaps in drilling, extending key mineralized areas and clarifying structural controls, all of which are expected to underpin a more capital-efficient and economically robust mine plan in an updated preliminary economic assessment and potentially enhance shallow open pit resources at Kwanika.
More about Northwest Copper
NorthWest Copper is a Canadian exploration and development company focused on advancing its 100%-owned Kwanika copper-gold project in British Columbia. The company targets higher-grade copper-gold mineralization within both near-surface open pit and deeper underground zones, aiming to refine its resource model and improve project economics in a competitive base and precious metals market.
Average Trading Volume: 291,543
Technical Sentiment Signal: Buy
Current Market Cap: C$80.81M
For an in-depth examination of NWST stock, go to TipRanks’ Overview page.