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Gold sample good news for area mine

Vancouver mining company continues to uncover high-grade mineralization at site 300 km NW of Prince George

Drill sample results from eight holes dug last year in NorthWest Copper’s East Niv site 300 kilometres northwest of Prince George indicate a strong presence of gold mineralization.

The core tests revealed 7.88 grams of gold per tonne over a short interval and lower grades of the precious metal over longer intervals.

That comes on the heels of test results released in December that show a large footprint of high-grade copper at the surface at the 43,000-hectare East Niv exploration site and the Vancouver company’s discovery of copper-dominant mineralization from the first 10 East Niv holes dug in 2021.

“In just 24 months we have taken East Niv from an exciting exploration concept to a project with two identified zones of mineralization, several exciting drilling intercepts and multiple exploration targets,” said NorthWest Copper president and CEO Peter Bell.

Geographical mapping by NorthWest Copper also identified copper-silver veins with high-grade bornite (a soft mineral used to make gemstones) deposits that run for at least 13 kilometres.

The encouraging drill results will push the company to conduct further exploration this year at East Niv, as well as its sites to the southeast -- Kwanika/Stardust and Lorraine -- that also showed strong gold and copper mineralization.

The current market price in US dollars for gold is $1,650 per troy ounce, while silver is selling for $21.50 per ounce and copper is priced at $3.50 per pound.