Drill Results Show Grade and Growth Possibilities

December 12, 2022

The first holes from the copper-gold-silver deposit in British Columbia highlighted updip and downdip extension potential of the mineralization there, noted a Haywood Securities report.

NorthWest Copper Corp.’s (NWST:TSX.V; NWCCF:OTCQX) maiden drill results from its Stardust deposit in British Columbia’s Quesnel Trough mining belt showed continuity and potential for extension of mineralization, reported Haywood Securities analyst Dr. Geordie Mark in a Nov. 16 research note. Stardust will be included in the upcoming preliminary economic assessment (PEA), expected by year-end.

The mineralization at Stardust “exhibits high variability in grade and continuity with drilling highlighting updip and downdip extension potential, probably warranting a niche program focused on testing these facets in 2023,” Mark wrote.

Release of those plus more from drill results from the Kwanika deposit is expected in 2022 and may boost NorthWest Copper’s share price.

Haywood recommends Buying shares of NorthWest Copper at the current price of about CA$0.22 per share. In comparison, Haywood’s target price on the Canadian copper explorer is CA$1.10, implying a significant potential return for investors.

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The just released Stardust drill results are for eight holes of a 10-hole program testing whether the copper-gold-silver mineralization there is continuous and if there is likely more of it. Data so far are positive for both.

Results

Mark presented the holes with standout results and what each of them indicates.

Hole DDH22-SD-476: 75.95 meters (75.95m) of 0.98% copper equivalent (Cu eq), including 8.45m of 3.14% Cu eq

This hole shows wide mineralization and potential for downdip extension of it.

Hole DDH22-SD-478: 21.1m of 2.41% Cu eq, including 1.55m of 16.64% Cu eq, within 44.2m of 1.31% Cu eq
Hole DDH22-SD-480: 35.55m of 0.91% Cu eq, including 11.2m of 2.91% Cu eq

These holes demonstrate the potential for updip expansion of high-grade mineralization at each intersection.

Hole DDH22-SD-479: 46.05m of 1.4% Cu eq, including 6.4m of 3.05% Cu eq
Hole DDH22-SD-481: 18.9m of 1.14% Cu eq, including 3.85m of 2.98% Cu eq

These holes show a continuity of alteration and mineralization that remains open at depth.

The results of the other two holes drilled at Stardust are pending. Release of those plus more from drill results from the Kwanika deposit is expected in 2022 and may boost NorthWest Copper’s share price. Another impending stock catalyst is the combined Kwanika and Stardust PEA, due out by year-end.

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Disclosures For Haywood Capital Markets, NorthWest Copper Corp., November 16, 2022

Analyst Certification: I, Geordie Mark, hereby certify that the views expressed in this report (which includes the rating assigned to the issuer’s shares as well as the analytical substance and tone of the report) accurately reflect my/our personal views about the subject securities and the issuer. No part of my/our compensation was, is, or will be directly or indirectly related to the specific recommendations.

Important Disclosures: Of the companies included in the report the following Important Disclosures apply: Haywood Securities, Inc. has reviewed lead projects of this company and a portion of the expenses for this travel may have been reimbursed by the issuer.

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Drill Results Show Grade and Growth Possibilities

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