11:06 AM EDT, 10/15/2025 (MT Newswires) -- NorthWest Copper ( NWCCF ) Wednesday reported assay results from the second hole of its 2025 diamond drilling program at Kwanika.

The company said hole K-25-272, totalling 456 meters of a planned 5,135 meter, 17-hole program, intersected multiple mineralized intervals, highlighted by 16.9 meters grading 1.37% copper equivalent (CuEq). This result extends the higher-grade mineralization down dip by 50 metres, "confirming continuity and demonstrating potential for further expansion at depth."

It said it intersected near surface mineralization with attractive grades of 0.73% CuEq over significant thickness of 28 meters, indicating strong potential for low-cost open pit mining. It also intersected multiple zones of mineralization across the Central and Western zones consistent with Target Model expectations.

"The combination of strong copper and gold grades and confirmation of down-dip extensions reinforce our vision for a high-quality project with improving economics relative to the 2023 PEA," said NorthWest chief executive Paul Olmsted. "With continued drilling success, we are well positioned to unlock significant value for shareholders as we advance toward an updated mineral resource and updated PEA."

Shares of the company were last seen down 1.3% at $0.395 on the TSX Venture Exchange.

Price: 0.40, Change: -0.01, Percent Change: -1.25