NW Tech Capital, Inc. (NWTT)

[Fossil-Fuel]

NW Tech Capital, Inc. (NWTT) Shares Information on Its New Subsidiary:
Canada Corp.
— Filing —
Henderson, NV, Jan 17, 2010 - NW Tech Capital Inc. (NWTT; http://www.nwtechcapital.com)
management shares information about the property licenced by its subsidiary Canada Corp.,
including details abotu the previous property exploration and property maps.
***
Canada Corp. (7662491 Canada Inc.)
Kenora Mining Division
Northwestern Ontario
LOCATION AND ACCESS:
The property is situated in the Zarn Lake claim map G2277, 23 km south of the town of Sioux
Lookout. Access to the property is by highway 614 and recently constructed logging roads. The
claim group consists of 3 unpatented claims 1166839, 3004267 and 3017697, granted with
100% ownership to NWTT’s subsidiary in Canada.
REGIONAL GEOLOGY:
The regional geology is mostly underlain by archean rocks of the Superior Province of the
Canadian Shield. The claim area falls within the Wabigoon subprovince rock units consisting of
narrow, generally easterly or north-easterly trending belts of mixed volcanics, intrusive and
sedimentary rocks, separated by large granitic intrusive units. The majority of the historic gold
producers are hosted within the Wabigoon subprovince, including two currently advanced
projects: Treasury Metals at Dryden with 1, 000,000 oz proven gold ore and the Goldlund mine
in Echo Township with production over 17,500 oz gold from an open pit from 1982 to 1985.
Currently Tamaka Gold Corp. has an inventory of 1.5 million oz gold at 1.2 grams/ton at
Goldlund.
The Canada Corp. property is situated within a 100+ kilometer gold belt stretching northeasterly
from Laurentian Goldfields property just south of the town of Dryden to Rosnel on the Canadian
National Railway.
Within this gold belt are numerous old workings and currently active projects including Treasury
Metals at Thunder Lake, Goldlund mine in Echo Township, Neepawa Island and Fortune River
claims at Alcona Bay on Minnitaki Lake. The Canada Corp. property is situated between Alcona
Bay and Northwest Copper gold project at Black Lake near Rosnei.
PROPERTY GEOLOGY:
The northeastern portion of the gold belt is described as a deformation zone having large
intrusive units on three sides. The property area is underlain by a sequence of north easterly
trending mafic flows, mafic volcaniclastics, tuffaceous units and metasediments. These have
been intruded by a series of mafic to felsic intrusive porphyries and dikes. The best assays are
associated with westerly trending quartz veins flanked by shear zones and quartz stock works
units.
The property consists of two main zones; the Alcona Mine zone and 1.75 kilometers westerly,
the “99" trenches zone. There are numerous other old workings on the claims and the
surrounding area, some with substantial gold values.
WORK HISTORY:
Construction at the Alcona mine started in the late 1930's and eventually reached a depth of
325 feet with 485 feet of cross cuts and drifting. Horwood (1937) reports that the number 1
vein assayed 6.29 of gold/ton across the average width of 17 inches for 100 feet at the west end,
and 0.50 oz gold/ton across an average width of 22 inches for 150 feet at the east end. The #2
vein assayed 0.28 oz gold/ton across 18.5 inches for 250 feet.
More recently, in 1979 Oriana Development drilled 9 holes over the #1 and #2 veins and
intersected the #3 vein. Cream Silver cut a grid over the Alcona area in 1988, but fell short of
the “99" trenches. Several new targets were identified through geophysical work, followed by
stripping, mapping, and sampling. The area tested by stripping and trenching extends 650
meters westerly from the mine shaft and terminates at a low black spruce swamp. The easterly
extension is 125 meters. The stripping exposed several east -west trending shear zones hosting
quartz sulphide veins, quartz stockworks units and other altered rock units containing variable
amounts of pyrite, calcopyrite, spaltrite, galina, gold and silver. No evidence of channel
sampling has been observed.
In 2002 the property was optioned to numbered company 117985 Ontario Ltd. A grid with 100
meter spacing was cut over most of the claims followed by limited stripping (trenches A, B, C,
and D), sampling, and mapping. A induced polarization and magnetic survey provided by Dan
Patrie Exploration Ltd. and plotted by M.P.H. Consulting Ltd. revealed 23 new targets for
stripping and/or drilling. The current claim holder has also prospected and sampled the Alcona
zone with multi gram gold and silver assays in several stripped areas.
The “99" trench zone was discovered during 1929 followed by manual stripping and blasting. To
date no work record of any kind has been found. From all appearances the area has been
abandoned for several decades previous to the discovery by the current claim holder in 1998.
During 1999 the old workings were extended by mechanical stripping and washing, followed by
sampling and mapping all 9 trenches. The area containing the trenches measures about 600 x
400 feet. The quartz veins containing sulphides are generally quite narrow and contain variable
amounts of gold, including some high grade.
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