American West Metals Limited (“American West” or the “Company”) (ASX: AW1 | OTCQB: AWMLF) is pleased to provide an update on drilling and geophysical activities at the Storm Copper Project (Storm or the Project) on Somerset Island, Nunavut.
- Four Reverse Circulation (RC) drill holes completed at the 4100N Zone with all drill holes intersecting thick intervals of copper sulphide, including:
- 24.4m of strong visual copper sulphides from 48.8m in SR23-01
- 27.4m of strong visual copper sulphides from 56.4m in SR23-02
- 48.7m of strong visual copper sulphides from 54.9m in SR23-03
- 30.6m of strong visual copper sulphides from 50.3m in SR23-04
- The 4100N drilling program is designed to define resources where extensive near- surface copper mineralisation has been identified previously
- The first batch of drill samples has been sent to the laboratory for analysis
- RC drilling continues at Storm with a further 12 drill holes planned at the 4100N Zone to be followed by drilling at other high-grade copper targets
- Moving Loop Electromagnetics (MLEM) has commenced at the 4100N Zone and has already identified two new strong conductors that are untested
An extensive Reverse Circulation (RC) drilling program and Moving Loop Electromagnetic (MLEM) survey is now underway at the 4100N Zone. The drilling program will initially aim to drill out maiden copper resources at the 4100N, 2750N and 2200N Zones, and test key exploration targets. Surface electromagnetics is underway to highlight enriched zones of mineralisation and to refine targets for the remaining resource drilling.
Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Laboratory assays are required to determine the presence and grade of any contained mineralisation within the reported visual intersections of copper sulphides. Portable XRF is used as an aid in the determination of mineral type and abundance during the geological logging process.
Dave O’Neill, Managing Director of American West Metals commented:
“We are pleased to report that the recently commenced RC drilling at the Storm Copper Project is immediately producing excellent results.
“The first drill holes are highlighting the volume and scale of mineralisation as we had hoped, and the geophysics is suggesting that we haven’t hit the strongest zones yet. This is an outstanding outcome for the resource potential of the 4100N Zone.
“The initial phase of drilling is designed to define maiden JORC resources within the 4100N, 2750N and 2200N Zones, where high-grade copper mineralisation starts from surface.
“A detailed EM program is being used to assist with drill targeting at the 4100N Zone and has also produced exciting results, with the discovery of two new, untested anomalies. Ongoing drilling will focus on targeting these priority areas.
“We look forward to giving regular updates as the drilling and exploration activity progresses.”
Figure 1: RC drilling underway 4100N Zone, Storm Copper Project. Every drill hole completed to date in the 2023 drill program has successfully intersected copper sulphides.
IMMEDIATE SUCCESS HIGHLIGHTS RESOURCE POTENTIAL
The first four completed drill holes at the 4100N Zone have begun to confirm the continuity of the copper zones, and highlight the resource potential of the near-surface mineralisation. All drill holes have intersected thick intervals of visual sulphides, which have been confirmed to contain copper based on portable XRF analysis.
Over 3,000m of historical drilling at the 4100N Zone has identified widespread copper sulphide mineralisation over an area of approximately 32 hectares. This mineralisation is a focus for resource drilling due to its shallow nature and potential to provide a significant resource base as the basis for an initial low-cost, open-pit mining operation.
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