American West Metals Limited (American West or the Company) (ASX: AW1 | OTCQB: AWMLF) is pleased to provide an update on the drill program at the Storm Copper Project (Storm or the Project) on Somerset Island, Nunavut.
- Thick and high-grade near surface copper mineralisation confirmed by assays for another five drill holes completed at the 4100N Zone
- Drill results received to date confirm the continuous nature of the near-surface copper mineralisation
- Drill hole SR23-02 has intersected:
- 29m @ 1.1% Cu from 59.4m, including,
- 9.2m @ 2.2% Cu from 71.6m, including,
- 1.5m @ 5.1% Cu from 79.3m
- 9.2m @ 2.2% Cu from 71.6m, including,
- 29m @ 1.1% Cu from 59.4m, including,
- Drill hole SR23-03 has intersected:
- 67.1m @1.1% Cu from 54.9m, including,
- 4.6m @ 2.6% Cu from 64m, and,
- 9.1m @ 2.5% Cu from 79.3m,including,
- 1.5m @ 7.1% Cu from 82.3m, and
- 4.6m @ 2% Cu from 97.5m
- 67.1m @1.1% Cu from 54.9m, including,
- Drill hole SR23-04 has intersected:
- 6.1m @ 1.1% Cu from 50.3m, and,
- 19.8m @ 1.1% Cu from 77.7m, including,
- Drill hole SR23-05 has intersected:
- 21.3m @ 1% Cu from 41.2m, including,
- 3.1m @ 2.5% Cu from 45.7m
- 21.3m @ 1% Cu from 41.2m, including,
- Drill hole SR23-06 has intersected:
- 7.6m @ 1.1% Cu from 53.3m, including,
- 3.1m @ 2% Cu from 54.9m, and;
- 6.1m @ 1.2% Cu from 82.3m, including,
- 3.1m @ 2.2% Cu from 82.3m
- 7.6m @ 1.1% Cu from 53.3m, including,
- Further assays for Storm are pending with more results expected in the coming weeks.
Assay results have been received for a further five drill holes from the current program at the 4100N Zone, and all have intersected thick intervals of near-surface copper sulphides with grades up to 70% Cu. The assays continue to match or exceed our visual estimates as reported in previous ASX annoucements.
The near-surface setting, large volumes, and high-grades of the copper mineralisation support the potential for a low-cost open pit mining operation. We continue to assess this outstanding opportunity with resource modelling, ore beneficiation test work (including ore sorting) and environmental studies in progress.
Dave O’Neil, Managing Director of American West Metals commented:
“The second batch of assays for the drilling at the 4100N Zone has continues to impress, confirming futher thick intervals of copper mineralisation very close to surface.
“Mulitple high-grade assay results highlight the presence of more semi-massive and massive sulphide copper zones within the ore body, which we believe will significantly boost the overall resource grade.
“The mineralisation at Storm is quickly demonstrating the quality and scale of what we believe will become a premier, open-pit copper mining opportunity.
“We look forward to providing further updates on drilling and other exploration activities in the coming weeks.”
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