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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.
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."
Click here for the full ASX Release
This article includes content from American West Metals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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