
August 24, 2022
American West Metals Limited (American West Metals or the Company) (ASX: AW1) is pleased to announce further outstanding visual results for diamond drill holes completed at the Storm Copper Project (Storm or the Project) on Somerset Island, Nunavut, Canada.
- Drilling at the high-grade 2750N Zone continues to expand the footprint of near surface copper mineralisation
- The latest resource drill holes testing the extents of the 2750N Zone have intersected wide intervals of visual copper mineralisation, including;
- oST22-07 has intersected 43.5m of mineralisation including 15.5m of breccia and massive copper sulphides over multiple intervals
- oST22-08 has intersected 30m of mineralisation including 13m of breccia and massive copper sulphides over multiple intervals
- The copper mineralisation within the 2750N Zone remains open along strike and at depth, and is associated with a 1km long geochemical anomaly
- Additional near surface high-grade zones remain to be tested, including the 2200N and 4100N Zones where historical drilling has intersected shallow, high-grade copper
Dave O’Neill, Managing Director of American West Metals commented:
“In addition to our exciting discovery of a new copper system announced this week, the shallow drilling at the 2750N Zone has also continued to deliver spectacular results. We have now extended the strike and mineralised footprint of the thick, near surface copper at the 2750N Zone to over 200m.
“Every drill hole we have completed at the 2750N Zone has intersected wide intervals of copper with mineralisation open along strike and at depth. This is the best outcome we could hope for and shows that we are well on our way to defining a significant volume of copper here.
“The drilling has emphasized the strong continuity and expansion potential of the 2750N Zone where we are aiming to define a shallow copper resource that can support a low cost, low-footprint direct shipping ore (DSO) mining operation.
“The success at the 2750N Zone bodes well for the potential of several other near-surface high-grade zones already identified by previous drilling.
“We look forward to reporting further information and assay results 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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