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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.
- Another five Reverse Circulation (RC) drill holes completed at the 4100N Zone with all drill holes intersecting thick intervals of copper sulphides, including:
- 16.7m of strong visual copper sulphides from 42.7m in SR23-05
- 15.2m of strong visual copper sulphides from 54.9m in SR23-06
- 13.7m of strong visual copper sulphides from 48.8m in SR23-07
- 13.7m of strong visual copper sulphides from 68.6m in SR23-08
- 32m of strong visual copper sulphides from 56.4m in SR23-09
- The 4100N drilling program is designed to support a maiden resource estimate where extensive near-surface copper mineralisation has already been intersected across 1,000m of strike
- The second batch of drill samples has been sent to the laboratory for analysis
- RC drilling continues at Storm with a further 10-12 drill holes planned at the 4100N Zone to be followed by drilling at other high-grade copper targets
- Moving Loop Electromagnetic (MLEM) survey close to completion at the 4100N Zone with new, strong conductors identified for drilling
- Moving Loop Electromagnetics (MLEM) is set to commence at the underexplored Tempest Prospect which hosts a 250m long copper gossan
- Ground gravity survey – designed to identify drill targets at the deeper sedimentary copper system at Storm – has been completed with data being processed ahead of diamond drilling
The Reverse Circulation (RC) drilling program is continuing at the 4100N Zone, with a focus on the drill out of maiden copper resources within the Storm Project. The Moving Loop Electromagnetic (MLEM) survey will be completed shortly at the 4100N Zone, with several new conductors identified and being assessed for drilling. The MLEM survey will then commence at the Tempest Prospect, an underexplored copper prospect approximately 40km south of Storm. The ground gravity survey has been completed with final processing of data underway, with diamond drilling scheduled to follow-up the deeper sediment hosted copper system.
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 be able to give another update with further positive results from drilling and geophysical work at the Storm Copper Project.
“The drilling at the 4100N Zone is progressing quickly and continues to deliver excellent results, with nine out of nine holes now hitting significant intervals of visual copper sulphides. The drilling is confirming our assumptions that the mineralisation is laterally extensive and flat lying at the 4100N Zone.
“The Moving Loop EM has also started to define a highly conductive corridor through the central 4100N Zone. This feature is likely to be a super-charged zone of copper mineralisation, as historical drill holes in this conductive zone have sampled at over 30% Cu. We will aim to put some more drill holes into it as it could have a significant impact on the resource estimate.
“The EM crews will next move down to the highly prospective Tempest Prospect, which lies around 40km to the south of Storm.
“We look forward to giving regular updates as the drilling and exploration activity progresses.”
Figure 1: RC samples being analysed with portable XRF and prepared for shipment to the laboratory, Storm Copper Project.
RESOURCE POTENTIAL GROWS WITH DRILLING SUCCESS
Five additional drill holes have been completed at the 4100N Zone, and continue to highlight the significant resource potential of the near-surface mineralisation at Storm. All nine drill holes completed to date within the current program have intersected thick intervals of visual sulphides, which have been confirmed to contain copper based on portable XRF analysis.
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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