American West Metals Limited (ASX: AW1 | OTCQB: AWMLF) has reported drill results that confirm thick, high-grade copper, including bonanza grades, over an expansive and growing footprint at the Storm Copper project, Somerset Island, Nunavut.
Dave O’Neill, managing director, commented, “We are very pleased to provide an update on the drilling activities at Storm with the initial assays for the 2023 summer resource drill programme now received. The assays continue the theme of strong results from the 2023 spring programme with more high-grade mineralization confirmed at both the 2750N and 4100N Zones. These results further emphasize the outstanding resource potential at Storm.”
The summer 2023 resource drilling programme has included all drill holes from the 2750N Zone, and five additional drill holes at the 4100N Zone. The resource drilling has included both reverse circulation (RC) and shallow diamond drilling in key areas of the near-surface prospects.
The initial assays have defined the highest copper grades to date at the 4100N Zone.
Highlights include:
Drill hole SM23-02 (4100N Zone) has intersected:
o 46m @2.2% Cu from 64m, including,
• 15.6m @4.2% Cu from 65m, including,
o 0.3m @42.8% Cu from 67m
• Drill hole SR23-21 (2750N Zone) has intersected:
o 27.4m @1.5% Cu from surface, including,
• 7.6m @4% Cu from 7.6m, and,
o 27.4m @1.3% Cu from 30.5m, including,
• 9.1m @ 2.15% Cu from 33.5m
“The continuity and consistency of mineralization at the 4100N Zone has been confirmed by the latest drilling results, including extremely rich zones with assays up to 43% copper. This is the highest-grade assay result to date at the 4100N Zone. Importantly, it is located in a key area that will underpin the resource classification of this prospect.” Said Mr. O’Neill.
Additionally, a single exploration RC drill hole has made another discovery of near-surface mineralization in a large, underexplored area between the 2750N, 2200N, and Thunder prospects.
The new discovery has been named ‘Lightning Ridge’ and is located in an area of outcropping massive chalcocite and large-scale faulting, and over 10km of prospective structures have been identified in the immediate area with further potential across the project tenure.
The company has stated that the assays for the outstanding drill holes are still pending and will continue to be received over the coming weeks.
To find out more, please visit www.americanwestmetals.com
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