American West Metals Limited (ASX: AW1) has received positive assay results from the first diamond drill hole completed by the company at the West Desert Project in Utah.
Drill hole WD22-01 was designed to test the upper continuation of high-grade mineralisation in a key section of the historical West Desert deposit.
The drill hole has intersected multiple lenses of high-grade copper and zinc mineralisation within broader halos of lower grade mineralisation.
Managing Director, Dave O’Neill, said significantly, a number of these high-grade zones lie outside of the current resource on this drill section.
The drilling has also highlighted the exploration potential of the porphyry system with exceptional molybdenum mineralisation encountered at depth.
“We are extremely pleased to be able to report the drilling results for AW1’s first diamond drill hole at West Desert,” Mr O’Neill said.
“WD22-01 has intersected multiple zones of high-grade copper, zinc and molybdenum mineralisation, and confirms the exceptional quality of the mineralisation at the West Desert Deposit as well as its outstanding growth potential.
“High grades of indium and silver are also present in these wide intersections, supporting the high value of the West Desert mineralisation.
“The assays confirm the initial visual observations, which is hugely exciting given the strong and continuous mineralisation encountered in the latest drill holes completed by American West and for which assays are pending.
“Overall, we see thick intervals of copper and zinc within the Main Zone and Deep Zone, with encouraging new mineralisation identified outside of the current resource model.
“The assays have also highlighted an outstanding interval of high-grade molybdenum immediately adjacent to the West Desert Deposit. This interval is two to three times higher in grade than typical molybdenum ores, is largely unexplored and further highlights the huge upside potential of the regional scale mineral system.
“The assay results from the current drill program will be used for American West’s maiden JORC compliant resource estimation for West Desert. With zinc and indium listed as critical metals by the US Government, and prices for the metals in West Desert’s commodity suite at multi-year highs, the development potential of West Desert is a stand-out for investors looking for emerging opportunities.
“Diamond drilling is continuing at the West Desert Project and investors can look forward to further news flow in the coming weeks and beyond as we continue receiving assay results.”
For further information please visit: https://www.americanwestmetals.com/
