American West Metals Limited (ASX: AW1 | OTCQB: AWMLF) has confirmed further copper discoveries at the Storm Copper Project on Somerset Island, Nunavut.
Dave O’Neill, managing director, commented, “I am very pleased to report that assays from the exploration diamond drill holes have confirmed the presence of high-grade sediment-hosted copper sulphide mineralization at depth, with significant implications for the exploration potential of the project.”
Diamond exploration drill holes ST23-01, ST23-02, and ST23-03 were completed during the 2023 season to confirm the sediment-hosted copper model, with each of the holes designed to test different geophysical and structural targets. The drill holes are widely spaced between 600m and 2km apart.
The company said that significantly, all drill holes have intersected copper sulphide mineralization at the same stratigraphic level, with grades up to 2.7% Cu from hole ST23-03, indicating the potential of the system to host high-grade mineralization.
Highlights from diamond drill hole ST23-03 at the Thunder discovery include:
- 76m @2% Cu from 32.4m, including
- 48.6m @3% Cu from 32.4m, and including,
- 20m @6.2% Cu from 40.8m
Additionally, the results confirm the correlation between the sediment-hosted copper and gravity anomalies, indicating a large-scale exploration potential with more than 14km prospective strike untested by drilling.
“The near-surface Thunder Prospect has been confirmed as an exceptional discovery with grades up to 49.6% Cu. These kinds of copper grades and thicknesses are remarkable and rarely seen in open pit mining opportunities, further highlighting the resource potential of the near-surface mineralization.” Said Mr. O’Neill.
In the coming weeks, American West will receive pending assays for the remaining drill holes of the 2023 programme. The ore sorting, beneficiation, and process optimization continues on a range of ore types from the 2750N and 4100N Zones will also be completed.
To find out more, please visit www.americanwestmetals.com
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