American West Metals Limited (ASX: AW1 | OTCQB: AWMLF) has provided an update on drilling and geophysical activities at the Storm Copper project on Somerset Island, Nunavut.
Assay results have been received for the first drill hole of the current programme, SR23-01, and has confirmed the presence of thick intervals of near-surface copper sulphides. The assays indicate that the mineralized intervals in SR23-01 have exceeded visual estimations as previously reported.
The drill hole is located in the central portion of the 4100N zone and was testing the continuation of the mineralization between two historical drill holes, ST97-13 and ST00-63.
Assays confirm a total of 28.9m of high-grade copper, comprising:
- 15.2m @1.2% Cu, including 4.6m @2.8% Cu from 54.9m
- 7.6m @1.2% Cu, including 3.1m @2.4% Cu from 79.3m
- 6.1m @1.1% Cu, including 3.1m @1.4% Cu from 120.4m
The programme is ongoing, and another eight reverse circulation (RC) drill holes have been completed. The project continues to intersect large volumes of visual copper sulphides within the central and western portion of the known mineral system at the 4100N zone.
The mineralized footprint at the 4100N zone has been shown by historical drilling to extend over an area of approximately 32ha. The company have considered that there is an outstanding opportunity to define a significant near-surface resource base that could support an initial low-cost, open-pit mining operation.
Dave O’Neil, managing director, commented, “Whilst we have only received the assays for the first drill hole of the current program, the results validate and exceed our initial visual estimates. This is a fantastic outcome and gives us confidence in our geological interpretations and assumptions on continuity of the mineralized zones.”
“Drilling at Storm continues to highlight the potential significant scale of mineralization with every drill hole to date intersecting thick intervals of visual copper sulphides.”
To find out more, please visit www.americanwestmetals.com
