American West Metals Limited (ASX: AW1 | OTCQB: AWMLF) is pleased to provide an update on the exploration and drilling activities at the Storm Copper Project on Somerset Island, Nunavut.
Dave O’Neill, managing director of American West Metals commented: “The 4100N Zone has grown into a significant copper story. The results from the latest batch of assays, along with geophysical interpretation, shows that the copper mineralization is now over 1.3km long, 300m wide and open laterally in every direction. Additional extension and resource drilling will be completed to expand the footprint further,”
“We are also pleased to announce that diamond drilling will begin shortly to test the geophysical targets below the known near-surface copper deposits. These new targets are an important breakthrough in the exploration of the sediment-hosted copper system that is interpreted to be the potential source of the high-grade copper discovered at surface.”
Assays confirm further thick and high-grade near-surface copper intervals at the 4100N Zone.
Drill hole SR23-17 has intersected:
- 15.3m @1.6% Cu from 59.4m, including,
- 7.6m @2.9% Cu from 64m, including,
- 3.1m @4.8% Cu from 64m
Drill hole SR23-10 has intersected:
- 9.1m @1.1% Cu from 62.5m, including,
- 1.5m @2.8% Cu from 62.5m
- 1.5m @2.1% Cu from 65.5m
- 3.1m @1.4% Cu from 76.2m, including,
- 1.6m @2.1% Cu from 77.7m
Drill hole SR23-12 has intersected:
- 7.6m @1.1% Cu from 106.7m, including,
- 3.1m @2.1% Cu from 109.7m
- Drill hole SR23-18 has intersected:
- 7.7m @1% Cu from 59.4m, including,
- 4.6m @1.4% Cu from 62.5m, including,
- 1.5m @2.6% Cu from 64m
Drill results continue to expand the footprint of copper mineralization at the 4100N Zone, which remains open laterally in all directions. Additionally, the diamond drilling of the large gravity anomalies located below the high-grade near surface deposits will commence shortly with preparations well advanced.
American West has also been granted funding by the Nunavut Government to support the drilling of the large-scale sediment hosted copper targets at Storm.
“The largest of the geophysical targets is located directly below the 4100N Zone, and immediately adjacent to the large fault that we interpret as the main conduit for the copper mineralization coming to surface. The target is seen in both the gravity and IP data. This is a highly significant association and indicates a both dense and electrically chargeable body. The only known dense and chargeable geological feature at depth in the Storm area is sulphides. “With our recent capital raise completed and strong support from the Nunavut Government, our focus remains to aggressively advance exploration and resource definition at the Storm Copper Project. “We look forward to reporting on the results of this exciting next phase of exploration.” Added Dave.
To find out more, please visit www.americanwestmetals.com
