‘A significant copper story’: Chart-topping assays continue at American West’s Storm Copper Project
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American West Metals is releasing hit after high grade hit at its 4100N Zone, part of the Storm Copper Project in Canada – which will feed into a maiden resource and scoping study due out later this year.
Assays from six drill holes as part of American West Metals’ (ASX:AW1) ongoing 2023 drilling campaign have confirmed extensions to the known mineralisation, significantly increasing the surface footprint laterally in all directions.
Managing Director, Dave O’Neill said the Project’s 4100N Zone has grown into a significant copper story in and of itself.
“The results from the latest batch of assays, along with geophysical interpretation, show that the copper mineralisation is now over 1.3km long, 300m wide and open laterally in every direction,” said Dave.
Hits include 15.3m @ 1.6% Cu from 59.4m, with 7.6m @ 2.9% Cu from 64m and 3.1m @ 4.8% Cu from 64m at hole SR23-17.
Hole SR23-10 also produced a chart topper with 9.1m @ 1.1% Cu from 62.5m, including 1.5m @ 2.8% Cu from 62.5m and 1.5m @ 2.1% Cu from 65.5m, as well as 3.1m @ 1.4% Cu from 76.2m, including 1.6m @ 2.1% Cu from 77.7m.
American West’s ongoing additional extension and resource drilling will expand the footprint further, focussing on the outstanding copper targets that have been defined beneath the near-surface mineralisation at the Storm Copper Project.
“We are also pleased to announce that diamond drilling will begin shortly to test the geophysical targets below the known near-surface copper deposits,” O’Neill said.
“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.
“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 mineralisation coming to surface.
“The target is seen in both the gravity and IP data – a highly significant association and indicates a both dense and electrically chargeable body.
“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.”
There has been strong support for AW1 from investors, who recently poured in more than $3m via a share placement to expand the junior’s drilling campaign at Storm.
This article was developed in collaboration with American West Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.