American West Metals intersects more thick, shallow copper at Storm
American West Metals continues to shine a light on the quality of its Canadian asset with drilling intersecting extensive shallow copper at the Storm project.
All four of the most recent diamond drill holes completed at the 2750N zone within the project in Nunavut, Canada, intersected wide intervals of visual copper sulphide mineralisation within 100m from surface.
This follows on the first two holes in the ongoing drill program intersecting extensive copper sulphide mineralisation at shallow depths.
American West Metals (ASX:AW1) managing director Dave O’Neill said drilling at the 2750N zone continued to deliver “spectacular” results.
“We are looking for continuity and volume for a potential resource and that’s exactly what we are seeing,” he added.
“The results show strong continuity between the thick historical copper intersections at the 2750N Zone where we are aiming to define a shallow copper resource that can support a low-footprint direct shipping ore (DSO) mining proposal.
“Drilling at Storm is continuing on the 2750N Zone resource definition program and will shortly start on the exploration phase of the current campaign.
“This will test targets that are lookalikes for the 2750N Zone as well as deeper targets that may represent the potential source of the near surface mineralisation.”
American West recently raised $2.68m through a share placement to fund exploration drilling at Storm and metallurgical testwork on both oxide and transitional ores at West Desert.
The latest holes all successfully intersected thick zones of breccia and massive sulphides (mostly chalcocite) hosted within much broader intervals of vein and fracture style copper mineralisation.
Further drilling will continue to confirm the continuity and thickness of the ore system.
The continued intersection of extensive shallow copper mineralisation supports the company’s goal of defining resources for a potential open pit mining operation.
That initial ore sorting on Storm mineralisation has successfully generated a DSO product grading more than 53% copper just adds to the project’s potential as it provides a quick route to commercialisation.
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.