American West strikes thick copper zones at Storm
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American West is less than a week out from spinning the drillbit at its Storm project in Nunavut, Canada and already seeing signs it’s on the right track.
Visual observations of core from its first two diamond holes has indicated that both holes drilled to date have intersected extensive copper sulphide mineralisation at shallow depths.
Hole ST22-01 intersected 72.1m of mineralisation including 23.74m of breccia and massive copper sulphides over multiple intervals while ST22-02 intersected 81.22m of mineralisation including 22.12m of breccia and massive copper sulphides over multiple intervals.
American West Metals’ (ASX:AW1) managing director Dave O’Neill said the results were significant as they show strong continuity between the thick historical copper intersections at the 2750N Zone where the company is looking to define a shallow, high-grade copper resource that can support a low footprint direct shipping ore (DSO) mining proposal.
“Initial ore sorting test work on Storm mineralisation produced a commercial grade DSO product with a copper grade of more than 53% copper and no impurities through a simple and low-cost process,” he added.
“The DSO opportunity is an absolute game-changer for Storm that provides potential to produce a high-value product through a low-cost and low footprint development option.
“Drilling at Storm is continuing with further resource definition drilling planned as well as drilling to test new EM conductors that have the potential to deliver more massive sulphide discoveries.”
The Storm and Seal projects in the northern part of Nunavut encompasses a regionally extensive land package of 4,145km2 on the uninhabited Somerset Island.
Storm is a high-grade, sediment hosted copper discovery with multiple, thick high-grade copper intersections such as 110m at 2.45% copper from surface and 56.3m at 3.07% copper from 12.2m at a number of target zones.
American West is drilling holes to test the interval between the two historical holes at the 2750N zone to quickly define large volumes of copper mineralisation and may also test the 4100N and 2200N.
Drilling at the 2750N Zone is continuing with drill holes now targeting eastern extensions to the mineralisation.
Preparations are also underway for drill testing a number of high-priority electromagnetic targets that were identified in 2021.
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.