8 August 2022
Monday, 8th August 2022
American West Metals Limited (American West Metals or the Company) (ASX: AW1) is pleased to announce further outstanding visual results for another four diamond drill holes completed by the Company at the Storm Copper Project (Storm or the Project) on Somerset Island, Nunavut, Canada.
Dave O’Neill, Managing Director of American West Metals commented:
“The drilling at the 2750N Zone continues to deliver spectacular results. We are looking for continuity and volume for a potential resource and that’s exactly what we are seeing.
“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 look alikes for the 2750N Zone as well as deeper targets that may represent the potential source of the near surface mineralisation.
“We look forward to reporting more news as drilling progresses.”
Drill holes ST22-03, ST22-04, ST22-05 and ST22-06 were completed in the 2750N Zone and have all successfully intersected thick zones of breccia and massive sulphides (mostly chalcocite) hosted within much broader intervals of vein and fracture style copper mineralisation.
A total of 789m of drilling has been completed to date on the shallow and high-grade 2750N Zone, with the drilling continuing to confirm the continuity and thickness of the ore system.
The mineralisation encountered within the latest drill holes and shows some similar zonation of the copper bearing minerals with chalcocite being the dominant mineral, and with chalcopyrite, bornite, cuprite and minor oxides being present within certain intervals.
The 2750N Zone is the focus of initial resource definition drilling at Storm with the objective to define resources for a potential open-pit direct shipping ore (DSO) mining operation. Initial ore sorting test work on mineralisation from Storm generated a DSO product grading more than 53% Cu (see ASX announcement dated 11 April 2022 – Over 53% Cu Direct Shipping Ore Generated at Storm Copper).
The combination of high-grade and shallow mineralisation at Storm provides a potential pathway to a very low footprint, ESG sensitive mining operation that produces an exceptionally high-value product with low capital and operating costs.
Read full release for hole details.