1 September 2022
(Thursday, 1st September 2022) American West Metals Limited (American West Metals or the Company) (ASX: AW1) is pleased to announce outstanding first assay results for the diamond drilling program by the Company at the Storm Copper Project (Storm or the Project) on Somerset Island, Nunavut, Canada.
“Assays for drill hole ST22-05 – the first assays to be received for drilling in the current program – have returned spectacular copper grades over very significant thicknesses.
“These results immediately validate the historical high-grade intersections within the 2750N Zone, and highlight the quality of the Storm mineral system. These kind of grades and thicknesses are exactly what we want to see as we work to define a shallow high-grade copper resource.
“The 2750N Zone is currently over 200m long and still open along strike and at depth, with excellent potential for further drilling to significantly expand the high-grade mineralisation.
“Further results for this year’s drilling are imminent and we look forward to reporting these soon.”
ST22-05 was drilled to a downhole depth of 89m and is one of eight drill holes completed to date in the 2022 drill program that were designed to determine the resource potential of the shallow 2750N Zone.
Work will continue to progress the near-surface mine development and exploration/discovery paths for the Storm Project in parallel.
Further diamond drilling is planned to expand the 2750N Zone, and to define initial resources at the 4100N and 2200N Zones, where high-grade copper mineralisation has been intersected in historical drilling.
Exploration activities including drilling and geophysics are also planned to follow-up the significant new discovery of sediment hosted style copper mineralisation, which is associated with a large EM anomaly to the west of the previously recognized and highly mineralised 4100N Zone (see our ASX Release dated 23 August 2022 - Major Copper Discovery at Storm).
Beneficiation and metallurgical test work will soon commence on drill core from this year’s program. The aim of this work is to create a definitive flow sheet for a direct shipping ore (DSO) operation from the 2750N Zone mineralisation. Previous test work on Storm drill core has produced a >53% copper DSO product using a full scale ore sorter and with no further processing or optimisation (see our ASX Release dated 11 April 2022 – Over 53% Cu Direct Shipping Ore Generated at Storm Copper).
Investors can expect further news as the laboratory assays for the remaining drill holes are received over the coming days and weeks.
Read full release here.