Outstanding new copper targets at the Storm Copper Project
7 May 2024
Tuesday, 7th May 2024
Immediate success through high-powered electromagnetic surveys with significant step-out copper targets identified
- Preliminary interpretation of the Moving Loop Electromagnetic (MLEM) results has identified several new high-priority exploration targets highlighting excellent potential for resource growth
- The MLEM data indicates that the high-grade copper mineralisation at the Cyclone Deposit – already defined as a JORC compliant 12.1Mt @ 1.2% Cu over a zone 1,300m x 400m – likely extends in most directions
- New EM anomalies have also been identified over 1,000m along strike from the Chinook Deposit (2.2Mt @ 1.5% Cu) as well as in the areas of the 2023 discoveries at the Thunder, Lightning Ridge and Gap Prospects, indicating strong potential for extensions to known high-grade copper mineralisation
- Track-mounted Reverse-Circulation (RC) drilling is underway and will test these new targets as well as several historical EM anomalies and other high-priority targets for near-surface high-grade copper mineralisation
- A second RC drill rig is currently being mobilised to site, which will join the first RC and two diamond rigs currently onsite
American West Metals Limited (American West Metals or the Company) (ASX: AW1) is pleased to provide an update on exploration activities at the Storm Copper Project (Storm or the Project) on Somerset Island, Nunavut.
The 2024 high-powered Moving Loop Electromagnetic (MLEM) survey has already successfully identified numerous conductive anomalies throughout the Storm area, including multiple anomalies that are adjacent to known the copper deposits and mineralisation and are untested by drilling. The maiden Mineral Resource Estimation (MRE) for Storm, announced earlier this year, defined 17.5Mt @ 1.2% Cu, 3.4g/t Ag and the new targets present outstanding potential for rapid resource growth.
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