Drill planning being finalized
As announced in an interview with Goldinvest.de at PDAC 2024 in Toronto, Australian copper explorer American West Metals (WKN A3DE4Y / ASX AW1) is pressing ahead with the exploration of its huge Storm copper project in Nunavut, Canada. Before the drills start turning, the company will carry out surface electromagnetic (EM) surveys. This is more than understandable, as drilling based on this type of survey has had a 100% hit rate in the past.
As American West has now announced, the teams are already on site and are making the final preparations for carrying out the high-performance, detailed electromagnetic surveys. Initially, moving loop EM (MLEM) surveys will be conducted in the areas surrounding Storm’s known copper deposits. This will identify targets for expansion of existing resources both along strike and below the known high-grade copper mineralization. American West is initially planning on 50 line kilometres.
Regional targets are also examined electromagnetically
The company will then turn its attention to regional exploration with the MLEM surveys. This means that a further 40 line kilometres of exploration will be carried out on the Blizzard, Tornado and Tempest prospects.
American West has already discovered numerous strong indications of potential copper mineralization within these regional target areas. These include extensive gossans and chalcocite blocks with grades of up to 38% copper and 30% zinc. Which further clarifies how attractive the exploration targets are that we are talking about here.
According to American West, the surveys conducted by the company have excellent potential for significant insights as they allow geologists to look to greater depths. And as indicated, there is a 100% correlation between EM targets and high-grade copper sulphides when drilling historical EM anomalies at Storm!
American West Metals also announced that preparations for the start of backflush drilling at Storm are also nearing completion and that the drills will soon be turning.
Conclusion: The drill program that American West will carry out this year on the promising Storm project - where 205,000 tons of contained copper metal have already been detected - is twice as large as last year's program with a planned 20,000 meters of drilling. In our opinion, there is a good chance that the company will succeed in expanding the existing resources and proving up new deposits regionally with drilling - especially considering the connection between EM anomalies and drilling success at Storm in the past. In view of the fact that the copper price is also likely to rise significantly this year according to many experts, American West Metals could make a big leap in 2024 if drilling is successful. We are excited!
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