Excellent growth potential
It just doesn’t stop! The drills at American West Metals’ (WKN A3DE4Y / ASX AW1) Storm copper project are turning virtually day and night, with 66 reverse circulation and diamond core holes (>8,300 meters of drilling) completed on exploration and resource targets since work began on Sommerset Island. According to American West, at this rate, the target of 20,000 meters of drilling in the 2024 season should be exceeded.
First results expected within two weeks
The analytical results of the samples obtained are still pending, but American West has stated that the first results are expected within the next two weeks. In the meantime, the company has received the results of the visual inspection of the samples from 22 further drill holes – and they look promising, indeed! (Even if this type of examination is much less certain than a lab analysis).
In relation to the Thunder target area, which was discovered in 2023 with a drill hole of 3% copper over 32.4 metres, the company announced that thick, visible copper mineralization was discovered in all nine drill holes, which were made to extend the already known mineralization. Which means that the high-grade Thunder mineralization is now proven over a length of more than 300 meters!
Significant potential for additional high-grade resources
According to Managing Director O’Neill, this shows that there is considerable potential to convert this discovery made last year into additional, high-grade resources – and thus rapidly increase Storm’s copper deposits overall. Especially as the Thunder mineralization remains open along strike and at depth. In fact, drilling here has so far only reached a vertical depth of around 100 meters.
As a particularly promising example, American West pointed to a 73.2 metre interval of visible copper sulphide mineralization in drill hole SR24-042, which starts at a depth of only 45.7 metres and has numerous zones of semi-massive sulphides. Equally impressive is the information on drill hole SR24-034, where the company encountered an intercept of 121 metres of continuous, visible copper sulphide mineralization. And it started at a depth of just 18.3 meters!
Continuity and growth potential of the resource emphasized
Thick intervals of visible copper sulphides were also observed from the Cyclone deposit, which already has 12.1 million tons of ore at 1.2% copper and 3.8 g/t silver, including several outside the known resource area. According to Dave O’Neill, this once again underlines both the continuity and the growth potential of the resource – especially as visible copper sulphide mineralization has been observed in every (!) drill hole at Cyclone to date.
Examples: Drill holes SR24-031 and SR-055 were drilled northeast of the Cyclone deposit and have successfully extended the strike of mineralization with intercepts of 53.4m (total) and 80.7m (continuous) of visible copper mineralization, respectively. In addition, holes SR24-045 and SR24-049 have intersected thick intervals of visible semi-massive sulphides within the southern and western portions of the current resource envelope.
Conclusion: In our opinion, American West Metals is drilling and exploring its Storm project at an impressive pace and in an impressive manner. Of course, a visual inspection only provides an initial indication of what to expect from the laboratory analysis, but the company recently presented the analytical results for a thick interval of copper sulphides. And this interval of 20 meters, for example, contained an average of 2.3 % copper with a highest content of up to 7.3 % copper! So, we can look forward to the next results with excitement. We will of course report any findings directly.
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