{australien_flagge}While American West Metals (ASX AW1 / FRA forthcoming) most recently talked about its plans for the high-grade Storm copper project (Nunavut), where drilling is to start again late March, the Australian company now came up with an initial resource estimate for its West Desert project in Utah.
{australien_flagge}While American West Metals (ASX AW1 / FRA forthcoming) most recently talked about its plans for the high-grade Storm copper project (Nunavut), where drilling is to start again late March, the Australian company now came up with an initial resource estimate for its West Desert project in Utah.
The company announced a JORC 2012 standard indicated and inferred 33.7 million tonnes at 3.83% zinc, 0.15% copper and 9 g/t silver. American West said that of this, 18.7 million tonnes averaging 2.8% zinc, 0.12% copper and 11g/t silver lie within a potential open pit. A higher-grade opportunity, the company added, also exists underground near a potential open pit, with 15 million tons averaging 5.2% zinc, 0.18% copper and 7g/t silver.
The metal included in this first estimate on West Desert is reported to be 1.3 million tonnes of zinc, 49,000 tonnes of copper and 10 million ounces of silver, an increase of 44% over an older, non-JORC compliant resource estimate.
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American West Metals also notes that a large portion – 81% – of the resource is in the higher (i.e., more valuable) indicated category and that there is also significant potential to expand this initial resource.
For example, indium deposits have not yet been included because there are gaps in the historical drilling data according to the company. Nevertheless, West Desert is considered the largest indium deposit in the U.S. it added. In addition, the recently identified copper zone, with for example 17.22 meters of 1.04% copper, 0.58 g/t gold and 12.46 g/t indium, is not yet included in the calculation – and this discovery is still open both in strike and to depth, according to the company.
Combine this with the fact that the older resource estimate showed that 28 million tons of iron ore with up to 68% Fe could also be recovered.
American West’s near-term focus is now to expand the resource base by restarting drilling as early as the second quarter of 2023. Subsequently, it is planned to have an initial economic evaluation carried out on West Desert. This may profit from the fact that the Utah project is located in a world-class mining region that offers significant infrastructure and operating cost advantages, American West said. For example, water and power are available near the site, as well as road and rail access, it said. The company also emphasized that it has strong support from local as well as federal agencies.
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