American West Metals Claims Two New Copper Discoveries at Storm
THE DRILL SERGEANT: American West Metals (ASX: AW1) had delegates on the Diggers & Dealers periphery in a twirl by announcing a double copper hit from diamond drilling activities at the company’s Storm copper project on Somerset Island, Nunavut, Canada.
Before presenting at The Resources Roadhouse Steak Sandwich Showdown in downtown Kalgoorlie, American West Metals reported diamond drill hole ST23-03 encountered a new near-surface zone of mineralisation and a deeper sediment-hosted copper system in an underexplored area of the Storm project.
The hole intersected two zones of visual copper sulphide mineralisation the first being 76m of visual strong breccia to massive copper sulphide (chalcocite, bornite and chalcopyrite) between 32m and 108m downhole and the second a hit of 2m of visual breccia and dense vein style copper sulphide (chalcocite, bornite and chalcopyrite) between 273m and 275m downhole.
American West has given the new zone of near-surface copper the name Thunder.
The company has interpreted the as yet unnamed deeper intersection to correlate with the prospective sediment hosted copper horizon it intersected earlier this season, and is the first recorded occurrence south of the Southern Graben Fault.
“The diamond drilling at Storm continues to deliver, producing one of the best intersections ever seen at the project,” American West Metals managing director Dave O’Neill said in the company’s ASX announcement.
“Over 76m of near surface breccia copper sulphides with zones of massive sulphide have been intersected in the third diamond drill hole, ST23-03.
“The drill hole has also – for the first time – intersected copper sulphides within the deeper horizon close to the southern graben fault, confirming the presence of the sediment-hosted system in new and untested areas.
“The new near surface copper zone has been named Thunder, which highlights the strength and significance of the discovery. The mineralisation style and setting are very similar to the high-grade mineralisation within the 2750N Zone, including 2022 drill hole ST22-05 which hit 41m at 4.18 per cent copper.
“The 2750N Zone is located over 1km to the east of Thunder.
“The thickness of the near-surface intersection – which includes massive copper sulphides – suggests the potential for a substantial volume of copper in this area that could significantly add to the open pit resources at Storm.
“The deeper copper intersection is very significant from the perspective of understanding the overall copper endowment at Storm. This confirms the prospectivity of the whole area around, and to the south of the southern graben fault.
“With every wide-spaced hole encountering the same mineralised unit at depth, the scale potential of the copper system cannot be overstated.
“Given the success of the gravity modelling and targeting to date, we will roll out further ground surveys along the 10km of strike as a priority in spring.
“We look forward to providing further news flow and updates on both the diamond and RC drilling program in the coming days.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE