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American West Metals Hits Copper Leading Into Summer Drilling Season

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THE DRILL SERGEANT: American West Metals (ASX: AW1) reported an encounter with a new zone of thick, near-surface high-grade copper at the company’s Storm copper project on Somerset Island, Nunavut, Canada.

American West Metals received assays from its spring drilling program undertaken in The Gap area of the project, which is located midway between the Cirrus deposit and the Thunder high-grade copper prospect.

The drilling at The Gap intersected a thick interval of high-grade copper sulphides associated with an EM anomaly of 20 metres at 2.3 per cent copper from 38m downhole containing copper grades up to 7.3 per cent copper (from 41m downhole), which the company declared to continue to confirm the association of EM anomalies with very high-grade, semi-massive copper sulphides.

“Results for the spring phase of the program have immediately built on last year’s great discovery record and confirmed a new zone of thick, near-surface copper mineralisation at the Gap prospect, with grades over seven per cent copper,” American West Metals managing director Dave O’Neill said in the company’s ASX announcement.

“Drilling at The Gap clearly demonstrates that the southern graben area hosts multiple high-grade copper deposits along the largely untested fault network.

“Multiple high-priority EM targets are yet to be tested in this area, highlighting the exceptional exploration upside and potential for further discoveries.”

American West Metals has kicked off its summer drilling program testing a range of exploration and resource targets, including the Thunder, Cyclone and Chinook deposit areas.

The program will initially use two RC rigs and one diamond drilling rig with a total of over 20,000m of drilling planned for the 2024 program.

“The summer drilling will now aim to build on this with a significantly expanded work program that will initially see two Reverse Circulation (RC) rigs and one diamond drilling rig operating 24/7,” O’Neill said.

“The introduction of the track mounted RC drill rig this year has exceeded our expectations in terms of production capacity and operational flexibility, and this will help us achieve over 20,000 metres of planned drilling during the season.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

American West Metals Defines Thick New Copper Zones at Storm

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THE DRILL SERGEANT: American West Metals (ASX: AW1) has intersected thick new zones of copper mineralisation at the company’s Storm copper project on Somerset Island, Nunavut, Canada.

American West Metals’ 2024 Reverse Circulation (RC) drilling has delivered immediate success with drilling of geophysical targets intersecting thick new zones of copper mineralisation including:

SR24-02 (Cyclone North)
36.6 metres of visual copper sulphides from 79.3m downhole;

SR24-03 (The Gap)
47.2m of visual copper sulphide mineralisation, including a 10m interval of very strong visual copper sulphides from 36.6m downhole; and

SR24-04 (The Gap)
30.5m of visual copper sulphide mineralisation from 29m downhole.

The company intimated visual copper sulphide mineralisation intersected in SR24-03 and SR24-04 appears akin to high-grade copper sulphides encountered in the 2023 discovery hole at the nearby Thunder prospect, which returned 48.6m at 3 per cent copper (ST23-03).

“This year’s drilling program has immediately built on last year’s successful program with the expansion of the large-scale copper footprint at the Cyclone deposit, and with new zones of thick near-surface copper mineralisation intersected at the Gap prospect,” American West Metals managing director Dave O’Neill said in the company’s ASX announcement.

“This initial phase of drilling was designed to test a number of existing resource and geophysical targets, working in parallel with the Moving Loop EM (MLEM) survey as it identified new resource expansion and exploration targets.

“The exploration drilling has had immediate success and has clearly demonstrated that the southern graben area can host multiple high-grade copper deposits.

“This vast fault network remains largely untested, highlighting the exceptional exploration upside and resource growth potential of this area.

“The MLEM survey continues to make rapid progress with the completion of Phase 1 of the program.

“The next phase of the survey will search deeper, below the known copper deposits for a repeat of the Cyclone style mineralisation at depth, and potential for the discovery of sedimentary copper deposits of similar style to the major Central African copper belts.

“We look forward to reporting more news from Storm in the coming weeks, including additional drilling and geophysics updates.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

American West Metals Continues Copper Hits at Storm

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THE DRILL SERGEANT: American West Metals (ASX: AW1) continued its impressive hit rate from diamond drilling activities at the company’s Storm Copper project on Somerset Island, Nunavut, Canada.

American West Metals boasts a 100 per cent drilling success rate so far into the current program with latest results confirming a sediment-hosted copper system in an, until now, untested area of the Storm project.

Drill hole ST23-04, the fouth hole of the program, intersected a thick 18.5 metres zone of visual copper sulphide (chalcocite and chalcopyrite) between 339m and 357.5m downhole, which correlates with the prospective sediment hosted copper horizon American West has intersected in all diamond drill holes this season.

The company said ST23-04 now extends the apparent strike of the prospective copper horizon a further two kilometres to the west of previous drill hole ST23-03.

American West explained the most recent drill hole was targeting a large gravity anomaly located south of the Southern Graben Fault, as well as the fault itself, validating the effectiveness of gravity in identifying copper sulphide mineralisation.

“This exceptional strike rate across a very broad area is further evidence of a truly regional scale copper system,” American West Metals managing director Dave O’Neill said in the company’s ASX announcement.

“The drill hole was designed to test a dense gravity feature in an untested area between the high-grade, near-surface 3500N Zone, and the other high-grade copper zones over three kilometres to the east.

“The drill hole was also designed to intersect one of the regional-scale graben faults for the first time.

“The drill hole hit both targets and has confirmed the presence of significant volumes of sediment-hosted copper sulphides south of the graben fault, whilst also confirming the main fault system as a productive plumbing system for copper mineralisation and a target for additional copper mineralisation.

“The Reverse Circulation (RC) drilling also continues to progress rapidly with the planned drilling of the 4100N, 2750N and 2200N Zones completed.

“The drill rig has now moved onto a number of high-priority ‘Thunder’ style exploration and geophysical targets to continue to define additional areas of copper mineralisation and demonstrate potential resource upside.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

 

American West Metals Claims Two New Copper Discoveries at Storm

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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

American West Metals Claims Canadian Copper Discovery

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THE DRILL SERGEANT: American West Metals (ASX: AW1) has claimed a new copper discovery at the company’s Storm copper project on Somerset Island, Nunavut, Canada.

American West Metals announced the discovery on the back of recent diamond drilling activities at the project that intersected thick intervals of copper sulphides demonstrating similarities to other sediment-hosted copper systems.

A total of 45.5 metres of visual sulphides intersected in drill hole ST23-01 comprising:

o 30.5m of breccia-style visual copper sulphide (dominantly chalcocite) within three zones associated with the shallow copper mineralisation of the 4100N Zone between 45m and 86m downhole; and

o 15m of visual breccia and vein-style copper sulphide (dominantly chalcopyrite) between 332m and 347m downhole – which was the first discovery intersection.

A second diamond drill hole, ST23-02, intersected a second and more impressive discovery intersection of:

o 37m of visual breccia-style copper sulphide (dominantly chalcocite) between 333m and 370m downhole.

“The first two drill holes have discovered a new copper deposit below the near-surface mineralisation with both holes intersecting thick intervals of copper sulphide at the same stratigraphic horizon,” American West Metals managing director Dave O’Neill said in the company’s ASX announcement.

“The drill holes were targeting the first of a series of extensive gravity anomalies that were defined earlier this year, and have intersected a thick, sulphide and organic- rich unit.

“We believe this to be the source of the gravity anomalism, and given the large spacing between drill holes and size of the modelled gravity anomalies, the potential volume of mineralisation is very significant.

“This is a major copper discovery.

“The scale of the opportunity is enormous, with airborne and ground gravity anomalies that extend for over 10 kiloetres to the east into our Blizzard and Tornado prospect areas.

“The RC drilling on the high-grade near surface deposits is also advancing rapidly, and we plan to give an update on the 2750N and 2200N Zone results shortly.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE