- American West Metals (AW1) commences its high-impact drilling and exploration activities at the Storm copper project on Somerset Island, Nunavut
- This is the company’s maiden drilling program since it became the project operator under the option agreement with Aston Bay
- A total of 15 to 20 drill holes have been initially planned in this program, with hole depths between 100 to 160 metres due to the shallow nature of mineralisation
- Shares in American West Metals end the day 3.85 per cent in the green to close at 13.5 cents
American West Metals (AW1) has commenced high-impact drilling and exploration activities at the Storm copper project on Somerset Island, Nunavut.
This is the company’s maiden drilling program since it became the project operator under the option agreement with Aston Bay.
The program is initially focusing on defining potential shallow resources within the 2750N Zone with the first hole now underway.
Additionally, the drilling will also test a number of high-priority electromagnetic (EM) conductors that were identified by the 2021 fixed loop electromagnetic survey completed by American West over the Storm Project area.
The survey identified multiple near surface anomalies, some of which are coincident with outcropping copper occurrences.
A total of 15 to 20 drill holes have been initially planned in this program, with hole depths between 100 to 160 metres due to the shallow nature of mineralisation.
Managing Director Dave O’Neill believe that the high-grade shallow copper resource has “excellent potential” to support a low-footprint direct shipping ore mining proposal.
“We are also excited to drill test a number of newly identified EM conductors,” he said.
“We are seeing extensive chalcocite outcrop at surface, with coincident geophysical anomalies that are consistent with copper sulphides. These are compelling targets for a new discovery.
“The start-up of the program has gone smoothly with favourable weather conditions. We look forward to reporting on the results as drilling progresses.”
With only very limited drilling into some of these areas of anomalism, the company said that newly defined conductors present a number of compelling new and untested targets that will be drilled during this program.
Shares in American West Metals ended the day 3.85 per cent in the green to close at 13.5 cents.