- American West Metals (AW1) sees thick intervals of copper in the first two drill holes at its Storm project in Nunavut, Canada
- The maiden drilling program began last week and has so far intersected zones of copper sulphide, hosted within intervals of vein and fracture style copper mineralisation
- A further 15 to 20 diamond drill holes are planned and will target eastern extensions to the mineralisation
- While assays are needed to confirm the grades, Managing Director Dave O’Neill says the initial results are “spectacular” and show continuity with historical copper intersections
- Company shares were up 10 per cent trading at 16.5 cents at 10:55am AEST
American West Metals (AW1) has seen thick intervals of copper in the first drill holes at its Storm project in Nunavut, Canada.
The maiden extensional and resource definition drilling program kicked off last week and is assessing the 2750N Zone, where historical drilling encountered shallow, significant copper mineralisation.
So far, the first two diamond drill holes have intersected thick zones of copper sulphide hosted within broad intervals of vein and fracture style copper mineralisation.
Just over 72 metres of visual copper mineralisation was intersected in one drill hole, while 81.2 metres was hit in the other.
The observations were both visual, and laboratory assays are now pending to confirm the copper content in the drill core.
Managing Director Dave O’Neill labelled the initial results as “spectacular”.
“The results from these holes are significant as they show strong continuity between the thick historical copper intersections at the 2750N Zone where we are aiming to define a shallow, high-grade copper resource that can support a low-footprint direct shipping ore (DSO) mining proposal.
“The DSO opportunity is an absolute game-changer for Storm that provides potential to produce a high-value product through a lowcost and low footprint development option,” Dave O’Neill said.
A further 15 to 20 diamond drill holes are now on the cards to target eastern extensions to the mineralisation.
Additionally, the company is preparing to drill a number of high-priority electromagnetic conductors identified by a fixed loop electromagnetic survey completed last year.
Company shares were up 10 per cent trading at 16.5 cents at 10:55am AEST.