American West Metals' (ASX: AW1) deep diamond drilling has discovered Cyclone style copper mineralisation at depth and confirmed the prospectivity of the Central Graben area of the Storm project in Canada.
The drilling confirms the large lateral extent of the Storm copper system at depth and highlights the potential of the ‘Deep Copper Horizon’ to host large-scale stratigraphic hosted high-grade copper deposits.
“The assays for the first deep diamond drill hole have been received and have produced outstanding results,” Managing Director, Dave O’Neill, said.
“The drill hole has hit what we believe to be the first indication of Cyclone Deposit style mineralisation at depth.
“The style, thickness, grade, and host rocks of the copper mineralisation look very similar to that of the southern part of the Cyclone Deposit. It is also located in a setting that suggests it may be a fault offset and southern continuation of the Deposit.
“To achieve these results in our very first deep drill hole this year, and whilst testing a geological concept, speaks to the untapped potential of the Storm area and confirms our assumptions that the deeper horizons have the potential to host significant quantities of economic copper mineralisation.
“The success rate and volume of copper mineralisation at all stratigraphic levels is telling us that this is a potentially huge and long-lived mineral system. Zeroing in on the strongest parts of the mineralisation will be the focus of the deep exploration going forward.
“The assays for the second deep drill hole are expected very shortly. This drill hole intersected a total of over 90m of visual copper mineralisation and we are eagerly awaiting the results. We are also looking forward to reporting on the RC drilling and investors can expect continuing regular news flow over the coming weeks and months.”