Investing News NetworkAUSTRALIA
American West Metals Limited (American West or the Company) (ASX: AW1) is pleased to announce that drill hole WD22-19 - the first exploration drill hole completed by American West - has delivered a discovery that may potentially represent a significant extension of the known mineralisation at the West Desert Project in Utah (West Desert or the Project).
- Exploration diamond drill hole – WD22-19 – has intersected wide intervals of magnetite skarn mineralisation 250m south west of the existing resource envelope for the West Desert Deposit
- The drill hole was designed to test a strong magnetic anomaly that has the same geophysical signature as the West Desert Deposit
- Geological logging of WD22-19 and portable XRF results indicate broad intervals with elevated zinc, copper and silver punctuated by zones of high-grade zinc and copper
- The geology and geochemistry of WD22-19 indicate the drill hole is on the edge of a strong mineral system
- Results for the outstanding drill holes are pending and expected in the coming weeks
WD22-19 was designed to test a large magnetitic anomaly which is centered approximately 250m south-west of the existing West Desert Deposit. The magnetic anomaly has the same geophysical signature as the West Desert Deposit and is interpreted to be a potential faulted extension of the Deposit. The magnetic anomaly has never previously been drilled.
The drill hole has intersected multiple zones of strong and massive magnetite skarn mineralisation enriched in zinc, copper and silver.
The discovery of further mineralisation over 250m to the west of the West Desert Deposit has confirmed the outstanding growth and exploration potential across the Company’s Project tenure.
Dave O’Neill, Managing Director of American West Metals commented:
“We are extremely excited by the results of the first exploration drill hole to be completed by AW1 at West Desert.
“WD22-19 has discovered a thick sequence of magnetite skarn mineralisation over 250m south west of the known West Desert Deposit.
“The visual observations and portable XRF results indicate broad zones of zinc, copper, silver and molybdenum mineralisation, and confirms that our interpretations about the geophysical targets - including potential West Desert look alikes - are correct.
“This has huge implications for the exploration upside and potential to extend the known West Desert Deposit, with a number of large magnetic and gravity features in the pipeline for drill testing.
“As exploration continues at the West Desert Project, investors can look forward to further news flow in the coming weeks and beyond as we continue to receive assay results from the completed drilling.”
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