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Drilling Underway on MTB’s Telegraph Copper-Gold Undertaking in BC’s Golden Triangle

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  • Excellent 100% drilling success fee continues with the sediment-hosted copper system confirmed in an untested space of the Storm Undertaking
  • ST23-04 has intersected a thick 18.5m zone of visible copper sulphide (chalcocite and chalcopyrite) between 339m and 357.5m downhole, which correlates with the possible sediment hosted copper horizon intersected in all diamond drill holes this season
  • ST23-04 extends the obvious strike of the possible copper horizon an additional 2km to the west of ST23-03
  • The drill gap was concentrating on a big gravity anomaly positioned south of the Southern Graben Fault, in addition to the fault itself, validating the effectiveness of gravity in figuring out copper sulphide mineralisation
  • An untested 880m x 470m Mounted Loop Electromagnetic (FLEM) conductor is positioned instantly south of ST23-04 indicating potential for additional robust copper mineralisation within the space
  • Profitable drill outcomes show additional proof of a belt scale copper system
  • Drilling continues on the Storm Undertaking with assay outcomes pending and anticipated inside the subsequent two weeks
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Dave O’Neill, Managing Director of American West Metals commented:

“The excellent 100% success fee of the diamond drilling at continues at Storm, with the fourth diamond drill gap intersecting one other thick interval of visible copper sulphides. This distinctive strike fee throughout a really broad space is additional proof of a really regional scale copper system.

“The drill gap was designed to check a dense gravity function in an untested space between the high- grade, near-surface 3500N Zone, and the opposite high-grade copper zones over 3km to the east. The drill gap was additionally designed to intersect one of many regional-scale graben faults for the primary time.

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“The drill gap hit each targets and has confirmed the presence of great volumes of sediment- hosted copper sulphides south of the graben fault, while additionally confirming the principle fault system as a productive plumbing system for copper mineralisation and a goal for added copper mineralisation.

“The sediment-hosted copper intersection inside ST23-04 sits inside the identical stratigraphic package deal intersected in earlier diamond drill holes accomplished by American West, and is over 2km from the closest deep drill gap. With each drill gap that has focused the big gravity options hitting copper sulphides, our confidence within the large-scale potential of the copper system continues to develop.

“The Reverse Circulation (RC) drilling additionally continues to progress quickly with the deliberate drilling of the 4100N, 2750N and 2200N Zones accomplished. The drill rig has now moved onto quite a lot of high- precedence ‘Thunder’ model exploration and geophysical targets to proceed to outline further areas of copper mineralisation and show potential useful resource upside.

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“We sit up for offering additional information stream and updates on each the diamond and RC drilling program.”

Determine 1: Breccia chalcocite (darkish gray) and pyrite (yellow, brassy) in drill gap ST23-04 from roughly 349.5m downhole.

Visible estimates of mineral abundance ought to by no means be thought of a proxy or substitute for laboratory analyses the place concentrations or grades are the issue of principal financial curiosity. Laboratory assays are required to find out the presence and grade of any contained mineralisation inside the reported visible intersections of copper sulphides. Transportable XRF is used as an help within the dedication of mineral sort and abundance in the course of the geological logging course of.

Determine 2: Plan view of the Storm space displaying the gravity information interpretation, recognized copper deposit footprints (yellow), main faults, and diamond drill gap places as mentioned on this report.

DIAMOND DRILLING SUCCESS SUPPORTS LARGE SCALE COPPER ENDOWMENT

Diamond drill gap ST23-04 has been accomplished in an untested space of the Storm Undertaking and over 2km west of the latest Thunder zone discovery (see ASX announcement dated 7 August 2023: Two Distinctive New Discoveries at Storm).

The drill gap is the fourth gap to be accomplished within the present diamond drill program and was designed to check a robust gravity anomaly, and to additionally intersect one of many primary interpreted buildings within the space, the Southern Graben Fault. Each targets have been efficiently examined and supply additional proof of a regional scale copper sulphide system inside the Storm Undertaking space.

ST23-04 intersected a large, sulphide bearing fault zone that’s interpreted to be the Southern Graben Fault. Although solely minor copper is current inside the fault zone, the outcomes verify the presence of copper mineralisation and fluid motion inside this regionally vital and laterally in depth construction. Considerably, the drill gap intersected the fault zone over 700m alongside strike from the near- floor, high-grade copper mineralisation on the 3500N Zone (the place intersections embody 35.4m @ 1.73% Cu in ST99-43), highlighting the construction as an vital plumbing system for copper mineralisation and pointing to the potential relationship between the decrease sediment-hosted model and higher, near-surface copper mineralisation.

The primary interval of visible sulphide copper mineralisation intersected inside ST23-04 is an 18.5m thick zone containing chalcopyrite and chalcocite which is interpreted to correlate with the identical distinctive sediment-hosted mineralised horizon as encountered inside diamond drill holes ST22-10, ST23-01, ST23-02 and ST23-03 (Figures 2 & 3).

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This text contains content material from American West Metals, licensed for the aim of publishing on Investing Information Australia. This text doesn’t represent monetary product recommendation. It’s your duty to carry out correct due diligence earlier than appearing upon any info supplied right here. Please seek advice from our full disclaimer right here.



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