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Why American West Metals Limited is expanding copper mining in Canada — ASX:AW1| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$AW1
Why American West Metals Limited is expanding copper mining in Canada
American West Metals Limited, a mining exploration company, has announced further assay results from the summer Reverse Circulation drilling program at the Storm Copper Project in Canada. The results show thick intervals of near-surface, high-grade copper mineralisation which indicates the potential for a low-cost, high margin Direct Shipping Ore (DSO) production scenario at Storm.
Extensive near-surface copper at Storm Copper Project
Drilling results show the 4100N Zone has high-grade, near-surface copper defined over a strike of more than 1,300m and a width of 400m. The geophysics supports the potential to extend mineralisation 600m further to the north-east. All known high-grade, near-surface copper zones remain open and thus offer the potential for additional drilling to expand the resource, further demonstrating the strong correlation between geophysical targets and copper mineralisation. The complete picture of the drilling to date shows that the near-surface high-grade copper zones are continuous and offer outstanding growth potential.
Maiden mineral resource
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estimation at Storm to be supported
The latest assays are part of the 63 drill holes completed in 2023 which will be used to support the maiden mineral resource estimation at Storm, which is expected to be released soon. The company's exploration has been highly successful in delivering new discoveries of near-surface copper as well as confirming the presence of high-grade sediment-hosted copper sulphide mineralisation at depth. These achievements point to the potential scale of the Storm project, which the company compares with the large-scale copper deposits in the Congo and Botswana.
Exciting news for American West Metals Limited
Dave O’Neill, Managing Director of American West Metals Limited, states that this year’s drilling program "continues to impress". He adds that the findings "highlight clear similarities of Storm to the large-scale copper deposits in the Congo and Botswana". He also mentions that his company is looking forward to reporting further news from Storm in the coming weeks, including the fourth diamond drill hole, the Tempest surface sampling and magnetic survey results, and preparations for the 2024 field season.
Conclusion
The findings reveal the potential for large-scale copper production at Storm. The mineralisation is extensive and further drilling shows the potential for growth. American West Metals Limited's findings offer the promise of substantial growth and contribute to the global copper supply.
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L
Lykeshares
133d
Official
Berkshire is hoarding so. much. cash.
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L
Lykeshares
133d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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L
Lykeshares
164d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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