This is the second drilling program for
Impressive results continue to come in from the ongoing exploration conducted by our partner
These assay results from the first reverse circulation drill hole of the season confirm the presence of significant copper mineralization, exceeding the initial visual estimates. This increases our confidence in both the core logging and our assumptions on the continuity of the mineralization at the 4100N Zone.
We look forward to continuing good news from the results of the ongoing drilling, as well as from the interpretation of the recently completed geophysical programs now being processed.'
Assay results have been received for drill hole SR23-01, the first hole of the current program, and confirm the presence of thick intervals of near-surface copper sulfides. The assays indicate that the mineralized intervals in SR23-01 have exceeded our visual estimations as reported in the Company's
The drilling program is ongoing and continues to intersect significant lengths of visual copper sulfide mineralization within the central and western portion of the known mineralized zone at the 4100N Zone. Due to continuing success and an expansion of the mineralized footprint, further drill holes have been added to the 4100N Zone program.
Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Laboratory assays are required to determine the presence and grade of any contained mineralization within the reported visual intersections of copper sulfides. Portable XRF is used as an aid in the determination of mineral type and abundance during the geological logging process.
DRILL HOLE SR23-01 DETAILS
SR23-01 was drilled to a downhole depth of 137.2m and was the first drill hole completed in the 2023 drill program. The drill hole forms part of a program that is designed to determine the resource potential of the near-surface 4100N Zone.
The drill hole is located in the central portion of the 4100N Zone and was designed to test the continuation of the mineralization between two historical drill holes, ST97-13 and ST00-63.
SR23-01 intersected three zones of vein and fracture-style copper sulfide mineralization interpreted to be near horizontal and hosted within fractured dolomite.
The sulfide abundance and grade of the mineralized intervals within SR23-01 are very similar to that of the historical drill holes along section 465000E. This demonstrates good lateral continuity of the mineralized zones and is a positive outcome for the resource potential at the 4100N Zone.
RECENTLY COMPLETED DRILL HOLE DETAILS
The latest drill holes (SR23-10, SR23-11, SR23-12, SR23-13, SR23-14, SR23-15, SR23-16 and SR23-17) have continued to intersect thick intervals of copper sulfide mineralization within the central and western parts of the 4100N Zone.
The mineralization is visually similar to the previous drill holes completed in the current program and is characterized by thick zones of strong copper sulfide mineralization within a broad mineralized package of vein, fracture and disseminated style mineralization. The mineralized horizons are relatively flat lying, laterally extensive in nature and remain open along and across strike.
The dominant copper sulfide minerals observed within the drill holes to date are chalcocite, with chalcopyrite and bornite also present in abundance. Minor native copper and copper oxides (mostly malachite and cuprite) are also present.
The copper mineralization is hosted within distinctive horizons of the Allen Bay Formation, which is comprised of massive to thinly bedded dolomicrites.
Drill hole SR23-16 has intersected copper sulfide mineralized rocks of the Allen Bay Formation which are cut by a large fault in the lower portion of the drill hole. The interpreted fault consists of clay and fractured dolomudstone and is evident in the geophysical data as a north-south orientated feature. The mineralized copper horizons are continuous either side of the fault.
DRILL HOLE VISUAL LOGS
Intersections below are expressed as downhole lengths and are interpreted to be close to true widths. Visual estimates of sulfide type, quantity and habit should not be considered a substitute for laboratory assays. Portable XRF analysis has been used to confirm the nature of the sulfide intercepts. Laboratory assays are required to determine the widths and grade of mineralization as reported in preliminary geological logging.
About the Storm Copper and Seal Zinc-Silver Projects,
The
About
Aston Bay is a publicly traded mineral exploration company exploring for high-grade copper and gold deposits in
The Company is 100% owner of the
About
Our portfolio of copper and zinc projects in
Led by a highly experienced leadership team, our strategic initiatives lay the foundation for a sustainable business which aims to deliver high-multiplier returns on shareholder investment and economic benefits to all stakeholders.
FORWARD-LOOKING STATEMENTS
Statements made in this news release, including those regarding the Option Agreement, grant of the Option and the expected closing date, American West's interest in the
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