Ameriwest Reports 170 Feet at 6.17% CuEq in First Modern Assays from Bornite Core
Summary
Ameriwest released initial modern assay results from re-sampling historical drill core at its Bornite copper-gold-silver project in Oregon. Hole CC24 returned 190 feet grading 5.59% CuEq, including 170 feet at 6.17% CuEq, while hole CC26 returned 190 feet at 3.26% CuEq and 270 feet at 1.27% CuEq. These modern assays show higher copper, gold, and silver values than the historical database, with CuEq up to 28% higher in certain intervals, though the sample size is too small for statistical significance. The results are the first from a seven-hole program, with five additional holes pending. No current mineral resource has been established, and the company is working toward an initial NI 43-101 resource estimate. The high-grade intercepts and confirmation of historical data strengthen the project's exploration potential, particularly with copper prices near historic highs.
At the time of this announcement, AWLIF was trading at $0.17 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $6.4M. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: ACCESS Newswire.