Drill Results
Ameriwest Outlines Multiple Additional Breccia Pipe-Style Targets at Bornite from Historical Soil Sampling and Mapping
Ameriwest Critical Metals Identifies New Targets at Bornite as Exploration Program Advances
Executive Summary
- Event: Exploration Update regarding the 100%-owned Bornite Property in Oregon.
- Discovery: Five additional breccia pipe-style exploration targets identified in the northeast corner of the claim block.
- Data Source: Targets derived from historical soil sampling and geological mapping conducted by Amoco Minerals Company in the 1970s and 1980s, reviewed by Apex Geoscience Ltd.
- Property Details: Total land package is 87 unpatented claims covering approximately 1,740 acres. The primary "Bornite Pipe" target remains open at depth (approx. 1,000 feet).
- Next Steps: Planned activities include 3D modelling of historical data, re-logging/re-assaying of historical core, geophysical evaluations (drone/helicopter), and development of an initial drilling program.
- Management Commentary: CEO David Watkinson states the known breccia pipe remains the foundation, but the new targets suggest a broader "breccia pipe cluster" enhancing overall scale potential.
Material Impact
- Incremental Progression: The news follows logically from the May 4th land expansion and April 20th 3D geological model completion. It validates the strategy of expanding the footprint around the known mineralization.
- No New Assays: Unlike previous announcements that defined a high-grade copper shell (April), this release identifies targets based on historical data, not new drill results or resource estimates. This limits immediate valuation impact.
- Pipeline Validation: The identification of multiple targets supports the company's narrative of a larger mineralized system rather than a single isolated pipe, which is positive for long-term project scale but does not alter near-term financials.
- Market Expectation: Given the previous announcement of land expansion and 3D modeling, this target generation was anticipated as part of the work program outlined in February financing updates. It is consistent with expectations rather than exceeding them significantly.
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Company Overview
- Company: Ameriwest Critical Metals Inc. focuses on critical metals including copper, lithium, and rare earths in North America.
- Flagship Project: Bornite Copper-Gold-Silver Project (Oregon).
- Type: Breccia pipe-style deposit.
- Dimensions: Approx. 450 feet diameter, extending from surface to ~1,000 feet depth.
- Mineralization: High-grade copper shell (~2.4% Cu), sheeted vein zone (0.9% Cu), interior pipe (0.60% Cu).
- Status: Historical resource estimate exists (3.2Mt @ 2.2% Cu) but no NI 43-101 compliant resource has been defined yet.
- Secondary Projects: Xeno Rare Earth Project (BC), Thompson Valley Lithium (AZ), Clayton Valley Lithium (NV).
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Jun 22, 2026 · 19:55