Ameriwest Reports CC30 Copper Results from Bornite Historical Core
Ameriwest Critical Metals has reported modern assay results from historical drill hole CC30 at its Bornite copper-gold-silver project in Oregon, while noting that further technical work is required and no current resource or reserve has been established.
Ameriwest Critical Metals Inc. (CSE:AWCM, OTCQB:AWLIF, FSE:5HV) has reported additional modern assay results from preserved historical drill core at its 100%-owned Bornite copper-gold-silver project in Oregon. Results from hole CC30 included a 110.0-foot (33.5-meter) interval grading 5.87% Copper Equivalent (CuEq), with a higher-grade section of 71.0 feet (21.6 meters) grading 8.08% CuEq.
The broader interval runs from a depth of 250.0 feet to 360.0 feet (76.2 meters to 109.7 meters). The included higher-grade section extends from 269.0 feet to 340.0 feet (82.0 meters to 103.6 meters).
Ameriwest said modern copper grades were approximately 6% higher than the corresponding historical grades across both the 110.0-foot (33.5-meter) interval and the included 71.0-foot (21.6-meter) interval. The reported lengths are downhole measurements, and true widths are currently unknown.
The results form part of a seven-hole programme examining preserved historical core drilled at Bornite between 1976 and 1990. Ameriwest is taking new quarter-core samples from remaining half-core and submitting them for modern laboratory analysis. The work also includes multi-element testing intended to assess other metals associated with the mineralised system.
CC30 is the third historical hole reported under the current programme, following results from CC24 and CC26. Results from four additional historical holes remain pending.
The company said the programme is being used to compare modern and historical assay data and assess the reliability, consistency and limitations of the historical drilling database. Significant historical drill intercepts were released by Ameriwest in a June 3, 2026, press release.
Ameriwest describes Bornite as hosting copper-gold-silver mineralisation mainly associated with bornite and chalcopyrite within a steeply oriented breccia pipe. Historical exploration and preliminary modelling have identified a higher-grade copper-bearing breccia and fractured shell near the pipe perimeter, a lower-grade mineralised interior and sheeted vein mineralisation in surrounding rock.
The company has previously completed a preliminary 3D geological model using the historical drilling database. It said the modern assays are intended to provide additional information on the characteristics and distribution of mineralisation. Further work is required to establish the extent, continuity and potential economic significance of the mineralised zones.
Ameriwest calculated the reported CuEq grades using a Cu price of US$6.40 per pound, an Au price of US$4,500 per ounce and an Ag price of US$75 per ounce. The calculation used recovery assumptions of 95% for copper, 90% for gold and 95% for silver, based on historical metallurgical test work.
The company said the underlying 1992 analysis and report predated National Instrument 43-101 (NI 43-101) and CIM standards and had not been verified by an independent Qualified Person. No current mineral resources or mineral reserves have been established at Bornite, and no economic viability has been demonstrated.
Ameriwest’s stated priorities include reporting further assay results as appropriate, comparing historical and modern data, updating geological interpretations, reviewing multi-element results and continuing technical planning and permitting for potential future drilling.
Upon completion of the Re-sampling Program and relevant verification work, the Company intends to assess the additional technical work required to support the possible preparation of an initial current mineral resource estimate in accordance with National Instrument 43-101 (NI 43-101) and CIM Definition Standards. Additional drilling and other technical studies may be necessary, and there can be no assurance that a current mineral resource will be established.
Ameriwest Critical Metals announced additional results from its ongoing programme to re-sample and assay preserved historical drill core at its 100%-owned Bornite copper-gold-silver project in Oregon. The results relate to historical drill hole CC30 and include modern assays for copper, gold and silver.
Ameriwest Critical Metals announced the results on October 28, 2026. The announcement covers the continuing re-sampling programme at Bornite, including results from the third historical hole assessed under the current seven-hole programme.
The modern assays from hole CC30 returned 110.0 feet (33.5 meters) grading 5.87% Copper Equivalent from a depth of 250.0 feet to 360.0 feet (76.2 meters to 109.7 meters). This interval included 71.0 feet (21.6 meters) grading 8.08% CuEq from a depth of 269.0 feet to 340.0 feet (82.0 meters to 103.6 meters).
Ameriwest Critical Metals said the modern copper grades were approximately 6% higher over both the 110.0 feet (33.5 meters) interval and the included 71.0 feet (21.6 meters) interval than the corresponding historical interval grades. The comparison forms part of the company's assessment of the reliability and consistency of historical assay information at Bornite.
Ameriwest Critical Metals is collecting new quarter-core samples from preserved portions of historical half drill core and submitting them for laboratory analysis using modern methods. The programme also includes expanded multi-element analysis to evaluate other metals that may be associated with the Bornite mineralised system.
Results from four additional historical holes remain pending from Ameriwest Critical Metals' current seven-hole re-sampling programme. The company said it will review and report further results as appropriate and in accordance with applicable disclosure requirements.
Ameriwest Critical Metals said the results are intended to provide additional information for evaluating the characteristics and distribution of mineralisation within the Bornite system. After completing the re-sampling programme and relevant verification work, the company intends to assess the further technical work required to support the possible preparation of an initial current mineral resource estimate in accordance with NI 43-101 and CIM Definition Standards.
Ameriwest Critical Metals said no current mineral resources or mineral reserves have been established at Bornite, and no economic viability has been demonstrated. The company also said additional drilling and other technical studies may be necessary and that there can be no assurance that a current mineral resource will be established.
Ameriwest Critical Metals said Bornite hosts copper-gold-silver mineralisation principally associated with bornite and chalcopyrite within a steeply oriented breccia pipe. Historical exploration and preliminary geological modelling identified a higher-grade copper-bearing breccia and fractured shell near the perimeter, a lower-grade mineralised interior and sheeted vein mineralisation associated with the surrounding rock.
Ameriwest Critical Metals said its priorities include further assay reporting, historical data verification, geological modelling, multi-element analysis and technical planning and permitting for potential future drilling. The company said any potential drilling would be designed to provide additional geological, metallurgical and resource evaluation information.
Ameriwest Critical Metals calculated CuEq grades using a Cu price of US$6.40 per pound, an Au price of US$4,500 per ounce and an Ag price of US$75 per ounce, together with stated recovery assumptions of 95% for copper, 90% for gold and 95% for silver. The company said the methodology was based on historical metallurgical test work and that the underlying 1992 analysis and report predated NI 43-101 and CIM standards and had not been verified by an independent Qualified Person.
Ameriwest Critical Metals is identified in the announcement as trading on the Canadian Securities Exchange under CSE:AWCM, on the OTCQB under OTCQB:AWLIF and on the Frankfurt Stock Exchange under FSE:5HV.
Ameriwest Critical Metals is an exploration company focused on identifying and advancing strategic critical mineral projects in North America. It is advancing the Bornite copper-gold-silver project in Oregon and the Thompson Valley lithium clay property in Arizona, and also owns a lithium clay property in Clayton Valley, Nevada.