- ArcWest Exploration (TSXV: AWX) identifies significant porphyry copper-molybdenum system at North target.
- Initial drill program reveals promising mineralization, yet many targets remain untested.
- Company holds a robust financial position with $2.73 million in treasury.
ArcWest Exploration Inc. (TSXV: AWX) has announced promising results from its first phase drill program at the Rip copper-molybdenum project located in central British Columbia. Funded by Copper Quest Exploration, the program confirmed a mineralized porphyry system at the North target.
Key findings from the drilling include hole RP24-001, which intersected 24.6 meters with a copper concentration of 0.13% and 109 ppm molybdenum. The drill program comprised two holes, totaling 1,033 meters, revealing multiple phases of porphyritic intrusions with potassic to phyllic alteration and multistage veining.
The North target has been partially delineated as a 600-meter wide subvertical cylindrical mineralized zone. Despite most assays indicating only anomalous levels of Cu-Mo mineralization, the presence of intense quartz-sericite-pyrite alteration suggests the possibility of a substantial porphyry system. Importantly, the majority of geophysical targets, particularly the South target, remain untested.
As of March 13, 2025, ArcWest maintains a solid financial position with $2.73 million in treasury and approximately $185,000 in marketable securities. The company has no warrants, significant insider ownership, and is currently in discussions with potential partners for additional exploration projects.
