Large exploration program set to commence at the Storm Copper Project, Canada

26 February 2024

Drilling to focus on immediate resource growth and testing of large-scale copper targets

  • Field program will commence in March 2024 focused on resource expansion/definition and exploration
  • Approximately 22,000m of RC and diamond drilling is planned with a focus on:
    • Expansion of the maiden 17.5Mt @ 1.2% Cu, 3.4g/t Ag resource at Storm
    • Resource definition of the known high-grade copper discoveries at Thunder (48.6m @ 3% Cu), Lightning Ridge (30.4m @ 2.2% Cu) and The Gap (1.5m @ 4.4% Cu and 2m @ 2.5m% Cu)
    • Drill testing new high-grade copper zones along strike and below the existing deposits and copper discoveries
    • Exploration along the prospective >100km copper belt including high-resolution surface electromagnetic (EM) surveys and drill testing the Blizzard, Tornado and Tempest prospects
  • Permitting roadmap continuing with environmental and mining studies underway

American West Metals Limited (American West Metals or the Company) (ASX: AW1) is pleased to provide an update on the 2024 drilling and exploration plans for the Storm Copper Project (Storm or the Project) on Somerset Island, Nunavut, Canada.

Dave O’Neill, Managing Director of American West Metals commented:

“After recently securing an additional $10M in funding, we are very excited to provide an update on our exploration plans for 2024 at the Storm Copper Project. The logistics are now underway for what will be a significantly expanded program that will build on the excellent foundations set by the maiden MRE and 2023 high-grade copper discoveries at the Storm Project.

“The initial Storm copper resource is blessed with outstanding and immediate growth potential. The known copper deposits remain open and the high-grade Thunder, Lightning Ridge and Cyclone North discoveries of 2023 are not yet included in the MRE.

“The drilling this year will aim to immediately build the copper inventory around the known deposits and high-grade prospects, and to explore the emerging, large-scale sedimentary copper system.

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