Exploration drilling and high-powered geophysics is underway at the Storm Copper Project

22 April 2024

Targeting immediate and significant resource growth through drilling

  • American West’s 2024 exploration and resource definition program has commenced at the Storm Copper Project
  • Track-mounted Reverse-Circulation (RC) drilling is underway and is initially focused on:
    • Testing new, high-priority exploration targets proximal to the known Storm deposits with the aim of discovering new zones of near-surface high-grade copper mineralisation
    • Resource definition of the 2023 high-grade copper discovery at Thunder where discovery hole ST23-03 delivered 48.6m @ 3% Cu from 32.4m within a broader interval of 76m @ 2% Cu from 32.4m
    • Drilling electromagnetic (EM) targets adjacent to the Cyclone Deposit – including an EM target with a very high modelled conductivity of 17,000 Seimens – with the aim of expanding the resource
  • Additional drill rigs will join the program in the coming weeks and will focus on:
    • Expansion and infill drilling of the Cyclone (12Mt @ 1.2% Cu, 3.8g/t Ag) and Chinook (2.2Mt @ 1.5% Cu, 4g/t Ag) copper deposits
    • Exploration below the known copper deposits within the Storm area
    • Drilling of large-scale copper targets at the underexplored Tornado, Blizzard, and Tempest Prospects
  • High powered Moving Loop Electromagnetics (MLEM) is also now underway to define new exploration targets and high-grade copper resource expansion areas

American West Metals Limited (American West Metals or the Company) (ASX: AW1) is pleased to announce the commencement of high-impact drilling and exploration activities at the Storm Copper Project (Storm or the Project) on Somerset Island, Nunavut.

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

“We are very pleased to report that the drilling and exploration program for 2024 is now in full swing at the Storm Copper Project in Nunavut, Canada.

“This initial phase of drilling will use the tracked RC drill rig to move quickly through the initial exploration and resource definition areas. We believe these targets will give us strong potential for the discovery of new zones of copper mineralisation and confirmation of the resource potential in key areas. Early success in these areas will help to prioritise and focus the remainder of the drilling program.

“We are also excited to commence the high-powered Moving Loop Electromagnetic (MLEM) survey at Storm. This survey has the potential to generate new targets in higher resolution and at deeper levels than previous surveys, opening the area for further copper discoveries and providing important targeting information for the resource drilling. EM surveys have proven to be a reliable targeting tool with all of the EM anomalies tested to date correlating with high-grade copper sulphides.

“Our team has executed the ramp-up to production in a safe and efficient manner and we look forward to strong news flow over the coming months as the drilling and geophysical programs continue.”

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