First drill holes intersect thick intervals of copper at the Storm Copper Project, Canada

1 May 2023

(May 01, 2023) American West Metals Limited (American West or the Company) (ASX: AW1 | OTCQB: AWMLF) is pleased to provide an update on drilling and geophysical activities at the  Storm  Copper Project (Storm or the Project) on Somerset Island, Nunavut.

Highlights:

  • Four Reverse Circulation (RC) drill holes completed at the 4100N Zone with all drill holes intersecting thick intervals of copper sulphide, including:
    • 24.4m of strong visual copper sulphides from 48.8m in SR23-01
    • 27.4m of strong visual copper sulphides from 56.4m in SR23-02
    • 48.7m of strong visual copper sulphides from 54.9m in SR23-03
    • 30.6m of strong visual copper sulphides from 50.3m in SR23-04
  • The 4100N drilling program is designed to define resources where extensive near- surface copper mineralisation has been identified previously
  • The first batch of drill samples has been sent to the laboratory for analysis
  • RC drilling continues at Storm with a further 12 drill holes planned at the 4100N Zone to be followed by drilling at other high-grade copper targets
  • Moving Loop Electromagnetics (MLEM) has commenced at the 4100N Zone and has already identified two new strong conductors that are untested

An extensive Reverse Circulation (RC) drilling program and Moving Loop  Electromagnetic  (MLEM)  survey is now underway at the 4100N Zone. The drilling program will initially aim to drill out maiden copper resources at the 4100N, 2750N and 2200N Zones, and test key exploration targets. Surface electromagnetics is underway to highlight enriched  zones  of  mineralisation  and to refine targets  for the remaining resource drilling.

Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Laboratory assays are required to determine the presence and grade of any contained mineralisation within the reported visual intersections of copper sulphides. Portable XRF is used as an aid in the determination of mineral type and abundance during the geological logging process.

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