4 September 2023
(September 4, 2023) American West Metals Limited (American West or the Company) (ASX: AW1 | OTCQB: AWMLF) is pleased to report exceptional drill results that confirm thick, high-grade copper – including bonanza grades – over an expansive and growing footprint at the Storm Copper Project (Storm or the Project) on Somerset Island, Nunavut.
Initial assay results from the summer drilling program at the 2750N and 4100N Zones have returned outstanding near-surface high-grade copper intervals including:
Further assays for the summer drilling program expected regularly over the coming weeks Another new discovery further expands the copper mineralisation footprint at Storm:
Exploration RC drill hole SR23-52 has intersected a total of 19m of strong visual copper sulphide mineralisation in two zones from 32m downhole, delivering a new discovery in an underexplored area of the Project
The discovery is interpreted to be fault related and is located between the high-grade 2750N and 2200N Zones, which are located approximately 1km apart
The new copper zone has been named ‘Lightning Ridge’
Over 10km of prospective structures have been identified in the immediate area with further potential across the Project tenure
“We are very pleased to provide an update on the drilling activities at Storm with the initial assays for the 2023 summer resource drill program now received. The assays continue the theme of strong results from the 2023 spring program with more high-grade mineralisation confirmed at both the 2750N and 4100N Zones. These results further emphasise the outstanding resource potential at Storm.
“The continuity and consistency of mineralisation at the 4100N Zone has been confirmed by the latest drilling results, including extremely rich zones with assays up to 43% copper. This is the highest-grade assay result to date at the 4100N Zone. Importantly, it is located in a key area that will underpin the resource classification of this prospect.
“As expected from the 2750N Zone, the drilling also continues to highlight the very high grades of the prospect. Significantly, the latest drilling has also shown that the very strong mineralisation continues to surface, which supports the potential for a high-grade, near-surface deposit suitable as a starter pit.
“We are also very pleased to report another new discovery of near-surface mineralisation. Exploration drilling between the 2750N and 2200N Zones has defined two thick intervals of strong visual sulphides associated with a large fault system and historical EM anomaly.
“The new discovery has been named Lightning Ridge due to the exposure of massive chalcocite near the gully ridge, and continues to highlight the exploration and growth opportunities within the Storm area.
“We look forward to providing further updates in the coming weeks.”