Sediment hosted copper system confirmed at the Storm Copper Project and Thunder delivers 76m @ 2% Cu from 32m

26 September 2023

Discovery of large sediment-hosted copper system confirmed by diamond drilling:

• Assay results for diamond drill holes ST23-01, ST23-02 and ST23-03 indicate that all three holes have intersected sediment-hosted copper beneath the near-surface copper deposits at Storm
• ST23-02 has intersected a 24m thick interval of copper sulphides at depth with copper values up to 2.7% Cu, indicating the potential of the deeper system to host high-grade mineralisation
• The wide-spaced location of the holes – between 600m to 2km spacing – highlights the broad lateral scale of the sediment-hosted copper system
• The results confirm the correlation between the sediment-hosted copper and gravity anomalies, highlighting outstanding large-scale exploration potential with more than 14km prospective strike untested by drilling

Exceptional new near-surface copper discovery at Thunder:

• Diamond drill hole ST23-03 has returned assays of:
  • 76m @ 2% Cu from 32.4m, including
  • 48.6m @ 3% Cu from 32.4m, and including,
  • 20m @ 6.2% Cu from 40.8m
• The Thunder discovery – located 1km from the known near-surface Storm copper deposits – underlines the outstanding resource expansion and exploration potential of the near-surface mineralisation

American West Metals Limited (American West or the Company) (ASX: AW1 | OTCQB: AWMLF) is pleased to announce that assay results for recent diamond drilling have confirmed further copper discoveries at the Storm Copper Project (Storm or the Project) on Somerset Island, Nunavut.

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

“I am very pleased to report that assays from the exploration diamond drill holes have confirmed the presence of high-grade sediment-hosted copper sulphide mineralisation at depth, with significant implications for the exploration potential of the project.

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