Assays confirm new zone of thick, near-surface high-grade copper at Storm Copper Project, Canada

1 July 2024

(Monday, 1st July 2024) American West Metals Limited (American West or the Company) (ASX: AW1 | OTCQB: AWMLF) is pleased to provide an update on drilling and exploration activities at the Storm Copper Project (Storm or the Project) on Somerset Island, Nunavut, Canada.

Grades of more than 7% Cu in recent drilling of The Gap; circa 20,000m summer drilling program underway

• Drill hole SR24-03 at the underexplored Gap prospect has intersected:
  • 20m @ 2.3% Cu from 38m downhole, including,
    • 8m @ 5.3% Cu from 39m downhole, including,
      • 3m @ 7% Cu from 41m downhole
• SR24-03 was drilled to test an electromagnetic (EM) anomaly, once again demonstrating the strong correlation between EM targets and very high-grade copper sulphide mineralisation
• A further 10 EM anomalies have already been identified by the 2024 EM program with deep penetrating, high-resolution EM surveys planned to recommence this month around the existing Storm deposits as well as the regional Tornado, Blizzard, and Tempest areas
• The summer drilling program is now underway with approximately 20,000m of drilling planned – initially using two Reverse Circulation (RC) rigs and one diamond drilling rig – to target:

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