American West Metals Limited (American West Metals or the Company) (ASX: AW1) is pleased to announce outstanding visual results for the first two diamond drill holes completed by the Company at the Storm Copper Project (Storm or the Project) on Somerset Island, Nunavut, Canada.

  • Visual geological observations of the first two diamond drill holes by American West Metals at the high-grade Storm Copper Project indicate that both holes have intersected extensive copper sulphide mineralisation at shallow depths
  • ST22-01 has intersected 72.1m of mineralisation including 23.74m of breccia and massive copper sulphides over multiple intervals
  • ST22-02 has intersected 81.22m of mineralisation including 22.12m of breccia and massive copper sulphides over multiple intervals
  • Drilling at Storm continues 24/7 with up to a further 15-20 diamond drill holes planned to test priority high-grade copper targets
  • Drill results support the potential for a shallow, high-grade copper resource at the 2750N Zone where previous drilling has returned assays of 110m @ 2.45% Cu from surface and 56.3m @ 3.07% Cu from 12.2m

Figure 1: Massive and breccia chalcocite (dark grey) from approximately 36m downhole in drill hole ST22-01.

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

“We are very pleased to report on the successful completion of the first drill holes completed by American West Metals at the Storm Copper Project.

“The drilling has immediately produced spectacular results with over 72m of visual mineralisation intersected in drill hole ST22-01, and over 81m in ST22-02.

“The results from these holes are significant as they show strong continuity between the thick historical copper intersections at the 2750N Zone where we are aiming to define a shallow, high-grade copper resource that can support a low-footprint direct shipping ore (DSO) mining proposal.

“Initial ore sorting test work on Storm mineralisation produced a commercial grade DSO product with a copper grade of more than 53% copper and no impurities through a simple and low-cost process. The DSO opportunity is an absolute game-changer for Storm that provides potential to produce a high-value product through a low- cost and low footprint development option.

“Drilling at Storm is continuing with further resource definition drilling planned as well as drilling to test new EM conductors that have the potential to deliver more massive sulphide discoveries.

“The onsite team is doing a fantastic job executing this important drill program, and we look forward to reporting more news as drilling progresses.”

Figure 2: Drilling underway on drill hole ST22-01 at the 2750N Zone, Storm Copper Project

Drill holes ST22-01 and ST22-02 have successfully intersected thick zones of breccia and massive chalcocite (copper sulphide) hosted within much broader intervals of vein and fracture style copper mineralisation.

A total of 72.1m of visual copper mineralisation was intersected in ST22-01, with 81.22m of visual copper mineralisation intersected in ST22-02. Laboratory assays are pending and required to confirm the copper content in the drill core.

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