nothing new....but a comprehensive summary from germany.. ------------------------------------------------------------------------------------------------------------------------------------
American West - Exploration Program to Significantly Expand Copper Resource! https://www.wallstreet-online.de/nachricht/19374540-runde-la…
American West (ASX: AW1, FSE: R84, WKN: A3DE4Y) is currently launching a new exploration and development program at the Storm copper project on Somerset Island in the Canadian province of Nunavut.This program is designed to maximize the existing resource with minimal effort and cost.American West is setting a relatively high bar, but at the same time is pursuing a very pragmatic approach: A number of easily accessible targets on Storm will be investigated. They were selected to be not only easy and cost-effective to reach, but also to offer a high probability of drilling success and thus, in the medium term, an expansion of the resource.If both can be implemented as planned, American West could not only significantly expand its existing resources but also conserve its own financial resources at the same time. This is not only shareholder value in its purest form, but also demonstrates that American West's management is always aware, in all its decisions, that as an explorer, you don't have money to throw away and should think twice about every dollar.
American West certainly has no shortage of targets at Storm, as the relatively narrow project is enormous, especially in length.It extends from the coast as a narrow 110-kilometer-long strip, initially heading southeast before bending south. The planned work for the new drilling season is focused on a zone approximately 20 kilometers long, beginning approximately 25 kilometers from the bend point and extending to it.American West has achieved considerable success in these zones over the past two years.They know the geology very well and know where the probability of new discoveries is highest. Therefore, it made sense for the geological team to focus on precisely these target zones this year in order to achieve the greatest possible yield with comparatively little effort.American West aims to significantly expand the known mineralization.
Several target zones are therefore in particular focus this year.They are no strangers to investors, as they not only contain parts of the current resource, but also offer a number of large-scale exploration targets for resource expansion. The Tornado and Blizzard deposits are two of these zones.They are located five kilometers east of the Storm deposit and host a 3.2 by 1.5 kilometer copper geochemical anomaly, as well as two large electromagnetic plates.All three target zones have not yet been tested by drilling.Another target zone is the Midway deposit. Located approximately five kilometers west of the Storm deposit, it was drilled by the previous owners in a single hole.At that time, it intersected visible copper sulfide over a length of 58 meters.It is noteworthy that this target was not pursued further despite this success.
American West has identified the Tornado South deposit as a fourth zone of interest for this drilling season.It lies south of the Tornado/Blizzard area and contains a large structural hotspot that can be considered a prime example of copper mineralization.New airborne geophysical surveys complement the drilling and should identify new drill targets for the coming years. The high-grade copper discoveries (including 1.2% copper over 10 meters) made in the past at the Cyclone Deeps target area make this part of the Storm project particularly promising for drilling to expand the current resource.There is also potential here to significantly increase the existing resource very quickly and very cost-effectively.The situation at Cirrus Deeps is similar. American West has also identified this deposit as a high-priority electromagnetic target, with a stratigraphic setting very similar to that at Cyclone Deeps.
The Gap also offers good prospects for rapidly and cost-effectively expanding the resource.A strong electromagnetic anomaly was also discovered on this part of the Storm project, which was confirmed as a priority copper target following further analysis.Initial drilling here returned 20 meters of 2.3% copper at a depth of just 28 meters.At its peak, the copper grade even rose to 5.3% over a length of 8.0 meters.
Recent successes encourage American West to conduct an initial geophysical survey of a largely untouched portion of the Storm project this year.As in the previous year, the goal is to identify new future drill targets based on the electromagnetic measurements.Therefore, further airborne surveys are planned this summer along the 110-kilometer-long potential copper horizon.To choose is to choose. Making decisions can sometimes be challenging.Especially when, as in American West's case, a 110-kilometer-long strip with many attractive drill targets is available.With projects of this magnitude, a small company can easily get bogged down.To prevent this from happening at Storm, American West is pursuing a systematic yet pragmatic approach. Its starting point is the Preliminary Economic Assessment (PEA) completed a few months ago.It presented a highly interesting path for developing the Storm project quickly and cost-effectively.For American West, it therefore makes sense to focus its drilling target selection primarily on those targets and zones that best meet the requirements of the PEA for a future mining scenario.
Exploration and development will therefore be vigorously pursued in 2025 and 2026. Preparations for the new field season are already well advanced.Thanks to the sea transports completed in the fourth quarter of 2024, American West has already landed large quantities of the required materials and equipment on Storm. This enables shorter lead times this year and reduces costs by approximately four million Canadian dollars compared to previous years.The company can now use this money to either conduct additional drilling or finance other development work on Storm.Regardless of which path the company chooses, this extremely pragmatic approach is a tremendous benefit for its shareholders, as it conserves the company's financial resources while offering the prospect of maximum success.Many shareholders will therefore rightly be eagerly awaiting the start of drilling and the arrival of the first results from the laboratory.
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