AW1

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15.5¢ american west metals limited

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Pokerface

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03/04/24

16:08

Post #: 73171511
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Originally posted by Met2020 ↑

Is AW1 only scratched the tip of the iceberg with the Storm Copper maiden resource?

The Storm Copper Project is like a treasure chest overflowing with copper goodies! Recent studies say it's bursting with high-grade copper deposits just waiting to be scooped up. Imagine, near-surface copper deposits practically begging for open-pit mining. Plus, initial tests show the copper is eager to separate itself from the rest of the rock, making extraction super-efficient. This project has all the makings of a massive copper mining operation, just waiting to unleash its potential! Of course, there's more digging (literally) to be done to confirm everything, but things are looking very shiny for Storm.

Reference:
STORM MINERAL RESOURCE ESTIMATION AND CLASSIFICATION (FINANCIAL REPORT FOR THE HALF YEAR ENDED 31 DECEMBER 2023, Page 6)
The maiden JORC compliant Indicated and Inferred Mineral Resource Estimation (MRE) for Storm was completed by international geological consulting company APEX Geoscience Ltd. The Storm MRE includes data from 50 Reverse Circulation (RC) and 53 diamond drill holes, 52% of which were completed during the 2023 field season. Four high-grade, indicated and inferred, copper-silver deposits have been defined which include the Cyclone Deposit (4100N Zone), Chinook Deposit (2750N Zone), Corona Deposit (2200N Zone) and Cirrus Deposit (3750N Zone) (Figure 1). The copper-silver mineralisation within the Storm Deposits is sediment-hosted and outcropping or located near-surface. The Deposits are defined as flat-lying, stratabound and laterally extensive (Cyclone and Corona), and breccia/fault hosted and sub-vertical/steeply dipping (Chinook and Cirrus). All of the mineralisation defined within the MRE is classified as fresh sulphide, and is chalcocite dominant. The Deposits remain open in every direction and will require further drilling to determine the full extent of the high-grade copper mineralisation. The Company has initiated mining and processing studies which are a critical step in the preparation of future mine permitting applications. The initial studies suggest that due to the shallow nature and favourable geometry of the Storm copper mineralisation, the Deposits may potentially be mined with traditional open-pit methods. The ongoing metallurgical studies by American West have confirmed the amenability of ores to a range of low-cost ore-sorting and beneficiation process methods with excellent recoveries of copper. All mining and metallurgical studies are preliminary in nature and not considered to be ‘Scoping Level,’ with test and further study work still underway. Figures 2 to 6 below are based on the assumptions used in the MRE; they are conceptual in nature and subject to further mining studies which are required to confirm the potential for a mining operation at Storm. The shallow nature, favourable geometry and high copper grades of the Storm deposits have set the foundation for what the company believes will be a large scale, open-pit copper mining camp in the Storm area.

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It’s been a great opportunity to load up at an incredibly humble valuation!

AW1 Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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Last 15.5¢		Change 0.005(3.33%)		Mkt cap ! $80.24M

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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No.	Vol.	Price($)
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Last 15.0¢		Change 0.005 ( 0.54 %)
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Last updated 15.51pm 03/05/2024 ?

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