AW1 11.5% 14.5¢ american west metals limited

AW1 Media, page-44

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    AW1 Shareholders Gear Upfor Exciting Exploration Season at Storm Copper Project

    AW1 announces a significant exploration program at thehighly prospective Storm Copper Project in Nunavut, Canada. Building on thesuccess of 2023's high-grade discoveries, including the impressive Thunderprospect, this year's program aims to:

    • Expand known high-grade copper zones: Drilling will focus on expanding near-surface copper mineralization at several Storm prospects, including Thunder.
    • Discover new targets: Geophysics surveys will pave the way for the discovery of new copper deposits across the project's extensive 100-kilometer strike length.

    Drilling to Commence Shortly:

    • Mobilization is underway, with geophysics surveys set to begin in the coming weeks.
    • Exploration Camp getting setup, with drilling expected to commence within the next 3-4 weeks.

    Thunder Prospect Holds Immense Potential:

    • Initial drill hole at Thunder intersected 48 metres at approximately 3% copper, including a high-grade zone of 20 metres at 6.2% copper.
    • This year's program will expand on this discovery, targeting further high-grade zones.

    Favorable Host Rock and Metallurgy Enhance ProjectViability:

    • The copper mineralization occurs in veins and breccia within Dolomite, a self-buffering rock that simplifies ore beneficiation and reduces environmental concerns.
    • This combination of high-grade copper, favorable host rock, and simple metallurgy paves the way for a potentially fast-tracked path to production.

    Strong Financial Backing:

    • A recent $10 million capital raise, combined with existing funds (~$4 million), ensures adequate resources to execute the exploration program.

    AW1 Management Remains Bullish:

    • The company remains confident in the Storm Copper Project's potential and is committed to maximizing shareholder value. Dave remains “long and bullish”

    Stay Tuned for Exciting Updates:

    • Shareholders can expect regular updates as the exploration program gets underway, with the potential for significant news in the coming weeks.
    • A comprehensive exploration program positions AW1 for a breakout year at the Storm Copper Project. With high-grade targets like Thunder in focus and a supportive financing strategy, AW1 shareholders have much to look forward to in the coming months.


    Displayed at PDAC - Thunder core – only one drill hole – more to come this drill season.

    https://hotcopper.com.au/data/attachments/6035/6035349-50f40cabe9ec9ea276c7595cccd3d345.jpg

    https://hotcopper.com.au/data/attachments/6035/6035350-952e747be22cdf5f83fe8792870e3c89.jpg

 
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