American West Metals (ASX:AW1) reported drill results at the Storm Project in Canada, highlighting the exceptional potential to expand existing resources.
Key assays revealed significant high-grade copper intersections outside the current Cyclone Deposit resource envelope.
Drill hole SR24-093, situated 75m south of the current resource, intersected 53.3m at 3.9% copper, including 22.9m at 8.5% copper.
Additionally, drill hole SR24-070 intersected 45.7m at 1.9% copper, and drill hole SR24-045 intercepted 57.9m at 1% copper, both demonstrating considerable mineralisation.
Managing Director of American West Metals, Dave O'Neill, commented, "We are very pleased to provide an update on drill results for the Storm Project. The latest assays from the Cyclone deposit have delivered one of the best copper intersections at the project to date."
The company also reported that the NEAS cargo ship MV Mitiq has successfully completed its 2024 sealift operation, delivering supplies to Somerset Island for the 2025 exploration program, which is anticipated to save $4 million on the 2025 budget.
The latest results underscore the expansion potential of the Storm Project.
Additional assay results are expected in the coming weeks, further reinforcing the project's viability and growth prospects.
American West Metals is a mineral exploration company. The principal activities of the company include development of the zinc-copper-indium deposit at West Desert, Utah as well as exploration across the broader project area, expanding the high-grade discoveries at the Storm Copper and Seal Zinc Projects, Nunavut, and establishing a resource at the expansive Copper Warrior Project, Utah.
At the time of reporting, American West Metals’ share price was $0.11.