Drill planning being finalized

As announced in an interview with Goldinvest.de at PDAC 2024 in Toronto, Australian copper explorer American West Metals (WKN A3DE4Y / ASX AW1) is pressing ahead with the exploration of its huge Storm copper project in Nunavut, Canada. Before the drills start turning, the company will carry out surface electromagnetic (EM) surveys. This is more than understandable, as drilling based on this type of survey has had a 100% hit rate in the past.

As American West has now announced, the teams are already on site and are making the final preparations for carrying out the high-performance, detailed electromagnetic surveys. Initially, moving loop EM (MLEM) surveys will be conducted in the areas surrounding Storm’s known copper deposits. This will identify targets for expansion of existing resources both along strike and below the known high-grade copper mineralization. American West is initially planning on 50 line kilometres.

Plan view of the Storm area showing the planned MLEM survey areas (configured for shallow and deep exploration) and location of the known copper deposits and prospects, overlaying aerial photography
Plan view of the Storm area showing the planned MLEM survey areas (configured for shallow and deep exploration) and location of the known copper deposits and prospects, overlaying aerial photography; American West Metals

Regional targets are also examined electromagnetically

The company will then turn its attention to regional exploration with the MLEM surveys. This means that a further 40 line kilometres of exploration will be carried out on the Blizzard, Tornado and Tempest prospects.

American West has already discovered numerous strong indications of potential copper mineralization within these regional target areas. These include extensive gossans and chalcocite blocks with grades of up to 38% copper and 30% zinc. Which further clarifies how attractive the exploration targets are that we are talking about here.

According to American West, the surveys conducted by the company have excellent potential for significant insights as they allow geologists to look to greater depths. And as indicated, there is a 100% correlation between EM targets and high-grade copper sulphides when drilling historical EM anomalies at Storm!

American West Metals also announced that preparations for the start of backflush drilling at Storm are also nearing completion and that the drills will soon be turning.

Conclusion: The drill program that American West will carry out this year on the promising Storm project - where 205,000 tons of contained copper metal have already been detected - is twice as large as last year's program with a planned 20,000 meters of drilling. In our opinion, there is a good chance that the company will succeed in expanding the existing resources and proving up new deposits regionally with drilling - especially considering the connection between EM anomalies and drilling success at Storm in the past. In view of the fact that the copper price is also likely to rise significantly this year according to many experts, American West Metals could make a big leap in 2024 if drilling is successful. We are excited!

Disclaimer: GOLDINVEST Consulting GmbH publishes comments, analyses and news on https://www.goldinvest.de. These contents serve exclusively the information of the readers and do not represent any kind of call to action, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. Furthermore, they in no way replace an individual expert investment advice, it is rather promotional / journalistic publications. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. The acquisition of securities, especially with shares in the penny stock area, carries high risks, which can lead to a total loss of the invested capital. The GOLDINVEST Consulting GmbH and its authors exclude any liability for financial losses or the content guarantee for topicality, correctness, adequacy and completeness of the articles offered here expressly. Please also note our terms of use.

Pursuant to §34b WpHG (Securities Trading Act) and in accordance with Paragraph 48f (5) BörseG (Austrian Stock Exchange Act) we would like to point out that principals, partners, authors and employees of GOLDINVEST Consulting GmbH hold or may hold shares in American West Metals and therefore a possible conflict of interest exists. We also cannot exclude that other stock letters, media or research firms discuss American West Metals during the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, there is a consulting or other service contract between American West Metals and GOLDINVEST Consulting GmbH, which means that a conflict of interest exists.

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