How will American West Metals expand resources at the Storm Copper Project?

$AW1 How will American West Metals expand resources at the Storm Copper Project?

Unlocking the Potential of the Storm Copper Project: A Comprehensive Exploration Strategy

American West Metals Limited (AW1) is set to undertake an ambitious exploration program at the Storm Copper Project in Nunavut, Canada. With a planned commencement in March 2024, the company aims to expand its maiden Mineral Resource Estimate (MRE) and explore new high-grade copper zones. The program includes approximately 22,000 meters of reverse circulation (RC) and diamond drilling, focusing on resource expansion, definition, and the exploration of new prospects within a promising 100km copper belt. Supported by a recent $10M funding boost, the project is poised for significant development, leveraging high-resolution surface electromagnetic surveys and targeted drilling at key prospects like Blizzard, Tornado, and Tempest.

Immediate Resource Expansion

The Storm Copper Project, under the guidance of American West Metals, has outlined an extensive drilling campaign targeting the expansion of its initial 17.5Mt at 1.2% Cu and 3.4g/t Ag resource. This ambitious ... effort seeks to further delineate high-grade copper discoveries made in 2023, including notable finds at Thunder, Lightning Ridge, and Cyclone North. The project's substantial copper inventory is expected to grow significantly, driven by the exploration of both known deposits and emergent large-scale sedimentary copper systems. The integration of recent geophysical data, including a reevaluation of Induced Polarisation (IP) results, has unveiled new targets promising for copper mineralization, particularly around the Cyclone Deposit and across the prospective copper horizon.

Exploration Program Highlights

The 2024 exploration initiative is designed to unveil the vast potential of the Storm Copper Project's sediment-hosted copper mineral system. With plans to investigate below the established deposits and into the Blizzard, Tornado, and Tempest prospects, the program is a comprehensive approach to understanding the area's geological wealth. The exploration strategy includes a blend of surface geophysics and RC and diamond drilling, allocating around 10,000 meters specifically for exploratory objectives. This phase aims to validate the project's larger-scale mineralization potential, focusing on areas with significant outcropping copper and geophysical anomalies indicative of extensive copper mineralization.

Prospects for Growth: Blizzard and Tornado

The exploration program gives particular attention to the Blizzard and Tornado prospects, situated east of the Storm deposits. These areas, characterized by their geological congruence with Storm, host numerous copper occurrences that align with geophysical anomalies. The Tornado Prospect, with its notable geochemical copper anomaly, and the Blizzard Prospect, defined by a significant VTEM conductance zone, are key targets for follow-up exploration. These prospects are enhanced by strong gravity anomalies that mirror features identified at Storm, suggesting the potential for discovering additional copper resources along this fertile belt.

American West Metals Limited's 2024 exploration program at the Storm Copper Project represents a strategic and focused effort to unlock the vast potential of this northern Canadian copper belt. Through targeted drilling and advanced geophysical surveys, the company is poised to significantly expand its copper resources while exploring new fronts within the project area. This comprehensive exploration approach not only aims to build upon the project's existing copper inventory but also to explore the broader geological potential that the region offers. As the project advances, stakeholders and the wider mining community eagerly anticipate updates, hopeful for the discovery of new copper-rich zones that could further solidify the Storm Copper Project's significance on the global stage.

1 Like