American West Metals

Quarterly Activities Report for the Period Ended September 2022

American West Metals Limited (American West Metals or the Company) (ASX: AW1) is pleased to report on its Quarterly activities for the period ending 30 September 2022. During the September 2022 quarter, the Company’s focus was on the maiden diamond drilling program at the Storm Copper Project, and advancing key activities at the West Desert and Copper Warrior Projects.

West Desert Project, Utah

 
  • Exceptional zinc, copper and molybdenum results were confirmed by laboratory assays for drill holes WD22-01C, WD22-04, WD22-05 and WD22-19 – including:6.34m @ 10.71% Zn, 4.3g/t Ag, 53.94/t In from 561.87m in WD22-05, including:
    • 3.44m @ 14.06% Zn, 0.14% Cu, 6.2g/t Ag, 59.13g/t In from 564.77m
  • 17.22m @ 1.04% Cu, 0.58g/t Au, 12.46g/t In from 325.21m in WD22-05
  • 417.55m @ 0.019% Mo, 2.49g/t Ag from 360.87 in WD22-01C, including,
    • 42.37m @ 0.5% Cu, 0.13g/t Au, 12.88g/t Ag, 5.23g/t In from 398.35m, including;
    • 4.12m @ 3.4% Cu, 0.74g/t Au, 91.22g/t Ag, 17.06g/t from 421.21m
  • 194.14m @ 0.05% Mo, 2g/t Ag, 7.29g/t In from 557.76 in WD22-04, including,
    • 19.66m @ 0.2% Mo, 0.03g/t Au, 5.87g/t Ag, 1.41g/t In from 713.5m
  • Exploration drill hole WD22-19 has discovered potential extensions to the high-grade zinc and copper mineralisation 250m to the west of the existing deposit – including:
    • 4.58m @ 5.21% Zn, 0.46% Cu, 0.6g/t Au, 18.68g/t Ag, 88.05g/t In from 455.65m in WD22-19, including,
      • 0.92m @ 20.42% Zn, 0.76% Cu, 1.04g/t Au, 33.13g/t Ag, 54.47g/t In from 459.31m
  • Metallurgical test work results on the oxide and sulphide ores at West Desert show excellent recoveries of zinc and copper, and support the continued study for a combined open pit and underground development opportunity at West Desert
  • A JORC compliant Mineral Resource Estimation for the West Desert Deposit commenced incorporating the results from the latest drilling and metallurgical programs
 

Storm and Seal Projects, Canada

  • American West’s inaugural diamond drill program was successfully completed during the September quarter
  • Outstanding near-surface copper intersections confirmed by the first batch of laboratory assays received for the 2022 drill program – including:
    • 41m @ 4.18% Cu from 38m downhole in ST22-05, including;
      • 15m @ 10.05% Cu from 47m downhole, and including;
      • 5m @ 24.28% Cu from 48m downhole
    • 57m @ 2.5% Cu from 8m downhole in ST22-02, including;
      • 1m @ 21.9% Cu from 14m downhole, and;
      • 8m @ 7.86% Cu from 29m downhole, including;
        • 3m @ 12.12% Cu from 34m downhole, and;
      • 2m @ 10.24% Cu from 48m downhole
  • Exploration drill hole ST22-10 has discovered evidence of a major sedimentary copper system at depth below the near-surface high-grade copper mineralisation

Copper Warrior Project, Utah

  • Processing and 3D inversion work has continued on the project wide Induced Polarization (IP) survey data
  • The permitting process for the maiden Reverse Circulation drilling program has commenced

Corporate

  • Mr Dan Lougher will join the board of American West as a Non-Executive Director from 9 November 2022 and Non-Executive Chairman from 1 February 2023
  • The Company raised approximately $2.7 million during the quarter to progress its advanced copper and zinc projects
  • American West has successfully listed on the OTCQB Venture Exchange in the US and trades under code AWMLF

Click here for the full ASX Release

This article includes content from American West Metals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

AW1:AU
The Conversation (0)
American West Metals

23.8Moz of Indium and 119koz of Gold in Updated JORC Mineral Resource for West Desert, USA

American West Metals Ltd (American West or the Company) (ASX: AW1 | OTCQB: AWMLF) ) is pleased to provide a significant update to the JORC 2012 compliant Mineral Resource Estimate (MRE) for it’s 100% owned West Desert Project in Utah (West Desert or the Project) with the release of our maiden indium resource for West Desert.

Keep reading...Show less
Aston Bay and American West Metals Confirm High Grade Copper and Zinc Mineralization at the Tempest Prospect, Storm Copper Project, Canada

Aston Bay and American West Metals Confirm High Grade Copper and Zinc Mineralization at the Tempest Prospect, Storm Copper Project, Canada

 
  • Up to 38.2% Cu and 30.8% Zn in assays for select grab sampling of surface gossan rocks at the underexplored Tempest Prospect
  •  
  • Prospective gossans have been mapped for more than 4km at Tempest, which is located 40km south of the Storm Copper targets drilled in 2023
  •  
  • A ground electromagnetic (EM) survey at Tempest has defined a series of EM anomalies that coincide with the high-grade copper and zinc gossans, providing high-priority drill targets for the 2024 field program
  •  
  • Magnetic data indicates that Tempest may be located on a major structural unconformity - a geological setting that is highly prospective for base metals
  •  
  • The impressive results at Tempest further highlight the large-scale regional potential within the Project area
  •  

Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF) ("Aston Bay" or the "Company") reports the assay results from reconnaissance sampling and new geophysical surveys from the Tempest Prospect ("Tempest"), located within the Storm Copper Project ("Storm" or the "Project") on Somerset Island, Nunavut. The program was conducted by American West Metals Limited ("American West"), who is the operator of the Project

 

"It is encouraging to confirm copper and zinc mineralization from surface samples at Tempest, as this opens a new area for further exploration at Storm," stated Thomas Ullrich, CEO of Aston Bay.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
American West Metals

Assay Results Confirm Outstanding Growth Potential Of West Desert

American West Metals Limited (American West Metals or the Company) (ASX: AW1) is pleased to announce significant assay results from exploration drilling at the West Desert Project in Utah (West Desert or the Project).
Keep reading...Show less
American West Metals

Further Strong Assay Results Highlight The Resource Growth Potential of The West Desert Deposit

American West Metals Limited (American West or the Company) (ASX: AW1), a low-footprint, North American- focused base metals explorer, is pleased to announce further strong assay results from the diamond drill program at the West Desert Project in Utah (West Desert or the Project).

Keep reading...Show less
Empire Metals

Empire Metals Limited Announces Team Expansion & Bulk Met Testing Commences

Empire Metals Limited (LON:EEE), the AIM-quoted and OTCQB-traded resource exploration and development company, is pleased to announce several strategic technical appointments and partnerships that strengthen the in-house project development team and support the advancement of the Pitfield Titanium Project ("Pitfield" or the "Project") in Western Australia.

These appointments coincide with the commencement of bulk-scale metallurgical testing, a critical step in progressing Pitfield toward commercial development.

Keep reading...Show less
Cracked globe labeled "Tariffs" and "Sanctions" on a wooden surface.

Global Outcry Mounts Over Trump’s Tariff Blitz Ahead of Deadline

President Donald Trump’s surprise announcement of 30 percent tariffs on imports from the EU and Mexico has triggered immediate backlash from various stakeholders, with less than three weeks to go before the tariffs take effect on August 1.

The tariffs—part of a broader series of trade penalties that include duties on copper and new levies on Canada, Japan, South Korea, and Brazil—have drawn sharp criticism from some of the country's closest allies and trading partners.

Keep reading...Show less
Lobo Tiggre, copper bars.

Lobo Tiggre: Copper's Trump Tariffs — Plus Gold Price, Uranium Opportunity

Lobo Tiggre, CEO of IndependentSpeculator.com, discusses the recent news that the US plans to put a 50 percent tariff on copper imports.

He also weighs in on gold, silver and platinum price drivers, as well as uranium stocks.

Keep reading...Show less
Metal pipes and bars obstructed by yellow "tariffs" tape with US flags.

Copper Soars to All-time High as Trump Unveils 50 Percent Tariff on Imports

US President Donald Trump said Tuesday (July 8) that he plans to impose a 50 percent tariff on all copper imports, a dramatic escalation of his administration’s use of targeted trade restrictions on national security grounds.

“I believe the tariff on copper, we're going to make 50 percent,” Trump said during a White House cabinet meeting.

Though he did not provide a timeline, Commerce Secretary Howard Lutnick said in a subsequent CNBC interview that the tariff could take effect by late July or as early as August 1, with details to be posted on Trump’s Truth Social account.

Keep reading...Show less
Empire Metals

Empire Metals Limited Announces Completion of MRE Drilling Campaign

Completion of Major Drilling Campaign Targeting Maiden Mineral Resource Estimate

Empire Metals Limited, the AIM-quoted and OTCQB-traded exploration and development company, is pleased to announce the successful completion of its largest drilling campaign to date at the Pitfield Project in Western Australia ('Pitfield' or the 'Project'). This programme focussed on high-grade titanium mineralisation within the in-situ weathered cap at the Thomas Prospect and is designed to underpin the Company's maiden JORC compliant Mineral Resource Estimate ('MRE').

Highlights

Keep reading...Show less

Latest Press Releases

Related News

×