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American West Metals Limited (American West Metals or the Company) (ASX: AW1) is pleased to announce a maiden JORC 2012 compliant Mineral Resource Estimate (MRE) for it's 100% owned West Desert Project in Utah (West Desert or the Project).
Dave O'Neill, Managing Director of American West Metals also commented:
"We are thrilled to announce a very significant milestone for American West Metals with the Maiden JORC compliant resource for the West Deposit.
The MRE has exceeded our expectations in delivering resource confidence and growth. This is a fantastic outcome for the company and highlights the significant development potential of the project. The scale and quantity of the resource suggests the potential for a globally significant mining operation.
West Desert is well located for future development and has received strong support from the local and federal government. The large resources and exciting growth opportunities at West Desert demonstrate the outstanding value of the project.
The near term focus will be on expanding mineral resources followed by economic evaluation of the project. Drilling will recommence during Q2 2023."
Figure 1: Location plan of the West Desert Deposit
Mineral Resource Estimation and Classification
The maiden JORC compliant Mineral Resource Estimate (MRE) for West Desert was completed by international mining and engineering company Stantec Consulting Servcies Inc. (Stantec), with geological modelling and validation assistance by American West.
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.
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