Strong Copper, Zinc, Molybdenum and Indium Assay Results from West Desert

American West Metals Limited (American West or the Company) (ASX: AW1) is pleased to announce the assay results from the first diamond drill hole completed by the Company at the West Desert Project in Utah (West Desert or the Project).

• Wide intercepts of high-grade mineralisation have been confirmed by assay results for the first diamond drill hole WD22-01 completed by American West at the West Desert Project
• Assays confirm the exceptional quality and significant volume of the mineralisation at the West Desert Deposit
• New intersections of copper and molybdenum outside of the current resource highlight the exploration upside of the large and under-explored mineral system
• Multiple high-grade copper intervals have been defined including;
  • 21.95m @ 1% Cu, 0.33g/t Au, 6.9g/t Ag, 28g/t In, 0.03% Mo from 306.31m, including;
  • 2.45m @ 3.5% Cu, 0.85g/t Au, 38.83g/t Ag, 81.6g/t In, 0.14% Mo from 308.14m, and;
  • 2.13m @ 3.15% Cu, 1.44g/t Au, 5.58g/t Ag, 56.64g/t In, 0.04% Mo from 314.08m
• Multiple high-grade zinc intervals have also been defined, including;
  • 32m @ 4.43% Zn, 0.27% Cu, 0.1g/t Au, 7.59g/t Ag, 24.23g/t In from 150.56m, including;
  • 6.4m @ 11.42% Zn, 0.53% Cu, 0.26g/t Au, 14.66g/t Ag, 48.23g/t In from 150.56m, and;
  • 5.18m @ 8.66% Zn, 0.54% Cu, 0.17g/t Au, 16.05g/t Ag, 60.57g/t In from 162.15m
• 21.18m @ 4.25% Zn, 0.13% Cu, 0.06g/t Au, 2.88g/t Ag, 49.34g/t In from 196.13m, including;
  • 6.4m @ 7.64% Zn, 0.25% Cu, 0.13g/t Au, 6g/t Ag, 72.26g/t In from 196.13m
• Outstanding high-grade intervals of molybdenum intersected, including;
  • 21.5m @ 0.6% Mo, 23.4g/t Ag from 758.46m, including;
  • 3.35m @ 1.2% Mo, 48.8g/t Ag, 1.1% Zn from 759.83, and;
  • 7.31m @ 1.1% Mo, 31.7g/t Ag from 768.67m, including;
  • 3.05m @ 2.3% Mo, 70.9g/t Ag from 768.67m

Drill hole WD22-01 was designed to test the upper continuation of high-grade mineralisation in a key section of the historical West Desert deposit.

The drill hole has intersected multiple lenses of high-grade copper and zinc mineralisation within broader halos of lower grade mineralisation. Significantly, a number of these high-grade zones lie outside of the current resource on this drill section.

The drilling has also highlighted the exploration potential of the porphyry system with exceptional molybdenum mineralisation encountered at depth.

Dave O’Neill, Managing Director of American West Metals commented:

“We are extremely pleased to be able to report the drilling results for AW1’s first diamond drill hole at West Desert.

“WD22-01 has intersected multiple zones of high-grade copper, zinc and molybdenum mineralisation, and confirms the exceptional quality of the mineralisation at the West Desert Deposit as well as its outstanding growth potential. High grades of indium and silver are also present in these wide intersections, supporting the high value of the West Desert mineralisation.

“The assays confirm the initial visual observations, which is hugely exciting given the strong and continuous mineralisation encountered in the latest drill holes completed by American West and for which assays are pending.

“Overall we see thick intervals of copper and zinc within the Main Zone and Deep Zone, with encouraging new mineralisation identified outside of the current resource model.

“The assays have also highlighted an outstanding interval of high-grade molybdenum immediately adjacent to the West Desert Deposit. This interval is two to three times higher in grade than typical molybdenum ores, is largely unexplored and further highlights the huge upside potential of the regional scale mineral system.

“The assay results from the current drill program will be used for American West’s maiden JORC compliant resource estimation for West Desert. With zinc and indium listed as critical metals by the US Government, and prices for the metals in West Desert’s commodity suite at multi-year highs, the development potential of West Desert is a stand-out for investors looking for emerging opportunities.

“Diamond drilling is continuing at the West Desert Project and investors can look forward to further news flow in the coming weeks and beyond as we continue receiving assay results.”

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