American West Metals (ASX:AW1) strikes high-grade copper at cyclone, expanding storm project potential

The Cyclone Deposit at American West Metals (ASX:AW1) Storm Copper Project in Nunavut, Canada, continues to impress with the discovery of further high-grade copper intersections.

A recent drilling campaign has confirmed exceptional grades, particularly outside of the existing resource envelope, a significant sign of the project’s growth potential.

The highlight of the latest results comes from drill hole SR24-093, which returned an eye-catching interval of 22.9m at 8.5% copper from a depth of 86.9m, with further assays revealing up to 27.7% copper in isolated sections.

The hole, located 75m south of the current resource, has substantially extended the Cyclone Deposit’s footprint.

The expansion potential is reinforced by additional thick and high-grade intersections, such as SR24-070, which intersected 45.7m at 1.9% copper and 9.4 g/t silver.

These results demonstrate the continuity and strength of mineralisation within the deposit, particularly on the western side, which could be ideal for a potential open-pit mining operation.

American West Metals Managing Director Dave O’Neill, reflecting on the latest results, noted, “The assays have delivered one of the best copper intersections at the project to date. The step-out drilling continues to demonstrate the resource’s potential for expansion.” He further emphasised the importance of these results for the company’s strategic growth plan.

Key Highlights:

• Drill hole SR24-093: 53.3m at 3.9% Cu, including 22.9m at 8.5% Cu and 9.1m at 14.4% Cu.
• Drill hole SR24-070: 45.7m at 1.9% Cu, including 27.4m at 3.1% Cu and 15.2m at 4.2% Cu.
• Significant savings on 2025 logistics through successful sealift operations, delivering supplies and bulk samples to support exploration and development.

The Cyclone Deposit’s potential has not only been enhanced by these stellar results but also by cost-effective operational management.

The recently completed sealift operation is expected to cut approximately $4 million from next year’s exploration budget, further strengthening the project’s economic outlook.

With the resource expansion on track, American West Metals is well-positioned to deliver more high-grade results from the upcoming 2025 drilling season, as they continue to advance the Cyclone Deposit towards a larger resource estimate and, ultimately, development.

As O’Neill stated, “The latest results and logistical progress show the project’s exciting potential. We look forward to further updates as drilling continues.”

In a competitive copper market driven by the green energy transition, the Cyclone Deposit could emerge as a key player in supplying the much-needed high-grade copper required for sustainable infrastructure development.

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