Exploration Results at Tempest Prospect

American West Metals Limited (ASX:AW1) has reported exceptional copper and zinc grades at the Tempest Prospect, part of the Storm Copper Project in Canada. The geochemical sampling of surface gossan rocks at Tempest has yielded impressive results, with assays showing 38.2% Cu and 30.8% Zn. The ground electromagnetic survey has identified high priority drill targets for the upcoming 2024 field program, further enhancing the exploration potential of the area.

Executive Commentary

We are pleased to report exciting results from the exploration activities carried out this year at the Tempest Prospect. Exploration at the underexplored Tempest area was a priority of the 2023 regional exploration program due to historical sampling of copper gossans that yielded grades of more than 32% Cu. A focused mapping, sampling and electromagnetic program was carried out over the prospect with the aim of obtaining a better understanding of the extent and nature of the known copper mineralisation. The program successfully extended the prospective strike of gossans and EM anomalies to over 4km and has returned exceptional grades of both copper and zinc, with assays up to 38% Cu and 30% Zn. Follow-up exploration is planned to test these numerous EM anomalies and gossans including a larger geochemical sampling program, follow-up moving loop EM and drilling of priority targets. We look forward to reporting further news from Storm in the coming weeks as we finalize the maiden MRE for Storm, progress the beneficiation and other development studies, and prepare for the next drilling and field program in early 2024.

Summary of Exploration Results and Outlook

The exploration activities at the Tempest Prospect have unveiled exceptional copper and zinc grades, indicating a significant exploration opportunity. The ground electromagnetic survey has defined priority drill targets for the 2024 field program, highlighting the potential for further discoveries. The geological setting and the interpreted unconformity between two main geological terranes are highly prospective for base metal mineralisation. The company's forward program includes ore sorting, beneficiation, resource modelling, and environmental planning, demonstrating a comprehensive approach to project development. American West Metals aims to deliver high-multiplier returns on shareholder investment and economic benefits to all stakeholders through sustainable mining practices.