Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (168094)	1/29/2024 4:25:03 AM
From: Goose94	Read Replies (2) \| Respond to of 202059

Aston Bay Holdings (BAY-V) and Partner American West Metals @olok877 According to American West Metals Limited's 2023 Annual Report (September 29, 2023): American West Metals Annual Report 2023 Our achievements this year have made American West Metals one of the most exciting new growth stories in the global mining sector. These recent achievements include establishing the Storm Copper Project as a high-grade copper project of global significance and strengthening the Company’s balance sheet through institutional investment. We are clearly onto a major discovery at Storm. Resource and extension drilling of the near-surface high-grade copper zones has confirmed significant continuity of the mineralisation. We have also created further value through the drill bit with two new near-surface discoveries which undoubtedly will add many more tonnes to the potential near-surface high-grade resource. Preliminary studies to assess the potential for an open-pit mining operation have been extremely encouraging with a direct shipping ore grading more than 50% Cu produced. We believe the near-surface copper deposits at Storm are evolving into a very significant copper development opportunity with potential for a robust low-cost, high-margin operation. As good as the near-surface copper is, it could be outshined by the discovery of a laterally extensive sediment-hosted copper system below the near-surface copper. This is the ‘holy grail’ that previous explorers at Storm like BHP and Antofagasta were looking for. It is a credit to our technical team – led by Dave O’Neill – and our partners at Aston Bay Holdings, that American West Metals has been able to deliver this breakthrough discovery in its first full drill season at Storm. We have not yet assessed the potential resource size of the sediment-hosted copper but with prospective gravity anomalies extending for more than 10km and copper gossans identified up to 40km from the Storm discoveries, we believe the potential for a truly world-class copper endowment is outstanding. The next year and beyond presents us with an exciting opportunity to not only develop a mining operation at Storm but also to test the full potential of the multi-kilometre copper prospects at our large regional-scale landholding. We believe we have the right elements in place to continue our momentum into 2024. We are looking forward to the year ahead with the entire American West Metals team committed to continue delivering value to shareholders. ceo.ca