American West Metals Limited announced an update on results from the Induced Polarisation (IP) survey completed at the Copper Warrior Project in Utah (Copper Warrior or the Project). TIER 1 COPPER DISTRICT: The Copper Warrior Project covers an area of outcropping Dakota and Lower Burro Canyon sandstone with widespread occurrences of disseminated and fracture controlled copper mineralisation. Surface exposures in the project area look very similar to those at the Big Indian Copper Mine that abuts Copper Warrior and the Lisbon Valley Copper Mine located 15km to the south.

Copper mineralisation at the Lisbon Valley Mine is found in both the Dakota and Lower Burro Canyon sandstone beds, with mineralisation in the Lower Burrro Canyon unit making up about 80% of the reserves and geological resource (>40Mt at 0.46% Cu for over 180,000t of copper). All of the Big Indian resources were hosted within the Lower Burro Canyon unit. The copper mineralisation at Copper Warrior is comprised of disseminated chalcocite within the sandstone units, and chalcocite, azurite and malachite where the mineralisation is outcropping.

Vein-style and higher-grade mineralisation is common in the project area close to the Lisbon Valley Fault, which is the main source of copper bearing fluids. Ip Survey Highlights Exceptional Drill Targets: The IP survey completed by American West Metals was the first of its type at the Project. The survey was designed to test the response of the known mineralised units at the Big Indian Mine that extend into the Copper Warrior project area, and to screen the remainder of the project area for similar features.

A total of 11 dipole-dipole lines at 100m array spacings were completed over the prospective stratigraphy for a total of 251 stations. The results from the survey were recently reprocessed and interpreted in 3D to provide inversion data and better depth constraints for drill targeting. The survey has identified a series of coincident chargeable and conductive anomalies that are located in compelling geological locations.

The 3D inversion work has revealed two distinct chargeable layers that are interpreted to represent both the Dakota and Lower Burro Units. Given the fairly resistive nature of the host sandstone units, the interpretations suggest that the chargeable features may be related to the presence of disseminated and vein-style copper sulphide mineralisation within these target horizons. Forward Program: A maiden drilling program has been designed to test the high-prioirty IP anomalies and other stratigraphic targets.

Permitting is currently underway with an aim to have project access toward the end of the year. The drilling program will consist of 15to 20 reverse circulation (RC) drill holes for approximately 3,000m, with a maximum drill depth of approximately 150 to 200m.