American West Metals Limited announced the results of the recent gravity survey that was completed over the West Desert Project in Utah. The gravity survey was the first of its type completed over the West Desert Project area and was designed to image the known deposit ­ a large historical and foreign resource (Ni 43-101 compliant) of over 59Mt, including a high-grade core of approximately 16.5Mt @ 6.3% Zn, 0.3% Cu and 33g/t In ­ and porphyry system, and identify new focus areas for exploration. Significantly, the West Desert Deposit presents as a distinct gravity anomaly in the data, with multiple other similar anomalies ­ in areas with little to no drilling ­ also recorded in the survey data.

High-Resolution Gravity Survey: The gravity survey was the first of its type at the Project and was designed to test the response of the existing mineralisation of the West Desert Deposit, and to screen the nearmine area for similar features. The survey included a total of 1,537 gravity stations, with the station spacing of the immediate deposit area at 100m, and the great Fish Springs area with 400m spacings. Given the high and often variable relief over the project area, topographic surveying was performed simultaneously with gravity data acquisition, and terrain corrections were applied on the data.

A small portion of the stations could not be collected along the steeper slopes. The survey is interpreted to have successfully detected the CRD dominant and lower skarn portion of the West Desert Deposit. This part of the orebody is largely stratiform and contains massive lenses of coarse-grained sphalerite, chalcopyrite and pyrite/pyrrhotite within ferromagnesium skarns and replacement bodies hosted within carbonates and shale.

Strong Results Pave Way For Expansion Of Known Mineralisattion: The gravity data has highlighted multiple anomalies within a 6km long East-West corridor that appear identical to the West Desert feature. These anomalies are located in compelling geological locations, including an offset to the known orebody, and along the contacts of the porphyry where similar deposits could be expected to form. Importantly, a number of these anomalies are situated in areas where historical drilling has intersected zinc-copper-lead-silver rich mineralisation.

Outside of the immediate deposit area, a significantly large and strong gravity anomaly was identified in the northern part of the project area (Figure 1), and partly within newly staked land. The anomaly is located at the very northern end of the Fish Springs Range, in a semi-circular topographical low, where the range slopes off onto the Great Salt Lake. Technical Discussion: The gravity survey and data interpretation represents a significant increase in the understanding of the West Desert area and greater Fish Springs mineral district.

Given the high contrast in densities between magnetite skarn and/or massive sulphide associated mineralisation and the host porphyry and sedimentary rocks (limestone/dolomite/shale), this technique was anticipated to be an effective targeting tool. This is in contrast to the historical magnetic data which is interpreted to have only imaged the magnetite rich skarns and alteration. The geophysical interpretation suggests that the gravity data has effectively mapped the porphyry system and main structural architecture of the project area.

What is interpreted to represent the main quartz-monzonite intrusive body, appears as a distinct gravity low in the data (blue in Figure 2), and this feature appears to be a focal point of a major East-West structural corridor that is perpendicular to the main North-South geological trend. The East-West structural trend matches the orientation of the West Desert orebody and the gravity data suggests that the CRD dominant portion of the ore body may have extended for at least a kilometre to the east of West Desert in its original state. The anomalies appear to be offset which may be a function of the presence of multiple individual zones of mineralisation, or the result of dislocation by multiple North-South oriented faults (common in the general area).

Importantly, the Galena and Utah historical mines (both within the West Desert Project area and with 20,303 tonnes of ore mined from 1890 to 1953) are located immediately above two of these anomalies. Historical drill hole CC-43 was completed below the Utah mine workings and intersected a number of high-grade zones below the lowermost mine level, including 3m @ 3.5% Cu, 7.65% Zn and 28g/t Ag, indicating that mineralization may continue at depth. Sparse exploration drilling to the immediate north of the West Desert Deposit has intersected weak skarn mineralisation with a number of discrete zinc-lead-sliver zones in drill holes CC-30 and CC-32.

These drill holes appear to clip the edge of the gravity anomaly in this location and therefore may be on the edge of much stronger and broader zones of skarn development. The prominent anomaly in the northern part of the project area is an order of magnitude stronger and large than other anomalies in the project area and may represent an uplifted block of more dense material (potential mafic rocks), though this is not obvious in the well exposed surface geology. There has been no historical drilling at this location.

Soil and rock sampling is planned to be completed over the area soon. Drilling to Commence: The Project team is currently onsite, in preparation for the commencement of drilling this week. Phase 1 of the program will consist of approximately 7,500m of drilling and will focus on confirming the continuity of the high-grade mineralisation (zinc and copper) at the West Desert Deposit, as well as progressing oxide/transitional metallurgical test work.

The drilling results from this program (in conjunction with historical drilling) will be used to support the estimation of a JORC compliant resource for the West Desert Deposit. Phase 2 of the exploration drill program will focus on testing the high priority targets defined by the recent gravity and historical geophysical surveys and is expected to commence in March/April 2022 depending on drill rig availability.