Drill Results Routine +

Ameriwest Critical Metals Highlights the Potential of the Bornite Copper Project with the Release of Historical Drill Intercepts

Ameriwest’s Historical Drill Data Review Reinforces Incremental Progress at Bornite, But NI 43-101 Validation Remains the Critical Catalyst

By The Northwire Desk — AI Analysis Jun 03, 2026 · 09:26 AWCM · 0.39 Ameriwest Critical Metals Inc.

Executive Summary

Ameriwest Critical Metals released a review of historical drill intercepts from its 100% owned Bornite copper-gold-silver project in Oregon.
The company digitized and analyzed 48 historical drill holes (38,914.5 ft) dating from 1976 to 1990, identifying high-grade intervals including 110 ft of 10.831% CuEq and 980 ft of 1.453% CuEq.
CuEq calculations rely on aggressive metal price assumptions ($6.40/lb Cu, $4,500/oz Au, $75/oz Ag) and assumed recoveries (Cu 95%, Au 90%, Ag 95%).
The company has commenced re-logging and re-assaying of historical core stored in Reno, Nevada, using a multi-element assay approach.
Management plans to permit and execute confirmation and infill drilling to convert this historical data into a modern, NI 43-101 compliant technical framework for future resource estimation.
No current mineral resources or reserves have been delineated. The historical data predates modern reporting standards and has not been independently verified by a Qualified Person.

Material Impact

The release is a direct follow-up to the May 20 and May 26 announcements regarding core relocation, 3D modeling, and the initiation of re-logging.
The historical intercepts are expected and align with the company's stated exploration strategy. The market was already aware of the core re-logging program and the preliminary 3D model completed in April.
The news does not contain genuinely new, unexpected, or market-moving information. It is an incremental step in a multi-year exploration process.
The reliance on unverified, pre-NI 43-101 data and high metal price assumptions for CuEq calculations limits the immediate materiality. The true value driver will be the upcoming confirmation drilling program, not the historical database review.

AWCM · Price

Company Overview

Ameriwest Critical Metals Inc. is a Canadian-based exploration company transitioning from a lithium-focused explorer to a diversified critical metals portfolio.
Flagship Project: Bornite Copper Project, located ~50 miles east of Salem, Oregon. It features a vertically oriented, cigar-shaped breccia pipe approximately 450 feet in diameter, extending from the surface to ~1,000 feet depth (open at depth).
Mineralization consists of a high-grade copper shell (bornite/chalcopyrite), a lower-grade interior pipe, and sheeted veins around the periphery.
Secondary Asset: Xeno Rare Earth Project in British Columbia, recently acquired 100%, targeting yttrium and other rare earth oxides.
The company is currently in the pre-resource stage, relying on historical data from Amoco, Cypress Minerals, and Plexus Resources.

More from Ameriwest Critical Metals Inc.