ARCWEST EXPL INC - SJRNF STOCK NEWS

ArcWest Exploration Inc. (TSXV: AWX) has announced partner-funded drilling programs for two of its porphyry copper-gold-molybdenum projects in 2024. Drilling has begun at the Oweegee Dome project, funded by Sanatana Resources, located near Newmont's Brucejack gold mine. The Rip project is scheduled for drilling in late summer/fall, funded by Interra Copper. Additionally, mapping and sampling will continue at the Todd Creek project, funded by Freeport-McMoRan, to prepare for a significant drill program in 2025.

ArcWest reports a strong financial position with $2.55 million in cash, zero warrants, and low burn rate. The company anticipates $325,000 in option payments and $120,000 in operatorship fees. With a current market cap of $9 million, ArcWest presents multiple opportunities for copper-gold discoveries in 2024.

ArcWest Exploration Inc. reports positive results from the 2023 exploration program at the Todd Creek copper-gold project in British Columbia. The program, funded by Freeport-McMoRan, included a significant 3D IP survey revealing high chargeability zones and untested geophysical targets with promising gold and copper values. The company's CEO expressed optimism about the potential for multiple mineralized centers at the Todd Creek property.

ArcWest Exploration Inc. announces the results of a 3D induced polarization survey at its Teeta Creek Project, identifying a significant chargeability anomaly at depth, suggesting potential for a significant porphyry Cu-Mo-Au system. The anomaly is open-ended and remains nearly untested by drilling, presenting a compelling target for further exploration. Rock samples from the Gap zone returned assays of up to 0.53% Cu, 164 ppm Mo, 0.353 g/t Au, and 3.6 g/t Ag, indicating the potential for the discovery of a higher-grade mineralized core. ArcWest is fully permitted for drilling and is seeking potential funding partners for the project.

ArcWest Exploration Inc. (TSXV: AWX) has entered into an agreement with Interra Copper Corp. (CNSX: IMCX) to explore the Rip porphyry copper-molybdenum project in central British Columbia. Under the agreement, Interra has an option to earn up to an 80% ownership interest in the project over an 8-year period. ArcWest's 100%-owned Rip Project is located in a prolific belt of porphyry copper-molybdenum deposits, and the exploration plans for the 2024 field season include a 3D induced polarization geophysical survey to identify potential drill targets.

ArcWest Exploration Inc. (TSXV: AWX) has commenced a 3D induced polarization survey at its 100% owned Teeta Creek Project, northern Vancouver Island, British Columbia. The survey aims to delineate a stockwork porphyry copper-molybdenum-gold-silver mineralization zone. The Gap zone, hosting intense quartz-sericite-pyrite altered porphyritic intrusions, remains untested by drilling and presents potential for a higher grade mineralized potassic core. The project is part of the Late Neogene Brooks Magmatic Suite, showing promising copper occurrences and high mineralization levels.

ArcWest Exploration (TSXV: AWX) provides an update on the completion of the 2023 3-D induced polarization (IP) program on its Oweegee Porphyry Copper-Gold Project in British Columbia's Golden Triangle. The program has outlined a 1 by 2 km chargeability anomaly, providing a compelling untested drill target. The project is proximal to significant copper-gold deposits and covers a 152 square kilometer structural dome.

ArcWest Exploration Inc. enters into a letter of intent with Interra Copper Corp. to negotiate an earn-in and joint venture agreement on ArcWest's Rip porphyry copper-molybdenum project in central British Columbia. Interra has a two-stage option to earn up to an 80% ownership interest in the Rip project over an 8-year period. Initial 60% interest requires $2 million of work expenditures over 4 years and cash and share payments totaling $100,000 and 1,050,000 shares. Second Tier Earn-In requires completion of a Feasibility Study and staged cash payments totaling $1,000,000. Interra will be responsible for project financing if a production decision is made. Change of CFO effective September 30, 2023.