American West Metals (ASX:AW1) shares escalated to a record high of AS$0.33, seeing an uplift of as much as 13.8% on the news of further copper discoveries in Canada.

The company announced two new discoveries at its Storm Copper project in Canada, bringing to light a new near-surface zone of mineralisation and a deeper sediment-hosted copper system in an under-explored area of the site.

American West Metals also reported ongoing diamond drilling on high-priority copper targets in the area.

More than 23.9 million shares were traded in light of the news, a substantial increase compared to the 30-day share-trade average, which stands at approximately 9.4 million.

At last close, the company’s stock value noted an impressive increment of 169.8% Year-to-Date.

American West Metals is a well-established company in the metals and mining industry, specialising in exploration and development of high-value metals.