Aston Bay and American West Metals Announce Exploration Program at the Storm Copper Project, Canada

26 February 2024

Drilling to focus on immediate resource growth and testing of large-scale copper exploration targets

Toronto, Ontario, February 26, 2024 - Aston Bay Holdings Ltd. (TSXV: BAY) (OTCQB: ATBHF) ("Aston Bay" or the "Company”) is pleased to report the details of an aggressive exploration program set to commence at the Storm Copper Project (“Storm” or the “Project”) on Somerset Island, Nunavut. The program will be conducted by American West Metals Limited (“American West”), who is the operator of the Project.  American West will be solely responsible for funding the program.

Highlights

  • Field program will commence in March 2024 focused on resource expansion/definition and exploration
  • Extensive 22,000 metres (m) reverse circulation (RC) and diamond drilling program planned with a focus on:
    • Testing the extensions of the mineralized zones at Storm (National Instrument 43-101 maiden resource anticipated to be released in March-April, 2024)
    • Resource definition of the known high-grade copper (Cu) discoveries at the Thunder (48.6m @ 3.0% copper (Cu)), Lightning Ridge (30.4m @ 2.2% Cu) and The Gap zones (1.5m @ 4.4% Cu and 2m @ 2.5% Cu) at Storm
    • Exploration for new high-grade copper zones along strike and below the existing prospects and copper discoveries
    • Exploration along the prospective >100 kilometre (km) long copper belt including the Blizzard, Tornado and Tempest prospects
  • High-resolution surface electromagnetic (EM) surveys are planned at the underexplored Blizzard, Tornado and Tempest Prospect areas
  • Permitting roadmap continuing with environmental, mining and metallurgical studies underway

“We are excited about this significant exploration program at Storm,” stated Thomas Ullrich, CEO of Aston Bay. “Our partner American West is fully financed and currently coordinating mobilization in order to conduct the 2024 resource expansion and exploration program. Geophysics and 22,000m of planned drilling will focus on expanding the known areas of near-surface high-grade copper mineralization at several prospects at Storm, as well as continuing to explore for new targets at depth and along strike over the almost 100-kilometre prospective trend for sediment-hosted copper mineralization.”

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