Aston Bay Announces Additional Shallow Copper Mineralization Intersected At Storm Project, Nunavut

8 August 2022

TORONTO, ON, August 8, 2022 – Aston Bay Holdings Ltd. (TSXV: BAY) (OTCQB: ATBHF) ("Aston Bay" or the "Company”) is pleased to announce the excellent visual results confirming the presence of shallow copper mineralization in another four diamond drill holes completed at the Company’s high-grade Storm Copper Project (“Storm” or the “Project”) on Somerset Island, Nunavut. This is the maiden drilling program for American West Metals Limited (“American West”), who are the project operator, since entering an option agreement with Aston Bay in March 2021.

Highlights

  • Four additional diamond drill holes completed at the high-grade Storm Copper Project; a total of six diamond drill holes have been completed to date (see news release dated July 25, 2022);
  • All intersections of copper sulfides are within 100 metres (m) from surface, indicating a significant volume of shallow mineralization;
  • The breadth and intensity of mineralization evidenced in the current Storm drilling campaign have consistently been representative of previous historical drill holes, which yielded 110m* @ 2.45% copper (Cu) from surface (drill hole ST97-08), and 56.3m* @ 3.07% Cu from 12.2m (drill hole ST99-19);
  • Latest drill holes have intersected wide intervals of visual copper mineralization, including:
    • ST22-03 has intersected 74.6m* of mineralization, including 15.13m* of breccia and massive copper sulfides over multiple intervals;
    • ST22-04 has intersected 43.7m* of mineralization including 24.5m* of breccia and massive copper sulfides over multiple intervals;
    • ST22-05 has intersected 65m* of mineralization including 25.2m* of breccia and massive copper sulfides over multiple intervals; and
    • ST22-06 has intersected 59m* of mineralization including 15m* of breccia and massive copper sulfides over multiple intervals.

See full release here.

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