25 August 2022
iTORONTO, ON, August 25, 2022 – Aston Bay Holdings Ltd. (TSXV: BAY) (OTCQB: ATBHF) ("Aston Bay" or the "Company”) is pleased to announce visual results from three more diamond drill holes 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.
The copper mineralization within the 2750N Zone remains open along strike and at depth
“Drilling at the 2750N Zone continues to impress the team, with thick intervals of copper mineralization near the surface in every drill hole,” stated Thomas Ullrich, CEO of Aston Bay. “This gives us confidence in the continuity of the mineralization and the exploration potential for more, in an area where we are working with our partner American West to define a shallow copper resource that can support a low cost, small footprint direct shipping product mining operation. Together with the exciting discovery of a zone of stratiform ‘sediment hosted style’ of copper mineralization announced earlier this week, this has been an outstanding drill program and a real game changer for the Storm project.”
Drill holes ST22-07 and ST22-08 have been completed at the 2750N Zone and have successfully intersected further thick zones of breccia and massive sulfides (mostly chalcocite) hosted within much broader intervals of vein and fracture style copper mineralization.
A total of 997 metres (m) of drilling has been completed to date on the shallow and high-grade 2750N Zone, with the drilling continuing to confirm the outstanding continuity and thickness of the ore system (Figure 2). The latest drill holes have failed to close off the mineralization which remains open along strike to the east and west, and at depth.
The mineralization encountered within the latest drill holes is visually similar to the previous drilling with chalcocite being the dominant mineral, and with chalcopyrite, bornite, cuprite and minor oxides being present within certain intervals.
The potential for further mineralization and extensions to the 2750N Zone is supported by strong copper anomalism in soils and rock chips along an extensive strike of the known mineralization. Massive chalcocite has been mapped in outcrop on the western margin of the 2750N Zone, with assays of rock chips up to 62% copper. The geochemical footprint defined by soil and rock chip sampling extends for over 1 kilometre (km) along the main strike of the 2750N Zone (Figure 3).
See full news release here.