Aston Bay Announces 41 Metres of 4.18% Copper Intersected at Storm Project, Nunavut

TORONTO, Ontario, September 1, 2022 – Aston Bay Holdings Ltd. (TSXV: BAY) (OTCQB: ATBHF) ("Aston Bay" or the "Company”) is pleased to announce the first assay results from drilling 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

• Drill hole ST22-05 from the 2750N Zone has intersected: 

o 41m* @ 4.18% Cu from 38m downhole, including;

o 15m* @ 10.05% Cu from 47m downhole, and including;

o 5m* @ 24.28% Cu from 48m downhole.

• Further assays for Storm are expected in the coming days.

“The initial assay results from the 2022 drilling program at the 2750N Zone are impressive and demonstrate the quality of the mineralized system,” stated Thomas Ullrich, CEO of Aston Bay. “The spectacular copper grades over significant thicknesses validate the historic high-grade intersections in the zone, increasing the confidence in the continuity of the mineralization in an area where we are working with our partner American West toward defining a shallow copper resource that can support a low cost, small footprint direct shipping product mining operation. In parallel with moving the 2750N Zone toward development, this program’s discovery potential demonstrated by the intersection of a zone of stratiform sediment hosted style of copper is very exciting.”