3 November 2022
TORONTO, Ontario, November 3, 2022 – Aston Bay Holdings Ltd. (TSXV: BAY) (OTCQB: ATBHF) ("Aston Bay" or the "Company”) today reports final assay results from the 2022 drill season, confirming significant near surface high-grade copper at the Storm Copper Project (“Storm” or the “Project”) on Somerset Island, Nunavut, Canada. 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
Diamond drilling continues to define near surface high-grade copper at Storm, more than doubling the mineralized envelope at the 2750N Zone and substantially enhancing the resource potential
New significant intersections include:
A high volume of near-surface high-grade copper at the 2750N Zone has now been confirmed with mineralization open to the west along a 1km prospective strike length
Potential to further define near-surface high-grade copper deposits, with future drilling of the 2200N and 4100N Zones where multiple intersections of massive copper sulfides have been discovered by historical drilling
Drill core samples from the 2022 program are being shipped to Perth for further beneficiation test work, to follow-up the initial test work that produced a Direct Shipping Product with a grade >53% Cu
“These drill results confirm the near-surface high grade copper mineralization at the 2750N Zone, likely doubling the volume of mineralization, once again demonstrating the enormous potential of the Storm Project,” stated Thomas Ullrich, CEO of Aston Bay. “We look forward to next season’s drill campaign, which aims to define further resources at the 2750N Zone as well at other areas of near-surface high-grade copper mineralization, such as the 2200N and 4100N Zones.
“Samples are enroute for the next phase of beneficiation test work to be conducted over the winter, with the objective of developing a definitive flowsheet for a potential direct shipping product mining operation. We are excited by the very successful efforts of our partner American West to so rapidly advance the project.”
Read the full release here.