Aston Bay Announces Accelerated 2023 Exploration and Resource Delineation Program at Storm Copper Project, Nunavut

24 January 2023

TORONTO, Ontario, January 24, 2023 – Aston Bay Holdings Ltd. (TSXV: BAY) (OTCQB: ATBHF) ("Aston Bay" or the "Company”) today reports plans for a proposed expansion of drilling and exploration activities at the Storm Copper Project (“Storm” or the “Project”) on Somerset Island, Nunavut, Canada. This will be the second 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.


Multi-faceted program planned for 2023 - including drilling, geophysics, and studies for a potential direct shipping product (“DSP”) mining operation

  • Extensive drilling program planned with a focus on:
    • Resource definition and expansion of the near surface, high-grade copper mineralization across several prospects
    • Exploration to follow-up the major discovery of a sediment hosted copper system identified in 2022 program
  • Reverse Circulation (RC) drill rig to join the two diamond drill rigs currently onsite
  • Surface geophysical programs are expected to commence during March at Storm and at the underexplored Blizzard, Tornado and Tempest prospect areas
  • Permitting roadmap underway for the potential direct shipping product mine development with baseline environmental survey to begin in Q2 2023

“We are excited to have our exploration partners American West Metals embark on a significantly expanded exploration program for this upcoming season,” stated Thomas Ullrich, CEO of Aston Bay.

“Surface geophysics is expected to commence in March, followed by a major drilling program. The addition of a reverse circulation drill rig will facilitate lower-cost delineation drilling at the known zones of near-surface copper mineralization, while the high-resolution geophysical surveys will generate targets for new discoveries with the diamond drill. This ambitious program, in parallel with permitting, beneficiation and baseline studies, will significantly advance the project in 2023.”

Read the full release through link below.