Aston Bay and American West Metals Announce Emerging Camp-Scale Opportunity at the Storm Copper Project, Canada

11 October 2023

TORONTO, Ontario, October 11, 2023 – Aston Bay Holdings Ltd. (TSXV: BAY) (OTCQB: ATBHF) ("Aston Bay" or the "Company”) is pleased to report the latest assay results from the Storm Copper Project (“Storm” or the “Project”) on Somerset Island, Nunavut. The program was conducted by American West Metals Limited (“American West”), who is the operator of the Project. 

“Once again, Storm is delivering impressive results with high-grade, near-surface copper mineralization and confirmation of a new discovery,” stated Thomas Ullrich, CEO of Aston Bay. “The new, thick, high-grade zones at Lightning Ridge point to the discovery potential at Storm and highlight the potential for discovery to add significant volumes of potentially economic near-surface copper mineralization at Storm.

“Combined with the confirmation of copper mineralization from new drilling at the 2200N Zone, the Storm project is demonstrating the potential for a camp-scale copper discovery and mining opportunity.”

 

HIGHLIGHTS

Lightning Ridge:

  • Drill hole SR23-52 at Lightning Ridge has intersected:
    • 15.2m @ 2.3% Cu from 30.5, including,
      • 1.5m @ 4.5% Cu from 32m, and,
      • 1.5m @ 4.5% Cu from 44.2m
    • 15.2m @ 2.1% Cu from 77.7m, including,
    • 1.5m @ 7.6% Cu from 77.7m
  • The Lightning Ridge results confirm the presence of high-grade copper in a previously unexplored area between the 2200N and 2750N Zones and highlight the outstanding exploration and growth potential.
  • The prospective structures that host the high-grade copper mineralization newly discovered at the Thunder and Lightning Ridge Prospects extend laterally for more than 10km and remain largely untested by drilling.

2200N Zone:

  • Drilling during 2023 has returned assays with high-grade copper commencing close to surface, including:
    • Drill hole SR23-50 has intersected:
    • 29m @ 1.5% Cu from 4.6m, including,
      • 6.1m @ 2.9% Cu from 4.6m, and,
      • 6.1 @ 3% Cu from 25.9m
    • 3m @ 2.8% Cu from 53.3m

The successful exploration and resource definition drilling of the near-surface copper mineralization, together with regional targets within a dominant landholding of more than 2,200 sq km, underscore the camp-scale copper mining opportunity emerging at Storm.

Emerging copper camp:

The successful resource definition drilling of the near-surface copper mineralization, together with regional targets within a dominant landholding of more than 2,100 sq km, underscore the camp-scale copper discovery and mining opportunity emerging at Storm.

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