Aston Bay and American West Metals Announce Geophysical Program Set to Begin at the Storm Copper Project, Canada

26 March 2024

Geophysical program designed to deliver a pipeline of priority drill targets for new copper discoveries

TORONTO, Ontario, March 26, 2024 – Aston Bay Holdings Ltd. (TSXV: BAY) (OTCQB: ATBHF) ("Aston Bay" or the "Company”) is pleased to provide details on the upcoming geophysical surveys and exploration program at the Storm Copper Project (“Storm” or the “Project”) on Somerset Island, Nunavut. The program will be conducted by American West Metals Limited (“American West”), who is the operator of the Project.  American West has completed the required expenditures to earn an undivided 80% interest in the Project. American West will be solely responsible for funding the program.

Highlights

  • Field crew have arrived at Storm with final preparations underway for the commencement of the spring program
  • 2024 field work is scheduled to begin in the coming weeks with commencement of detailed, high-powered surface electromagnetic (EM) surveys, with Reverse Circulation (RC) drilling also planned to begin shortly
  • Moving Loop EM (MLEM) will initially be deployed around the areas of the existing Storm copper mineralization to identify targets both along strike in the near-surface (<200 metres (“m”) depth) as well as deeper predicted targets (up to 500m depth) with over 50 line-kilometres (“km”)  initially planned
  • MLEM surveys will then focus on regional exploration with over 40 line-km planned to screen the regional Blizzard, Tornado and Tempest Prospects
  • Multiple strong indicators of potential copper mineralization have already been identified at the regional targets – including extensive gossans and chalcocite boulders with grades up to 32% copper and 30% zinc – making these areas compelling exploration targets
  • Excellent potential for geophysics to deliver game-changing results both in the near-surface and at depth given the excellent correlation of EM targets with high-grade copper sulfides in previous drilling
 
“It is exciting to begin another significant exploration program at Storm,” stated Thomas Ullrich, CEO of Aston Bay. “Our partner, American West, will be conducting a large-scale EM geophysical program using a higher-powered system than has ever been used at Storm. This will allow us to see the shallow targets with more detail, as well as investigate deeper with more confidence than ever before.”

“The drills have proven the effectiveness of EM in pointing to high-grade, near-surface mineralization. Using this method to look at a much larger area and to a much greater depth could unlock significant new copper discoveries. The drill crew is set to mobilize this week, with their task to expand on the known mineralization and test the new targets generated by these surveys. Things are lining up for an exciting spring and summer season at Storm.”
 

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