Aston Bay and American West Metals Thick High-Grade Copper in Deep Drilling at the Storm Project, Nunavut, Canada

20 September 2024

Large copper system at depth confirmed by assays with up to 3.7% Cu

 Drilling Highlights

  • Deep diamond drilling has discovered Cyclone-style copper mineralization at depth and confirmed the prospectivity of the Central Graben area
  • Drill hole ST24-01 has intersected:
    • 10m @ 1.2% copper (“Cu”) from 311 metres (“m”) downhole, including,
      • 3m @ 2.2% Cu from 315m downhole, including,
        • 0.5m @ 3.7% Cu from 315.5m downhole
  • The drilling confirms the large lateral extent of the Storm copper system at depth and highlights the potential of the ‘Deep Copper Horizon’ to host large-scale stratigraphic hosted high-grade copper deposits
  • Assays for a second deep diamond drill hole ST24-02 – drilled approximately 1,500m south of ST24-01 and which intersected 99.2m of visual copper sulfide – are expected in the coming week

Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Laboratory assays are required to determine the presence and grade of any contained mineralization within the reported visual intersections of copper sulfides. Portable XRF is used as an aid in the determination of mineral type and abundance during the geological logging process.

 TORONTO, Ontario, September 20, 2024 – Aston Bay Holdings Ltd. (TSXV: BAY) (OTCQB: ATBHF) ("Aston Bay" or the "Company”) is pleased to provide an update on drilling activities at the Storm Copper Project (“Storm” or the “Project”) on Somerset Island, Nunavut. The exploration program is being conducted by American West Metals Limited (“American West”), who is the operator of the Project. Aston Bay and American West have formed a 20/80 unincorporated joint venture in respect of the Storm Project property, with Aston Bay maintaining a free carried interest until a decision to mine upon completion of a bankable feasibility study.

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