High-grade copper assays continue at Storm with outstanding intervals at Chinook

17 October 2024

TORONTO, Ontario, October 17, 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”), the Project operator. Aston Bay and American West have formed a 20/80 unincorporated joint venture with respect to the Storm Project property, with Aston Bay maintaining a free carried interest until a decision to mine is made upon completion of a bankable feasibility study.
 
Thomas Ullrich, Chief Executive Officer of Aston Bay, commented:
“Storm continues to deliver impressive results from the delineation drilling program conducted by our partners American West. Long intercepts of high-grade copper mineralization from the surface bode well for potential development at the project. We look forward to more drill results in the coming weeks as we work toward calculating the maiden resource for Storm.”

Chinook Deposit delineation drilling:

  • Drilling at the Chinook Deposit has intersected thick, high-grade, near-surface copper intervals (interpreted as close to true width), including:
  • Drill hole SR24-068:
    • 42.7m @ 3.1% Cu, 4.0 g/t Ag from the surface, including,
      • 1.5m @ 7.1% Cu, 60 g/t Ag from 25.9m downhole
         
  • Drill hole SR24-080:
  • 35.1m @ 2.7% Cu, 5.8 g/t Ag from 22.9m downhole, including,
    • 9.2m @ 7.3% Cu, 15.3 g/t Ag from 27.4m downhole, and,
    • 3.1m @ 3.9% Cu, 5.5 g/t Ag from 38.1m downhole
       
  • 29m @ 2.6% Cu, 4.3 g/t Ag from the surface, including,
    • 3.1m @ 11.1% Cu, 1.5 g/t Ag from 1.5m downhole, and,
    • 4.6m @ 4.8% Cu, 5.7 g/t Ag from 21.6m downhole
  • Drill hole SR24-081:

Cyclone Deposit delineation drilling:

  • Drilling around and within the Cyclone Deposit continues to intersect thick, high-grade copper intervals (interpreted as close to true width), including:
  • Drill hole SR24-117 has intersected:
    • 16.8m @ 1% Cu, 4.0 g/t Ag from 15.2m downhole, and
    • 33.5m @ 1.5% Cu, 8.5 g/t Ag from 35.1m downhole, including,
      • 3.1m @ 6.9% Cu, 23.0 g/t Ag from 54.9m downhole
  •  Assays for the remaining Cyclone drill holes are expected in the next 2-4 weeks

 

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