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Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Reports Exploration Success in Storm Project Drilling Program

  • Drill program shows defined thick new copper zones, indicating the possibility of rapid and significant expansion
  • The drilling program is being conducted by American West Metals Limited
  • RC drilling will continue in the Storm area, testing geophysical targets to expand known mineralization and test potential new zones of mineralization

Reverse circulation (“RC”) drilling that began earlier this year at Aston Bay Holdings’ (TSX.V: BAY) (OTCQB: ATBHF) Nunavut-based Storm Copper Project has already produced exciting results. The company is reporting that immediate exploration success defined thick new copper zones and indicated the possibility of rapid and significant expansion (https://ibn.fm/hKMIR).

“It is very encouraging to report early success from the 2024 exploration program at Storm,” said Aston Bay CEO Thomas Ullrich. “Drilling of Moving Loop EM geophysical anomalies is proving to be very effective at discovering copper mineralization. This provides a powerful exploration advantage. With several new anomalies still to be drilled and deep potential only now being tested by this method, we are excited for the potential for continued discovery this season at Storm.”

Preliminary geological interpretation is now complete on the first batch of drill holes from the 2024 exploration and resource expansion drilling program. The drilling program is being conducted by American West Metals Limited, which operates the project. American West has completed the required expenditures to earn an undivided 80% interest in the Storm Copper Project and will be solely responsible for funding the program.

“The 2024 reverse circulation drilling has delivered immediate success in intersecting thick new zones of copper mineralization in the drilling of geophysical targets,” the company announced. Included in the results are Drill hole SR24-02 (Cyclone North), which has intersected 36.6 meters of visual copper sulfides from 79.3 meters downhole; Drill hole SR24-03 (the Gap), which has intersected 47.2 meters of visual copper sulfide mineralization, including a 10-meter interval of very strong visual copper sulfides from 36.6 meters downhole; and Drill hole SR24-04 (also the Gap), which has intersected 30.5 meters of visual copper sulfide mineralization from 29 meters downhole.

The report noted that drilling results continue to demonstrate the strong correlation between Moving Loop Electromagnetic (“MLEM”) targets and copper mineralization, with an extensive suite of new geophysical targets prioritized for drilling in 2024. With the positive results obtained thus far, the company reported that RC drilling will continue in the Storm area, testing geophysical targets to expand known mineralization and test potential new zones of mineralization. In addition, MLEM geophysical surveys are continuing on deeper areas of interest within the immediate Storm area. The surveys will then move to the Tornado and Blizzard copper prospect areas.

Initially involving one RC drilling rig, the Storm Project drilling program now has a second rig onsite, with the planned drill program for the remainder of the year to include more than 20,000 meters in both RC and diamond drilling. The company is also preparing for a broad range of environmental monitoring and survey activities to be conducted this year. In addition, studies on beneficiation processing methods are progressing on a variety of styles of mineralization from the Cyclone and Chinook Prospects.

Aston Bay is a publicly traded mineral exploration company exploring for high-grade copper and gold deposits in the state of Virginia and in Nunavut, Canada. Aston Bay’s Storm Copper and Seal Zinc-Silver projects are comprised of 173 contiguous mining claims. The projects include an estimated 219,257 hectares on Somerset Island, Nunavut. The Storm Project comprises both the Storm Copper Project, a high-grade sediment-hosted copper discovery, and the Seal Zinc Deposit. In addition, there are numerous underexplored and undrilled targets within the 120-kilometer strike length of the mineralized trend, including the Tornado Copper prospect.

For more information, visit the company’s website at https://AstonBayHoldings.com.

NOTE TO INVESTORS: The latest news and updates relating to ATBHF are available in the company’s newsroom at https://ibn.fm/ATBHF

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