Aston Bay Holdings Ltd V.BAY

Alternate Symbol(s): ATBHF

Metals & Mining Industrial Metals & Minerals

Aston Bay Holdings Ltd. is a Canada-based mineral exploration company exploring high-grade copper and gold deposits in Virginia, United States, and Nunavut, Canada. The Company is exploring the high-grade Buckingham Gold Vein in central Virginia and is in advanced stages of negotiations on other lands with high-grade copper potential in the area. The Company is focused on its Blue Ridge Project in Virginia. The Nunavut Property is 100% owned by the Company and located 112 kilometers (km) south of the community of Resolute Bay, Nunavut on western Somerset Island. The Storm Copper Project is located on Somerset Island, Nunavut, approximately 20 km from tidewater at the Company. Its Seal Zinc deposit is located at the base of a small peninsula approximately 350 meters from tidewater at its on Somerset Island, Nunavut. Its Mountain Base Metals Project is located on 2,072 acres of private land with direct access to both highway and rail transportation.

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Aston Bay Holdings Ltd > Copper Gossan

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Comment by schocoron Aug 16, 2022 11:27am

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Post# 34899445

RE:RE:RE:RE:RE:Copper Gossan

Just a point of calrification on your statement that aston will need to raise $7-8m to fund their 10% of the stake that AWM has already done:

The cost of exploration at storm thorugh the end of this year is estimated at $8M; aston 10% share of this woudl be $800k....so far.

The other option is that they dont raise any money...ever...for storm. This will result in aston getting a carried 2% net smelter royalty on the prospect per their agreement with AWS.

Its a nice option to have in ones pocket (10% or 2%) on a prospect like this.

Question: How many copper mines operate worldwide north of 60 like this one would? Ever wonder why?

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Exploration company provides project portfolio update