Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSXV:BAY - Post Discussion

Aston Bay Holdings Ltd > Yes ! lots of copper sulfides

View:

Post by knoxt on May 21, 2024 8:14am

Yes ! lots of copper sulfides

TORONTO, Ontario, May 21, 2024 – Aston Bay Holdings Ltd. (TSXV: BAY) (OTCQB: ATBHF) ("Aston Bay" or the "Company”) is pleased to present an update and initial visual results from drilling activities currently underway at the Storm Copper Project (“Storm” or the “Project”) on Somerset Island, Nunavut. The program is being 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

The 2024 Reverse Circulation (RC) drilling has delivered immediate success in intersecting thick new zones of copper mineralization in the drilling of geophysical targets, including:
- Drill hole SR24-02 (Cyclone North) has intersected:
  - 36.6m of visual copper sulfides from 79.3m downhole
Drill hole SR24-03 (The Gap) has intersected:
- 47.2m of visual copper sulfide mineralization including a 10m interval of very strong visual copper sulfides from 36.6m downhole
Drill hole SR24-04 (The Gap) has intersected:
- 30.5m of visual copper sulfide mineralization from 29m downhole
The visual copper sulfide mineralization intersected in SR24-03 and SR24-04 is similar in appearance to high-grade copper mineralization in the 2023 discovery hole at the nearby Thunder Prospect which returned 48.6m @ 3% Cu (ST23-03)
SR24-03 and SR24-04 are located midway along 4km of prospective structures between the Cirrus Prospect and the high-grade Thunder Prospect – the structures are largely untested by drilling and are a high-priority target area for additional potential copper mineralization
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
Samples for the first batch of drilling are at the laboratory with assay results expected in the coming weeks
Phase 1 of the MLEM surveys have been completed in the Storm area with the deep search phase (>250m depth) of the program now underway
Drilling by the track-mounted RC rig continues 24/7

It is very encouraging to report early success from the 2024 exploration program at Storm,” stated Thomas Ullrich, CEO of Aston Bay. “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.”