- Aston Bay Holdings Ltd. intends to begin an aggressive exploration program at its Storm Copper Project
- The Toronto-based zinc stock will begin a field program in March 2024 focused on resource expansion/definition and exploration
- An extensive 22,000-metre reverse circulation and diamond drill program will focus on exploration for new high-grade copper zones along strike and below the existing prospects and copper discoveries
- Aston Bay Holdings last traded at $0.10 per share
Aston Bay Holdings Ltd. (TSXV:BAY) intends to begin an aggressive exploration program at its Storm Copper Project.
The Toronto-based zinc stock will begin a field program in March focused on resource expansion/definition and exploration.
An extensive 22,000-metre reverse circulation and diamond drill program will focus on:
- Testing the extensions of the mineralized zones at the project (National Instrument 43-101 maiden resource anticipated to be released in March-April)
- Resource definition of the known high-grade copper (Cu) discoveries at the Thunder (48.6 metres at 3.0 per cent (Cu)), Lightning Ridge (30.4 metres at 2.2 per cent Cu) and The Gap zones (1.5 metres at 4.4 per cent Cu and 2 metres at 2.5 per cent Cu) at Storm
- Exploration for new high-grade copper zones along strike and below the existing prospects and copper discoveries
- Exploration along the prospective 100-kilometre-long copper belt including the Blizzard, Tornado and Tempest prospects
High-resolution surface electromagnetic surveys are planned at the underexplored Blizzard, Tornado and Tempest Prospect areas, while environmental, mining and metallurgical studies continue.
In addition to the potential expansion of the Cyclone Zone, three immediate opportunities have been defined for the expansion and addition of new zones of mineralization at Storm, including the Thunder and Lightning Ridge, Cyclone North, and The Gap prospects.
Plan view of the Storm Project showing drilling, overlaying Fixed Loop Electromagnetic (FLEM) imagery (Late time conductivity – Channel 16. Hotter colours indicate higher conductivity). Source: Aston Bay Holdings Ltd.
Located on Somerset Island, Nunavut, the property consists of 173 contiguous mining claims covering 2,192 square km.
The program will be conducted by American West Metals Ltd. (OTCQB:AWMLF) which is the operator of the project. American West will be solely responsible for funding the program.
“Partner American West is fully financed and currently coordinating mobilization in order to conduct the 2024 resource expansion and exploration program,” Aston Bay’s CEO, Thomas Ullrich said in a news release. “Geophysics and 22,000 metres of planned drilling will focus on expanding the known areas of near-surface high-grade copper mineralization at several prospects at Storm, as well as continuing to explore for new targets at depth and along strike over the almost 100-km prospective trend for sediment-hosted copper mineralization.”
Aston Bay Holdings Ltd. is a Canadian mineral exploration company exploring high-grade copper and gold deposits in Virginia and Nunavut.
Aston Bay Holdings ended the day up 5 per cent and last traded at $0.10 per share, up 233.33 per cent since last year.
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