- Aston Bay Holdings (TSXV:BAY) reveals high-grade copper discoveries at its Storm Copper Project in Nunavut
- Large copper systems at depth were confirmed by assays with up to 3.7 per cent copper
- Drilling confirmed the large lateral extent of the Storm copper system at depth and highlighted the potential of the “Deep Copper Horizon” to host large-scale stratigraphic hosted high-grade copper deposits
- Shares of Aston Bay Holdings are up 5.26 per cent to C$0.10 as of 10:29 am ET
Aston Bay Holdings (TSXV:BAY) reveals high-grade copper discoveries at its Storm Copper Project in Nunavut.
In a news release, the company stated that large copper systems at depth were confirmed by assays with up to 3.7 per cent copper.
Drilling confirmed the large lateral extent of the Storm copper system at depth and highlighted the potential of the “Deep Copper Horizon” to host large-scale stratigraphic hosted high-grade copper deposits.
“In addition to extensions to known mineralization, this discovery highlights the discovery potential of the deeper stratigraphic levels in the Central Graben area, an expanse of over 10 square kilometres,” Thomas Ulrich, CEO of Aston Bay Holdings, said in a statement. “Every deep drill hole has hit copper mineralization at approximately the same depth, and we continue to improve our geophysical modelling to hit thicker and higher-grade intercepts in this very large and prospective horizon.”
The company stated the exploration program is being done by American West Metals, which operates the project. The two entities have formed a 20/80 unincorporated joint venture related to the Storm Project with Aston Bay maintaining a free carried interest until a decision to mine has been made upon the completion of a bankable feasibility study.
Aston Bay highlighted diamond drill hole ST24-01, which was designed to test the stratigraphy of the Central Graben and the potential for new zones of copper mineralization within the “Deep Copper Horizon” that was discovered in 2023.
The horizon intersected by ST24-01 is the same interpreted mineralized stratigraphic horizon that is host to the Cyclone Deposit at shallow levels north of the North Graben Fault. The drill hole intersected copper mineralization at the same depth as encountered in every other widely spaced drill hole within the large Central Graben.
Spanning an area of 219,257 hectares on Somerset Island, Nunavut, the property consists of 173 contiguous mining claims. The Storm Project includes the Storm Copper Project and the Seal Zinc Deposit.
Aston Bay Holdings is a mineral exploration company exploring for high-grade critical and precious metal deposits in Nunavut and Virginia.
Shares of Aston Bay Holdings (TSXV:BAY) are up 5.26 per cent to C$0.10 as of 10:29 am ET.
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