Aston Bay Holdings Stock Price, News & Analysis

Aston Bay Holdings and American West Metals announced significant copper assays and a new copper discovery at the Storm Project in Nunavut, Canada. Key highlights include:

• Completed 128 RC drill holes and 14 diamond drill holes totaling over 20,000m in 2024.
• Exceptional assays from Cyclone Deposit:
• SR24-057: 1.5m @ 13.5% Cu, 23g/t Ag from 54.9m; 3.1m @ 2.0% Cu, 8.0g/t Ag from 85.3m.
• SR24-035: 3.1m @ 3.9% Cu, 10.5g/t Ag from 57.9m; 4.6m @ 1.4% Cu, 5.0g/t Ag from 71.6m.
• SR24-031: 27.4m @ 1.1% Cu, 3.5g/t Ag from 96m; 4.6m @ 3.1% Cu, 7.7g/t Ag from 109.7m.
• New discovery 'Squall' identified through MLEM survey with strong visual copper sulfides at 181.4m downhole.
• Exploration drilling and MLEM surveys continue in the Tornado and Blizzard areas, targeting additional copper deposits.

These results affirm the high potential for expanding copper resources at Storm, supporting Aston Bay's strategic growth.

Aston Bay Holdings (TSXV:BAY)(OTCQB:ATBHF) has initiated a property-wide 8,105 line-km helicopter-borne MobileMT electromagnetic geophysical survey at the Epworth Project in Nunavut, Canada. The survey aims to identify copper exploration targets and delineate structures. The company has also expanded its claims by 11,900 hectares, bringing the total to 89,000 ha (890 km2).

A prospecting, sampling, and mapping program has been completed, with nearly 400 grab rock samples and 44 lake sediment samples collected for assay. The company is encouraged by preliminary results and has staked additional claims. The MobileMT survey utilizes natural lightning strikes to detect subsurface anomalies and has proven effective in similar mineralization elsewhere.

Aston Bay is eager to compile new and historical data to assist in targeting for anticipated drilling next year. The company believes the geophysical survey results will improve understanding of the geological environment and help develop targets for further work in 2025.

Aston Bay Holdings and American West Metals have announced significant progress in their copper exploration at the Storm Project in Nunavut, Canada. Key highlights include:

1. Two deep diamond drill holes (ST24-01 and ST24-02) intersected substantial visual copper mineralization, with ST24-01 showing 21.3m and ST24-02 showing 99.2m of visual copper sulfides.

2. A deep search Moving Loop Electromagnetic (MLEM) survey identified a large 1,300m x 500m anomaly at depth below the Cirrus Deposit and The Gap Prospect.

3. The drilling confirms the lateral extent of the Storm copper system at depth, now intersected over 10 square kilometres, suggesting potential for large-scale copper deposits similar to those in the Central African Copperbelt.

4. Ongoing drilling and EM surveys continue to target high-priority areas for further exploration.

Aston Bay Holdings and American West Metals announce positive assay results from their ongoing drilling program at the Storm Copper Project in Nunavut, Canada. The program has completed 100 RC drill holes and 13 diamond drill holes totaling over 15,500 meters. Key highlights include:

- Cyclone Deposit: Drill hole SR24-11 intersected 19.8m @ 1.2% Cu, including 4.6m @ 3.0% Cu. Drill hole SR24-21 intersected 13.7m @ 2.1% Cu, including 7.6m @ 3.2% Cu.

- Chinook Deposit: Drill hole SR24-10 intersected 3.1m @ 1.3% Cu and 1.5m @ 2.4% Cu.

The results confirm high-grade, near-surface copper mineralization and potential for resource expansion. Drilling continues with RC rigs at Storm and Tempest Prospect, while diamond drilling targets deeper copper horizons.

Aston Bay Holdings and American West Metals have confirmed the potential for Direct Shipping Products (DSPs) at the Storm Copper Project in Nunavut, Canada. Metallurgical studies on the Cyclone and Chinook Deposits have successfully generated commercial-grade DSPs using a two-circuit process of ore sorting and Inline Pressure Jig (IPJ). Key results include:

- Cyclone Deposit: 16-22% Cu concentrate, 58-62% copper metal to DSP
- Chinook Deposit: 16-22% Cu concentrate, 64-71% copper metal to DSP

The process offers a small environmental footprint without the need for conventional flotation plants. Ongoing drilling aims to inform a maiden mineral resource estimate for Storm, expected in Q4 2024. The project demonstrates potential for a high-grade open pit copper opportunity with excellent ESG qualities.

Aston Bay Holdings (TSXV:BAY)(OTCQB:ATBHF) has announced the granting of stock options to key personnel. The company has issued options to acquire 2,300,000 common shares to officers, directors, employees, and consultants. These incentive stock options come with an exercise price of $0.105 per share and have a five-year term. The vesting schedule is structured as follows: one-third vests immediately upon grant, with the remaining two-thirds vesting equally on the first and second anniversaries of the grant date.

Aston Bay Holdings and American West Metals announced the expansion of high-grade copper zones at the Storm Project in Nunavut, Canada. The 2024 summer drilling program has completed over 8,300 meters in 66 drill holes, with visual results from 22 additional holes and assays expected soon.

Thunder Prospect: Confirmed thick zones of visual copper mineralization in all step-out drill holes, extending the strike to over 300m. Significant intersections include 73.2m and 121.2m of continuous visual copper sulfides.

Cyclone Prospect: New intersections outside the known mineralization zone, indicating potential for resource growth. Noteworthy drill results include 53.4m and 80.7m of continuous visual copper mineralization.

The visual results highlight the strong potential for resource definition and expansion at both prospects, though lab assays are required to confirm mineral grades and concentrations.

Aston Bay Holdings and American West Metals have confirmed new thick copper intercepts at the Storm Copper Project. The 2024 summer drilling program has accelerated, with over 4,450 meters drilled across 30 RC holes. Diamond drilling has also started.

Recent drilling at Cyclone and Chinook aims to expand known resources, while Lightning Ridge exploration has confirmed significant copper sulfide mineralization. Drill holes at Cyclone show a robust, continuous copper deposit with potential for resource delineation. Visual results from 16 drill holes indicate a 100% hit rate for copper sulfides. Assays for remaining holes are pending.

At Lightning Ridge, drill holes SR24-014 and SR24-016 show up to 30.5m and 21.3m of visual copper sulfide mineralization, respectively. Cyclone drilling has intersected thick intervals of semi-massive sulfides, supporting significant growth potential. Further exploration at Thunder and Chinook is ongoing.

The drilling program aims to complete 20,000 meters this season, with significant potential for new discoveries in the underexplored Central Graben area.

Aston Bay and American West Metals have identified a new high-grade copper zone at their Storm Copper Project in Canada. Drill hole SR24-03 at The Gap prospect revealed 20m at 2.3% Cu, including 3m at 7% Cu. A 20,000m summer drilling program targets resource definition and expansion at Thunder, Cyclone, and Chinook Prospects, as well as new EM anomalies. Initial drilling confirms strong EM-copper correlations, highlighting significant discovery potential. The program also includes bulk sampling for prefeasibility studies and logistical preparations for the 2025 season. CEO Thomas Ullrich emphasizes the promising early results and the efficiency of new drilling equipment.