Welcome to our dedicated page for Aston Bay Holdings news (Ticker: ATBHF), a resource for investors and traders seeking the latest updates and insights on Aston Bay Holdings stock.
Aston Bay Holdings Ltd. (OTCQB: ATBHF) regularly publishes detailed technical and corporate updates related to its mineral exploration activities in Nunavut, Canada. This news feed aggregates company announcements about the Storm Copper Project on Somerset Island and the Epworth Cu-Ag-Zn-Co Project in the Kitikmeot Region.
Readers can follow news on drilling results from near-surface deposits and deeper sediment-hosted copper targets at Storm, including work at the Cyclone, Chinook, Thunder, Cirrus, Corona, Gap, Tornado and other prospects. Releases describe reverse circulation and diamond drilling, intersections of copper sulphide mineralization, and the use of Mobile Magnetotellurics and electromagnetic surveys to define new conductive targets.
The news also covers regional exploration programs, such as mapping, soil and rock sampling, and the discovery of copper gossans and polymetallic showings along extensive structural trends. At Epworth, updates highlight mapping and prospecting results, MobileMT anomalies, and new copper and polymetallic showings within the Coronation Supergroup.
In addition to technical results, Aston Bay’s announcements provide information on joint venture arrangements with American West Metals, financing and offtake agreements related to Storm, government support programs, and corporate actions such as stock option grants. Investors and analysts can use this page to monitor ongoing exploration progress, project development studies and key milestones across Aston Bay’s portfolio.
Aston Bay Holdings Ltd. (ATBHF) announced the start of drilling at its Storm Copper Project on Somerset Island, Nunavut. The drilling marks the first program operated by American West Metals under an option agreement established in March 2021. Noteworthy past drill results include 110 meters at 2.45% copper from surface. The current program aims to advance toward a resource estimate and explore new high-priority EM conductors. The potential for a low-footprint direct shipping product from shallow high-grade mineralization highlights the project's promise.
Aston Bay Holdings Ltd. (OTCQB:ATBHF) announced a major diamond drilling program for its Storm Copper Project in Nunavut, commencing in July 2022. The program will focus on resource definition at the high-grade 2750N Zone, where previous drilling revealed significant copper intersections, including 110m at 2.45% Cu. Additionally, the drilling will explore new high-priority electromagnetic conductors. American West Metals, Aston Bay's exploration partner, aims to earn an 80% interest in the project. The results are expected to support a low-impact direct shipping product mining proposal.
Aston Bay Holdings has announced that American West Metals achieved a successful ore sorting test at the Storm Copper Project, yielding a direct shipping product with a remarkable 53.9% copper grade. This high-grade product is notable for its environmental sustainability and low-cost development. A diamond drilling program is set for June 2022 to define copper resources further. Aston Bay emphasizes the potential for minimal environmental impact and operational efficiency due to the simple mineralogy at the site.
Aston Bay Holdings Ltd. (OTCQB:ATBHF) announced the closing of the final tranche of its non-brokered private placement, issuing 1,005,000 units at $0.06 per unit, resulting in gross proceeds of $60,300. This issuance includes common shares and warrants exercisable at $0.12 for 24 months. The funds will be allocated for exploration on various properties in Virginia, USA. The closing is subject to TSX Venture Exchange approval, with all acquired shares under a hold period until August 9, 2022.
Aston Bay Holdings announced preliminary assay results from the Mountain Zinc-Copper Project in Virginia, revealing significant zinc mineralization. The project involved drilling 3,746 meters across 10 holes, with notable intercepts including 0.46% Zn over 11.4 m in ABM-001 and 0.58% Zn over 5.47 m in ABM-005. The results indicate a potential for larger SEDEX-style deposits, with a focus on critical minerals for the US supply chain. Further assay results are pending, and exploration efforts continue to expand the project area.
Aston Bay Holdings Ltd. (OTCQB:ATBHF) has received an extension from the TSX Venture Exchange to complete its non-brokered private placement, now due by April 8, 2022, aiming for up to $2,000,000 in gross proceeds. Each Unit is priced at $0.06 and includes a Warrant allowing the purchase of an additional share at $0.12. The first tranche raised $808,410 by issuing 13,473,500 Units. The continuation of the Offering remains contingent on Exchange approval. Aston Bay is engaged in mineral exploration in Virginia and Nunavut.
Aston Bay Holdings Ltd. (OTCQB:ATBHF) has signed exploration agreements with two private landowners, expanding its Buckingham Gold Project in Virginia by 532 acres. This extension increases the gold vein's potential strike length to over one mile. Initial stream panning revealed visible gold in 28 of 45 samples. The company is also drilling a 3,500m program at its Mountain Base Metals Project, where zinc and copper mineralization has been consistently found. Partial assay results are expected by the end of the month.
Aston Bay Holdings Ltd. (OTCQB:ATBHF) has received an extension from the TSX Venture Exchange to finalize a non-brokered private placement, with a target of raising up to $2,000,000 by March 11, 2022. The offering consists of units priced at $0.06 each, with each unit including a warrant exercisable at $0.12 over 24 months. The first tranche raised $808,410 by issuing 13,473,500 units. Completion is contingent on final Exchange approval.
Aston Bay Holdings (OTCQB:ATBHF) has announced new exploration agreements with private landowners to lease additional mineral rights near its Mountain Copper-Zinc Project in Central Virginia. The total leased area has expanded to over 2,127 acres. Encouraging drilling results have led to an extension of the diamond drill program to 3,500 metres, up from the original 1,500m. Copper and zinc mineralization has been identified in all tested holes, revealing a significant SEDEX deposit potential. Assay results are pending.
Aston Bay Holdings Ltd. (OTCQB: ATBHF) has entered into a consulting agreement with Target IR & Communications to enhance investor relations, pending TSX Venture Exchange approval. The agreement spans an initial 6-month term with a potential renewal, offering $8,000 monthly and stock options for 350,000 shares at $0.06 each. Target IR will assist in increasing the company's visibility to potential investors and managing communications. The company is currently active in mineral exploration in Virginia and Nunavut, Canada, targeting gold and base metal deposits.