FAQ on Aston Bay Holdings Ltd.'s New Copper Intercepts and Progress at Storm Project
Summary
Aston Bay Holdings Ltd. reports new near-surface copper intercepts at the Storm Copper Project, indicating potential resource expansion, with final geophysical survey results expected soon to guide further exploration.
What has Aston Bay Holdings Ltd. reported regarding the Storm Copper Project?
Aston Bay Holdings Ltd. has reported new near-surface copper intercepts from recent RC drilling at the Storm Copper Project, with several intersections lying outside the current conceptual pit walls, indicating potential to expand the mineral resource.
Where is the Storm Copper Project located?
The Storm Copper Project is located on Somerset Island, Nunavut.
Who is Aston Bay Holdings Ltd. in joint venture with for the Storm Project?
Aston Bay Holdings Ltd. is in joint venture with American West Metals Limited and its wholly-owned subsidiary, Tornado Metals Ltd. for the Storm Project.
What is the significance of the new copper intercepts?
The new copper intercepts are significant because they lie outside the current conceptual pit walls, suggesting the potential to expand the mineral resource at the Storm Copper Project.
What is the Deep Cirrus target and what was found there?
The Deep Cirrus target is a drilling target at the Storm Copper Project where copper sulphide mineralization and favorable stratigraphy were intersected.
When are the final results from the MobileMT geophysical survey expected?
The final results from the MobileMT geophysical survey are expected soon, which will guide further exploration at depth.
What is Aston Bay Holdings Ltd.’s interest in the Storm Project property under the joint venture?
Under the joint venture, Aston Bay Holdings Ltd. has a free carried interest until American West makes a decision to mine upon completion of a bankable feasibility study, after which Aston Bay’s interest could be converted into a 2% net smelter returns royalty if diluted below 10%.
How can investors stay updated on Aston Bay Holdings Ltd.?
Investors can stay updated on Aston Bay Holdings Ltd. by visiting the company’s newsroom at https://ibn.fm/ATBHF.
What other properties is Aston Bay Holdings Ltd. exploring?
Aston Bay Holdings Ltd. is also exploring the Cu-Ag-Zn-Co Epworth Property in Nunavut.
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