- Aston Bay Holdings Ltd. (TSXV:BAY) provided an update on results from drilling activities at its Storm Copper Project
- The Toronto-based miner stated that the 2024 reverse circulation drilling had delivered immediate success in intersecting thick new zones of copper mineralization in the drilling of geophysical targets
- Drilling results continue to demonstrate the strong correlation between moving loop electromagnetic targets and copper mineralization, with new targets prioritized for drilling in 2024
- Aston Bay Holdings opened trading at $0.14 per share, up 366.67 per cent since last year
Aston Bay Holdings Ltd. (TSXV:BAY) provided an update on results from drilling activities at its Storm Copper Project.
The Toronto-based miner stated that the 2024 reverse circulation (RC) drilling had delivered immediate success in intersecting thick new zones of copper mineralization in the drilling of geophysical targets.
Highlights:
- Drill hole SR24-02 (Cyclone North) intersected 36.6 metres of visual copper sulfides from 79.3 metres downhole
- Drill hole SR24-03 (The Gap) intersected: 47.2 metres of visual copper sulfide mineralization including a 10 metre interval of very strong visual copper sulfides from 36.6 metres downhole
- Drill hole SR24-04 (The Gap) intersected 30.5 metres of visual copper sulfide mineralization from 29 metres downhole
- Drilling results continue to demonstrate the strong correlation between moving loop electromagnetic targets and copper mineralization, with new targets prioritized for drilling in 2024
- Samples for the first batch were sent to a lab with assay results expected soon
2024 resource and exploration drill hole results:
|
Hole ID |
Prospect |
Easting |
Northing |
Depth (m) |
Azi |
Inclination |
Cu Sulfide Interval (m) |
|
SR24-01 |
Expl. |
465403 |
8174839 |
251.5 |
180 |
-75 |
Minor |
|
SR24-02 |
Cyclone |
465497 |
8174396 |
140.2 |
180 |
-70 |
36.6 |
|
SR24-03 |
The Gap |
464015 |
8173152 |
149.4 |
170 |
-45 |
47.2 |
|
SR24-04 |
The Gap |
463975 |
8173143 |
199.6 |
130 |
-60 |
30.5 |
Moving loop geophysical surveys are continuing into deeper areas of interest within the area. The surveys will then move to the Tornado and Blizzard copper prospect areas.
The second RC drilling rig is onsite preparing to drill in the next few weeks. The planned drill program for the rest of the year includes more than 20,000 metres in RC and diamond drilling.
“It is very encouraging to report early success from the 2024 exploration program at Storm,” Aston Bay’s CEO, Thomas Ullrich stated in a news release. “Drilling of Moving Loop EM geophysical anomalies is proving to be very effective at discovering copper mineralization. This provides a powerful exploration advantage. With several new anomalies still to be drilled and deep potential only now being tested by this method, we are excited for the potential for continued discovery this season at Storm.”
Australian clean energy mining company American West Metals Ltd. (OTCQB:AWMLF) is the operator of the project and is solely responsible for funding the program
Located on Somerset Island, Nunavut, the property consists of 173 contiguous mining claims covering 2,192 square kilometres.
Aston Bay Holdings Ltd. is a Canadian mineral exploration company exploring high-grade copper and gold deposits in Virginia and Nunavut.
Aston Bay Holdings Ltd. (TSXV:BAY) opened trading at $0.14 per share, up 366.67 per cent since last year.
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