- “The first deep drill hole of the year adds another success to the 2024 exploration program at Storm,” said Aston Bay CEO.
- So far this year, the drilling program has completed a total of 128 RC drill holes and 14 diamond drill holes at Storm and Tempest, exceeding the planned target.
- Data obtained from these drill holes will be “fed back into the model,” providing additional refinement to targeting for even better copper intercepts at depth.
Accelerated drilling at the Storm Copper Project has discovered Cyclone-style copper mineralization at depth and confirmed the prospectivity of the Central Graben area, reported Aston Bay Holdings (TSX.V: BAY) (OTC: ATBHF) in its latest update regarding the project’s 2024 drilling exploration program (https://ibn.fm/rxa1a). The program has focused on expansion at the Cyclone and Chinook Prospects and delineation drilling at the Lightning Ridge discovery and Thunder Prospect.
“The first deep drill hole of the year adds another success to the 2024 exploration program at Storm,” said Aston Bay CEO Thomas Ullrich. “The style of copper mineralization intercepted, and its stratigraphic location is similar to Cyclone — this may be the fault-offset southern portion of the deposit and could add to a potential future resource.
“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 kilometers,” Ullrich continued. “Every deep drill hole has hit copper mineralization at approximately the same depth, and we continue to improve our geophysical modeling to hit thicker and higher-grade intercepts in this very large and prospective horizon.”
The drilling program is being conducted by American West Metals Limited. Aston Bay and American West are working together on the Storm Project property, having formed a 20/80 unincorporated joint venture. According to the agreement, Aston Bay maintains a free carried interest until a decision to mine upon completion of a bankable feasibility study.
So far this year, the two companies have reported a total of 128 RC drill holes and 14 diamond drill holes completed at Storm and Tempest, exceeding the planned target of 20,000 meters (https://ibn.fm/i7CTT). Drilling will continue in the coming weeks, with additional assays expected in batches.
Aston Bay noted that recent results from the Cyclone Deposit have confirmed further intersections of high-grade copper up to 13.5% Cu, both within and outside the current resource envelope, while exploration drilling targeting a moving-loop electromagnetic (“MLEM”) anomaly in the Southern Graben area has intersected strong visual copper sulfides at the end of the hole. Aston Bay has named the new discovery and area Squall and is reporting that the drill hole is being extended to confirm the full extent of the mineralization.
“The value of these deeper discoveries is not limited to the potential value of the copper alone,” Ullrich observed. “The geophysical signature of exploration success that we obtain from these drill holes will be fed back into the model to further refine our targeting for even better copper intercepts at depth.”
These are among the benefits that Aston Bay is eyeing as it focuses on exploring for high-grade critical and precious metal deposits in both Canada and the United States. The company is aggressively advancing the high-grade Storm Copper Project in Nunavut, Canada, toward development with partner American West Metals. The company is free carried for all expenditures at the project until decision to mine. Aston Bay is looking to replicate the success of Storm with its Epworth Copper Project, also located in Nunavut, where surface samples have yielded up to 61% copper with 5600 g/t silver as well as cobalt, zinc, gold. The company is also exploring the high-grade (up to 62.51 g/t Au) Buckingham Gold Vein and critical metals prospects in central Virginia.
For more information, visit AstonBayHoldings.com.
NOTE TO INVESTORS: The latest news and updates relating to ATBHF are available in the company’s newsroom at https://ibn.fm/ATBHF
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