Aston Bay (TSX.V: BAY) (OTCQB: ATBHF), together with project operator American West Metals, reported new high-grade copper intercepts from ongoing exploration at the Storm Copper Project on Somerset Island, Nunavut. The companies operate the project under a 20/80 joint venture, with Aston Bay holding a free carried interest until a decision to mine. CEO Thomas Ullrich said drilling within and beyond the current resource envelope returned thick, high-grade intervals up to 27.3% copper, supporting significant expansion potential. Additional assays and permitting activities are underway as the project advances toward a resource update and pre-feasibility study in early 2026.
To view the full press release, visit https://ibn.fm/dAxON
About Aston Bay Holdings
Aston Bay is a publicly traded mineral exploration company exploring for high-grade critical and precious metal deposits in North America. The Company is exploring the Storm Copper Property and Cu-Ag-Zn-Co Epworth Property in Nunavut.
The Company and its joint venture partners, American West Metals Limited and its wholly-owned subsidiary, Tornado Metals Ltd. (collectively, “American West”), have formed a 20/80 unincorporated joint venture in respect of the Storm Project property, which hosts the Storm Copper Project and the Seal Zinc Deposit. Under the unincorporated joint venture, Aston Bay shall have a free carried interest until American West has made a decision to mine upon completion of a bankable feasibility study, meaning American West will be solely responsible for funding the joint venture until such a decision is made. After such a decision, Aston Bay will be diluted in the event it does not elect to contribute its proportionate share, and its interest in the Storm Project property will be converted into a 2% net smelter returns royalty if its interest is diluted to below 10%.
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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