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Aston Bay Announces Drilling and Exploration Set to Commence at Storm Copper Project, Nunavut
TORONTO, ON / ACCESSWIRE / March 30, 2023 / Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF) ("As...
About this update from Aston Bay Holdings Ltd.
[{"type":"text","content":"Aston Bay Announces Drilling and Exploration Set to Commence at Storm Copper Project, NunavutTORONTO, ON / ACCESSWIRE / March 30, 2023 / Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF) (\"Aston Bay\" or the \"Company\") reports that drilling and geophysical activities are set to commence at the beginning of April at the Storm Copper Project (\"Storm\" or the \"Project\") on Somerset Island, Nunavut, Canada. This will be the second drilling program for American West Metals Limited (\"American West\"), who are the project operator, since entering an option agreement with Aston Bay in March 2021.HighlightsUp to 10,000m of Reverse Circulation (RC) and Diamond drilling planned for the 2023 field seasonRC drilling of near-surface high-grade copper targets is scheduled to commence shortly at the 4100N Zone focused on resource definitionHistorical drilling at the 4100N Zone has intersected large volumes of high-grade copper including:15m* @ 3.88% Cu from 72.4m (ST99-47)27.2m* @ 1.9% Cu from 78.8m (ST00-62)5.8m* @ 3.6% Cu from 38.6m (ST99-53)Resource drilling at the 2750N and 2200N Zones will follow the 4100N program and is designed to target extensive, previously identified high-grade copper mineralizationMoving Loop Electromagnetics (MLEM) will be completed to assist targeting for the resource definition drilling and identify new targetsDiamond drilling and ground gravity survey planned to follow up the major 2022 discovery of stratabound sedimentary copper sulphides at depth\"We are excited to have our exploration partners American West Metals embark on this significant exploration program this season,\" stated Thomas Ullrich, CEO of Aston Bay.\"The initial phase of drilling will utilize an RC drill rig to assist in defining maiden resources within the 4100N, 2750N and 2200N Zones, where near-surface high-grade copper mineralization has been demonstrated in historic core drilling. The RC rig will allow for rapid and cost-effective drilling, and we are pleased to see this type of drilling used for the first time at Storm. We believe the drilling will confirm a significant copper resource with the potential to support a low-cost, ore sorting operation at Storm.\"The surface geophysical work will be used to refine drill targeting for both the resource definition and core diamond drilling for discovery in new areas. We are very excited to...