Business
Aston Bay Holdings Signs Early Works Agreement with BHP Billiton Ltd.
(via Thenewswire.ca) Vancouver, Canada / TheNewswire / March 23 , 2016 - Aston Bay ...
About this update from Aston Bay Holdings Ltd.
[{"type":"text","content":"Aston Bay Holdings Signs Early Works Agreement with BHP Billiton Ltd.(via Thenewswire.ca)\n \n \nVancouver, Canada / TheNewswire / March 23, 2016 - Aston Bay Holdings Ltd. (TSX-V: BAY) (\"Aston Bay\" or the \"Company\") is pleased to announce that it has signed an Early Works Agreement, which augments the previously announced Letter of Intent with a wholly owned Canadian Subsidiary of BHP Billiton Ltd.\n\n \n \nThe Early Works Agreement advances and provides the framework for funding by BHP Billiton of certain permitting, procurement and logistics activities by Aston Bay in preparation for a Summer 2016 exploration program that includes some drilling. Negotiations with respect to a proposed Definitive Agreement are ongoing. See the Company's news release of January 28, 2016 for more information. \n\n \n \n\"This agreement provides a platform for advancing the 2016 exploration agenda in parallel to the negotiation process for the Definitive Agreement,\" said Benjamin Cox, CEO of Aston Bay. \"We are pleased to be working with BHP Billiton in the planning process.\"\n\n \n \nQualified Person\n\n \n \nThe content of this news release and the technical information that forms the basis for this disclosure has been prepared under the supervision of Michael Dufresne, M.Sc., P.Geol., who is the Qualified Person as defined by NI 43-101 and a Director of and Consultant to Aston Bay.\n\n\n \n\n\n\n \nAbout Aston Bay Holdings\n\n \n \nAston Bay Holdings Ltd. (TSX-V: BAY) is a publicly traded mineral exploration company focused on the 395,118-hectare (976,357-acre) Aston Bay Property located on northwest Somerset Island, Nunavut. The Property hosts the Storm Copper and Seal Zinc prospects, where historic drilling has confirmed the presence of sediment-hosted copper and zinc mineralization.\n\n \n \nOn behalf of the Board of Directors,\n\n\n \nBenjamin Cox, Chief Executive Officer\n\n\n \nTelephone: (360) 262-6969\n\n \n \nFor further information about Aston Bay Holdings Ltd or this news release, please visit our website at www.astonbayholdings.com.\n\n \n \nAbout BHP Billiton\n\n \n \nFurther information on BHP Billiton can be found at: bhpbilliton.com.\n\n \n \nNeither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequac...