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Aston Bay Reports New High Priority EM Targets at the High-Grade Storm Copper Project, Nunavut
TORONTO, ON / ACCESSWIRE / December 13, 2021 / Aston Bay Holdings Ltd. (TSX-V:BAY)(OTCQB:ATB...
About this update from Aston Bay Holdings Ltd.
[{"type":"text","content":"Aston Bay Reports New High Priority EM Targets at the High-Grade Storm Copper Project, NunavutTORONTO, ON / ACCESSWIRE / December 13, 2021 / Aston Bay Holdings Ltd. (TSX-V:BAY)(OTCQB:ATBHF) (\"Aston Bay\" or the \"Company\") is pleased to report the preliminary results of the recent ground electromagnetic (EM) geophysical surveys at the Company's high-grade Storm Copper Project on Somerset Island, Nunavut. The surveys identified numerous conductive anomalies throughout the Storm Copper area including multiple discrete conductors previously untested by drilling.HighlightsNumerous shallow conductors identified coincident with drill confirmed high-grade copper mineralizationSeven new untested shallow conductors of interest identifiedSeven new broad, untested deeper conductors of interest also identifiedThe survey confirms the growth potential of the Storm high-grade copper systemThe 2021 EM surveys, commissioned by Aston Bay's partner American West Metals Limited (\"American West\"), targeted extensions along strike and at depth of known mineralization, and followed up on previous geophysical anomalies. The surveys were completed in August 2021 to enhance existing targets and identify new potential drill targets ahead of the proposed 2022 drilling campaign. Previous EM surveys have successfully identified several strong conductive anomalies that are associated with known copper mineralization in the Storm Project area, including a large conductive anomaly associated with the high-grade 4100N Zone (intercepts include 67.6 m @ 1.33% Cu from 43.4 m in hole ST99-47).The 2021 EM surveys confirmed the correlation between elevated conductivity and high-grade copper mineralization at the main Storm Copper showings, producing numerous shallow conductors coincident with drill confirmed mineralization. Known high-grade copper mineralization at Storm is hosted in gently dipping Paleozoic carbonate rocks, along and adjacent to the northern and southern margins of a west-northwest to east-northeast trending, ~1 km wide, fault-bounded valley or graben. Inversion and plate modelling of the EM data also defined multiple prospective conductors associated with the Storm graben within areas previously untested by drilling.Thomas Ullrich, CEO of Aston Bay commented, \"The initial results of the 2021 geophysical surveys demonstrate the efficacy of groun...