Discovery Of New Zone At The Storm Copper Project

TORONTO - Aston Bay Holdings Ltd. announced visual results confirming the discovery of a new zone of stratiform sulfide copper mineralization at the Storm Copper Project on Somerset Island, Nunavut. This is the maiden drilling program for American West Metals Limited, who are the project operator, since entering an option agreement with Aston Bay in March 2021. Exploration drill hole ST22-10 has intersected over 68 meters (m) of stratiform copper sulfide mineralization from 277m downhole. The discovery is associated with a 800m x 300m electromagnetic (EM) plate, with six other similar large EM plates yet to be tested. This new style of mineralization at Storm is evidence of a major copper system at depth with significant copper endowment upside.

“On top of outstanding copper intersections already encountered in drilling at the 2750N Zone earlier this season, we are extremely excited to intersect a new large zone of stratiform copper sulfide mineralization as predicted by our geologic model,” said Thomas Ullrich, CEO. “Drilling at this new zone targeted one of seven large new EM anomalies that were delineated in last year’s geophysical program. These anomalies are spatially associated with known high-grade copper mineralization at the surface, as well as with faults that likely served as the plumbing system for the mineralizing fluids. The discovery of copper mineralization at depth supports our model for a major copper system below the high-grade near-surface mineralization. Six other large anomalies in the Storm area remain untested. We view this to be a significant copper discovery.”