Aston Bay Holdings (TSXV:BAY) has announced significant copper discoveries at its Storm Copper Project in Nunavut. Assays have confirmed large copper systems at depth, with copper grades reaching up to 3.7%. Drilling has also confirmed the extensive lateral spread of the Storm copper system at depth, indicating the potential for the “Deep Copper Horizon” to contain large-scale, high-grade copper deposits.
Shares of Aston Bay Holdings have increased by 5.26% to C$0.10 as of 10:29 am ET. The CEO, Thomas Ulrich, highlighted the discovery potential of the deeper stratigraphic levels in the Central Graben area, emphasizing the consistent copper mineralization encountered at similar depths in all deep drill holes.
The exploration program is being conducted by American West Metals, under a joint venture with Aston Bay Holdings. The company highlighted the significance of diamond drill hole ST24-01 in testing the stratigraphy of the Central Graben and identifying new zones of copper mineralization within the “Deep Copper Horizon.”
Covering an extensive area of 219,257 hectares on Somerset Island in Nunavut, the Storm Project includes the Storm Copper Project and the Seal Zinc Deposit. Aston Bay Holdings is focused on exploring for high-grade critical and precious metal deposits in Nunavut and Virginia. As of the latest update, shares of Aston Bay Holdings (TSXV:BAY) are trading at C$0.10, reflecting a 5.26% increase.
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