Sep 27, 2024, 7:00 AM
Sep 27, 2024, 7:00 AM

Aston Bay intersects 22.9m @ 8.5% Cu at Storm Project, Nunavut

Highlights
  • Recent drilling at the Storm Copper Project has revealed high-grade copper mineralization, with drill hole SR24-093 intersecting 53.3 meters of copper, including 22.9 meters at 8.5% copper.
  • A successful sealift operation has delivered supplies for the 2025 exploration program, expected to save $4 million in costs.
  • The positive drilling results and logistical improvements indicate strong potential for resource expansion and development in the Storm Copper Project.
Story

Aston Bay Holdings has reported significant drilling results from the Storm Copper Project located on Somerset Island, Nunavut, Canada. The recent drilling program, conducted by American West Metals, has confirmed the presence of high-grade copper mineralization outside the previously known areas. Notably, drill hole SR24-093 intersected 53.3 meters of copper mineralization, including a remarkable 22.9 meters at 8.5% copper. This indicates a promising potential for resource expansion in the Cyclone Deposit area. The 2024 exploration program has been bolstered by a successful sealift operation, which delivered essential supplies for upcoming drilling and resource expansion efforts. This operation is expected to save approximately $4 million in the project’s budget. The logistics chain for potential mining operations has been demonstrated, with bulk samples of copper transported offsite, showcasing the feasibility of direct shipping products. The Storm Copper Project is part of a joint venture with American West, which has been actively exploring the area since 2021. The project encompasses 173 mining claims covering over 219,000 hectares. Previous drilling efforts have yielded impressive results, including high-grade copper intercepts, further enhancing the project's attractiveness for future development. Overall, the recent drilling results and logistical advancements signify a positive outlook for Aston Bay and its partners as they continue to explore and develop the Storm Copper Project, aiming to capitalize on the growing demand for copper and other critical metals.

Opinions

You've reached the end