Saturday, May 10, 2025

Aston Bay Holdings Sees American West Metals Fall 21% After Assay Results At Storm Copper Project

Aston Bay Holdings (TSXV: BAY) is expected to experience a rough session on Tuesday following the release of assay results from recent drilling conducted by American West Metals, the operator of the firms Storm Copper Project in Nunavut.

American West revealed on Monday the results of two drill holes conducted on the property, with highlights including:

  • SM23-02: 2.2% copper over 46.0 metres from 64 metres depth, including 4.2% copper over 15.6 metres in zone 4100N
  • SR23-21: 1.5% copper over 27.4 metres from surface, including 4.0% copper over 7.6 metres in zone 2750N
  • SR23-21: 1.3% copper over 27.4 metres from 30.5 metres, including 2.15% copper over 9.1 metres in zone 2750N

The company meanwhile revealed that drill hole SR23-52 intersected 19 metres of “strong visual copper sulphide mineralization in two zones,” which has resulted in a new discovery in an underexplored area. Over 10 kilometres of prospective structures meanwhile are said to have been identified in the immediate area, with further assays from the summer drill program slated to be released over the coming weeks.

READ: Aston Bay Reports 18.5 Metres Of Visual Copper Sulfide In Fourth Hole At Storm Copper Project

Following the results, American West’s equity declined by over 21% in Monday trading, falling 6.5 cents to close at $0.235 per share. It has since recovered a half penny during Tuesday’s session.

The decline notably follows a month wherein the company gained 50% in value.

As for Aston Bay, whom will have a 20% interest in the Storm Copper Project once the earn-in is completed by American West, the company jumped by over 35% in Friday’s session on volume of over 6.89 million.

Aston Bay also had a successful month of August on the market, gaining over 462% as a result of excitement from drill core photos posted by the company in relation to the current drill campaign.

Notably, those results were for holes ST23-01, ST23-02, ST23-03, and ST23-04, the results of which have yet to be released by American West, however they were conducted nearby to the zones drill tested in today’s results.


Information for this briefing was found via Sedar and the sources mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

First Majestic Posts Record Cash Flows In Q1 As Production Costs Fall

Brazil Potash Secures Funding In Support Of US$2.5 Billion Autozales Project

Related News

Aston Bay Uses Excitement At Storm Copper Project To Raise Funds For Virginia Assets

Aston Bay Holdings (TSXV: BAY) is looking to turn investor interest at its optioned out...

Wednesday, September 6, 2023, 08:50:00 AM

Aston Bay Reports 266.3 Million Indicated Pounds Of Copper In Initial Resource Estimate

Aston Bay Holdings (TSXV: BAY) has released an initial mineral resource estimate for its Storm...

Monday, March 3, 2025, 08:06:20 AM

Aston Bay Identifies Copper In Surface Samples At Tempest Prospect

Aston Bay Holdings (TSXV: BAY) is reporting success in preliminary exploration conducted at its Storm...

Monday, November 27, 2023, 08:50:53 AM

Aston Bay Reports 18.5 Metres Of Visual Copper Sulfide In Fourth Hole At Storm Copper Project

Aston Bay Holdings (TSXV: BAY) is claiming this morning that it has intersected additional visual...

Thursday, August 17, 2023, 09:52:23 AM

Aston Bay To See 22,000 Metre Drill Program Conducted At Storm Copper Project

Aston Bay Holdings (TSXV: BAY) is looking to recapture the excitement it saw in August...

Monday, February 26, 2024, 09:53:50 AM