Saturday, July 12, 2025

Latest

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.

Video Articles

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

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 Intersects 22.9m @ 8.5% Cu in Nunavut’s Storm Project

Aston Bay Holdings Ltd. (TSXV:BAY) and its exploration partner, American West Metals Limited, have announced...

Friday, September 27, 2024, 09:45:08 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 Reprices Financing 58% Lower After Investors Lose Interest

In a sign of the waning interest in its story, Aston Bay Holdings (TSXV: BAY)...

Friday, September 29, 2023, 09:37:14 AM

Aston Bay’s Storm Project Strikes 42.7m of 3.1% Copper in Latest Drilling

Aston Bay Holdings (TSXV: BAY) and American West Metals Limited have released new data showcasing...

Thursday, October 17, 2024, 08:30:00 AM