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 Copper project joint venture with American West Metals.

The estimate is based on six near-surface copper deposits that are within the greater Storm Copper area, which are said to be easily accessible via open pit mining. All six deposits remain open. Highlights from the estimate include:

  • Indicated resources: 266.3 million pounds of copper at an average grade of 1.47%, and 1.19 million ounces of silver at an average grade of 4.5 g/t
  • Inferred resources: 95.4 million pounds of copper at an average grade of 1.30%, and 333,600 ounces of silver at an average grade of 3.1 g/t

The project is said to have room for growth, with the Cyclone Deeps discovery made last year, following the intersection of 1.2% copper over 10 metres from a depth of 311 metres, not included in the estimate. Three other high grade discoveries, including The Gap, Squall, and Hailstorm, are not included in the estimate as well and provide further potential for the project.

Storm Copper is also said to have further prospects that are believed to have copper-zinc gossans, that have been identified but not sufficiently explored.

Aston Bay Holdings last traded at $0.055 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. 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

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Gold is Up 30%, But the Real Bull Market is Only Starting Now! | Adrian Day

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

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 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

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...

Monday, September 4, 2023, 10:34:29 PM

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

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