Aston Bay Holdings Ltd. Reports Promising Copper Intercepts at Storm Project in Nunavut

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) has reported new copper intercepts at its Storm Project on Somerset Island, Nunavut, signaling potential for significant resource growth. The 2025 exploration program, operated by joint venture partner American West Metals, has completed eight diamond drill holes totaling 1,786 meters. These include geotechnical holes that intersected unexpected intervals of visual copper sulfide mineralization near the current resource boundary, suggesting the project's expanding prospectivity.

Surface gossans aligned with conductivity anomalies from the MobileMT survey further underscore the project's potential. With 80% of initial development costs now covered through an agreement with Ocean Partners, the project is deemed significantly de-risked. Aston Bay's CEO, Thomas Ullrich, highlighted the project's readiness for continued advancement through pre-feasibility work, marking a pivotal step towards development.

The Storm Project, a joint venture between Aston Bay and American West Metals, showcases the collaborative effort to explore and develop high-grade copper deposits. Aston Bay holds a free carried interest until American West makes a decision to mine, based on a bankable feasibility study. This arrangement ensures that American West bears the sole responsibility for funding until such a decision is reached, with Aston Bay's interest potentially converting into a 2% net smelter returns royalty if diluted below 10%.

This development not only highlights the potential for resource expansion at the Storm Project but also reflects the broader implications for the mining industry in Nunavut and the critical metals sector. The findings could contribute to the growing demand for copper, driven by its essential role in renewable energy technologies and infrastructure development. For more details on the project and Aston Bay Holdings Ltd., visit https://astonbayholdings.com.