Discovering High-Grade Copper and Gold in North America
Stock Code:
TSXV: BAY
Company Exposure:
Gold, Copper
Project Locations:
Canada, USA
Aston Bay (TSXV: BAY | OTCQB: ATBHF) is exploring for high-grade copper and gold deposits in Nunavut, Canada and Virginia, USA.
The Company owns a 100% interest in the high-grade Storm Copper Project in Nunavut (Canada), which has been optioned to ASX-listed American West Metals (ASX: AW1). Recent drilling reported high-grade copper at surface (41m @ 4.2% copper) and discovery of sediment hosted-style copper mineralization at depth. As well, ore sorting test work has returned over 53.9% copper for a direct shipping product.
The Virginia-based properties are located within an underexplored gold-copper-zinc mineralized belt, which has historically hosted both gold and base metals deposits. Aston Bay has made two new discoveries in the belt: SEDEX copper-zinc and high-grade mesothermal gold (24.73 g/t Au over 3.57m incl. 62.51 g/t Au over 1.39m). Drilling is planned for 2023 on the gold vein and a high-priority copper target.
Investment Highlights
Storm Copper Project, Nunavut, Canada
- The Aston Bay Property hosts both the Storm Copper Project and the Seal Zinc Deposit with drill-confirmed presence of sediment-hosted copper and zinc mineralization, covers an area of approximately 541,793ac (219,256ha).
- Storm Copper is located on western Somerset Island, Nunavut, 200km south of Teck/Cominco’s profitable, past producing Polaris (Pb-Zn) Mine.
Moving Toward Development: High-Grade, Direct-Ship Product from Surface
- High-grade, near-surface sediment hosted copper mineralization with intersections including: 110m @ 2.45% Cu from surface; 56.3m @ 3.07% Cu from 12.2m; 41m @ 4.18% Cu from 38m
- Recent test work using a full-scale ore sorter has successfully shown the potential for a direct shipping product with a grade of 53.9% copper; preliminary economic evaluation underway
New Discovery: Sediment-Hosted-Style Copper Mineralization at Depth, Untested Anomalies
- Over 68m of sediment hosted style copper sulphide mineralization intersected in ST22 10 from 277m downhole
- Associated with an 800m x 300m EM plate, with six other similar large EM plates yet to be tested
Expanded 2023 Programme Planned
- Evidence of a major copper system at depth with significant copper endowment upside
- Expanded and accelerated 2023 exploration and delineation programme planned
- Beneficiation studies, permitting, and baseline studies underway for direct ship product operation
