Aston Bay Holdings Ltd. (TSXV: BAY) has obtained further outstanding assay results confirming thick intervals of copper mineralization from its ongoing delineation drilling program at the Storm Copper Project on Somerset Island, Nunavut, Canada.
Assay results have been received for an additional five drill holes from the current programme at the 4100N Zone, and all have intersected thick intervals of near-surface copper sulphides with grades up to 7% Cu. The assays continue to match or exceed visual estimations as previously reported.
The near-surface setting, thick intersections, and high grades of the copper mineralization support the potential for a low-cost open pit mining operation. The company continues to assess this outstanding opportunity with resource modelling, beneficiation test work and environmental studies in progress.
“Once again, the impressive results continue to come in from the ongoing exploration conducted by our partner American West Metals at Storm,” CEO, Thomas Ullrich, said.
“We believe these high-grade copper intercepts will support the development of a significant resource. We look forward to further results from our spring programme and anticipate an exciting second programme coming up this summer at Storm.”
Assay results from drill holes SR23-02, SR23-03, SR23-04, SR23-05 and SR23-06 have been received and confirm thick intervals of near-surface copper sulphides within the 4100N Zone.
The drilling results received to date demonstrate consistent copper grades and excellent lateral continuity of the high-grade mineralization. Additionally, drilling results show significant thicknesses of coherent copper mineralization (<1% Cu) are present outside of the stronger zones of mineralization.
- Drilling at the 4100N Zone will continue in the summer program, with a focus on expansion of the mineralized footprint. This will be followed by resource definition drilling at the 2200N and 2750N Zone, where drilling in 2022 intersected high-grade copper sulfides close to surface including 41m (core length) @4.18% Cu from 38m (ST22-05) downhole.
- Processing and interpretation of the MLEM and gravity survey data is almost complete. Diamond drilling will be used to test new high-priority exploration targets identified from these surveys.
- Ore sorting and beneficiation test work for a potential direct shipping product operation is continuing with results to follow shortly.
- An environmental baseline survey will begin in the Storm area during Q3 2023.
For further information please visit: https://astonbayholdings.com/