FAQ: Aston Bay Holdings Ltd. Launches Exploration at Storm Copper Project in Nunavut

What is the Storm Copper Project?

The Storm Copper Project is an exploration initiative by Aston Bay Holdings Ltd. on Somerset Island, Nunavut, targeting high-grade copper deposits through reverse circulation and diamond drilling, alongside a MobileMT geophysical survey to identify new drill targets.

Who is operating the exploration activities at the Storm Copper Project?

American West Metals is operating the exploration activities under a 20/80 joint venture with Aston Bay Holdings Ltd., with Aston Bay retaining a free carried interest until a mining decision is made following a bankable feasibility study.

What exploration methods are being used at the Storm Copper Project?

The exploration includes reverse circulation and diamond drilling aimed at resource expansion and deeper discoveries, along with a MobileMT geophysical survey to pinpoint new drill targets for the season.

Where is the Storm Copper Project located?

The Storm Copper Project is located on Somerset Island, Nunavut, Canada.

What is Aston Bay Holdings Ltd.’s interest in the Storm Copper Project?

Aston Bay Holdings Ltd. has a free carried interest in the Storm Copper Project until American West Metals makes a mining decision after completing a bankable feasibility study, after which Aston Bay’s interest could be diluted or converted into a 2% net smelter returns royalty if diluted below 10%.

Are there any other projects Aston Bay is currently exploring?

Yes, Aston Bay is also exploring the Epworth copper project in Nunavut and the high-grade Buckingham Gold Vein and critical metals prospects in central Virginia, USA.

How can I find more information about Aston Bay Holdings Ltd. and its projects?

More details are available on the company’s website at https://astonbayholdings.com and the latest news and updates relating to ATBHF are available in the company’s newsroom at https://ibn.fm/ATBHF.

What is the significance of the MobileMT geophysical survey?

The MobileMT geophysical survey is significant as it is expected to identify new drill targets at the Storm Copper Project this season, aiding in the exploration and potential expansion of copper resources.

What is the status of the Preliminary Economic Analysis for the Storm Copper Project?

A Preliminary Economic Analysis for the near-surface mineralization at the Storm Copper Project is currently underway, indicating progress towards understanding the project’s economic viability.