Drilling Results at Storm Copper Project Confirm Expansion Potential
Assays Confirm Thick High-Grade Copper Intervals
The recent drill results at the Storm Copper Project have confirmed the expansion potential of the Cyclone resource through the intersection of further thick high-grade copper intervals. Drill hole SR24-093, located 75m south of the current known area of mineralization, intercepted 53.3m @ 3.9% copper (Cu) and 12.6 grams per tonne (g/t) silver (Ag) from 86.9m downhole. This included a significant interval of 22.9m @ 8.5% Cu and 17.8g/t Ag, as well as 9.1m @ 14.4% Cu and 21.3g/t Ag.
Additionally, drill hole SR24-070 intersected 45.7m @ 1.9% Cu and 9.4g/t Ag, with a higher-grade section of 27.4m @ 3.1% Cu and 14.6g/t Ag, including 15.2m @ 4.2% Cu and 16.2g/t Ag. Drill hole SR24-045 also returned notable results, with 57.9m @ 1% Cu and 4.3g/t Ag, including 10.7m @ 3.2% Cu and 16.0g/t Ag.
Sealift and 2025 Program Preparation
The NEAS cargo ship MV Mitiq has successfully completed the 2024 sealift operation at Storm, delivering supplies directly on Somerset Island for the 2025 exploration, resource expansion, and development programs. This efficient logistics operation is expected to save an estimated $4 million on the 2025 budget. In addition, bulk samples containing copper were transported offsite via the cargo ship, highlighting the potential for a direct shipping product mining operation.
Aston Bay Holdings Ltd. Update
TORONTO, ON / ACCESSWIRE / September 27, 2024 / Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF) (“Aston Bay” or the “Company”) is pleased to provide an update on drilling activities at the Storm Copper Project (“Storm” or the “Project”) on Somerset Island, Nunavut.
How This Will Impact You
The successful drill results at the Storm Copper Project could potentially lead to increased job opportunities and economic growth in the region. If the expansion potential is realized, it could also benefit investors who have shares in Aston Bay Holdings Ltd. through increased profitability and stock value.
How This Will Impact the World
The expansion of copper mining at the Storm Copper Project could have a significant impact on the global copper market. Increased production of high-grade copper could help meet growing demand for this essential metal in various industries, including electronics, construction, and renewable energy technologies.
Conclusion
The recent drill results and sealift operation at the Storm Copper Project demonstrate the significant potential for resource expansion and development. These positive developments not only benefit Aston Bay Holdings Ltd. and investors but also have the potential to impact local communities and the global copper market in a meaningful way.
