Aston Bay Holdings Announces Promising Preliminary Findings at Storm Copper Project
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Aston Bay Holdings Ltd. has revealed preliminary results from its 2025 exploration program at the Storm Copper Project on Somerset Island, Nunavut, highlighting the discovery of large conductive anomalies that align with known copper mineralization. Conducted in partnership with American West Metals, the magnetotelluric survey and initial diamond drilling at the Cyclone Deeps target have intersected 47 meters of visual sulfide mineralization, suggesting proximity to a fault-offset continuation of the deposit. Supported by Nunavut’s Discover Invest Grow program, these findings underscore the project's strategic importance in the context of the global energy transition and the increasing demand for copper.
The Storm Copper Project represents a critical asset for Aston Bay Holdings Ltd., as the company explores for high-grade copper and gold deposits across North America. Through a 20/80 joint venture with American West Metals Limited and its subsidiary, Tornado Metals Ltd., Aston Bay maintains a free carried interest until a mining decision is made, based on a bankable feasibility study. This partnership ensures that American West bears the sole responsibility for funding the venture up to that point, highlighting the collaborative effort to advance the project's development.
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Article Control ID: 102018