on Aston Bay Holdings Ltd (NASDAQ:ATBHF)
Extensive Copper Discoveries at Storm Project in Nunavut
Aston Bay Holdings Ltd. and American West Metals report significant copper mineralization discoveries at the Storm Project in Nunavut, Canada. The exploration has unveiled extensive copper gossans and outcrop over an 8 km area, marking a promising advancement.
The drilling programs have made substantial progress. Eight diamond drill holes, totaling 1,786 meters, revealed thick intervals of copper sulfides such as chalcocite. Additionally, 21 reverse-circulation drill holes have been completed across various zones, enhancing resource potential.
A financing agreement with Ocean Partners Holdings Ltd. will provide up to 80% of initial capital for project development, significantly reducing financial risk. The partnership also includes a finalized offtake agreement for copper, silver, and gold, further supporting the project's economic feasibility.
R. H.
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