Aston Bay and American West Metals Report 42.7m @ 3.1% copper from the surface at the Storm Project, Nunavut, Canada

Aston Bay and American West Metals Report 42.7m @ 3.1% copper from the surface at the Storm Project, Nunavut, Canada

Thick and high-grade copper intersections from the surface at Chinook

Chinook Deposit delineation drilling:

  • Drilling at the Chinook Deposit has intersected thick, high-grade, near-surface copper intervals (interpreted as close to true width), including:

  • Drill hole SR24-068:

    • 42.7m @ 3.1% Cu, 4.0 g/t Ag from the surface, including,

      • 1.5m @ 7.1% Cu, 60 g/t Ag from 25.9m downhole

  • Drill hole SR24-080:

    • 35.1m @ 2.7% Cu, 5.8 g/t Ag from 22.9m downhole, including,

      • 9.2m @ 7.3% Cu, 15.3 g/t Ag from 27.4m downhole, and,

      • 3.1m @ 3.9% Cu, 5.5 g/t Ag from 38.1m downhole

  • Drill hole SR24-081:

    • 29m @ 2.6% Cu, 4.3 g/t Ag from the surface, including,

      • 3.1m @ 11.1% Cu, 1.5 g/t Ag from 1.5m downhole, and,

      • 4.6m @ 4.8% Cu, 5.7 g/t Ag from 21.6m downhole

Cyclone Deposit delineation drilling:

  • Drilling around and within the Cyclone Deposit continues to intersect thick, high-grade copper intervals (interpreted as close to true width), including:

  • Drill hole SR24-117 has intersected:

    • 16.8m @ 1% Cu, 4.0 g/t Ag from 15.2m downhole, and

    • 33.5m @ 1.5% Cu, 8.5 g/t Ag from 35.1m downhole, including,

      • 3.1m @ 6.9% Cu, 23.0 g/t Ag from 54.9m downhole

  • Assays for the remaining Cyclone drill holes are expected in the next 2-4 weeks

TORONTO, ON / ACCESSWIRE / October 17, 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. The exploration program is being conducted by American West Metals Limited ("American West"), the Project operator. Aston Bay and American West have formed a 20/80 unincorporated joint venture with respect to the Storm Project property, with Aston Bay maintaining a free carried interest until a decision to mine is made upon completion of a bankable feasibility study.

Thomas Ullrich, Chief Executive Officer of Aston Bay,commented:

"Storm continues to deliver impressive results from the delineation drilling program conducted by our partners American West. Long intercepts of high-grade copper mineralization from the surface bode well for potential development at the project. We look forward to more drill results in the coming weeks as we work toward calculating the maiden resource for Storm."

Figure 1: Storm Project team geologists Rachel Borg and Jordan Mathieu review the drill core from metallurgical drill hole SM24-02 (see Table 1 for details).

EXCEPTIONAL COPPER INTERSECTIONS FROM THE SURFACE AT CHINOOK

Assay results from drilling at the Chinook Deposit confirm thick and high-grade intersections of copper from the surface and highlight the near-surface, high-grade potential of the deposit (Figure 2). The drill program was designed to inform an upcoming maiden mineral resource estimate for the Storm Project that is currently being constructed to CIM standards.

The shallow, up-dip drilling has intersected outstanding intervals of copper and has increased the thickness of the known mineralization along several drill sections. Drilling on the margins of Chinook has also highlighted its expansion potential, with the deposit remaining open down dip and along strike.

The thick intervals and high grades of the outcropping and near-surface copper mineralization at Chinook support potential open-pit mining of the deposit, reinforcing the development opportunity that Chinook presents as a potential starter mining pit at Storm. Detailed studies continue on a range of mining and development scenarios for the Storm project.

Figure 2: Plan view of the Chinook Deposit showing the interpreted copper mineralized zone and historical and recent drilling, overlying regional geology.

Figure 3: Photo of the Chinook copper deposit area looking north, across the gully from the Lightning Ridge Prospect. The extensive rust-coloured staining indicates an outcropping of copper sulfide. Also visible in the photo are a diamond drilling rig (left, middle) and several white bulk bags used for transporting drill samples.

DRILL HOLE SR24-068 DETAILS

SR24-068 was drilled in the up-dip portion of the Chinook Deposit to a downhole depth of 79.2m (Figure 4), intersecting 43m of intense chalcocite and bornite mineralization from the surface (Table 1). The interval is consistently mineralized with several discrete zones of more intense mineralization grading up to 7.1% Cu (from 25.9m downhole).

The mineralization within the Chinook Deposit is steeply dipping and hosted within the Allen Bay Formation. The geometry and fractured nature of the mineralization within the deposit suggest that it is fault-related. With the immediate Chinook area only being explored to approximately 120m vertical depth, there is outstanding potential to extend the deposit at depth and along strike.

The Chinook Deposit represents one of seven discoveries in the Southern Graben area to date, and there is strong potential for further discoveries within the extensive fault network that delineates the graben.

Figure 4: N-S geological schematic section view through SR24-068 showing the recent drill hole locations, recently received assays and the previous interpretation of the copper mineralized zone (to be updated).

THICK INTERVALS OF COPPER CONTINUE AT CYCLONE

The potential of the Cyclone Deposit is highlighted by the thick and high-grade nature of copper mineralization in these new results, both within and outside the interpreted copper mineralized zone (Figure 5).

Within the mineralized zone, these new drill results from the southeast of the deposit demonstrate the intense copper mineralization that is typically found close to the Northern Graben Fault, a critical structural control on mineralization.

Recent drilling has also hit significant copper mineralization outside of the interpreted zone of copper mineralization at Cyclone. Previous geological interpretations truncated the zone along the Northern Graben Fault (Figure 5). Recent drilling to the southwest of the deposit (see September 27, 2024, Aston Bay news release) confirms that the Cyclone mineralization continues across this structure and is located at depth within the down-faulted stratigraphy of the Central Graben, outside of the previously interpreted mineralized body. With only minimal drilling in this newly identified zone to the southeast, this area remains a highly prospective target for future growth (Figure 6).

Figure 5: Plan view of the Cyclone Deposit showing the interpreted copper mineralized zone and historical and recent drilling overlying regional geology.

DRILL HOLE SR24-117 DETAILS

SR24-117 was drilled in the southeast portion of the Cyclone Deposit to a downhole depth of 100.7m (Table 4) proximal to the Northern Graben Fault.

The mineralization in SR24-117 contains two main zones (16.8m @ 1% Cu, 4.0 g/t Ag from 15.2m and 33.5m @ 1.5% Cu, 8.5 g/t Ag from 35.1m) of intense vein- and fracture-style copper sulfide mineralization, dominantly chalcocite, hosted within fractured dolomite of the Allen Bay Formation.

Copper-rich chalcocite mineralization is usually characterized by significant lateral continuity within Cyclone. Given the proximity to the Northern Graben Fault, it is interpreted that the mineralization is highly likely to continue to the south across the fault, where the extension to the Cyclone mineralization could be located slightly deeper within the Central Graben (Figure 6).

Figure 6: Geological section view at 465,400E showing the interpreted mineralized intervals (>0.2% Cu) for drill hole SR24-117, and the previous interpretation of the copper mineralized zone (to be updated).

PLANNED PROGRAM

  • On-site drilling activities have concluded for 2024 with substantial news flow expected to continue, including the laboratory assays for the remaining drill holes over the next month and the results of several ongoing studies throughout Q4 2024 and early 2025.

  • A maiden mineral resource estimate for the Storm Project is currently being constructed to CIM standards for anticipated Q4 2024 release.

  • ESG, mining, engineering, metallurgical, and economic studies are continuing with Ausenco and Sacre-Davey Engineering.

Hole ID

From (m)

To (m)

Width

Cu %

Zn %

Ag g/t

SM24-01

0

8

8

4.84

0.1

13.1

Including

3

5.38

2.38

13.41

0.4

22.8

38

43

5

0.50

0.0

1.7

44

59

15

2.78

0.0

9.0

Including

46.5

55

8.5

4.54

0.0

13.8

60

64.5

4.5

1.34

0.0

2.1

Including

62

63.8

1.8

2.45

0.0

3.2

74.24

75.05

0.81

0.36

0.0

1.0

77.5

79

1.5

0.59

0.0

1.0

SM24-02

6

10

4

0.61

0.0

3.8

11.9

26

14.1

4.90

0.0

7.0

Including

18.4

26

7.6

8.15

0.0

5.9

27

29

2

1.08

0.0

1.0

30.35

32.5

2.15

1.18

0.0

1.8

33

35

2

3.88

0.0

4.0

Including

33

34

1

6.86

0.0

6.0

37

40

3

8.81

0.0

12.2

Including

37

38

1

24.40

0.0

32.0

41.5

44

2.5

3.12

0.0

4.0

Including

41.5

42.5

1

6.30

0.0

7.0

51

55

4

3.24

0.0

3.7

Including

51.85

54

2.15

5.64

0.0

5.8

56

65

9

3.76

0.0

3.1

Including

58

59.9

1.9

10.54

0.0

6.9

and

63

64

1

2.06

0.0

2.0

66

69

3

0.30

0.0

1.0

71

73

2

0.43

0.0

1.0

74

76

2

0.49

0.0

1.0

80

81.5

1.5

1.12

0.0

0.8

85.3

86

0.7

2.35

0.0

1.0

92.5

93

0.5

1.75

0.0

1.0

SR24-068

0

42.67

42.67

3.10

0.0

4.0

Including

25.91

27.43

1.52

7.14

0.0

6.0

SR24-080

0

1.52

1.52

0.21

0.0

1.0

4.57

7.62

3.05

0.41

0.0

0.5

9.14

21.34

12.2

0.93

0.0

1.6

Including

10.67

13.72

3.05

1.76

0.0

1.5

and

15.24

18.29

3.05

1.12

0.0

2.0

22.86

57.91

35.05

2.72

0.1

5.8

Including

27.43

36.58

9.15

7.28

0.5

15.3

and

38.1

41.15

3.05

3.90

0.0

5.5

62.48

68.58

6.1

0.53

0.0

1.1

Including

65.53

67.06

1.53

1.04

0.0

0.5

SR24-081

0

28.96

28.96

2.56

0.1

4.3

Including

1.52

4.57

3.05

11.11

0.1

1.5

and

7.62

10.67

3.05

2.24

0.1

5.5

and

21.34

25.91

4.57

4.77

0.1

5.7

39.62

50.29

10.67

0.56

0.0

1.4

Including

48.77

50.29

1.52

1.03

0.0

2.0

57.91

59.44

1.53

0.31

0.0

3.0

62.48

64.01

1.53

0.26

0.0

7.0

SR24-082

0

7.62

7.62

0.61

0.0

3.0

Including

1.52

3.05

1.53

1.11

0.0

4.0

10.67

13.72

3.05

0.45

0.0

2.5

19.81

28.96

9.15

2.73

0.0

2.2

32

35.05

3.05

0.66

0.0

24.0

SR24-083

0

18.29

18.29

2.48

0.0

16.0

Including

4.57

10.67

6.1

5.37

0.0

2.8

22.86

27.43

4.57

0.35

0.0

3.3

39.62

41.15

1.53

0.52

0.0

1.0

SR24-084

3.05

4.57

1.52

0.60

0.0

2.0

7.62

9.14

1.52

0.34

0.0

1.0

12.19

16.76

4.57

0.78

0.0

1.3

Including

12.19

13.72

1.53

1.82

0.0

2.0

25.91

32

6.09

1.04

0.0

2.0

Including

27.43

28.96

1.53

3.45

0.0

3.0

45.72

47.24

1.52

0.21

0.0

1.0

SR24-085

7.62

9.14

1.52

0.43

0.0

0.5

10.67

12.19

1.52

0.87

0.3

1.0

13.72

18.29

4.57

0.74

0.1

4.7

Including

16.76

18.29

1.53

1.42

0.0

10.0

SR24-086

10.67

16.76

6.09

0.93

0.0

53.4

Including

10.67

13.72

3.05

1.39

0.0

83.1

22.86

25.91

3.05

0.52

0.0

3.0

38.1

39.62

1.52

0.21

0.0

2.0

SR24-088

54.86

56.39

1.53

0.24

0.0

2.0

SR24-090

0

1.52

1.52

0.29

0.0

3.0

9.14

12.19

3.05

0.48

0.0

3.5

16.76

25.91

9.15

1.05

0.0

1.3

Including

18.29

21.34

3.05

1.77

0.0

1.5

27.43

32

4.57

0.71

0.0

3.0

Including

28.96

30.48

1.52

1.48

0.0

2.0

33.53

38.1

4.57

0.44

0.0

0.8

SR24-092

53.34

60.96

7.62

0.41

0.0

0.9

64.01

65.53

1.52

0.28

0.0

0.5

Table 1: Summary of recent significant drilling intersections at the Chinook Deposit (>0.2% Cu). The Reverse Circulation ("RC") intersections (SR24* holes) are expressed as downhole widths and are interpreted to be close to true widths. Diamond drill intersections (SM* holes) are all core length and true width is expected to be 60% to 100% of core length.

Hole ID

From (m)

To (m)

Width

Cu %

Zn %

Ag g/t

SR24-077

118.87

120.4

1.53

0.45

0.06

2

SR24-113

96.01

97.54

1.53

0.3

0.0

2.0

SR24-114

44.2

45.72

1.52

0.3

0.0

1.0

62.48

64.01

1.53

2.1

0.0

4.0

70.1

73.15

3.05

0.7

0.0

3.5

Including

71.63

73.15

1.52

1.1

0.0

5.0

77.72

80.77

3.05

0.3

0.0

2.0

100.58

102.11

1.53

0.5

0.0

2.0

SR24-115

21.34

24.38

3.04

0.4

0.0

1.5

33.53

36.58

3.05

0.4

0.0

1.5

47.24

48.77

1.53

0.2

0.0

0.5

62.48

64.01

1.53

0.4

0.0

2.0

73.15

74.68

1.53

0.2

0.0

0.5

77.72

79.25

1.53

0.3

0.0

1.0

SR24-116

30.48

32

1.52

0.4

0.0

2.0

38.1

39.62

1.52

0.3

0.0

1.0

50.29

56.39

6.1

0.9

0.2

6.0

Including

53.34

56.39

3.05

1.4

0.2

9.5

60.96

65.53

4.57

0.4

0.0

0.8

71.63

73.15

1.52

0.4

0.0

0.5

74.68

76.2

1.52

0.2

0.0

0.5

77.72

83.82

6.1

0.8

0.0

3.5

Including

77.72

79.25

1.53

2.2

0.0

8.0

SR24-117

10.67

12.19

1.52

0.5

0.0

2.0

15.24

32

16.76

1.0

0.0

4.0

35.05

68.58

33.53

1.5

0.1

8.5

Including

53.34

64.01

10.67

2.8

0.1

10.3

Including

54.86

57.91

3.05

6.93

0.1

23

77.72

83.82

6.1

0.5

0.1

4.3

SR24-118

19.81

21.34

1.53

0.4

0.0

2.0

35.05

38.1

3.05

0.5

0.0

1.5

42.67

44.2

1.53

0.3

0.0

1.0

68.58

74.68

6.1

0.3

0.0

1.0

SR24-121

89.92

91.44

1.52

0.4

0.0

1.0

SR24-122

16.76

18.29

1.53

0.2

0.0

0.5

39.62

41.15

1.53

0.7

0.0

3.0

47.24

48.77

1.53

0.3

0.0

2.0

51.82

53.34

1.52

0.2

0.0

1.0

76.2

79.25

3.05

0.3

0.1

2.5

SR24-124

106.68

108.2

1.52

0.3

0.1

2.0

112.78

114.3

1.52

0.3

0.0

1.0

SR24-125

114.3

115.82

1.52

0.4

0.0

1.0

117.35

118.87

1.52

0.2

0.0

1.0

123.44

126.49

3.05

0.7

0.0

1.5

SR24-127

85.34

100.58

15.24

0.8

0.1

3.5

Including

86.87

94.49

7.62

1.3

0.0

3.6

102.11

103.63

1.52

0.3

0.0

2.0

105.16

109.73

4.57

0.8

0.0

5.7

SR24-128

67.06

70.1

3.04

0.6

0.1

4.5

71.63

74.68

3.05

0.4

0.0

3.5

80.77

82.3

1.53

0.3

0.1

6.0

99.06

102.11

3.05

0.2

0.0

2.0

106.68

108.2

1.52

0.3

0.0

1.0

Table 2: Summary of recent significant drilling intersections at the Cyclone Deposit (>0.2% Cu). The Reverse Circulation ("RC") intersections (SR24* holes) are expressed as downhole widths and are interpreted to be close to true widths.

Details of the delineation drilling and exploration drill holes for the 2024 program are available at https://astonbayholdings.com/news/2024-storm-drill-hole-details/.

Qualified Person

Michael Dufresne, M.Sc., P.Geol., P.Geo., is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the scientific and technical information in this press release.

About the Storm Copper and Seal Zinc-Silver Projects, Nunavut

The Nunavut property consists of 173 contiguous mining claims covering an area of approximately 219,257 hectares on Somerset Island, Nunavut, Canada. The Storm Project comprises both the Storm Copper Project, a high-grade sediment-hosted copper discovery (intersections including 110m* @ 2.5% Cu from surface and 56.3* @ 3.1% Cu from 12.2m as well as the Seal Zinc Deposit (intersections including 14.4m* @ 10.6% Zn, 28.7g/t Ag from 51.8m and 22.3m* @ 23.0% Zn, 5.1g/t Ag from 101.5m). Additionally, there are numerous underexplored and undrilled targets within the 120-kilometre strike length of the mineralized trend, including the Tornado copper prospect, where ten grab samples yielded >1% Cu up to 32% Cu in gossans. The Nunavut property is now the subject of an 80/20 unincorporated joint venture with American West (see "Agreement with American West" below for more details).

Storm Discovery and Historical Work

High-grade copper mineralization was discovered at Storm in the mid-1990s by Cominco geologists conducting regional zinc exploration around their then-producing Polaris lead-zinc mine. A massive chalcocite boulder found in a tributary of the Aston River in 1996 was traced to impressive surface exposures of broken chalcocite mineralization for hundreds of metres of surface strike length at what became named the 2750N, 2200N, and 3500N zones. Subsequent seasons of prospecting, geophysics and over 9,000 m of drilling into the early 2000s confirmed a significant amount of copper mineralization below the surface exposures as well as making the blind discovery of the 4100N Zone, a large area of copper mineralization with no surface exposure.

Following the merger of Cominco with Teck in 2001 and the closure of the Polaris Mine, the Storm claims were allowed to lapse in 2007. Commander Resources staked the property in 2008 and flew a helicopter-borne VTEM survey in 2011 but conducted no additional drilling. Aston Bay subsequently entered into an earn-in agreement with Commander and consolidated 100% ownership in 2015. Commander retained a 0.875% Gross Overriding Royalty in the area of the original Storm claims which was purchased by Taurus Mining Royalty Fund L.P. in January 2024.

In 2016 Aston Bay entered into an earn-in agreement with BHP, who conducted a 2,000-station soil sampling program and drilled 1,951m of core in 12 diamond drill holes, yielding up to 16m* @ 3.1% Cu. BHP exited the agreement in 2017 and retains no residual interest in the project. Aston Bay conducted a property-wide airborne gravity gradiometry survey in 2017 and drilled 2,913m in nine core holes in the Storm area in 2018, yielding a best intercept of 1.5m* @ 4.4% Cu and 20.5m* @ 0.6% Cu.

Agreement with American West

On March 9, 2021, Aston Bay entered into an option agreement with American West Metals Limited (American West) and its wholly owned Canadian subsidiary Tornado Metals Ltd., pursuant to which American West was granted an option to earn an 80% undivided interest in the Project by spending a minimum of CAD$10 million on qualifying exploration expenditures. The parties amended and restated the Option Agreement as of February 27, 2023, to facilitate American West directly earning an interest in the Project alongside its Canadian subsidiary without any change to the overall commercial agreement between the parties. The expenditures were completed during 2023, and American West exercised the option. American West and Aston Bay have formed an 80/20 unincorporated joint venture.

Under the joint venture, Aston Bay shall have a free carried interest until American West has made a decision to mine upon completion of a bankable feasibility study, meaning American West will be solely responsible for funding the joint venture until such decision is made. After such decision is made, Aston Bay will be diluted in the event it does not elect to contribute its proportionate share and its interest in the Project will be converted into a 2% net smelter returns royalty if its interest is diluted to below 10%.

Recent Work

American West completed a fixed loop electromagnetic (FLEM) ground geophysical survey in 2021 that yielded several new subsurface conductive anomalies. A total of 1,534m were drilled in 10 diamond drill holes in the 2022 season, yielding several impressive near-surface intercepts, including 41m* @ 4.1% Cu as well as 68m of sulfide mineralization associated with a deeper conductive anomaly.

In April 2022, results of beneficiation studies demonstrated that a mineralized intercept grading 4% Cu from the 4100N area could be upgraded to a 54% Cu direct ship product using standard sorting technology. Further beneficiation and metallurgical studies are ongoing.

In April 2023, American West embarked on a spring delineation drilling program using a helicopter-portable RC drill rig as well as conducting gravity and moving loop electromagnetic (MLEM) ground geophysical programs.

The summer 2023 program conducted further delineation drilling of the near-surface high-grade copper zones to advance them toward maiden resource estimates in 2024. Deep diamond drilling during 2023 discovered high-grade copper sulfides up to 2.7% Cu at approximately 300m vertical depth (ST23-02), suggesting the potential for the discovery of large-scale copper targets at depth.

Diamond drilling of new high-priority deep MLEM targets, RC delineation drilling for resource development and additional geophysical surveys are now underway in the 2024 program. Metallurgical studies and environmental baseline studies are ongoing, with bulk sampling for prefeasibility-level processing planned for summer 2024.

*Stated drill hole intersections are all core length and true width is expected to be 60% to 100% of core length.

About Aston Bay Holdings

Aston Bay is a publicly traded mineral exploration company exploring for high-grade critical and precious metal deposits in Nunavut, Canada and Virginia, USA.

The Company is currently exploring the Storm Copper Property and Cu-Ag-Zn-Co Epworth Property in Nunavut, as well as the high-grade Buckingham Gold Vein in central Virginia. The Company is also in advanced stages of negotiation on other lands with high-grade critical metals potential in North America

The Company and its joint venture partners, American West Metals Limited and its wholly-owned subsidiary, Tornado Metals Ltd. (collectively, "American West") have formed a 20/80 unincorporated joint venture in respect of the Storm Project property, which hosts the Storm Copper Project and the Seal Zinc Deposit. Under the unincorporated joint venture, Aston Bay shall have a free carried interest until American West has made a decision to mine upon completion of a bankable feasibility study, meaning American West will be solely responsible for funding the joint venture until such decision is made. After such decision is made, Aston Bay will be diluted in the event it does not elect to contribute its proportionate share and its interest in the Storm Project property will be converted into a 2% net smelter returns royalty if its interest is diluted to below 10%.

About American West Metals Limited

AMERICAN WEST METALS LIMITED (ASX:AW1) is an Australian clean energy mining company focused on growth through the discovery and development of major base metal mineral deposits in Tier 1 jurisdictions of North America. The company's strategy is focused on developing mines that have a low-footprint and support the global energy transformation. AW1's portfolio of copper and zinc projects in Utah and Canada include significant existing resource inventories and high-grade mineralization that can generate robust mining proposals. Core to AW1's approach is a commitment to the ethical extraction and processing of minerals and making a meaningful contribution to the communities where its projects are located.

Led by a highly experienced leadership team, AW1's strategic initiatives lay the foundation for a sustainable business which aims to deliver high-multiplier returns on shareholder investment and economic benefits to all stakeholders.

For further information on American West, visit: www.americanwestmetals.com.

FORWARD-LOOKING STATEMENTS

Statements made in this news release, including those regarding entering into the joint venture and each party's interest in the Project pursuant to the agreement in respect of the joint venture, management objectives, forecasts, estimates, expectations, or predictions of the future may constitute "forward-looking statement", which can be identified by the use of conditional or future tenses or by the use of such verbs as "believe", "expect", "may", "will", "should", "estimate", "anticipate", "project", "plan", and words of similar import, including variations thereof and negative forms. This press release contains forward-looking statements that reflect, as of the date of this press release, Aston Bay's expectations, estimates and projections about its operations, the mining industry and the economic environment in which it operates. Statements in this press release that are not supported by historical fact are forward-looking statements, meaning they involve risk, uncertainty and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Although Aston Bay believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which apply only at the time of writing of this press release. Aston Bay disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by securities legislation.

Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

For more information contact:

Thomas Ullrich, Chief Executive Officer
thomas.ullrich@astonbayholdings.com
(416) 456-3516

Sofia Harquail, IR and Corporate Development
sofia.harquail@astonbayholdings.com
(647) 821-1337

SOURCE: Aston Bay Holdings Ltd.



View the original press release on accesswire.com

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Aston Bay Holdings

Aston Bay Holdings

Aston Bay Holdings Ltd is an exploration-stage company. It is engaged in the exploration and development of gold and base metal deposits in Virginia, USA and Nunavut, Canada. Its projects are Buckingham Gold property, Virginia Gold Belt, Polymetallic Base, and Precious metals, Storm Copper Project, and Seal Zinc deposit.
Aston Bay Holdings Ltd is an exploration-stage company. It is engaged in the exploration and development of gold and base metal deposits in Virginia, USA and Nunavut, Canada.
Aston Bay Presents Corporate Update

Aston Bay Presents Corporate Update

Epworth Project:

  • Assays received from 376 rock grab samples and 39 lake sediment samples

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Aston Bay and American West Metals Report Multiple New Copper Targets Along the 110km-long Copper Belt at the Storm Project, Nunavut, Canada

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98 metres of copper sulfides reinforce large-scale sediment-hosted copper potential

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Aston Bay (TSXV:BAY)

Aston Bay Receives C$1.38 Million Initial Royalty Payment for the Storm Copper Project, Canada

First payment received from a total C$3.46 million allocated to Aston Bay with no use of proceeds restriction

Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF) ("Aston Bay" or the "Company") is pleased to announce that it has received the initial US$1 million (C$1.38 million1) in funding as part of an agreement with the Company's joint venture partner American West Metals Limited ("American West") and TMRF Canada Inc., a subsidiary of Taurus Mining Royalty Fund L.P. ("Taurus"), whereby Taurus will provide funding of up to US$12.5 million (C$17.3 million[1]) under a royalty package for the Storm Copper Project

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SMI, organized by Bally Capital Advisors SA, is one of Europe's premier mining investment events, known for bringing together over 1,000 leading Asset Managers, Portfolio Managers, Fund Managers, and other professional investors from around the world. This exclusive, invite-only event highlights over 100 selected mining companies and offers unparalleled insights into the global resource sector.

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Vertex Minerals Limited  Underground Development and Production Drill Rig Purchased

Vertex Minerals Limited Underground Development and Production Drill Rig Purchased

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce the purchase of an Epiroc Boomer TD1 development and production rig to be incorporated into the underground fleet at the Reward Gold Mine. The drill rig is specifically designed for high-speed drilling in narrow vein mining in cross sections up to 23m2.

Vertex has purchased the TD1 Jumbo so it can be used in development work and undertake production drilling.

This machine comes with a conversion kit, so that it can be rapidly converted from a face drilling machine to a long hole production rig, called a "combi".

The new base model TD1 machine is sitting in Kalgoorlie and will undergo some refitting to meet Vertex's specification. Additional production and development drill rigs are currently under review but will have longer lead times than the TD1.

Vertex Director and Mining Engineer commented.

"The TD1 Boomer is the perfect machine for the size development that we have planned for the Reward Gold Mine. Buying a new Boomer with a split feed is ideal for achieving high rates of development advance while ensuring we can install the highest quality ground support efficiently. We look forward to working closely with Epiroc and their team. Their workshop facilities are conveniently located a short 124km from Hill End in Orange and will help Vertex achieve high levels of availability."

*To view photographs, please visit:
https://abnnewswire.net/lnk/Y1GL6J22



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

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(TheNewswire)

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TORONTO TheNewswire - March 13, 2025 Noble Mineral Exploration Inc. ("Noble" or the "Company") (TSXV: NOB) (OTCQB: NLPXF) is pleased to announce successful exploration drilling results from its joint venture partner Canada Nickel Company Inc. ("Canada Nickel") (TSXV:CNC) in East Timmins Nickel Ltd. ("East Timmins Nickel") a private company operating in the Timmins area of Northern Ontario.

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This active 2025 work program will continue work delineating the vast vein system on Carrizal property and aid in refining future drill targets. All samples will be sent for assay and the Company expects a steady stream of assay results shortly.

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Vertex Minerals Limited  Key Operational Personnel added to Execute Reward High Grade

Vertex Minerals Limited Key Operational Personnel added to Execute Reward High Grade

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce seven key operational appointments to progress the Company's operational plans for the high grade Reward Underground Gold Mine.

Alan Mills, Commercial Manager - Alan is a qualified chartered accountant with over 15 years' experience. He has worked for multinational and ASX listed mining organisations such as Glencore, Aeris Resources, Newmont Corporation and Mitsui in site and corporate senior commercial, financial and management accounting roles.

Alan holds a Bachelor of Commerce (Accounting) from Griffith University and is a member of Chartered Accountants Australia and New Zealand.

Thomas Cowan, Senior Mining Engineer - Thomas holds a B. Eng (Mining) from University of Wollongong, a Grad. Dip of Mine Ventilation and a NSW Underground Supervisors certificate. He is experienced in mine planning, drill and blast, and ventilation in both underground coal and base metals. Tom recently worked at Aeris Resources Tritton mine.

Carl Clark, Senior Mining Geologist - "Vertex holds one of the premier gold resources of NSW at Hill End. I'm excited to be part of the team to re-awaken this Australian gold mining icon". Carl has 30+ years' experience as a geologist internationally and in Australia where he cut teeth in the WA goldfields.

Julian Geldard, Senior Mining Geologist - With nearly a decade of experience in mining and exploration in various commodities, Julian has a high focus on narrow vein gold within the Lachlan fold belt. He recently worked as a Project Geologist at Ballarat Goldfields and Woods Point Gold Mine.

Dennis Fernandez, Underground Shift Boss - An underground mining veteran of 34 years, including 14 years of airleg experience, Dennis bring a wealth of knowledge and experience in narrow vein underground gold mining.

Dennis holds underground supervisor tickets for both NSW and Western Australia and was most recently employed at Tritton Operations.

Mick Irwin, Safety and Training Superintendent - Mick started with Vertex Minerals in early January 2025 after more than 20 years in the underground coal mining industry. The Reward Gold Mine project has been a massive shift in his professional and personal life, which he and his family see as move to greater things. Mick is looking forward to the opportunity of working with Vertex to develop the Reward Underground Mine.

Casey Robinson Environmental Advisor - Casey graduated from the University of Wollongong in November 2024 with a Degree in Environmental Engineering, before Starting at Vertex as Environmental Advisor in December. He is looking forward to beginning his career in the mining industry with Vertex.

Executive Chairman, Roger Jackson, said:

"We have secured a further seven outstanding senior personnel to direct our mining operations. With decades of experience, they add to the growing, dynamic Vertex team. We are rapidly advancing our operational readiness to meet the challenges of commencing mining at the Reward Gold Mine.. We are delighted to welcome Alan, Tom, Casey, Dennis, Julian, Mick and Carl to the Vertex team, leveraging their strong skills and experience".



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

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