Corporate

Company Overview

Aston Bay (TSX.V: BAY) is exploring for large, high-grade, sediment-hosted copper and zinc deposits in Nunavut, a mining-friendly Canadian jurisdiction. Aston Bay is 100% owner of the 1,024,345-acres (414,537-hectares) Aston Bay Property located on western Somerset Island, Nunavut, which neighbours Teck’s profitable past-producing Polaris (Pb-Zn) Mine just 200km to the north. The Aston Bay property hosts the Storm Copper Project and the Seal Zinc Prospect, with historical drilling confirming the presence of sediment-hosted copper and zinc mineralization. The company is led by CEO Thomas Ullrich with exploration directed by Chief Geologist, Dr. David Broughton, the award-winning co-discoverer of Kamoa-Kakula and Flatreef. Aston Bay is listed on the TSX Venture Exchange under BAY.

 

Located in the Qikiqtani Region

The Aston Bay Property is located within the Qikiqtani Region of Nunavut. Qikiqtaaluk is the traditional Inuktitut name for Baffin Island. Home to 14,000 Inuit, The Qikiqtani (Baffin) Region includes 13 communities from Grise Fiord in the High Arctic to Sanikiluaq (Belcher Island) in the south and also hosts the Nunavut capital Iqaluit. Aston Bay’s exploration activities are operated from the nearby hamlet of Resolute (Qausuittuq).

History of Aston Bay Holdings Ltd.

2011 – 2013

November 2011

Aston Bay Ventures enters into an option agreement with Commander Resources Ltd., allowing Aston Bay Ventures to earn up to a 70% interest in the Aston Bay Property.

February 2012

Four Prospecting Permits acquired Summer 2012 – Field program to visit and sample all the showings and to sample previously unsampled core. Staking of 47 mineral claims.

October 2012

Aston Bay Ventures enters into a letter agreement with Escudo Capital Corporation, to acquire all shares of Aston Bay.

January 2013

Agreement with Teck Metals to license Teck’s historical technical database on the Aston Bay Property, which documents early exploration work and drilling from 1996 to 2001, for one million shares of Aston Bay Ventures.

March 2013

NI 43-101 Technical Report on the Exploration History and Current Status of the Storm Project released, as amended May 2013.

May 2013

Escudo Capital Corporation acquires Aston Bay Ventures in a Qualifying Transaction and changes its name to Aston Bay Holdings.

May 2013

Aston Bay Holdings begins trading under the symbol BAY on the TSX-V.

July 2013

Summer Field Program at Storm Copper and Seal Zinc prospects.

March 2014

Amended the royalty provision of its Letter of Agreement with Commander on the Storm Project.

 

June 2014

Binding Memorandum of Understanding signed with Antofagasta PLC.

 

July 2014

Summer field program at Storm Copper and Seal Zinc Prospects.

 

December 2014

Antofagasta PLC signs Earn-In Agreement with Aston Bay.

 

January 2015

Antofagasta terminates the Earn-in Agreement with Aston Bay.

 

February 2015

New prospecting permits acquired, increasing the land package to 319,760 acres.

 

Summer 2015

Sampling and gravity survey field program.

 

December 2015

Agreement with Commander Resources to consolidate 100% ownership of the AstonBay Property in a Property Purchase Agreement.

 

January 2016

Aston Bay signed a Letter of Intent with BHP Billiton Ltd.

 

February 2016

Thomas Ullrich joins the company as COO and Executive Vice President – Exploration.

 

February 2016

Granted six new prospecting permits, increasing the land package to 976,357 acres (395,118-hectare).

 

March 2016

Early Works Agreement signed with BHP Billiton.

 

May 2016

Definitive Option Agreement signed with BHP Billiton to advance the Storm Copper Project.

 

Summer 2016

Field season comprising 1,950m of drilling, relogging core, surface and soil sampling. Additional staking to increase land package to 1,024,345 acres (414,537 hectares).

 

November 2016

Thomas Ullrich is named CEO.

 

January 2017

BHP Billiton formally terminates the Option Agreement.

 

Spring 2017

Award-winning geologist Dr. David Broughton joins Aston Bay as Chief Geologist, Storm and Seal Projects.

 

July 2017

Field Exploration Program led by Chief Geologist Dr. Broughton

 

August-September 2017

Property-wide geophysical program flown with a Falcon Plus Airborne Gravity Gradiometry survey.

2014 – 2017