Aston Bay (TSX.V: BAY, OTCQB: ATBHF) is exploring and advancing copper and precious metals in Northern, Canada.
The Company is currently exploring the Storm Copper Property and Cu-Ag-Zn-Co Epworth Property in Nunavut. The Company is also in advanced stages of negotiation on other lands with high-grade precious and 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%.
1. Epworth Project: Central African Copperbelt Potentail
Large MobileMT Targets:
Kilometre-scale near surface conductors
“Congo-style” Copper Potential:
Potential to host stratigraphic-hosted mineralization
High-grade at surface:
up to 61.2% Cu and
5,600 g/t Ag, plus Au, Co, V, Zn
2. Storm Copper Project: High-Grade, Near Surface Copper Discovery
Initial Resource:
8.2 Mt @ 1.47% Cu (Indicated)
3.3 Mt @ 1.30% Cu (Inferred)
Over 90% of copper is near the surface (<120 m depth)
Strong metallurgy for efficient processing and recovery
“Congo-style” copper potential
3. Strategic Partnerships: American West Metals and Ocean Partners
Aston Bay is free carried to bankable feasibility at Storm
80% of initial development cost for Storm funded
4. Near-Term Catalysts for Share Price Growth
Expanded resource at Storm
Exploration discovery potential at Storm and Epworth
Preliminary Economic Assessment (PEA) for Storm – Define project economics and potential profitability