Aston 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-acre (414,537-hectare) 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, award-winning co-discover 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
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.
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.
Aston Bay Ventures enters into a letter agreement with Escudo Capital Corporation, to acquire all shares of Aston Bay.
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.
NI 43-101 Technical Report on the Exploration History and Current Status of the Storm Project released, as amended May 2013.
Escudo Capital Corporation acquires Aston Bay Ventures in a Qualifying Transaction and changes its name to Aston Bay Holdings.
Aston Bay Holdings begins trading under the symbol BAY on the TSX-V.
Summer Field Program at Storm Copper and Seal Zinc prospects.
Amended the royalty provision of its Letter of Agreement with Commander on the Storm Project.
Binding Memorandum of Understanding signed with Antofagasta PLC.
Summer field program at Storm Copper and Seal Zinc Prospects.
Antofagasta PLC signs Earn-In Agreement with Aston Bay.
Antofagasta terminates the Earn-in Agreement with Aston Bay.
New prospecting permits acquired, increasing the land package to 319,760 acres.
Sampling and gravity survey field program.
Agreement with Commander Resources to consolidate 100% ownership of the AstonBay Property in a Property Purchase Agreement.
Aston Bay signed a Letter of Intent with BHP Billiton Ltd.
Thomas Ullrich joins the company as COO and Executive Vice President – Exploration.
Granted six new prospecting permits, increasing the land package to 976,357 acres (395,118-hectare).
Early Works Agreement signed with BHP Billiton.
Definitive Option Agreement signed with BHP Billiton to advance the Storm Copper Project.
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).
Thomas Ullrich is named CEO.
BHP Billiton formally terminates the Option Agreement.
Award-winning geologist Dr. David Broughton joins Aston Bay as Chief Geologist, Storm and Seal Projects.
Field Exploration Program led by Chief Geologist Dr. Broughton
Property-wide geophysical program flown with a Falcon Plus Airborne Gravity Gradiometry survey.