Further assay results from the summer Reverse Circulation drilling program have returned thick intervals of near-surface, high-grade copper mineralization, including: Drill hole SR23-38 has intersected: 24.4m @ 1.1% Cu from 48.8m, including, 6.1m @ 2.8% Cu from 54.9m, including, 1.5m @ 8.3% Cu from 54.9m, and, 4.5m @ 1.5% Cu from 67.1m Drill hole SR23-41 has intersected: 12.2m @ 1.1% Cu from 118.9m, including, 3m @ 4% Cu [...]
The latest assay results for the Lightning Ridge Prospect and the 2200N Zone confirm thick, high-grade intersections of copper that further expand the footprint of near-surface copper mineralization at Storm. HIGHLIGHTS Lightning Ridge: Drill hole SR23-52 at Lightning Ridge has intersected: 15.2m @ 2.3% Cu from 30.5, including, 1.5m @ 4.5% Cu from 32m, and, 1.5m @ 4.5% Cu from 44.2m 15.2m @ 2.1% Cu from 77.7m, including [...]
Aston Bay Holdings Ltd. today announces the closing of its previously announced brokered private placement and concurrent non-brokered private placement for aggregate gross proceeds of approximately C$2.5 million. Under the terms of the LIFE Offering, the Company issued 28,847,375 units , at a price of C$0.08 per Unit, for aggregate gross proceeds of approximately C$2.31 million. Cantor Fitzgerald Canada Corporation acted [...]
Aston Bay Holdings Ltd. ; announces revised terms of its previously announced brokered private placement. The Company will now be offering up to 47,500,000 units of the Company at a price of C$0.08 per Unit , for aggregate gross proceeds of up to C$3.8 million . Each Unit will be comprised of one common share of the Company and one Common Share purchase warrant . Each Warrant will entitle the holder thereof to purchase [...]
VANCOUVER, BC, Sept. 26, 2023 /CNW/ - Trading resumes in: Company: Aston Bay Holdings Ltd. TSX-Venture Symbol: BAY All Issues: Yes Resumption : 10:30 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and [...]
VANCOUVER, BC, Sept. 26, 2023 /CNW/ - The following issues have been halted by CIRO Company: Aston Bay Holdings Ltd. TSX-Venture Symbol: BAY All Issues: Yes Reason: Pending News Halt Time : 9:22 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory [...]
Discovery of large sediment hosted copper system confirmed by diamond drilling: Assay results for diamond drill holes ST23-01, ST23-02 and ST23-03 indicate that all three holes have intersected sediment hosted copper beneath the near-surface copper deposits at Storm ST23-02 has intersected a 24 metre thick interval of copper sulfides at depth with copper values up to 2.7% Cu, indicating the potential of the deeper system [...]
Spring and Summer geophysical and drilling programs in 2023 have significantly advanced the Storm Project on several fronts: Sediment Hosted Copper Discovery Discovery of multiple regional scale sediment hosted copper systems, as evidenced by intersections of what appears to be stratiform chalcocite mineralization as predicted by both the geological and geophysical models - the discovery has similarities to the [...]
Aston Bay Holdings Ltd. is pleased to announce that it has entered into an agreement with Cantor Fitzgerald Canada Corporation , who has agreed to sell, on a commercially reasonable "best efforts" private placement basis, up to 26,315,789 units of the Company at a price of C$0.19 per Unit , for aggregate gross proceeds of up to C$5,000,000 . Each Unit will be comprised of one common share of the Company and one Common [...]
Another new discovery further expands the copper mineralization footprint at Storm: Exploration Reverse Circulation drill hole SR23-52 has intersected a total of 19m of strong visual copper sulfide mineralization in two zones from 32m downhole, delivering a new discovery in an underexplored area of the Project The discovery is interpreted to be fault related and is located between the high-grade 2750N and 2200N Zones [...]
Outstanding 100% drilling success rate continues with the sediment-hosted copper system confirmed in an untested area of the Storm Project ST23-04 has intersected a thick 18.5m zone of visual copper sulfide between 339m and 357.5m downhole, which correlates with the prospective sediment hosted copper horizon intersected in all diamond drill holes this season ST23-04 extends the apparent strike of the prospective copper [...]
Aston Bay Holdings Ltd. has recently announced significant exploration discoveries made at the Company's Storm Copper Project on Somerset Island, Nunavut, Canada by the Project operator American West Metals Limited . These advancements are deemed to be Material Information, as defined in the policy of the TSX Venture Exchange that pertains to the pricing of private placements. Due to this development, the ongoing [...]
