Producing building supplies from Whim Creek waste rock

Preliminary information from property-wide MobileMT geophysical survey outcomes acquired and present process extra processing

Interpretation and compilation with floor mapping research are underway for a January 2025 launch

Storm Venture:

• 22,475 metres (“m”) of drilling accomplished in 153 drill holes

• Work is almost full for the maiden useful resource constructed to Canadian Institute of Mining requirements for a January 2025 launch

• Work continues with companion American West to advance mining and financial research for a possible low-cost improvement.

TORONTO, ON / ACCESSWIRE / December 16, 2024 / Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF) (“Aston Bay” or the “Firm”) is happy to supply an replace on its Epworth Venture (“Epworth”) and the 2024 drilling and regional exploration actions on the Storm Copper Venture (“Storm”) in Nunavut.

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

“It has been a profitable 12 months of exploration at each our Storm and Epworth Initiatives in Nunavut.

“At Storm, 22,475m of drilling was accomplished, exceeding expectations. Assay outcomes demonstrated constant copper grades, highlighting the superb lateral continuity of the high-grade mineralization throughout the identified zones and defining new discoveries and potential areas. Work is nicely superior on the maiden useful resource for Storm and the event research work. Reviews on each fronts are anticipated in early 2025.

“At Epworth, we’re impressed with the preliminary have a look at the property-wide MobileMT geophysical survey outcomes and rock and lake sediment survey outcomes. We’re processing the geophysical outcomes additional and stay up for presenting a complete compilation with the mapping and sampling leads to January.”

Epworth Venture

A prospecting, rock sampling, and geological mapping program was performed in 2024, together with structural and stratigraphic research by Dr. Elizabeth Turner. 9 claims totalling an extra 11,900 hectares (“ha”) (119 sq. kilometres (“km²“)) had been added to the claims package deal, now totalling 89,000 ha (890 km2)

An 8,105 line-km airborne MobileMT survey overlaying the declare block commenced in late August and was accomplished in late September. Compilation of the assay outcomes and extra geophysical information processing are underway. When all outcomes are acquired, they are going to be built-in with historic work and launched with a brand new interpretation within the New 12 months.

Storm Venture

A complete of twenty-two,475m of drilling was performed in 153 drill holes (19,879m in 138 Reverse Circulation (“RC”) holes and a pair of,596m in 15 diamond drill holes) in the course of the 2024 season. Assay outcomes demonstrated constant copper grades, highlighting the superb lateral continuity of the high-grade mineralization throughout the identified zones and defining new discoveries and potential areas. Work is nicely superior on a maiden useful resource constructed to Canadian Institute of Mining requirements for a January 2025 launch.

Along with the drill gap outcomes beforehand launched, a number of scout holes had been drilled to help in decoding the geologic framework within the Storm space. Outcomes from these drill holes, the ultimate outcomes of the 2024 program, are introduced under.

Determine 1: Reverse Circulation (RC) drilling underway within the Storm space, Nunavut, Canada.

Stratigraphic and Reconnaissance Drilling

RC drill holes SR24-028, SR24-029, SR24-046, SR24-048, SR24-050, SR24-056, SR24-058, SR24-060, SR24-064, SR24-066, SR24-094, SR24-096, SR24-104, SR24-110, SR24-136 had been accomplished throughout the Storm space in the course of the 2024 drilling program (Determine 2). The drill holes had been designed to help with decoding the stratigraphy and geological framework in a number of key areas. The drill holes had been additionally used to assist validate and assess the effectiveness of the geophysical surveys within the Storm space.

Drill holes SR24-046, SR24-050, SR24-060, and SR24-136 intersected minor, vein-hosted copper sulphides (Desk 2).

The info from the drill holes has improved the geological understanding of the Storm Graben space and helped refine the geological mannequin for the up to date Mineral Useful resource Estimate (MRE) of the Storm Venture.

Determine 2: Reverse Circulation (RC) drill gap areas coated on this report, overlaying copper deposit outlines, main faults, and topography.

Squall Drilling

RC drill holes SR24-108 and SR24-135 had been additionally accomplished on the newly found Squall Prospect.

The holes had been designed to check high-priority EM anomaly A3, which is seen within the information from each the 200m and 400m loop EM surveys (Determine 3). The coincident information recommended that the goal could also be positioned at a depth which crossed the designed detection ranges of the 2 surveys.

Drill gap SR24-108 achieved the utmost achievable depth of 182.9m downhole, restricted by out there drill rods. The drill gap is interpreted to have hit the japanese fringe of the EM anomaly and intersected breccias and vein-hosted chalcocite assaying 2.4% Cu, 5g/t Ag within the final sampling interval of the opening (181.4 – 182.9m).

Observe-up drill gap SR24-135 was drilled to the east of SR24-108 and intersected 1.5m @ 0.5% Cu, 3g/t Ag from 163.07m downhole.

The EM anomaly and copper mineralization is interpreted to be associated to a north-south oriented construction centred on drill gap SR24-108. This characteristic stays open, and future drilling will take a look at the prospect to the north and south of the present drilling.

Determine 3: 400m loop MLEM picture (CH20BZ) overlaying drilling and the geological and structural interpretation of the Storm space. The MLEM anomalies mentioned on this report are labelled A1- A5.

Replace on beforehand launched drilling

The primary drill gap of the 2024 season, SR24-001, was drilled roughly 500m north of the Cyclone Deposit and was designed to check a Fastened Loop Electromagnetic (FLEM) goal outlined throughout exploration in 2022. The interpretation of the FLEM information recommended that the supply of the anomaly may very well be positioned at depth however was weakly outlined.

SR24-001 was drilled to a most achievable depth of 251.5m (restrict of RC drill rods), encountering no copper sulphides or different lithologies that would verify or clarify the supply of FLEM anomaly. The drill gap encountered weak pyrite (iron sulphides) mineralization at 125m and minor clay layers, however they weren’t in enough abundance to clarify the EM response.

The 2024 Shifting Loop EM (MLEM) survey was prolonged into the world to validate the FLEM anomaly however didn’t didn’t spotlight any important anomalies. The MLEM survey was optimized to seek for conductive our bodies between 0-250m depth, suggesting that the FLEM anomaly could also be positioned at a deeper stage.

Exploration drill gap SR24-005 was drilled to 251.5m and was designed to check an Induced Polarisation (IP) anomaly and stratigraphic part throughout the central graben space of Storm.

SR24-005 encountered a thick sequence of pyrite mineralization between 58m and 204m and is the doubtless supply of IP anomalism on this space. The drill gap didn’t intersect the potential copper horizon, which is interpreted to be under the extent of the drill gap and deeper than 250m in vertical depth.

Desk 1: Particulars for the 2024 drill holes on this report.

Desk 2: Important interval desk for the drill holes on this report (>0.2% Cu). For the 2024 exploration drill holes the place no copper sulphides had been intersected (none detected visually and confirmed with moveable XRF), no assay analyses had been performed. (NSI = No Important Interval.)

Particulars of the delineation drilling and exploration drill holes for the 2024 Storm program can be found at https://astonbayholdings.com/information/2024-storm-drill-hole-details/.

Certified Particular person

Michael Dufresne, M.Sc., P.Geol., P.Geo., is a professional individual as outlined by Nationwide Instrument 43-101 and has reviewed and authorized the scientific and technical info on this press launch.

QA/QC Protocols

The analytical work reported herein was carried out by ALS World (“ALS”), Vancouver, Canada. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory and is impartial of Aston Bay Holdings Ltd., American West Metals Restricted, and the QP.

Samples had been topic to 33-element geochemistry by four-acid digestion and inductively coupled plasma atomic emission spectroscopy (ICP-AES) to find out concentrations of copper, silver, lead, zinc, and different components (ALS Methodology ME-ICP61a).

Aston Bay Holdings Ltd. and American West Metals Restricted adopted business commonplace procedures for the work carried out on the Storm Venture, incorporating a high quality assurance/high quality management (QA/QC) program. Clean, duplicate, and commonplace samples had been inserted into the pattern sequence and despatched to the laboratory for evaluation. No important QA/QC points had been detected in the course of the evaluate of the info. Aston Bay Holdings Ltd. and American West Metals Restricted will not be conscious of any drilling, sampling, restoration, or different elements that would materially have an effect on the accuracy or reliability of the info referred to herein.

*Acknowledged drill gap intersections are all core size and true width is anticipated to be 60% to 100% of core size.

Settlement with Epstein Analysis

The Firm has entered into an commercial companies settlement with Peter Epstein (“Epstein Analysis”) to extend investor engagement and create extra consciousness for the Firm, beginning on October 1, 2024. Epstein Analysis’s engagement is for an preliminary time period of six (6) months and is topic to renewal or cancellation in accordance with its phrases (the “Time period”). Epstein Analysis operates from New York, New York, and gives promotional companies, together with social media and internet marketing of the Firm posted on Epstein Analysis homepage, CEO.ca, Substack, and Linked-In; month-to-month written articles on the Firm and/or CEO interviews written completely by Peter Epstein; and frequent on-line commentary on the Firm on web sites together with CEO.ca, Stockhouse, TalkMarkets, LinkedIn, Twitter/X, Yahoo Finance, Fb, StockTwits.

The Firm has paid Epstein Analysis an quantity of US$15,000 for the Time period for these companies. There are not any frequent shares or choices to be acquired as compensation within the service settlement. As well as, Epstein Analysis is an unrelated and unaffiliated entity in respect of the Company and, on the time of the settlement, Mr. Epstein owns securities of the Firm bought on the open market.

About Aston Bay Holdings

Aston Bay is a publicly traded mineral exploration firm exploring for high-grade essential and treasured steel deposits in Nunavut, Canada and Virginia, USA.

The Firm is presently exploring the Storm Copper Property and Cu-Ag-Zn-Co Epworth Property in Nunavut, in addition to the high-grade Buckingham Gold Vein in central Virginia. The Firm can also be in superior levels of negotiation on different lands with high-grade essential metals potential in North America

The Firm and its three way partnership companions, American West Metals Restricted and its wholly-owned subsidiary, Twister Metals Ltd. (collectively, “American West”), have shaped a 20/80 unincorporated three way partnership in respect of the Storm Venture property, which hosts the Storm Copper Venture and the Seal Zinc Deposit. Below the unincorporated three way partnership, Aston Bay shall have a free carried curiosity till American West has decided to mine upon completion of a bankable feasibility research, which means American West will probably be solely chargeable for funding the three way partnership till such resolution is made. After such resolution is made, Aston Bay will probably be diluted within the occasion it doesn’t elect to contribute its proportionate share and its curiosity within the Storm Venture property will probably be transformed right into a 2% web smelter returns royalty if its curiosity is diluted to under 10%.

FORWARD-LOOKING STATEMENTS

Statements made on this information launch, together with these concerning getting into into the three way partnership and every get together’s curiosity within the Venture pursuant to the settlement in respect of the three way partnership, administration goals, forecasts, estimates, expectations, or predictions of the long run might represent “forward-looking assertion”, which will be recognized by means of conditional or future tenses or by means of such verbs as “consider”, “count on”, “might”, “will”, “ought to”, “estimate”, “anticipate”, “challenge”, “plan”, and phrases of comparable import, together with variations thereof and destructive varieties. This press launch accommodates forward-looking statements that replicate, as of the date of this press launch, Aston Bay’s expectations, estimates and projections about its operations, the mining business and the financial setting during which it operates. Statements on this press launch that aren’t supported by historic reality are forward-looking statements, which means they contain threat, uncertainty and different elements that would trigger precise outcomes to vary materially from these expressed or implied by such forward-looking statements. Though Aston Bay believes that the assumptions inherent within the forward-looking statements are affordable, undue reliance shouldn’t be positioned on these statements, which apply solely on the time of writing of this press launch. Aston Bay disclaims any intention or obligation to replace or revise any forward-looking assertion, whether or not on account of new info, future occasions or in any other case, besides to the extent required by securities laws.

Neither TSX Enterprise Alternate nor its regulation companies supplier (as that time period is outlined in insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this information launch.

For extra info contact:

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

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

SOURCE:Aston Bay Holdings Ltd.

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