Aston Bay (TSX.V: BAY) (OTCQB: ATBHF), a publicly traded mineral company exploring for high-grade copper and gold deposits in Canada’s Nunavut territory, is proud to be part of Canada’s mining industry, a major sector responsible for 22% of Canada’s total domestic exports and contributing $125 billion to the national GDP. “The company is focused on exploring for gold and copper in North America, specifically in Nunavut, where it has partnered with Australian explorer American West Metals at the high-grade Storm Copper Project. Aston Bay has no required expenditures in the partnership, which is aggressively advancing the high-grade sediment-hosted copper mineralization toward development and further discovery,” a recent article reads. “The drills are turning at the property right now, with geophysics underway to find the next discovery on the approximately 219,257 hectares property on Somerset Island, Nunavut, Canada, which is located roughly 200 kilometers south of Tech’s profitable, past-producing Polaris mine.”
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About Aston Bay Holdings Ltd.
Aston Bay is a publicly traded mineral exploration company exploring for high-grade copper and gold deposits in Virginia, USA, and Nunavut, Canada. The company is led by CEO Thomas Ullrich with exploration in Virginia directed by the company’s advisor, Don Taylor, the 2018 Thayer Lindsley Award winner for his discovery of the Taylor Pb-Zn-Ag Deposit in Arizona. The company is currently exploring the high-grade Buckingham Gold Vein in central Virginia and is in advanced stages of negotiation on other lands with high-grade copper potential in the area. The company and its joint venture partners, American West Metals Limited and its wholly-owned subsidiary, Tornado Metals Ltd. (collectively, “American West”) have agreed to form a 20/80 unincorporated joint venture and enter into a joint venture agreement in respect of the Storm Project property, which hosts the Storm Copper Project and the Seal Zinc Deposit. Under such agreement, 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%.
NOTE TO INVESTORS: The latest news and updates relating to ATBHF are available in the company’s newsroom at https://ibn.fm/ATBHF
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