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Aston Bay Holdings Ltd. (ATBHF) is a mineral exploration company focused on high-grade copper and gold deposits in Virginia, USA, and Nunavut, Canada. Led by CEO Thomas Ullrich, the company explores properties like Storm Project and Epworth in Nunavut and Buckingham Gold Vein in Virginia. With the potential for rapid expansion and significant mineralization, Aston Bay collaborates with American West Metals Limited on developing projects. Stay updated on their exploration success and financial growth.
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Aston Bay Holdings Ltd. reports a significant new visual copper sulfide mineralization intercept from the fourth diamond drill hole at the Storm Copper Project on Somerset Island, Nunavut, Canada. The drill hole confirmed the presence of copper mineralization and fluid movement within the Southern Graben Fault, providing evidence of a regional-scale copper sulfide system. The drill hole also intersected an 18.5m thick zone of sediment-hosted copper mineralization, extending the prospective copper horizon by 2km to the west. The presence of a large Fixed Loop Electromagnetic (FLEM) conductor south of the drill hole indicates potential for further strong copper mineralization in the area. Assay results are pending and expected within the next two weeks.
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Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF) reports significant copper sulfide mineralization intercepts from the initial two diamond drill holes testing a blind gravity target at the Storm Copper Project. The discovery drill holes show similarities to major sediment-hosted copper systems, including the deposits of the Kalahari Copper Belt and Central African Copper Belt. The diamond drill holes are located 680m apart, suggesting the potential identification of a large copper deposit. Diamond drilling continues on high-priority copper targets with first assays expected in the next 4 weeks.
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Aston Bay Holdings Ltd. has been granted an extension by the TSX Venture Exchange to complete a non-brokered private placement of up to $2,000,000 by August 15, 2023. The company also plans to consolidate its common shares in connection with the offering.
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Aston Bay Holdings reports significant new drill results from the spring drilling program at the Storm Copper Project. The results show additional thick and high-grade near-surface copper intervals, with numerous intervals over 5% Cu and a peak value of 8% Cu. The mineralization remains open laterally in all directions, expanding the volume of near-surface mineralization and supporting the exploration potential of the project.
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Aston Bay Holdings Ltd. plans to conduct a non-brokered private placement for up to $2,000,000. The company also plans to consolidate its common shares on a 1:4 basis. The proceeds will be used for exploration projects and general working capital purposes.
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FAQ
What is the current stock price of ASTON BAY HODGS ORD (ATBHF)?
The current stock price of ASTON BAY HODGS ORD (ATBHF) is $0.0382 as of December 26, 2024.
What is the market cap of ASTON BAY HODGS ORD (ATBHF)?
The market cap of ASTON BAY HODGS ORD (ATBHF) is approximately 12.7M.
What does Aston Bay Holdings Ltd. focus on?
Aston Bay focuses on high-grade copper and gold deposits in Virginia, USA, and Nunavut, Canada.
Who leads Aston Bay Holdings Ltd.?
CEO Thomas Ullrich leads Aston Bay in their mineral exploration efforts.
What properties does Aston Bay Holdings Ltd. explore?
Aston Bay explores properties like Storm Project and Epworth in Nunavut and Buckingham Gold Vein in Virginia.
Who does Aston Bay Holdings Ltd. collaborate with?
Aston Bay collaborates with American West Metals Limited on developing projects.
What can investors expect from Aston Bay Holdings Ltd.?
Investors can expect updates on exploration success, financial growth, and potential mineral deposits from Aston Bay Holdings Ltd.
ASTON BAY HODGS LTD ORD
OTC:ATBHF
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12.71M
234.61M
6.33%
2.34%
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