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Aston Bay and American West Metals Announce Major Copper Discovery at the Storm Copper Project, Canada

May 24, 2023

Aston Bay Holdings Ltd. (TSXV:BAY) (OTCQB:ATBHF) ("Aston Bay" or the "Company") reports significant new drill results from the spring reverse circulation (RC) drilling program at the Storm Copper Project ("Storm" or the "Project") on Somerset Island, Nunavut, Canada. The program was conducted this April and May by American West Metals Limited ("American West"), who are the project operator since entering an option agreement with Aston Bay in March 2021

"We continue to receive impressive results from the RC program conducted at Storm by our partners America West Metals," stated Thomas Ullrich, CEO of Aston Bay. "The high grades, up to 8% copper in these results and higher elsewhere at Storm, speaks to the quality of the mineralized system, while its apparent continuity and consistency demonstrates a significant increase in the known near-surface high-grade mineralization.

News Provided by ACCESSWIRE via QuoteMedia

Additional thick and high-grade near-surface copper intervals intersected at the 4100N Zone with numerous intervals over 5% Cu and a peak value of 8% CuDrill hole SR23-13 has intersected:29m @ 1.2% Cu from 62.5m, including,3m @ 5% Cu from 86.9m, including,1.5m @ 8.2% Cu from 86.9mDrill hole SR23-14 has intersected:25.9m @ 1.3% Cu from 61m, including,9.1m @ 2.1% Cu from 76.2m, including,3m @ 3.7% Cu from 82.3mDrill hole SR23-07 has intersected:10.7m @ 1.3% Cu from 76.2m, including,4.6m @ 2.9% Cu from 76.2m, including,1.5m @ 6.5% Cu from 76.2mDrill hole SR23-09 has intersected:10.6m @ 1% Cu from 67.1m, including,4.6m @ 2% Cu from 71.6mCopper mineralization remains open laterally in all directionsThese results continue to expand the volume of the near-surface mineralization and provide further support for the exploration potential of the large gravity anomaly located below the 4100N Zone