- The company has released a fact sheet outlining progress on its high-grade copper and gold deposits in the state of Virginia and in Nunavut, Canada
- U.S Global Investors reports that gold and copper are “pivotal players” in the global financial market
- With rising demand as the backdrop, the progress that Aston Bay is reporting at its Canadian and U.S. projects is particularly promising
With gold and copper trending upward, Aston Bay Holdings (TSX.V: BAY) (OTCQB: ATBHF), a publicly traded mineral exploration company, is strengthening its position in both sectors. The company recently released a fact sheet (https://ibn.fm/IKzqR), titled “Discovering High-Grade Copper and Gold in North America,” outlining progress on its high-grade copper and gold deposits in the state of Virginia and in Nunavut, Canada.
“Geopolitical tensions have escalated, influencing global financial markets, and two commodities in particular have emerged as pivotal players: gold and copper,” reported U.S. Global Investors CEO and chief investment officer Frank Holmes in a recent Investors Alert (https://ibn.fm/om0hP). “These metals are not merely survivors of market volatility but are thriving, charting a course that I believe savvy investors would be wise to monitor. . . . Gold has long been considered a store of value in turbulent times, and now is no exception. Prices are near all-time highs, reflecting its enduring appeal during periods of uncertainty. . . .
“While gold secures its position as a safe haven, copper is making headlines for different reasons,” the report continued. “Often referred to as ‘Dr. Copper’ for its ability to predict economic trends due to its widespread industrial applications, copper has also seen a significant price increase in recent days. The industrial metal climbed to a two-year high, supported by strong global economic activity, particularly surging demand driven by energy transition technologies like electric vehicles, wind and solar.”
With rising demand as the backdrop, the progress that Aston Bay is reporting at its Canadian and U.S. projects is particularly promising. In Canada, Aston Bay’s high-grade Nunavut-based Storm Copper project is being rapidly advanced toward development in an 80/20 joint venture with American West Metals. With American West Metals providing the funds, Aston Bay has no required expenditures and is reporting two pathways to growth at the property: development of high-grade copper at surface and a significant discovery of “Congo-style” sediment that hosts copper mineralization.
In addition, the Storm Copper Project has provided a business model that Aston Bay intends to follow in its second Canadian property, the Epworth Project. The company is exploring this project for its next win. Initial testing shows a 74-kilometer-plus trend of sediment that hosts copper, silver, zinc and cobalt mineralization with chalcocite boulders at surface yielding notable levels of copper and gold in select grab samples.
In the United States, Aston Bay is reporting on two projects, the Cu-Zn SEDEX Belt and the Buckingham Gold Vein Discovery. According to the fact sheet, Cu-Zn SEDEX mineralization and large size have been confirmed at the first property, with negotiations moving forward for additional SEDEX properties as the company reported that “the hunt is on for size and grade.” At Buckingham, the company noted a high-grade, steeply dipping orogenic-style gold vein with soil sampling underway and drilling planned for later this year.
Aston Bay Holdings believes in responsible exploration and carries out its work programs to the highest standards of social responsibility, environmental stewardship and health and safety. The company cares about leaving a net-positive impact on the communities in which it works and engages with local representatives, Indigenous groups and government agencies to build respectful relationships through dialogue and collaborative processes. Depending on the stage of exploration, these efforts may include employment, contracting, training, community benefits and other agreements.
Aston Bay conducts exploration through safe, socially and environmentally responsible and sustainable work practices. The company embeds core values of health and safety throughout its operations by adhering to strict health and safety standards and practices that meet and/or exceed industry standards and government codes and regulations.
For more information, visit the company’s website at https://AstonBayHoldings.com.
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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