Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) today announced that on April 23, 2024, it entered into a definitive agreement with Emerald Geological Services (“EGS”) pursuant to which it has been granted an option to acquire an undivided 80% beneficial interest in a property owned by EGS in Nunavut, Canada. In addition, the company announced the appointment of Dr. Elizabeth Turner to its technical advisory board. “We are pleased to sign the definitive agreement for the Epworth Property,” said Thomas Ullrich, CEO of Aston Bay, “and we are very excited to have Dr. Elizabeth Turner join our technical advisory board. Dr. Turner has extensive knowledge earned walking the ground in over three decades of fieldwork in northern Canada and more recently in central Africa. As well, her academic focus on the controls on sedimentary-rock-hosted mineralization makes her a formidable source of knowledge to add to our accomplished group of technical advisors and associates.”
To view the full press release, visit https://ibn.fm/iCRyg
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 Storm Project property and Epworth property in Nunavut, as well as the high-grade Buckingham Gold Vein and critical metals prospects 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%. Further details are available on 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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