on Aston Bay Holdings Ltd (NASDAQ:ATBHF)
Aston Bay and American West Metals Confirm Direct Shipping Product Potential at the Storm Project
Aston Bay Holdings Ltd, along with American West Metals, has announced the successful creation of potential commercial grade Direct Shipping Products (DSPs) from the Storm Copper Project in Nunavut, Canada. This follows detailed metallurgical studies on the Cyclone and Chinook Deposits.
Test results showcased a 16-22% copper concentrate from feed grades of 1.2% to 1.5% Cu at both deposits. The ore sorting and Inline Pressure Jig (IPJ) processes were found to be effective in minimizing environmental impact while ensuring high yield rates.
Further studies on deposit variability, comminution, and optimization are planned. Additionally, ongoing drilling efforts aim to prepare a maiden mineral resource estimate to CIM standards by Q4 2024.
The joint venture between Aston Bay and American West ensures Aston Bay maintains a free carried interest until a mining decision is made post-feasibility study.
R. E.
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