Aston Bay Holdings Ltd. Announces Option Agreement for Epworth Property in Nunavut

On February 29, 2024, Aston Bay Holdings Ltd. (TSX-V: BAY) (OTCQB: ATBHF), a mineral exploration company, secured an option to acquire an 80% interest in the Epworth sediment hosted copper-silver-zinc-cobalt project in Nunavut, Canada. This move, facilitated through an agreement with Emerald Geological Services ("EGS"), positions the company to extend its exploration capabilities into a 74-kilometer long trend of mineralization reminiscent of the Central African Copper Belt and its own Storm Copper Project.

The property, promising substantial mineral yields with samples showing up to 61.2% copper and 5600 g/t silver, underpins Aston Bay's plan to invest $3 million over four years, aiming to capitalize on confirmed and potential polymetallic trends. Notably, this project, located southeast of Kugluktuk in the Kitikmeot Region, expands Aston Bay’s footprint in an underexplored area, enabling it to leverage prior exploration experience towards new discoveries.

With a history of exploration dating back to the 1940s but limited modern investigation, the Epworth Project offers a ripe opportunity for leveraging advances in geophysical survey methods and drilling techniques. Aston Bay's commitment includes immediate exploration expenditures and a collaborative approach with EGS, underlining a strategy focused on uncovering significant base metal deposits in a historically rich but under-tapped region.