- CEO explains that Aston Bay is in the business of adding value through discovery of high-grade critical metals and precious metals deposits
- ATBHF is working with partner to develop the Storm Copper Project, located in Canada
- Storm project is serving as a model as the company looks to discover, develop other projects
Aston Bay Holdings (TSX.V: BAY) (OTCQB: ATBHF) CEO Thomas Ullrich talked all things copper in a recent episode of the Bell2Bell podcast, which delivers informative updates and exclusive interviews with executives operating in fast-moving industries (https://ibn.fm/fwJak). During the interview, Ullrich and host Stuart Smith discussed key information about Aston Bay, a publicly traded Canadian minerals exploration company focused on exploring high-grade copper and gold deposits in North America.
Ullrich provided an overview of the company, noting that Aston Bay is in the business of adding value through discovery of high-grade critical metals and precious metals deposits. “We’re an exploration-stage company,” he explained. “Really what that means is that we want to get out there and make those first finds — really make the discovery — because we think that’s where you add the most value over the shortest time for our shareholders.”
During the interview, Ullrich also talked about the company’s team of advisors and directors and their unique expertise in the exploration-stage space. As the only full-time employee, Ullrich has been involved in geoscience since the early 1990s, working in everything from big mining companies to universities, as well as the junior exploration space. “[That’s] where I am now and where I prefer to be,” he said. “I think this is the most exciting place to be. There’s nothing more exciting than making a discovery.”
Ullrich also noted “a fantastic group of advisors and directors,” including Jessie Liu-Ernsting, who has capital markets knowhow and decades of experience in the business; Jeff Wilson, the CEO of Precipitate Gold; Mark Pryor, the current vice president of exploration for the Electrum Group; and Gary O’Connor, an extremely experienced geologist with expertise in the capital markets.
In addition, Ullrich discussed in depth the company’s primary project, the Storm Copper Project located in Canada, which Aston Bay is advancing with its partner, America West. Ullrich explained that the project is developing on two fronts. First, the company is taking zones of high-grade copper and advancing them toward the mine stage.
“But the Storm story is not just a development story,” Ullrich continued. “We also have what we think is significant potential to be hiding some potentially large mineralization in the subsurface. . . . We think that all this mineralization that we’re seeing at the surface, that we’re taking towards mine, is really just an indication of what can be hidden at depth, so the second big story for us at Storm is that potential for additional discoveries at depth.”
Ullrich went on to note that the Storm project is serving as a model as the company looks toward other projects, including the Epworth project, a copper-deposit project that is also located in Nunavut.
“We want to apply the knowledge we’ve gained at Storm, both technically and business knowledge . . . and look at this one as Storm version 2 and see if we can develop this in the same way,” he noted. “Add another success to our portfolio here. And really that’s what we want to continue doing going forward with our projects throughout North America.”
Aston Bay is a publicly traded mineral exploration company exploring for high-grade copper and gold deposits in Virginia and Nunavut, Canada. The company is led by CEO Thomas Ullrich, with exploration in Virginia directed by company advisor Don Taylor, the 2018 Thayer Lindsley Award winner for his discovery of the Taylor Pb-Zn-Ag Deposit in Arizona. Aston Bay is currently exploring the high-grade Buckingham Gold Vein 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 wholly owned subsidiary Tornado Metals Ltd., have agreed to form a 20/80 unincorporated joint venture and enter into a joint-venture agreement in respect to the Storm Project property, which hosts the Storm Copper Project and the Seal Zinc Deposit.
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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