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September 11, 2014 --- Vol. 08, No. 37September 2014

Nunavut

COPPER – Aston Bay Holdings Ltd. Sept. 10 reported that it has completed a joint summer exploration program at its 139,633-hectare (345,033 acres) Storm Project located on northwest Somerset Island, Nunavut, in conjunction with a wholly-owned subsidiary of Antofagasta plc. Outcomes from the program include new discoveries of copper-bearing frost heaved subcrop and float that increase the distance over which copper mineralization has been found at surface on the project. “We are very pleased to have had Antofagasta contribute technically to this year’s exploration program. The discoveries made are very exciting,” said Aston Bay CEO Benjamin Cox. “The presence of copper-bearing subcrop and float in new areas re-affirms our belief that mineralization on the property may be more extensive than what has been defined to date by drilling.” The joint exploration program was conducted over a three-week period by technical professionals from Aston Bay, Antofagasta and consulting company APEX Geoscience Ltd. Work completed at Storm included geological mapping in the vicinity of the known mineralization as well as prospecting and soil sampling in areas where little or no mineralization had been previously identified. The strike length of surface mineralization was increased to 30 kilometers (18.6 miles) from the seven kilometers (4.3 miles) previously identified. Targeting for the prospecting and soil sampling was driven by results from the Versatile Time Domain Electromagnetic survey conducted in 2011 and previous soil sampling programs. Copper-bearing minerals, including malachite and chalcocite, were discovered in frost heaved subcrop and float in several areas where no previous drilling or surface sampling had been conducted. Samples of the copper-bearing material were collected for assay and results will be released once obtained. The completion of the 2014 summer field program was an important milestone in progressing towards a proposed definitive agreement with Antofagasta, which the parties have agreed to complete by Dec. 1.


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