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BHP funds C$4 million exploration program at Storm copper project

 

Last updated 7/3/2016 at Noon



Aston Bay Holdings Ltd. June 28 said a C$4 million exploration program at its Storm copper project is set to begin in early July.

The program includes roughly 2,000 meters of drilling; re-logging of existing core mapping; soil sampling; and prospecting.

"As the operator of the project, Aston Bay is excited to test high-priority targets while advancing additional targets for future drill programs," said Thomas Ullrich, executive vice president, exploration, Aston Bay.

Under the terms of an option agreement finalized in May, BHP Billiton Ltd. can earn a 75 percent interest in Storm by spending a minimum of C$40 million on exploration of the property over a period up to nine years.

This year's program is to be included in the earn-in.

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Shane Lasley, Publisher

Over his more than 13 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.

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