BHP gets out of Storm; Aston Bay looks ahead

Aston Bay Holdings Ltd. Jan. 20 announced that BHP Billiton Ltd. intends to terminate its option for the Storm copper project in Nunavut.

The option agreement, which was finalized in May of last year, would have provided C$40 million toward exploration at Storm, which blankets mineralized showings along a more than 100-kilometer-stretch (60 miles) of Somerset Island.

In July, Aston Bay launched a...