Vancouver, British Columbia (FSCwire) - Aston Bay Holdings Ltd. (TSX-V: BAY) (“Aston Bay” or the “Company”) is pleased to announce that Thomas Ullrich has been appointed Chief Executive Officer of the Company, effective November 28, 2016. Mr. Ullrich has been the Chief Operating Officer and Executive Vice President - Exploration since February 1, 2016. Prior to joining the Company, Mr. Ullrich had significant executive-level experience with both majors and juniors in the metals and mining industry.
“I am very pleased with the direction we have taken this Company and the Storm project’s very promising exploration potential to be a high-grade, large tonnage copper target in North America,” said Mr. Ullrich. “I am honored to take the lead to continue to advance the project with Aston Bay and its partners.”
Benjamin Cox will continue to take a strong executive role in formulating, planning and executing Aston Bay Holdings’ strategic direction for the foreseeable future as Executive Chairman. Mr. Cox founded the Company’s predecessor company, Aston Bay Ventures Ltd., in 2011. “Now that Aston Bay is focused on our ground-level exploration activities, I am very pleased to hand the management reins to Tom. I will continue to be closely involved in directing the Company’s strategy and leading the Board’s oversight,” said Mr. Cox.
Mr. Ullrich has over 20 years’ experience in mineral exploration and geoscience. He has been Chief Geologist North America for Antofagasta Minerals plc since 2011, investigating the region’s copper potential through extensive property evaluations and management of drill programs in Alaska and Canada. Prior to Antofagasta, he was Senior Geologist for Almaden Minerals, where he managed the drill program for the team’s discovery of the Ixtaca Ag-Au deposit in Mexico.
Aston Bay is also pleased to announce the results of its annual general meeting of shareholders held on November 14, 2016. At the meeting, shareholders approved all resolutions put before them by management, including the election of Jan-Erik Back, Clifford Boychuk, Benjamin Cox, Michael Dufresne, Ian McPherson and Thomas Ullrich as directors, the re-appointment of the incumbent auditor, and approval of Aston Bay’s previously adopted 10% rolling Stock Option Plan, as required annually by Exchange policies.
About Aston Bay Holdings
Aston Bay Holdings Ltd. (TSX-V: BAY) is a publicly traded mineral exploration company focused on the 976,066-acre (395,000 hectares) Aston Bay Property located on northwest Somerset Island, Nunavut. The Aston Bay Property hosts the Storm Copper project and has been optioned by BHP Billiton. Historical drilling has confirmed the presence of sediment-hosted copper and zinc mineralization on the property.
