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Aston Bay Holdings Ltd V.BAY

Alternate Symbol(s):  ATBHF

Aston Bay Holdings Ltd. is a Canada-based mineral exploration company exploring high-grade copper and gold deposits in Virginia, United States, and Nunavut, Canada. The Company is exploring the high-grade Buckingham Gold Vein in central Virginia and is in advanced stages of negotiations on other lands with high-grade copper potential in the area. The Company is focused on its Blue Ridge Project in Virginia. The Nunavut Property is 100% owned by the Company and located 112 kilometers (km) south of the community of Resolute Bay, Nunavut on western Somerset Island. The Storm Copper Project is located on Somerset Island, Nunavut, approximately 20 km from tidewater at the Company. Its Seal Zinc deposit is located at the base of a small peninsula approximately 350 meters from tidewater at its on Somerset Island, Nunavut. Its Mountain Base Metals Project is located on 2,072 acres of private land with direct access to both highway and rail transportation.


TSXV:BAY - Post by User

Post by traps7on May 13, 2023 11:11am
119 Views
Post# 35446893

43-101 / JORC

43-101 / JORC

Canada established this 43-101 document because of numerous scandles led by false reporting of drill core.. from muliple companys over years..

BAY , AWM,. will be able to use these historic holes because they are in-fill drilling between the old core. There were a total of 67 historic drill holes drilled over the 4 zones and all hit copper.

The current drilling here at 4100 zone IN-FILLING  between the 17 historic holes so-far has seen 9 new holes sent out to the Lab..The area so-far here at 4100 zone has copper continuity over one kilometer by 400 meters and avg. over 33 m thick of 3 % copper per ton..

Back of napkin ####     3000 X 1200 = 3,600,000 SQ FEET

  3,600,000 X 100 = 360,000,000 CUBIC FEET 

  360,000,000 cubic ft div by 12 = 30,000,000 tons

  30,000,000 tons at 3 % copper.

..One Ton = 60 pounds of copper

30,000,000 tons  x 60 pounds = 1.8ep pounds

1.8ep div by 2000 pounds = 900,000 tons of copper 

 900,000 tns x $ 6,000 per tn = $ 5.4 Billion..

.The 4100N offers considerable room for expansion. The known mineralization in the zone extends over an area of at least 1,000m x 400m and is open to the north, east and west, with potential for deep extensions to the mineralization across a fault on the south side of the Zone. Seventeen holes have been drilled at spacings of 100m to 200m, and all have encountered copper mineralization. The mineralization drilled to date is extensive and lies at a predictable stratigraphic position, providing an opportunity for close-spaced drilling to define further significant mineralization.

Figure 3: Plan view of the 4100N Zone showing copper grade distribution within drilling, EM anomalies and faults overlaying regional geology. The 4100N Zone has drill hole copper intersections supported by untested EM anomalies over 1km of strike. Stated drill hole intersections are all core length, and true width is expected to be 60% to 95% of core length.

Historical drilling at the 4100N Zone includes intersections such as 15m @ 3.88% Cu from 72.4m downhole (ST99-47), and 4.8m @ 3.7% Cu from 20.3m and 5.8m @ 3.6% Cu from 38.6m downhole (ST99-53; all lengths are core length). The copper mineralization intersected to date is dominantly chalcocite, which occurs in steeply dipping veins and

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