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Bullboard - Stock Discussion Forum 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... see more

TSXV:BAY - Post Discussion

Aston Bay Holdings Ltd > Historic drill hole intercepts 2750
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Post by traps7 on Apr 06, 2023 10:56am

Historic drill hole intercepts 2750

just to re-cap here , the 9 drill holes from last summer seen here , looking at Legend , notice the black dots are old core collars and last summers. The Blue dots are the planned new drill locations and notice here the blue dots are in[between the blackdots.

The new driling is called in-fill drilling which proves up the continuity between the holes at a shorter distance . The shorter distace between holes over a larger distance would be called a indicated reserve in my opinion..

Notice also on slide in Legend box, the colour purple designates copper % over 2 % which we see here on image the 2750 zone appears purple through-out which we know all previous core was all over 2%.. The 2750 area seen here on image over laps a checker board meaning each drill hole would fit onto a square on the board. Now add a number on each square and your on tour way to making a 43-101  


Figure 3: Plan view of the 2750N and 2200N Zones showing copper mineralization footprint defined by drilling and EM anomalies, overlaying regional geology. Stated drill hole intersections are all core length, and true width is expected to be 60% to 95% of core length.

Comment by schocor on Apr 06, 2023 11:05am
Just to recap. Aston bay is a small junior mining company. They own an effective 20% interest in their FLAGSHIP asset Storm. Their 80% partner is a company called American Western Metals (AW1). Aw1 is itself very small, they have abuot $6m in the bank and had t4rouble raising money in their alst equity offering (look at the chart for Aw1 for the story).  Storm is a very remote VMS deposit ...more  
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