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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 critical and precious metal deposits. It is engaged in exploring the Storm Copper Property and Cu-Ag-Zn-Co Epworth Property in Nunavut, and the high-grade Buckingham Gold Vein in central Virginia. It is also in advanced stages of negotiation on other lands with high-grade critical metals potential in North America. The Nunavut property is located 112 km south of the community of Resolute Bay, Nunavut on western Somerset Island. The property is adjacent to tidewater on Aston Bay and comprises 12 prospecting permits and 118 contiguous mineral claims, which comprises of Storm Copper and Seal Zinc, covering an area of approximately 541,796 acres. Under Virginia property, it focuses on exploring two targets in Virginia: high-grade mesothermal gold vein mineralization along strike of the Buckingham Gold Vein and zinc-copper SEDEX-style mineralization in a newly identified base metals/polymetallic belt.


TSXV:BAY - Post by User

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Post by Buffy15on Aug 30, 2018 7:32am
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Post# 28540978

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Aston Bay Announces Completion of 2018 Summer Drilling Program


Toronto, ON (FSCwire) - Aston Bay Holdings Ltd. (TSX-V: BAY) ("Aston Bay" or the "Company") is pleased to announce the completion of its 2018 summer exploration drilling program at its Aston Bay Property located on Somerset Island, Nunavut.

A total of 3,135 metres of diamond drilling were completed in nine holes, targeting copper and zinc mineralization in the vicinity of both the Storm Copper prospect and Seal Zinc deposit. Core intersections with sulfide mineralization have been halved and sent for assay, with results expected by early October 2018.

Preparations for the anticipated 2019 exploration drill program have also been made: both diamond drill rigs used in the program are stored at site, tents and structures at the exploration camp remain in place and drilling salt is being delivered by sea lift to Resolute Bay.

“Challenging logistics due to record cold weather and fog decreased planned flight hours this season. These unexpected conditions resulted in a reduction of the planned meterage. Adjustments will be made to compensate during our expected 2019 drill program,” stated Thomas Ullrich, CEO of Aston Bay. “We look forward to this season’s results as confirmation of our exploration rationale and in continued refinement of targeting.”


Read more at https://www.stockhouse.com/news/press-releases/2018/08/30/aston-bay-announces-completion-of-2018-summer-drilling-program#docVH2l85EIEI54k.99
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