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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

Comment by Radnaksion Aug 29, 2022 3:44pm
52 Views
Post# 34927693

RE:RE:RE:RE:RE:RE:RE:RE:Rad - Please explain Funded vs Carried Interest

RE:RE:RE:RE:RE:RE:RE:RE:Rad - Please explain Funded vs Carried Interest Schocor, here is an extract. Btw this was funded by BHP.

extract from MDA
2016 Field Season
During the six month period ended September 30, 2016, the Company completed its 2016 summer field exploration program at the Storm Property. The program, which included drilling, was designed to identify additional targets for future exploration programs and to gather information that would strengthen the understanding of the processes and controls on existing mineralization. Aston Bay was the Operator of the 2016 exploration program, the total expenditures for which were $5,001,954 for the six months ended September 30, 2016. During the 2016 field program, the Company drilled 1,951.1 metres (m) of core in 12 drill holes and collected 2,005 soil samples over an area of approximately 120 km north-south and 20 to 40 km eastwest on the property.
Exploration drilling was conducted at a number of specific geophysical and structural targets in the vicinity of the 4100N Zone, the 2750N Zone, and at the Tornado and Hurricane target areas.


Let's try to be polite lads. Everyone is entitles to an opinion.
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