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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

Post by Goldy63on Sep 10, 2022 9:58pm
138 Views
Post# 34954760

Ok . Tom Said I can Share This . We Have The Goods LONGS .

Ok . Tom Said I can Share This . We Have The Goods LONGS .Anybody who knowswhat it takes to get to a mine would be a world class Geo and his buddy the good Doc At Ivanhoe Agrees . CONGO , Well so I will share while the scumbags and Trapps scream Flags Hahaha . Gotta wonder whats the motivation with Crabs posts ? . Any way ENJOY Apprecitad the insight Tom and dispite Trapps a long hell yes your new blood and friends ARE PUMPEP , Read on . The presence of copper in hole ST22-10 (assays still pending) will confirm the bigger “Congo-style” sed-hosted copper concept, where that plumbing system has intersected large permeable horizons (former oil/gas reservoirs) and the fluids have precipitated copper. We don’t really have to wait for assays because we visually see chalcopyrite in the 68m intersection of the large EM anomaly representing what we thought represented a sed-hosted copper target (see August 23 NR). There will be copper in those assays. Not heaps for this hole (expect <1%, Cu overall), but the concept is proven and it is a matter of refining our targeting with more detailed EM (chalcocite responds very well) to target higher grade for this 800x300m EM target, as well as for the other six (and larger) EM anomalies we discovered last year. And this is just the area around the Storm showings, about 1600 hectares on a 300,000 hectare property that we know has chalcocite at the surface elsewhere.

 

There is a very clear zonation of chalcocite>bornite/covellite>chalcopyrite>pyrite>sphalerite/galena that we see at Storm. This is as the chemistry predicts: as fluids get more depleted (reduced) due to more interaction with hydrocarbons, precipitating the more copper-rich minerals (chalcocite 80% Cu), then less copper (bornite 63% Cu to  chalcopyrite 34% Cu), then none (pyrite, iron only) on to lead and zinc (galena and sphalerite). What we have hit in this very wide intercept is the chalcopyrite zone, along with clear hydrocarbons as bitumen. Everything is there: fault plumbing system, large horizon represented by EM anomaly, long permeable intercept, bitumen to act as the chemical trap and clear copper mineralization in the chalcopyrite/pyrite/sphalerite/galena zone. This is proof of the predictive model, and now we just need to vector to the high grade chalcocite in this, the other known, and as-yet undiscovered anomalies on the island.

 

Regards,

Tom

 

Thomas Ullrich

Chief Executive Officer

Aston Bay Holdings

80 Richmond St W, Ste 204

Toronto, ON M5H 2A4

416-456-3516

thomas.ullrich@astonbayholdings.com

 

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