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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 traps7on Nov 01, 2022 10:02pm
66 Views
Post# 35065090

RE:RE:Traps7 ´´´im waiting

RE:RE:Traps7 ´´´im waiting

..Goldy,..just read whats being released in news releases.....Thomas  ,is happy with partner,Why can you not accept this..,.also what hole do you want info on ,your looking for chalchopyrite and chalcocite, just look at chart its all there, do you need help,..just ask.. ; Quote from news >.

.Drilling at Storm has produced outstanding results in all six holes drilled so far this season,” stated Thomas Ullrich, CEO of Aston Bay. “These significant new results continue to demonstrate the continuity between historical copper intersections at the 2750N Zone, where our partner is working to define a copper resource. Drilling will soon shift to test geophysical anomalies for similar mineralization in other areas as well as targets that may represent feeder zones for the near-surface mineralization.”

Figure 2: Drilling underway on drill hole ST22-02 at the 2750N Zone, Storm Copper Project. View looking west.

Drill holes ST22-03, ST22-04, ST22-05 and ST22-06 were completed in the 2750N Zone and have all successfully intersected thick zones of breccia and massive sulfides (mostly chalcocite) hosted within much broader intervals of vein- and fracture-style copper mineralization.

A total of 789m of drilling has been completed to date within the shallow and high-grade 2750N Zone; drilling continues to confirm the continuity and thickness of the mineralized system.

Mineralization encountered within the latest drill holes shows similar zonation of the copper bearing minerals with chalcocite being the dominant mineral, and with chalcopyrite, bornite, covellite and minor oxides being present within certain intervals.

The 2750N Zone is the focus of initial resource work to define resources for a potential open-pit direct shipping product (DSP) mining operation. Initial ore sorting test work on mineralization from Storm generated a DSP product grading more than 53% Cu (see news release dated April 11, 2022).  

The combination of high-grade and shallow mineralization at Storm provides a potential pathway to a very small footprint, ESG sensitive mining operation scenario with the potential for low initial capital and operating costs.

Figure 3: Plan of the 2750N Zone - Drilling, known mineralization and known copper gossans overlaying aerial photography. Note that the 2750N Zone and the gossan to the west are cut by a gully (interpreted fault).

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