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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 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 in Virginia. The Nunavut Property is 100% owned by the Company and located 112 kilometers (km) south of the community of Resolute Bay, Nunavut on western Somerset Island. The Storm Copper Project is located on Somerset Island, Nunavut, approximately 20 km from tidewater at the Company. Its Seal Zinc deposit is located at the base of a small peninsula approximately 350 meters from tidewater at its on Somerset Island, Nunavut. Its Mountain Base Metals Project is located on 2,072 acres of private land with direct access to both highway and rail transportation.


TSXV:BAY - Post by User

Comment by martindaleon Nov 06, 2022 10:11am
55 Views
Post# 35077130

RE:RE:Direct Shipping Operation in the works...

RE:RE:Direct Shipping Operation in the works...
martindale wrote:
martindale wrote:

This would be why all the bashers and carnival barkers are down playing this stock, don’t be fooled by the barking noises you hear, they are working it for a cheap PP as their masters have directed them to do... Bay St hates that Aston Bay doesn’t want to play their game so they are trying to distort and hide what is actually happening. this is no small project, once AMW starts its DSO this will rocket, but what would the top geologists in the world know? Look at the numbers and still huge amounts to be defined, don’t be fooled by barking dogs with no FACTS.. none, doesn’t take a genius to see what they are saying is WOOF! No substance! Here’s FACTS! .......”
These drill results confirm the near-surface high grade copper mineralization at the 2750N Zone, likely doubling the volume of mineralization, once again demonstrating the enormous potential of the Storm Project," stated Thomas Ullrich, CEO of Aston Bay. "We look forward to next season's drill campaign, which aims to define further resources at the 2750N Zone as well at other areas of near-surface high-grade copper mineralization, such as the 2200N and 4100N Zones.

"Samples are enroute for the next phase of beneficiation test work to be conducted over the winter, with the objective of developing a definitive flowsheet for a potential direct shipping product mining operation. We are excited by the very successful efforts of our partner American West to so rapidly advance the project."

Aston Bay Holdings Ltd, Thursday, November 3, 2022, Press release picture

The final batch of assays results has been received for diamond drill holes ST22-03, ST22-04, ST22-06, ST22-07 and ST22-08 (Table 1). A total of 997m of shallow drilling was completed at the 2750N Zone during the 2022 program (See Table 3 for previously reported significant intervals).

All drill holes completed at the 2750N Zone were designed to test the continuity and extensions to the copper mineralization encountered in historical drilling (Figure 1) and to confirm the potential for potentially mineable volumes of copper mineralization.

Thick intervals of copper mineralization in these recent drill holes located in the western portion of the 2750N Zone give strong indications that the mineralization may continue across a large north-south oriented gully (interpreted to be a fault). High-grade copper at surface and extensive geochemical anomalies along strike of the 2750N Zone supports the growth potential of the prospect to extend a significant distance to the west.

Drilling within the east portion of the 2750N Zone shows that the mineralization may pinch out or be offset by faulting. The results of surface geochemistry to the east supports the apparent waning in the strength of near surface mineralization in this direction.

Faults are believed to be a major control on mineralization. Further drilling will aim to define the structural architecture of the 2750N Zone and to expand the economic potential of the Storm Project by defining additional resources at the highly prospective 2200N and 4100N Zones. These opportunities offer outstanding upside and large-scale potential for a low-footprint, direct shipping product (DSP) type operation.

Aston Bay Holdings Ltd, Thursday, November 3, 2022, Press release picture

 

Drill Hole Details

Drill holes ST22-06 and ST22-07 were drilled in the western part the 2750N Zone and successfully encountered thick intervals of copper sulfides.

Mineralization encountered in these two drill holes is similar to that observed in other drill holes in this area and, importantly, is dominantly chalcocite. Mineralization at Storm is typically zoned, with a margin of pyrite-chalcopyrite-sphalerite-galena mineralization surrounding a copper-rich chalcocite core (chalcocite contains 79.9% copper). The presence of chalcocite suggests that these two drill holes are in the core of the mineralized system, with additional mineralization potentially located to the west.


Also of note none of the above includes the newly found 1,800 m x 1,000 m “plate” that has been identified at further depth, I am very curious to see what it will contain.. GLTA That Deserve It..


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