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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 DarylTheFrogon Dec 02, 2022 10:23am
26 Views
Post# 35146193

RE:RE:RE:RE:RE:Summation of project.

RE:RE:RE:RE:RE:Summation of project.
The area has been an exploration target since 1960 when mineralization was first discovered by Bankeno Ltd. while conducting oil and gas exploration in the region. Bankeno entered into a 25% joint venture with Cominco Ltd. in 1964 to explore properties in the Cornwallis Zn-Pb district, including the area of the Storm showings. From early 1964 until 2007, Cominco was actively conducting exploration within the Storm Property. A joint venture agreement with Noranda Inc. covered exploration from 1999 to 2001. Commander Resources acquired Prospecting Permits in the area after the land package held by Cominco had substantially lapsed in 2007. In writing this report the authors relied upon government research, personal communications, assessment reports and historical internal reports summarized by and on behalf of Cominco, Noranda and Commander. The author also utilized information from Cominco, later Teck-Cominco Ltd. (Teck), who had maintained mineral tenure in the region since 1964.
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