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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 traps7on Jul 20, 2023 12:48pm
104 Views
Post# 35549932

Scientific/Process Deep Target

Scientific/Process Deep Target

 Mineral Zonation

Mineralization at the nearby 4100N Zone and elsewhere at Storm is clearly zoned, with a core of chalcocite mineralization grading into zones bornite ± covellite, then chalcopyrite, pyrite and on to an outer sphalerite ± galena zone, reflecting progressive reduction of the metal-bearing fluids by interaction with hydrocarbons in the permeable zones of the rock.

The mineralization encountered in ST22-10 suggests this drill hole intercepted the outer chalcopyrite/pyrite/sphalerite zone of the system. Follow-up detailed EM is expected to improve targeting for the higher-grade chalcocite and bornite zones predicted by the deposit and mineralization models.

Figure 2: Sphalerite crystal sitting within a vug in drill hole ST22-10 (361.2m downhol

 

Potential for a Significant New Copper System

Initial observations suggest that the style of mineralization, host rocks and the geological setting of the ST22-10 area are evidence of a reduced facies type of sediment hosted copper system. Global examples of these are the giant Kupferschiefer (Germany) and Central African copper deposits.

The geology intersected within ST22-10 has all the elements required for sediment hosted ore forming processes including permeable carbonate rocks, hydrocarbons for reducing fluids, sulphur source and a favourable structural setting. The central graben of the Storm area is an ideal trap for metal bearing fluids and will be a key focus for further exploration. 

The mineralization encountered to date shows clear zonation, which will be used to determine vectors to the stronger part of the mineralization system. The presence of zinc and lead in addition to copper suggests that ST22-10 has intersected the margin of a copper dominant sedimentary hosted mineralization system.  

Figure 4: Schematic exploration concept of the Storm/Seal Projects. Drill hole ST22-10 is interpreted to have intersected the margin of the area labelled as Copper Target: Sediment Hosted Copper Mineralization (Source - Aston Bay Holdings).

Notice , on slide, marked Storm copper , at surface,. the black fault lines intersect making this junction a main target. The red copper blobs below are the resuly of the minerail zonation. 

Let The Drills Be Our Friends

Traps7                                                                                                                                               

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