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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 Aug 03, 2023 10:10am
85 Views
Post# 35570961

The metal and minerals show distinct zonation

The metal and minerals show distinct zonation

Notice hole # 3, coming soon,..Related here to copy & paste here,. mention that the heavy copper is being vectored over south west, Notice on slide the large Red Sulphid in sction 3, Hols # 3 could be huge,.. (Figure 8).


Figure 9: Conceptual geological and exploration targeting model for the Storm Project, showing depth of current drilling and conceptual copper system at depth.

 

PLANNED PROGRAM

  • The diamond drilling continues to test key geophysical and geological copper targets in the Storm area. The third exploration drill hole is underway and is collared approximately 1.7km south of ST23-02, and 1km west of the high-grade 2750N Zone. The hole is testing a large gravity anomaly and EM conductor in an area with limited previous drilling. Initial assays for the diamond drilling are expected in the next 4 weeks.

The metal and minerals show distinct zonation with a large copper-rich core (chalcocite, bornite and covellite) that gives way laterally and vertically to thinner peripheral zones of copper-iron (chalcopyrite), iron (pyrite), zinc (sphalerite) and minor lead (galena).
The three drill holes completed to date targeted only one of the gravity features, with most of the larger system remaining untested. These gravity targets cover an area of over 7.5 km2, giving significant potential for the Storm area to host a world-class scale copper system.
  

DRILL HOLE ST23-02 DETAILS

Drill hole ST23-02 was drilled to a downhole depth of 602m and intersected a continuous 37m thick zone of visual copper mineralization from 333m downhole (Figure 7).

The mineralized interval is variably brecciated and fractured with chalcocite as the dominant copper sulfide mineral. The lower section of the interval contains very strong mineralization with 1-5% visual sulfide and localized breccias containing up to 30% chalcocite. Rare native copper and sphalerite (zinc sulfide) along with pyrite are present within the lower part of the mineralized sequence.

The copper mineralization is hosted within bioturbated mudstones within a broader interval of fossiliferous carbonates. The geology and mineralization are very similar to drill holes ST23-01 and ST22-10 and located at a similar depth (Figure 7). Mineralization elsewhere at Storm is zoned (chalcocite – chalcopyrite – pyrite – sphalerite/galena), so the presence of chalcocite suggests that drill hole ST23-02 is potentially vectoring to the higher-grade portions of the copper system. 


Figure 5: Chalcocite (dark grey) breccia fill in drill hole ST23-02 from approximately 354.7m downhole.


Figure 6: Chalcocite (dark grey) breccia fill in drill hole ST23-02. The interval shown is approximately 352-359m downhole.

 


Figure 7: NW – SE long section through drill holes ST23-01 and ST23-02. The mineralized horizon is flat-lying, laterally extensive, and open.

Let Drills Be Our Friends 

Traps7

 

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