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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 Dec 09, 2023 10:32am
274 Views
Post# 35776184

Thunder, Lightning. Hailstone,Virga..

Thunder, Lightning. Hailstone,Virga..

Hang onto your shares,...Looks like there|s a big Storm brewing up in Nunavut/ The Southern flank seen here showing 4 new zones . The new  zones will be added in to 43-101 next year which should double the soon to-be released 43-101..

Lightning   ( The recent Lightning Ridge (combined 30.4m @ 2.2% Cu ) ///

Thunder (  (48.6m @ 3% Cu) ) ...

Hailstone  ( Hailstone area beneath surficial copper gossans (Figure 4 ) 

Additional EM and gravity surveys are planned for the start of the 2024 season and will cover the Storm, Tornado, Blizzard, and Tempest prospect areas.


Figure 4: Plan view of the southern graben fault area showing the interpreted mineralized footprint (defined by drilling) and drilling,
overlaying FLEM imagery (Late time conductivity – Channel 16. Hotter colours and white indicate higher conductivity) and regional geology.
Stated drill hole intersections are all down hole length, and true width is expected to be 60% to 90% of stated length

EXPANDING THE 4100N ZONE NORTHWARDS – DRILL HOLE SR23-55 DETAILS

Exploration RC drill hole SR23-55 was drilled to a downhole depth of 150.9m and was designed to test a moderately conductive Fixed Loop Electromagnetic (FLEM) anomaly to the north of the 4100N Zone (Figure 3).


Figure 3: Plan view of the 4100N Zone showing the interpreted mineralized footprint (defined by drilling and EM) and drilling,
overlaying FLEM imagery (Late time conductivity – Channel 16. Hotter colours and white indicate higher conductivity).
Stated drill hole intersections are all down hole length, and true width is expected to be 90% of stated length.

The 2021 FLEM survey highlighted two distinct, late time anomalies with an apparent strike of approximately 200m and 500m respectively north of the known copper mineralization at the 4100N Zone. A single drill hole was designed to test the southernmost anomaly.

Drill hole SR23-55 intersected a 24.4m thick interval of breccia and vein copper sulfide mineralization. The mineralized zone contains a stronger sulfide breccia interval of 7.6m @ 1% Cu, which includes 1.5m @ 2% Cu. The >2% copper mineralization is interpreted to be the source of the EM anomalism.

Significantly, a FLEM anomaly located over 300m to the north of drill hole SR23-55 has a higher conductivity and could represent larger volumes of >2% copper mineralisation. This anomaly is yet to be drill tested. These two anomalies cover an area of approximately 16 hectares and have the potential to host significant volumes of additional mineralization.

These EM targets and the expansion of the 4100N Zone is a priority of the 2024 exploration and drilling program.

EXPLORATION UPSIDE – NUMEROUS EM ANOMALIES REMAIN UNTESTED

Exploration drilling of high-priority electromagnetic (EM) anomalies and key geological features during 2023 has further expanded the footprint of the near-surface, high-grade copper mineralization at Storm.

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