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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 Mar 27, 2024 11:49am
106 Views
Post# 35955622

exciting spring and summer season at Storm.”

exciting spring and summer season at Storm.”

Figure 1: Electromagnetic survey field crew taking sensor readings.

MOVING LOOP ELECTROMAGNETICS (MLEM)

Electromagnetic geophysical surveys (EM) have been confirmed by drilling as the most effective targeting tool in the exploration for high-grade copper sulfides at the Storm Project. Multiple historical surveys using both airborne and ground EM systems have resulted in the discovery of most of the known copper mineralization in the Storm area.

The near-surface (<100m depth) high-grade copper mineralization in the immediate Storm area remains open along strike and at depth, with recent drilling resulting in new discoveries both in the near-surface and at depth. Together with the largely untested 100km-long prospective copper target horizon, this highlights the outstanding potential for the discovery of additional copper mineralization in the near-surface, at depth, and over considerable lateral extents within the larger project area.

The planned EM surveys will utilize the most powerful energy source to date (more than twice as powerful as prior surveys). They will aim to fill gaps in the historical surveys, acquire higher-resolution data, and investigate deeper. The surveys will also expand the search into new areas including the Blizzard, Tornado, and Tempest Prospects.

Storm

Moving Loop Electromagnetics (MLEM) will begin in the Storm area where historical surveys have been instrumental in expanding areas of known mineralization and in the discovery of new zones, such as the 2023 discoveries at Thunder (48.6m @ 3.0% Cu in drill hole ST23-03) and Lightning Ridge (30.4m @ 2.2% Cu in drill hole SR23-52). The EM anomalies tested to date in the Storm area have been strongly correlated with higher-grade (>2%) copper mineralization.

The 2024 Storm MLEM surveys will include:

  • Ultra-high-resolution Moving Loop Electromagnetics (MLEM) to focus on the expansion of the known copper mineralization and making new discoveries. The targeted search space will be approximately 0-200m below surface.
  • Deep-penetrating, wider-spaced MLEM to explore the Storm central graben area and below the known mineralization. The targeted search space will be from 200-500m vertical depth
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