- International producer Nyrstar will suspend zinc smelting operations at its Dutch plant in Budel in the second half of January
- Aston Bay Holdings Ltd. was one of the most talked about companies on the Stockhouse Bullboards
- The Toronto-based zinc stock saw its stock jump 37.50 per cent higher by Monday’s close
- Aston Bay Holdings closed trading at $0.11 per share
Zinc stocks were a hot topic on Monday as prices jumped on news international producer Nyrstar is suspending its Dutch operations.
Nyrstar, wholly owned by trading and logistics company Trafigura, stated it will suspend zinc smelting operations at its Dutch plant in Budel in the second half of January.
A number of mining stocks on Bay Street saw a bump in Monday trading in light of this news, including Aston Bay Holdings Ltd. (TSXV:BAY), which was one of the most talked about companies on the Stockhouse Bullboards.
The Toronto-based zinc stock saw its stock jump 37.50 per cent higher by market close.
The mineral exploration company recently released assay results from its Tempest Prospect in its Storm Copper Project on Somerset Island, Nunavut.
Plan view map of the Tempest Prospect showing the mapped gossans and geochemical sampling points, overlaying aerial photography. Source: Aston Bay Holdings Ltd.
The team noted a higher abundance of zinc, lead and gold from the samples and said Tempest remains underexplored and further, more detailed and extensive geochemical sampling is required to fully define the highest priority target areas.
|
Sample ID
|
Sample Type
|
Cu per cent
|
Zn per cent
|
Pb per cent
|
Fe per cent
|
Ag g/t
|
Au ppb
|
|
Y010801
|
Gossan
|
0.18
|
30.8
|
0.05
|
22.8
|
9
|
4
|
|
Y010802
|
Gossan
|
0.56
|
0.36
|
0.12
|
–
|
2
|
–
|
|
Y010803
|
Gossan
|
–
|
1.6
|
0.3
|
–
|
1
|
–
|
|
Y010804
|
Malachite/chalcocite float
|
38.2
|
0.17
|
0.1
|
5.8
|
3
|
277
|
|
Y010811
|
Gossan/Ironstone
|
–
|
–
|
–
|
11.8
|
2
|
53
|
|
Y010812
|
Gossan/Ironstone
|
–
|
0.01
|
–
|
28.3
|
0.5
|
2
|
|
Y010813
|
Gossan
|
0.16
|
–
|
–
|
45.7
|
3
|
8
|
|
Y010814
|
Basement/gneiss
|
–
|
–
|
–
|
3.7
|
0.5
|
–
|
Besides Storm Copper, Aston Bay is also exploring for high-grade copper and gold deposits in Virginia.
Zinc’s price is currently US$2,543.61/metric tons, up from US$2,447.18 last month.
Aston Bay Holdings closed trading at $0.11 per share.
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