Vancouver, British Columbia – September 3, 2013 – Aston Bay Holdings Ltd. (TSX-V: BAY) (“Aston Bay” or the “Company”) today provided a summary of historical drill results and technical data at the 2200N and 2750N Zones from the Company’s Storm Copper Project (“Storm Copper”).
Highlights from the historic drilling include 49 metres (m) core length grading 1.79% copper (Cu) from surface at the 2200N Zone as well as 110m core length grading 2.45% Cu from surface and 56m core length grading 3.07% Cu from 12.2m at the 2750N Zone. The two zones are separated by 500m and are characterized by outcropping copper mineralization and a strong electromagnetic (EM) response.
“These drill results clearly demonstrate the exceptional potential of the Storm Copper Project,” says Bruce Counts, Chief Operating Officer of Aston Bay Holdings Ltd. “The Property has a solid foundation of historic data from which the Aston Bay team can build and we are eager to continue advancing the project.”
Above: Aerial views of malachite and azurite copper mineralization in outcrop at Storm Copper’s 2200N Zone.
For more images showing the 2200N and 2750N Zones, please go to: http://tinyurl.com/ABH2200N-2750N-pdf
The results presented here include data acquired from Teck Metals Ltd. (see Aston Bay news release dated January 9, 2013) and not previously available. Similar results for the 3500N and 4100N Zones will be released to the public as a comprehensive database is compiled and interpreted. The table below lists a summary of grades from holes drilled at Storm Copper’s 2200N and 2750N Zones.
*Note: All drill intercepts reported are core length and may not be indicative of true width of mineralization
In 2011, a 3,970km helicopter-borne Versatile Time-Domain Electromagnetic (VTEM) survey was completed over the Storm Property. Strong conductivity responses were identified coincident with the 2200N and 2750N Zones and results suggest that mineralization in both zones may extend laterally and to depth beyond the current drilling envelope.
Above: VTEM survey from Storm Copper’s 2200N and 2750N Zones Showing Tested and Untested Conductive Anomalies.
“There is ample evidence to suggest that the dimensions of the mineralization at the 2200N and 2750N Zones is significantly larger than has been defined by the historic drilling,” said Bruce Counts. “The results of the VTEM survey, coupled with the geologic model developed from drill core, indicate that mineralization may extend well below the deepest hole.”
Above: 3D conductivity depth section and drillholes from Storm Copper’s 2200N and 2750N Zones.
The 2200N Zone is exposed along the Aston River ridge proximal to the 2200N fault. The Zone is defined by a 600m zone of surface malachite and azurite in frost boils and bedrock chips, with subsurface continuity of mineralization interpreted from historic Induced Polarization/Resistivity (IP) and Horizontal Loop Electromagnetic (HLEM) surveys. A series of seven (7) widely-spaced diamond drill holes completed during 1997 and 1999 define a 550m long, 200m wide mineralized zone consisting of poddy to net-textured chalcocite and bornite occurring as breccia cement, fracture fill and veins to a depth of 100m. Semi-massive sulphide zones are separated by wider zones of vein and stringer mineralization. Fine-grained, disseminated native copper occurs in near vertical, net textured veinlets and stringers proximal to the 2200N Fault. Preliminary geologic modeling of the 2200N Zone indicates the presence of four shallowly dipping stacked stratabound mineralized horizons and a vertical feeder zone.
At surface, the 2750N Zone is marked by a 100m long, east-west trending malachite-stained gossan adjacent to the 2750N Fault. A total of thirteen (13) diamond drill holes completed between 1996 and 1999 testing surface mineralization and IP anomalies intersected copper mineralization over a 270m strike length from surface to a minimum depth of 80m, the zone narrows from 50m at surface to 25m at depth, and occurs in an area of complex faulting. The 2750N Zone appears to be structurally controlled with a strong vertical component to the mineralized body. A progressive zonation of copper minerals both vertically and laterally away from the 2750N Fault has been identified from the historic drilling, with a near surface chalcocite-bornite zone giving way to a chalcopyrite zone at depth.
Over the coming months, historic data will be integrated with the information collected during the 2013 field program to provide a more concise understanding of the mineralization at the Storm Copper and Seal Zinc prospects. Select information will be released to the market as the data is interpreted and the Company grows its knowledge of the copper and zinc-mineralized zones on the Storm Property.
The content of this news release and the technical information that forms the basis for this disclosure has been prepared under the supervision of Michael Dufresne, M.Sc., P.Geol., who is the Qualified Person as defined by NI 43-101 and a consultant to Aston Bay.
About Aston Bay Holdings
Aston Bay Holdings Ltd. (TSX-V: BAY) is a publicly traded mineral exploration company focused on the 345,033 acre Storm Property located on northwest Somerset Island, Nunavut. The property hosts the Storm Copper and Seal Zinc prospects. Aston Bay holds the right to earn or buy up to a 100% undivided interest in the Storm Property from Commander Resources Ltd. (TSX-V: CMD).
On behalf of the Board of Directors,
Benjamin Cox, Chief Executive Officer
Telephone: (360) 262-6969
For further information about Aston Bay Holdings Ltd or this news release, please visit our website at www.astonbayholdings.com.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains certain statements that may be deemed “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.