Projects

Buckingham Gold Property

Overview

4,953 acres surrounding the recent discovery of gold in quartz veins and disseminated gold mineralization associated with sericite-quartz-pyrite alteration, where recent drilling by Aston Bay has intersected significant gold mineralization, including 35.61 g/t Au over 2.03m and 24.73 g/t Au over 3.57m including 62.51 g/t Au over 1.39m core length.

Historical Work Done

The previous program, completed by previous owner, consisted of three holes on the Buckingham Property, all of which intersected significant gold, including 15.57 g/t Au over 4.1m and 11.69 g/t Au over 3.1m. In addition to gold-bearing quartz veining, the previous drilling intersected a zone of sericite-pyrite alteration yielding 0.4 g/t Au over 24m including 0.71 g/t Au over 13.72m (all historic intercepts are core intervals, i.e., not true width; see March 4, 2019 Aston Bay press release).

Drill Results from Aston Bay’s April 2019 Drill Program:

Six large diameter (HQ) drill holes totaling 878 metres (m) completed, with all six drill holes intersected significant near-surface gold mineralization, either in quartz veins or in wider zones of sericite-quartz-pyrite alteration (see Table 1 below).

Table 1: 2019 Buckingham Project Drilling Summary with Significant Gold Intercepts.

Drill Hole From (m) To (m) Interval
Length (m)
Estimated
True Width (m)*
Au
(g/t)
BUCK19-001 36.40 38.43 2.03 1.62 35.61
BUCK19-001 89.50 122.50 33.00 26.35 0.36
including 102.00 103.55 1.55 1.24 3.36
BUCK19-03 23.20 26.50 3.30 2.64 20.44
and 30.90 31.40 0.50 0.40 34.25
BUCK19-04 55.73 59.30 3.57 2.85 24.73**
including 56.51 57.90 1.39 1.11 62.51
BUCK19-05 56.73 74.80 18.07 14.43 2.16
including 56.73 62.50 5.77 4.61 5.46
including 56.73 58.30 1.57 1.25 17.45
and 86.28 108.50 22.22 17.75 1.90
including 95.00 101.50 6.50 5.19 5.19
including 95.00 96.50 1.50 1.20 19.30
BUCK19-06 112.70 114.57 1.87 1.49 0.95

* Assuming a 72° NE dip on the quartz vein, the true width is 80%.

** Includes 2.18m of low-grade shoulder material averaging 0.83g/t Au.

These drill holes intersected significant gold mineralization in quartz veins, including 35.61 g/t Au over 2.03m in hole BUCK19-001, 20.44 g/t over 3.30m and 34.25g/t over 0.5m in hole BUCK19-003, and in hole BUCK19-004 24.73 g/t over 3.57m including 62.51 g/t over 1.39m. BUCK19-005 intercepted two broad zones of gold mineralization associated with sericite-quartz-pyrite alteration: 2.16 g/t Au over 18.07m including 17.45 g/t Au over 1.57m and 1.90 g/t Au over 22.22m including 19.30 g/t Au over 1.5m. This hole is a 40 m step-out along strike from previous drilling. All mineralized intercepts are located below sub-cropping quartz containing visible gold that have yielded up to 701 g/t Au (20.4 ounces Au per short ton) in surface grab samples.

The current drill program was designed to test along strike and down dip from the northwest-southeast trending area of boulders and sub-crop of quartz veining, as well as test for zones of gold-bearing alteration. The drill hole locations with significant gold intercepts are illustrated in Fig 1; a longitudinal cross section is presented in Fig 2.

Figure 1: Drill hole locations with significant gold intercepts, Buckingham Gold Project, Virginia.
Figure 1: Drill hole locations with significant gold intercepts, Buckingham Gold Project, Virginia.
Figure 2: Longitudinal cross section with significant gold intercepts, Buckingham Gold Project, Virginia.  Red triangles represent subcropping surface quartz vein containing visible gold. View looking northeast.
Figure 2: Longitudinal cross section with significant gold intercepts, Buckingham Gold Project, Virginia. Red triangles represent subcropping surface quartz vein containing visible gold. View looking northeast.

Proposed 2019 Q4 and 2020 Drill Programs

Proposed Q4 core drill programs based on ongoing detailed soil sampling program, prospecting and IP geophysics, with follow-up drilling through 2020.