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Aston Bay Commences Mobilization for Drill Program on Buckingham Gold Property in Virginia, USA
TORONTO, ON / ACCESSWIRE / April 8, 2019 / Aston Bay Holdings Ltd. (TSX-V: BAY; OTCQB: ATBHF...
About this update from Aston Bay Holdings Ltd.
[{"type":"text","content":"Aston Bay Commences Mobilization for Drill Program on Buckingham Gold Property in Virginia, USATORONTO, ON / ACCESSWIRE / April 8, 2019 / Aston Bay Holdings Ltd. (TSX-V: BAY; OTCQB: ATBHF) (\"Aston Bay\" or the \"Company\"), through its wholly owned subsidiary Blue Ridge Mining Inc. (\"Blue Ridge\" or \"BRM\"), is pleased to announce that in preparation for a planned 900 metre (m) diamond drill program on its Buckingham Gold Property located in Central Virginia, USA, a drill rig and all necessary equipment is being mobilized to site.Drilling will be focused on an outcropping gold-bearing quartz vein with a strike length of over 150 m and an associated gold-in-soil anomaly that extends for over 900 m. Visible gold is present at surface in quartz vein outcrop and subcrop. Select rock chip grab samples from the outcropping quartz vein assayed up to 701 grams/tonne (g/t) Au (20.4 ounces per short ton). The associated gold-in-soil anomaly contains values up to 0.4 g/t Au in soil.Three historical drill holes were completed over a strike distance of 80 meters along the vein outcrop area in 2016 (see March 4, 2019 Aston Bay press release). These yielded mineralized quartz vein intercepts of 15.57 g/t Au over 4.1m and 11.69 g/t Au over 3.1m (all drill depths and assay intervals are measured-down-the-hole depths and thicknesses; they do not represent true widths). The vein has been intercepted to a depth of 40 meters and mineralization is open along strike and down dipIn addition to the vein mineralization, a significant zone (27.4 m @ 0.4 g/t Au) of disseminated gold mineralization was intercepted in a metavolcanic rock below the quartz vein.\"The drill program is designed to confirm gold mineralization in the quartz vein, test the strike extent of the gold-bearing vein and also test other quartz veins subcropping on the property,\" stated Aston Bay CEO Thomas Ullrich. \"In addition, we intend to target the disseminated gold mineralization encountered below the veins. This disseminated-style of mineralization has yielded significant economic deposits in similar aged rocks of the Carolina Island Arc terrain.\"QUALIFIED PERSONAs per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Michael Dufresne, M.Sc., P.Geol., P.Geo., a Director of and a consultant to Aston Bay, is the Qualified Person for the Company and has pr...