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Aston Bay Holdings Corporate Update on Data Licensed in 2012
(via Thenewswire.ca) Vancouver, British Columbia - August 7, 2013 - Aston Bay Holdings L...
About this update from Aston Bay Holdings Ltd.
[{"type":"text","content":"Aston Bay Holdings Corporate Update on Data Licensed in 2012(via Thenewswire.ca)\n\n \nVancouver, British Columbia - August 7, 2013 - Aston Bay Holdings Ltd. (TSX-V: BAY) (\"Aston Bay\" or the \"Company\") is pleased to provide a summary of technical data licensed from Teck Metals Ltd. (\"Teck\") in December 2012.\n\n \n \nThe licensing agreement (see the Company's news release dated January 9, 2013) provides Aston Bay with access to data not available in the public domain. Data include complete results from historic soil sampling, airborne and ground geophysical surveys, as well as results from more than 15,000 metres (m) of drilling conducted at the Storm and Seal prospects. The data has now been compiled and verified by the Company's consultants and is being integrated into the Company's overall database.\n\n \n \n\"The licensing of data from Teck allows Aston Bay to advance the Storm Project more quickly and cost effectively\", says Benjamin Cox, President and CEO of Aston Bay. \"It would have taken the Company years and millions of dollars to reproduce the data obtained in this transaction.\"\n\n \n \n\"The data acquired from Teck will be invaluable in Aston Bay's efforts to refine its understanding of the mineralization at the Storm and Seal prospects\", says Bruce Counts, Chief Operating Officer of Aston Bay. \"Over the coming months, the Company will integrate the data acquired from Teck with the information collected this year. The 2014 exploration program will be designed to build upon the insights gained from the combined data.\"\n\n \n \nDrilling\n\n\n \nBetween 1995 and 2001, 97 diamond drill holes were drilled at the Storm Property. The data acquired from Teck included drill results previously unavailable to the Company. These include collar locations, assays and drill logs for 14 holes at the Seal prospect, totalling 2,465m, and similar data for 18 holes at the Storm prospect, totalling 3,113m. \n\n \n \nGeochemistry\n\n\n \nBetween 1966 and 2001, extensive geochemical sampling was carried out in and around the current Storm Property. Aston Bay has now compiled data for a total of 7,477 conventional soil samples, 145 Mobile Metal Ion (MMI) soil samples, 1,728 stream samples and 360 rock samples. Of these, the geochemical data and locations for 1,875 soil samples, all MMI samples, 616 stream sample and 220 rock sam...