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Aston Bay Holdings Discovers Significant Anomalies in Initial Soil Sampling Program at Its Buckingham Gold Project, Virginia
TORONTO, ON / ACCESSWIRE / April 30, 2020 / Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF)(...
About this update from Aston Bay Holdings Ltd.
[{"type":"text","content":"Aston Bay Holdings Discovers Significant Anomalies in Initial Soil Sampling Program at Its Buckingham Gold Project, VirginiaTORONTO, ON / ACCESSWIRE / April 30, 2020 / Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF)(FRA:6AY) (\"Aston Bay\" or the \"Company\") is pleased to present results from the initial soil sampling program conducted at its Buckingham Gold Property located in Central Virginia, USA. The survey identified a broad but discreet 1.0 x 1.8 kilometre (km) gold anomaly spatially associated with the gold-bearing quartz vein and zones of disseminated gold-quartz mineralization drilled in 2019. In addition, the survey identified several detailed gold-in-soil trends at its Buckingham Main Zone and several new gold anomalies elsewhere on the property which remain to be drill tested.HighlightsNew discovery of several significant gold anomalies of up to 1.75 grams per tonne gold (g/t Au) in soil.A well-defined, broad 1.0 x 1.8 km gold-in-soil anomaly identified at the Buckingham Main Zone area, surrounding the area of current drilling where both high grade gold veins (e.g., 35.6 g/t Au over 2.0 metres (m) and 24.7 g/t Au over 3.6m) and broader zones of disseminated gold-quartz mineralization (2.2 g/t Au over 18.1 m and 1.9 g/t Au over 22.2m) were intercepted in the 2019 drill program (see June 27, 2019 Aston Bay press release).A newly discovered northeast trending anomaly extends for over 1 km, with the northeastern-most sample assaying 1.69 g/t Au in soil; this anomaly remains open to the northeast. Several lines ended in anomalous gold values, suggesting additional work is warranted; management is currently in negotiations for additional land parcels in the area. A total of 1,325 soil samples were collected in late 2019 and early 2020. Of these, approximately 1000 comprise a grid covering the area surrounding the Buckingham Main Zone with 25m-spaced sampling along east-west lines spaced between 100m and 200m apart. Results of the sampling in the vicinity of the Buckingham Main Zone is presented in Figure 1. Several lines ended in anomalous gold values; these areas will be the focus of a proposed expanded soil sampling program, and management is in negotiations to increase the land package currently under exploration agreement.Figure 1: Gold-in-soil results and interpreted gold anomalies (red ellipses), Buckingham Main Zon...