Business
Aston Bay Holdings Drills 1,218 Meters in Ten Holes on Its Buckingham Gold Property, Virginia; Announces Pause in Drilling
TORONTO, ON / ACCESSWIRE / March 24, 2020 / Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF)(...
About this update from Aston Bay Holdings Ltd.
[{"type":"text","content":"Aston Bay Holdings Drills 1,218 Meters in Ten Holes on Its Buckingham Gold Property, Virginia; Announces Pause in DrillingTORONTO, ON / ACCESSWIRE / March 24, 2020 / Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF)(FRANKFURT:6AY) (\"Aston Bay\" or the \"Company\") announces that it has completed 1,218 metres (m) of drilling in ten diamond drill holes at its Buckingham Gold Property located in Central Virginia, USA. A total of 2,000 m had been planned (see March 2, 2020 Aston Bay press release). Aston Bay has decided to pause drilling operations in response to the COVID-19 outbreak to safeguard the Aston Bay and drilling contractor's personnel on site. Processing and sampling of the drilled core will continue with results expected in the coming weeks. The Company expects to resume drilling as health and safety conditions allow.The current drill program comprises follow-up and step-out drilling at the Buckingham Main Zone. Quartz veining and/or silica-sulfide-sericite alteration were present in all ten holes, expanding on Aston Bay's successful 2019 drill program. Alteration and veining were intersected up to 65 m to the northwest and 35 m to the southeast along strike from the 2019 drilling. In addition, quartz veining was intersected in a step-back hole at a down hole depth of 95.70 m. The veining and alteration are similar in character to that encountered in the 2019 drilling. The logging and sampling of the 2020 drill core is ongoing and analytical results will be released as soon as they are available.The Buckingham Main Zone comprises a series of visible gold-bearing quartz vein outcrops that occur along a strike length of over 150 m that have yielded rock grab sample assay values up to 701 grams/tonne (g/t) Au and recent (2019) drill intercepts of 35.61 g/t Au over 2.03m and 24.73 g/t Au over 3.57m (see June 5, 2019 Aston Bay release).\"We are very encouraged by the visual results in the step-out and step-back drilling at our Buckingham property,\" stated Thomas Ullrich, CEO of Aston Bay. \"We look forward to the assays from these holes, as well as resumption of drilling at both the Buckingham Main Zone and the recently discovered Buckingham East Zone.\"QUALIFIED PERSONAs per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Andrew Turner, P.Geol., a consultant to Aston Bay, is the Qualified Person for...