Business
Aston Bay Holdings Drills 29.9 g/t Au over 0.92 m and 19.25 g/t over 1.4 m in Phase 1 Drilling; Phase 2 Yields 150 m Extension at its Buckingham Gold Project, Virginia, USA
TORONTO, ON / ACCESSWIRE / July 22, 2020 / Aston Bay Holdings Ltd. (TSX-V:BAY; OTCQB:ATBHF)...
About this update from Aston Bay Holdings Ltd.
[{"type":"text","content":"Aston Bay Holdings Drills 29.9 g/t Au over 0.92 m and 19.25 g/t over 1.4 m in Phase 1 Drilling; Phase 2 Yields 150 m Extension at its Buckingham Gold Project, Virginia, USATORONTO, ON / ACCESSWIRE / July 22, 2020 / Aston Bay Holdings Ltd. (TSX-V:BAY; OTCQB:ATBHF) (\"Aston Bay\" or the \"Company\") is pleased to present results from Phase 1 of the 2020 diamond drill program at its Buckingham Gold Property located in Central Virginia, USA (see March 24, 2020 Aston Bay press release). Ten large diameter (HQ) oriented diamond drill holes totaling 1,218 metres (m) were completed with significant gold intersected in seven of the holes, including high grade gold intersections in quartz vein and broader zones of lower grade gold mineralization in zones of sericite-quartz-pyrite alteration.HighlightsSignificant gold intersected in seven drill holes, including gold-bearing quartz in the Buckingham Vein in core-length intercepts of:5.81 g/t Au over 6.29 m including 29.9 g/t Au over 0.92 m (hole BUCK20-014)19.25 g/t Au over 1.40 m (hole BUCK20-015), and 14.65 g/t Au over 1.06 m (hole BUCK20-016).These vein intercepts represent a southeasterly along-strike extension of 35 m for the Buckingham Vein from previous Aston Bay drilling.Deepest-yet intercept of the Buckingham vein at 85 m vertical depth; vein remains open at depth.Additional broad zones of lower grade disseminated gold mineralization to west and west-northwest of the Buckingham Vein in core-length intercepts of:0.37 g/t Au over 52.66 m (hole BUCK20-007B)0.24 g/t Au over 30.78 m (hole BUCK20-008)0.40 g/t Au over 22.73 m (hole BUCK20-009), and1.01 g/t Au over 9.00 m (hole BUCK20-010).Ongoing Phase 2 drilling has encountered gold bearing quartz vein material in four drill holes up to 115 m farther southeast along strike, indicating a total additional along-strike extension of 150 m for the Buckingham vein; as well, the vein remains open to the southeast.\"The Buckingham Vein is a high grade, near surface, steeply dipping vein that remains open at depth and to the southeast,\" stated Thomas Ullrich, CEO of Aston Bay. \"Together with the broad zones of lower grade disseminated gold mineralization, we are developing a very attractive and increasingly compelling gold exploration story here at the Buckingham Property in Virginia. We look forward to build on this with the assay results from...