Business
Aston Bay Holdings Presents Proposed Drill Holes and Additional Soil Sample Results for Its Buckingham Gold Project, Virginia, USA
TORONTO, ON / ACCESSWIRE / June 26, 2020 / Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF)(F...
About this update from Aston Bay Holdings Ltd.
[{"type":"text","content":"Aston Bay Holdings Presents Proposed Drill Holes and Additional Soil Sample Results for Its Buckingham Gold Project, Virginia, USATORONTO, ON / ACCESSWIRE / June 26, 2020 / Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF)(FRA:6AY) (\"Aston Bay\" or the \"Company\") is pleased to present proposed drill hole locations for its recently-resumed diamond drill program at its Buckingham Gold Property located in Central Virginia, USA (see June 10, 2020 Aston Bay press release). Phase 2 of the 2020 Drill Program is underway and is expected to comprise approximately 800 metres (m) of additional oriented core drilling. The planned Phase 2 drill holes are presented in Figure 1 in relation to recently updated gold-in-soil geochemical data. The current data now includes the results from two orientation lines, comprising 29 soil sample sites, that were completed over the central portion of the Buckingham Main Zone and highlight the highly anomalous gold values in the zone.HighlightsApproximately 800 m of drilling in up to eight diamond drill holes planned in Phase 2.Drilling is underway with one hole complete.Planned drilling will extend the zone of drilling by 100 m to the southeast and 100 m to the west.Additional soil samples highlight the highly anomalous nature of the Buckingham Main Zone with gold-in-soil values of up to 10.3 g/t Au.Assay results from the ten-hole 1,218m Phase 1 - 2020 drill program are expected in the coming weeks.The locations of the eight proposed drill holes comprising the Phase 2 - 2020 Drill Program are presented in Figure 1 along with recently updated gold-in-soil geochemical data. Four of the proposed holes (A, B, C and D) are designed to test both the extension of the gold-bearing quartz vein 100 m to the southeast and highly anomalous soil samples. Two holes (B2 and C2) may be drilled to test the down-dip extension of the quartz vein. Proposed drill hole E will be drilled to test an extension to the main gold-in-soil geochemical anomaly at the zone for possible extensions to previously drilled zones of gold-bearing sericite-quartz-sulfide alteration zones that parallel the general north-south regional geological trend. Proposed drill hole F is designed to reduce drill hole spacing in the central portion of the structure and to confirm results from the previous operator (2016 drilling).Figure 1. Drill hole locati...