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Aston Bay Reports 18.8 Metres of 10.58% Zinc and 28.7 G/T Silver from Historic Drill Results at the Seal Zinc Prospect
(via Thenewswire.ca) Vancouver, British Columbia - November 12, 2013 - Aston Bay Hol...
About this update from Aston Bay Holdings Ltd.
[{"type":"text","content":"Aston Bay Reports 18.8 Metres of 10.58% Zinc and 28.7 G/T Silver from Historic Drill Results at the Seal Zinc Prospect(via Thenewswire.ca)\n \n \nVancouver, British Columbia - November 12, 2013 - Aston Bay Holdings Ltd. (TSX-V: BAY) (\"Aston Bay\" or the \"Company\") today provided a summary of historical drill results and technical data from the Company's Seal Zinc prospect (\"Seal Zinc\" or \"Seal\") in the Nunavut Territory.\n\n \n \nThe results tabled below demonstrate a cohesive zone of strata-bound zinc and silver mineralization located approximately 250 metres (m) from tidewater. Drilling has confirmed that mineralization is present over 450m of strike length and has a true thickness that varies from approximately 10m to approximately 25m. Mineralization remains open along strike and down dip within the host stratigraphic unit. \n\n \n \n\"The drill results from the Seal prospect and its proximity to tidewater confirm the compelling nature of this project,\" says Bruce Counts, Chief Operating Officer of Aston Bay Holdings Ltd. \"Seal compliments the Storm Copper prospect 20 kilometres (km) to the east, and the Aston Bay team is eager to advance this prospect towards a National Instrument 43-101-compliant resource and a Preliminary Economic Assessment.\"\n\n \n \nAston Bay's focus at Seal has been to acquire the data necessary to conduct a Preliminary Economic Assessment (PEA) of the project as quickly as possible. During the 2013 summer field program a principal engineer from P&E Mining Consultants Inc. made a site visit to Seal Zinc and collected representative samples of drill core. The historic drill hole data will be combined with data collected in 2013, with the goal of establishing a maiden NI 43-101-compliant Resource Estimate in 2014, if supported by market conditions. In addition, a 200 kilograms (kg) sample of mineralized surface rock was collected at Seal Zinc for the purpose of metallurgical testing.\n\n \n \n\"The Seal Zinc prospect has the potential to be a small but valuable project,\" says Benjamin Cox, President and Chief Executive Officer of Aston Bay Holdings Ltd. \"Going forward, the work at Seal will be designed to facilitate the evaluation of a range of small-scale development alternatives, including scenarios where mineralized rock is shipped directly to off-site processing facilities.\"\n\n\n \...