Aston Bay Holdings Commences 2013 Field Program at the Storm Property
09 Juillet 2013 - 8:02PM
Access Wire
Vancouver, British Columbia - July 9, 2013 - Aston Bay Holdings
Ltd. (TSX-V: BAY) ("Aston Bay" or the "Company") today announced
that it has commenced the 2013 field program at the Storm Property
located on Somerset Island in Nunavut Territory. Crews were
mobilized to the property beginning on July 2, 2013, and
exploration work is expected to be carried out over a two-week
period.
The goal of the 2013 field program for the Storm Copper prospect
is to obtain a better understanding of the mineralization
previously identified as well as to prioritize untested targets for
future drilling. The Company's focus at the Seal Zinc prospect will
be the acquisition of data that may contribute to the development
of a possible maiden resource as recommended in the NI 43-101
compliant Technical Report on the Exploration History and Current
Status of the Storm Project, Somerset Island, Nunavut, dated
October 31, 2012, which has been electronically filed with
regulators by Aston Bay and is available for viewing under Aston
Bay's profile on SEDARBruce Counts2013-07-09T06:33:00
I would like to remove this inserted paragraph altogether and
revert back to the original. I prefer to be less definitive about
the 2013 program. I also believe that the legal style language used
dilutes the clarity of the message. If we must put in reference to
the program recommended by the NI 43-101 report let's put it
farther down in the news release. For the record...I don't think
the legal language is necessary - I agree (MD)
.
"We are eager to get the 2013 field program underway," said
Bruce Counts, COO of Aston Bay. "The work that we conduct this year
will provide critical information to assessing the potential of the
Storm Copper and Seal Zinc prospects."
"We have a unique opportunity to overlay the modern time domain
electromagnetic (VTEM) survey with historical data we licensed
earlier this year," added Benjamin Cox, President and CEO of the
Company. "One goal of the summer 2013 program is to be able to
solidify management's technical understanding of these
projects."
Storm Copper Prospect
The Storm Copper prospect hosts several strata-bound zones of
copper mineralization located approximately 20 kilometres (km)
inland from Aston Bay and the Seal Zinc prospect. It is intended
that work on the Storm prospect in 2013 may include the
following:
Shoulder Sampling
-Sampling of the historic drill core adjacent to sections
previously analyzed to broaden the results footprint of the
mineralized bodies. The sampling is necessary for any future
resource estimations that might be contemplated, and it is hoped
that the identification of broad halos of low-grade mineralization
might improve the understanding of the mineralized zones.
Rock and Soil Sampling
-Rock and soil samples will be collected over prospects
identified in the 2011 VTEM survey and identified in the reworking
of historic ground geophysical survey data, with the goal of
establishing priority drill targets for the 2014 season.
Seal Zinc Prospect
The Seal Zinc prospect is a strata-bound zone of zinc
mineralization that is located within 300 metres of tidewater at
Aston Bay, on the northwest coast of Somerset Island. Work on the
Seal prospect in 2013 may include the following:
Metallurgical and Core Sampling
-Surface and Core samples will be collected along the strike of
the exposed Seal mineralization for the purpose of metallurgical
testing and for additional information that could be used in a
possible maiden resource estimate that might be contemplated in
future.
The content of this news release and the technical information
that forms the basis for this disclosure has been prepared under
the supervision of Michael Dufresne, M.Sc., P.Geol., who is the
Qualified Person as defined by NI 43-101 and a consultant to Aston
Bay.
About Aston Bay Holdings:
Aston Bay Holdings Ltd. (TSX-V: BAY) is a publicly traded
mineral exploration company focused on the 250,000 acre Storm
Property located on northwest Somerset Island, Nunavut. The
property hosts the Storm Copper and Seal Zinc prospects. Aston Bay
holds the right to earn or buy up to a 100% undivided interest in
the Storm Property from Commander Resources Ltd. (TSX-V: CMD).
On behalf of the Board of Directors,
Benjamin Cox, Chief Executive Officer
Telephone: (360) 262-6969
For further information about Aston Bay Holdings Ltd or this
news release, please visit our website at
www.astonbayholdings.com.
Neither the TSX Venture Exchange Inc. nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release contains certain statements that may be deemed
"forward-looking statements". Forward-looking statements are
statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and
similar expressions, or that events or conditions "will", "would",
"may", "could" or "should" occur. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results may differ materially from
those in forward-looking statements. Forward-looking statements are
based on the beliefs, estimates and opinions of the Company's
management on the date the statements are made. Except as required
by law, the Company undertakes no obligation to update these
forward-looking statements in the event that management's beliefs,
estimates or opinions, or other factors, should change.
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