Vancouver, British Columbia - September
3, 2013 - Aston Bay
Holdings Ltd. (TSX-V: BAY) ("Aston Bay" or the "Company") today
provided a summary of historical drill results and technical data
at the 2200N and 2750N Zones from the Company's Storm Copper
Project ("Storm Copper").
Highlights from the historic drilling include
49 metres (m) core length grading
1.79% copper (Cu) from surface at the 2200N
Zone as well as 110m core
length grading 2.45% Cu from surface and 56m core length
grading 3.07% Cu from 12.2m at the 2750N
Zone. The two zones are separated by 500m and are characterized by
outcropping copper mineralization and a strong electromagnetic (EM)
response.
"These
drill results clearly demonstrate the exceptional potential of the
Storm Copper Project," says Bruce Counts, Chief Operating Officer
of Aston Bay Holdings Ltd. "The Property has a solid foundation of
historic data from which the Aston Bay team can build and we are
eager to continue advancing the project."
To View Map Image, please
copy and paset URL below into a new browesr:
http://thenewswire.ca/client_files/2013-09-03-0.pdf
Above: Aerial views of malachite and azurite
copper mineralization
in outcrop at Storm Copper's 2200N
Zone.
For more
images showing the 2200N and 2750N Zones, please go to:
http://tinyurl.com/ABH2200N-2750N-pdf
The results presented
here include data acquired from Teck Metals Ltd. (see Aston Bay
news release dated January 9, 2013) and not previously available.
Similar results for the 3500N and 4100N Zones will be released to
the public as a comprehensive database is compiled and interpreted.
The table below lists a summary of grades from holes drilled at
Storm Copper's 2200N and 2750N Zones.
------------------------------------------------------------------
|Hole ID |Zone/Target|From (m)|To (m)|Drilled Length (m)*|Cu (%)|
|----------------------------------------------------------------|
|ST97-02 |2200 |0.0 |5.1 |5.1 |11.84 |
|----------------------------------------------------------------|
|ST97-03 |2200 |0.0 |49.0 |49.0 |1.79 |
|----------------------------------------------------------------|
|ST97-05 |2200 |28.5 |38.2 |9.7 |1.22 |
|----------------------------------------------------------------|
| | | | | | |
|----------------------------------------------------------------|
|ST97-06 |2750 |35.4 |38.0 |2.6 |6.83 |
|----------------------------------------------------------------|
|ST97-08 |2750 |0.0 |110.0 |110.0 |2.45 |
|----------------------------------------------------------------|
|Including| |25.2 |58.0 |32.8 |5.40 |
|----------------------------------------------------------------|
|ST97-09 |2750 |62.3 |86.9 |24.6 |2.16 |
|----------------------------------------------------------------|
|ST99-19 |2750 |12.2 |68.5 |56.3 |3.07 |
|----------------------------------------------------------------|
|Including| |22.0 |46.6 |24.6 |6.17 |
|----------------------------------------------------------------|
|ST99-22 |2750 |48.9 |58.4 |9.5 |1.66 |
------------------------------------------------------------------
*Note: All drill
intercepts reported are core length and may not be indicative of
true width of mineralization
In 2011, a 3,970km
helicopter-borne Versatile Time-Domain Electromagnetic (VTEM)
survey was completed over the Storm Property. Strong conductivity
responses were identified coincident with the 2200N and 2750N Zones
and results suggest that mineralization in both zones may extend
laterally and to depth beyond the current drilling envelope.
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copy and paset URL below into a new browesr:
http://thenewswire.ca/client_files/2013-09-03-1.pdf
Above: VTEM survey from Storm Copper's 2200N
and 2750N Zones Showing Tested and Untested Conductive
Anomalies.
"There is ample evidence
to suggest that the dimensions of the mineralization at the 2200N
and 2750N Zones is significantly larger than has been defined by
the historic drilling," said Bruce Counts. "The results of the VTEM
survey, coupled with the geologic model developed from drill core,
indicate that mineralization may extend well below the deepest
hole."
http://thenewswire.ca/client_files/2013-09-03-3.pdf
To View Image, please
copy and paset URL below into a new browesr:
Above: 3D conductivity depth section and
drillholes from Storm Copper's 2200N and 2750N Zones.
The 2200N Zone is exposed along the Aston River ridge
proximal to the 2200N fault. The Zone is defined by a 600m zone of surface malachite and
azurite in frost boils and bedrock chips, with subsurface
continuity of mineralization interpreted from historic Induced
Polarization/Resistivity (IP) and Horizontal Loop Electromagnetic
(HLEM) surveys. A series of seven (7) widely-spaced diamond drill
holes completed during 1997 and 1999 define a 550m long, 200m wide
mineralized zone consisting of poddy to net-textured chalcocite and
bornite occurring as breccia cement, fracture fill and veins to a
depth of 100m. Semi-massive sulphide zones are separated by wider
zones of vein and stringer mineralization. Fine-grained,
disseminated native copper occurs in near vertical, net textured
veinlets and stringers proximal to the 2200N Fault. Preliminary
geologic modeling of the 2200N Zone indicates the presence of four
shallowly dipping stacked stratabound mineralized horizons and a
vertical feeder zone.
At surface, the 2750N Zone is marked by a 100m long,
east-west trending malachite-stained gossan adjacent to the 2750N
Fault. A total of thirteen (13) diamond drill holes completed between 1996 and
1999 testing surface mineralization and IP anomalies intersected
copper mineralization over a 270m strike length from surface to a
minimum depth of 80m, the zone narrows from 50m at surface to 25m
at depth, and occurs in an area of complex faulting. The 2750N Zone
appears to be structurally controlled with a strong vertical
component to the mineralized body. A progressive zonation of copper
minerals both vertically and laterally away from the 2750N Fault
has been identified from the historic drilling, with a near surface
chalcocite-bornite zone giving way to a chalcopyrite zone at
depth.
Next
Steps
Over the
coming months, historic data will be integrated with the
information collected during the 2013 field program to provide a
more concise understanding of the mineralization at the Storm
Copper and Seal Zinc
prospects. Select information will be released to the market as the
data is interpreted and the Company grows its knowledge of the
copper and zinc-mineralized zones on the Storm Property.
Qualified Person
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 345,033
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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