Aston BAY Announces Completion of 2018 Summer Drilling Program
FOR IMMEDIATE RELEASE TSX-V: BAY
ASTON BAY ANNOUNCES COMPLETION OF 2018 SUMMER DRILLING PROGRAM
August 30, 2018 – Toronto, ON – Aston Bay Holdings Ltd. (TSX-V: BAY) ("Aston Bay" or the
"Company") is pleased to announce the completion of its 2018 summer exploration drilling
program at its Aston Bay Property located on Somerset Island, Nunavut.
A total of 3 ,135 metres of diamond drilling were completed in nine holes, targeting copper and
zinc mineralization in the vicinity of both the Storm Copper prospect and Seal Zinc deposit. Core
intersections with sulfide mineralization have been halved and sent for assay, with results expected
by early October 2018.
Preparations for the anticipated 2019 exploration drill program have also been made: both diamond
drill rigs used in the program are stored at site, tents and structures at the exploration camp remain
in place and drilling salt is being delivered by sea lift to Resolute Bay.
“Challenging logistics due to record cold weather and fog decreased planned flight hours this
season. These unexpected conditions resulted in a reduction of the planned meterage. Adjustments
will be made to compensate during our expected 2019 drill program,” stated Thomas Ullrich, CEO
of Aston Bay. “We look forward to this season’s results as confirmation of our exploration
rationale and in continued refinement of targeting.”
QUALIFIED PERSON
As per National Instrument 43- 101 Standards of Disclosure for Mi neral Projects, Michael
Dufresne, M.Sc., P.Geol., P.Geo., a Director of and a consultant to Aston Bay, is the Qualified
Person for the Company and has prepared, validated and approved the technical and scientific
content of this news release. The Company s trictly adheres to CIM Best Practices Guidelines in
conducting, documenting, and reporting its exploration activities on the Storm Project.
ABOUT ASTON BAY HOLDINGS LTD.
Aston Bay Holdings Ltd. is a publicly traded mineral exploration company exploring for large,
high-grade, sediment-hosted copper and zinc deposits in North America. Aston Bay is 100% owner
of the 1,024,345-acre (414,537-hectare) Aston Bay Property located on western Somerset Island,
Nunavut. The Aston Bay Property hosts the Storm Copper Project and the Seal Zinc Prospect, with
historical drilling confirming the presence of sediment-hosted copper and zinc mineralization. The
Company has also entered into an agreement to acquire exclusive rights to an integrated
geophysical, geochemical and geological dataset over a 1.2 million-acre (0.5 million-hectare) area
located in central Virginia, USA . The Company’s public disclosure documents are available on
www.sedar.com.
FORWARD-LOOKING STATEMENTS
Statements made in this press release, including those regarding the completion of the acquisition,
management objectives, forecasts, estimates, expectations, or predictions of the future may
constitute "forward-looking statement", which can be identified by the use of conditional or future
tenses or by the use of such verbs as "believe", "expect", "may", "will", "should", "estimate",
"anticipate", "project", "plan", and words of similar import, including variations thereof and
negative forms. This press release contains forward-looking statements that reflect, as of the date
of this press release, Aston Bay’s expectations, estimates and projections about its operations, the
mining industry and the economic environment in which it operates. Statements in this pres s
release that are not supported by historical fact are forward -looking statements, meaning they
involve risk, uncertainty and other factors that could cause actual results to differ materially from
those expressed or implied by such forward looking statements. Although Aston Bay believes that
the assumptions inherent in the forward-looking statements are reasonable, undue reliance should
not be placed on these statements, which apply only at the time of writing of this press release.
Aston Bay disclaims any intention or obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise, except to the extent required
by securities legislation. We seek safe harbour.
Neither TSX Venture Exchange no r its regulation services provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
news release.
FOR ADDITIONAL INFORMATION CONTACT:
Thomas Ullrich, Chief Executive Officer
Telephone: (416) 456-3516