Aston Bay Completes Initial Drill Program at its Buckingham Gold Property in Virginia, USA
Aston Bay Completes Initial Drill Program at its Buckingham Gold Property
in Virginia, USA
TORONTO, ON / ACCESSWIRE / April 30, 2019 / Aston Bay Holdings Ltd. (TSX-V: BAY;
OTCQB: ATBHF) ("Aston Bay" or the "Company"), through its wholly owned subsidiary Blue
Ridge Mining Inc. ("Blue Ridge" or "BRM"), is pleased to announce that it has completed its
initial drill program on its recently acquired Buckingham Gold Property located in Central
Virginia, USA. A total of 878 meters were drilled in six drill holes targeting gold-bearing quartz
veining and disseminated mineralization. Sampling of the core is ongoing, with results
anticipated in the coming weeks.
"The program was initiated quickly and executed smoothly," stated Thomas Ullrich, CEO of
Aston Bay. "The drilling tested a small area of a larger gold anomaly. We look forward to the
results setting a solid foundation for further exploration and drilling in this area."
QUALIFIED PERSON
As per National Instrument 43-101 Standards of Disclosure for Mineral 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 strictly adheres to CIM Best Practices Guidelines in
conducting, documenting, and reporting its exploration activities on the Company's Aston Bay
and Blue Ridge Mining Projects.
ABOUT ASTON BAY HOLDINGS LTD.
Aston Bay is a publicly traded mineral exploration company exploring for large, high-grade,
copper, zinc and precious metal deposits in Nunavut, Canada and Virginia, USA. The Company
is led by CEO Thomas Ullrich with exploration directed by Chief Geologist Dr. David
Broughton, the award-winning co-discoverer of Kamoa-Kakula and Flatreef, in conjunction with
the Company's advisor, Don Taylor, the 2018 Thayer Lindsley Award winner for his discovery
of the Taylor Pb-Zn-Ag Deposit in Arizona.
The Company is 100% owner of the 1,024,345-acres (414,537-hectares) Aston Bay Property
located on western Somerset Island, Nunavut, which neighbours Teck's profitable, past-
producing Polaris (Pb-Zn) Mine just 200km to the north. The Aston Bay Property hosts the
Storm Copper Project and the Seal Zinc Deposit with drill-confirmed presence of sediment-
hosted copper and zinc mineralization.
The Company has also acquired the exclusive rights to an integrated dataset over certain
prospective private lands at the Blue Ridge Project, located in central Virginia. These lands are
located within a copper-lead-zinc-gold-silver mineralized belt, prospective for sedimentary
exhalative (SEDEX) and Broken Hill (BHT) type base metal deposits, as well as Carolina slate
belt gold deposits. Don Taylor, who led the predecessor company to Blue Ridge and assembled
the dataset, has joined the Company's Advisory Board and will be directing the Company's
exploration activities for the Blue Ridge Project.
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 press 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 nor 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
Sofia Harquail, IR and Corporate Development
Telephone: (647) 821-1337
SOURCE: Aston Bay Holdings Ltd.