Aston Bay Reports Preliminary Assay Results from its Mountain Zinc-Copper Project, Virginia, USA Assay results confirm new zinc discovery at Mountain Project
Aston Bay Reports Preliminary Assay Results from its Mountain Zinc-Copper
Project, Virginia, USA
Assay results confirm new zinc discovery at Mountain Project
TORONTO, ON, April 7, 2022 – Aston Bay Holdings Ltd. (TSXV: BAY) (OTCQB: ATBHF)
("Aston Bay" or the "Company”) is pleased to present preliminary results from its recently
completed diamond drill program at the Mountain Zinc-Copper Project (the “Project”) in Central
Virginia.
A total of 3,746 metres (m) were drilled in 10 drill holes over a 1.6 x 0.7-kilometre (km) (1.0 x
0.4-mile) area. Highlights from the initial six holes include 0.46% Zn over 11.4 m (core interval)
in ABM-001, 0.49% Zn over 9.36 m (core interval) in ABM002 and 0.58% Zn over 5.47 m (core
interval) in ABM-005. Assay results from the final four holes are pending.
Zinc mineralization, with accompanying minor copper and lead, was encountered in all 10 drill
holes. The mineralization intersected in the drilling comprises stacked zones of disseminated and
semi-massive sphalerite and minor chalcopyrite and galena, with pyrite and pyrrhotite, hosted
within metamorphosed carbonate rocks. The style of mineralization suggests a SEDEX
(sedimentary exhalative) deposit model, a style of mineralization previously unrecognized in
Central Virginia.
“We are very pleased with this discovery of zinc mineralization in Virginia, an area where no
significant zinc has been previously reported,” stated Thomas Ullrich, CEO of Aston Bay. “This
is an important discovery, and it is just the beginning: we believe the area is highly prospective for
larger and higher-grade SEDEX-style mineralization. Zinc is critical to the green economy as well
as to US national security, having been recently added to the US Geological Survey’s draft list of
critical minerals. Aston Bay is proud to continue working towards a potentially significant future
contribution to the US domestic critical minerals supply chain.”
“The drill results, albeit not high grade, are amazing in that they substantiate a previously
unrecognized/unexplored SEDEX district with the potential to host multiple
zinc/lead/silver/copper deposits of significant size,” stated Don Taylor, advisor to Aston Bay.
“The drilling to-date is of limited extent when one considers the size and footprint of the overall
district. Surface sampling and geophysics have outlined additional targets for testing the
extensions of the known mineralization as well as other areas of similar mineral signatures.”
The Mountain Zinc-Copper Project sits within a 100 km (60 mile) trend of mineral occurrences
that is highly prospective for zinc, copper and lead deposits. The Company is the exclusive
holder of a proprietary database containing regional geophysical, stream sediment, geochemical
and drill data for the area. Aston Bay has entered into exploration agreements with local
landowners for over 2,127 acres (861 hectares) of land at the Project. Negotiations for
agreements over other prospective parcels continue as the Company seeks to further expand the
project area.
Intercepts of significant zinc mineralization are presented in Table 1. A map showing the location
of the drill holes and sections is presented in Figure 1. Two cross sections showing select drill
holes and a preliminary geological interpretation are presented in Figures 2 and 3. A complete
geological description will be presented when all assay results have been received and
interpretations finalized.
Figure 1: Location of drill collars and drill traces, Mountain Zinc-Copper Project, Virginia. Cross
sections traces A-A’ and B-B’. Local grid in metres.
Figure 2: Cross section A-A’ with significant zinc intercepts, Mountain Zinc-Copper Project,
Virginia. View looking northeast.
Figure 3: Cross section B-B' with significant zinc intercepts, Mountain Zinc-Copper Project,
Virginia. View looking northeast.
Table 1: Significant zinc mineralization intercepts for initial six drill holes, Mountain Zinc-
Copper Project, Virginia.
Drill hole From
(m)
To
(m)
Interval*
(m)
Zinc
(%)
ABM-001 278.06 279 0.94 1.58
and 283 294.4 11.4 0.46
including 283 286.23 3.23 0.79
ABM-002 127.5 128.5 1 1.05
and 333 342.36 9.36 0.49
including 338 340 2 1.31
ABM-003 257.37 261.95 4.58 1.40
ABM-004 106.8 110 3.2 0.74
including 108 110 2 1.06
ABM-005 237.53 243 5.47 0.58
including 237.53 240.08 2.55 1.03
ABM-007** 257.75 258.57 0.82 1.14
and 291.5 291.76 0.26 3.70
ABM-008 assays pending
ABM-009 assays pending
ABM-010 assays pending
ABM-011 assays pending
*core intervals are not true width
**ABM-006 was abandoned due to bad drilling conditions near
surface, replaced by nearby collar and drilled as ABM-007
Qualified Person
As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Andrew
Turner, P.Geol., 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.
About Aston Bay Holdings
Aston Bay is a publicly traded mineral exploration company exploring for base metals and gold
deposits in Virginia, USA, and Nunavut, Canada. The Company is led by CEO Thomas Ullrich
with exploration in Virginia directed by 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 currently drilling the Mountain Base Metals Project in Virginia, exploring the
Buckingham Gold Project, also in Virginia, and is in advanced stages of negotiation on other lands
in the area.
The Company is also 100% owner of the property Storm Project, which hosts the Storm Copper
Project and the Seal Zinc Deposit and has been optioned to American West Metals Limited.
For more information contact:
Thomas Ullrich, Chief Executive Officer
416-456-3516
Salisha Ilyas, Investor Relations
647-209-9200