- Aston Bay reports on 2024 exploration plans for Epworth sediment-hosted copper-silver-zinc-cobalt project located in Nunavut, Canada
- Property has impressive copper, silver, zinc and cobalt grades at the surface
- Project includes airborne electromagnetic and magnetic survey, geological and structural mapping, prospecting, and rock and lake sediment sampling
With silver and copper projections looking good for this year, Aston Bay Holdings (TSX.V: BAY) (OTCQB: ATBHF) has announced its 2024 exploration plans for its Epworth sediment-hosted copper-silver-zinc-cobalt project located in Nunavut, Canada (https://ibn.fm/CcBjS). Aston Bay is a publicly traded mineral exploration company exploring for high-grade critical and precious metal deposits in Canada and the United States.
The company noted that it has $2 million in flow-through funds in place to be put to work this season, with additional financing available to support the planned exploration projects. Those projects include a 5,000 line-kilometer airborne electromagnetic and magnetic survey to identify copper exploration targets and delineate regional and property-scale structures, and geological and structural mapping, prospecting, and rock and lake sediment sampling, directed by Dr. Elizabeth Turner, to augment geophysical targeting. In addition, the company plans to hold community meetings in Kugluktuk to keep its community partners informed and involved.
“We are eager to get to work at our Epworth property,” said Thomas Ullrich, Aston Bay CEO. “The classic tale of exploration starts with high grade mineralization found at surface, then chased up with geological mapping and geophysical surveys that point to the drill targets leading to significant discovery at depth. That is how the major copper deposits of Central Africa were discovered, and that is our playbook for Epworth. We have impressive copper, silver, zinc and cobalt grades at the surface and are excited to begin the geophysical surveys and surface work to develop drill targets this season. And with drill permits already in hand and funding in place, we are ready continue on the path toward discovery next year.”
The potential at the Epworth property is promising. Mineralization at the location is similar in style to that in deposits of the Central African Copper Belt and Aston Bay’s Storm Copper Project. The company noted that chalcocite boulders at the surface yield up to 61.2% copper with 5,600 grams per tonne silver in select rock grab samples from more than 300 historic samples. In addition, recent prospecting rock grab samples yielded more than 37.8% copper, 27.4% zinc, 1,100 grams per tonne silver, 3 grams per tonne gold and 1,700 parts per million cobalt.
“Emerald Geological Services is excited to implement the 2024 field program in pursuing critical and precious metal discoveries, 30 years following the discovery of the chalcocite boulder by EGS’s founder,” said Bruce MacLachlan from Emerald Geological Services, vendor of the Epworth property.
The Epworth property is located approximately 80 kilometers southeast of the village of Kugluktuk (formerly Coppermine) in the Kitikmeot Region of Nunavut, Canada. Logistical access is provided by float plane and helicopter from Kugluktuk and the city of Yellowknife, 500 kilometers to the south. The size of the property has been significantly increased with recent staking. The property originally included 15 claims measuring more than 8,320 hectares; it now consists of 51 claims covering an area of 71,135 hectares.
Aston Bay is a publicly traded mineral exploration company exploring for high-grade critical and precious metal deposits in Nunavut, Canada, and the state of Virginia. 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 exploring the Storm Copper and Epworth properties in Nunavut and the high-grade Buckingham Gold Vein in central Virginia. The company is also in advanced stages of negotiation on other lands with high-grade critical metals potential in North America.
For more information, visit the company’s website at https://AstonBayHoldings.com.
NOTE TO INVESTORS: The latest news and updates relating to ATBHF are available in the company’s newsroom at https://ibn.fm/ATBHF
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