Aston Bay Announces Initiation of Airborne MobileMT Geophysical Survey and Expanded Claims Holdings at the High-Grade Copper-Silver Epworth Project, Nunavut, Canada
Aston Bay Holdings (TSXV:BAY)(OTCQB:ATBHF) has initiated a property-wide 8,105 line-km helicopter-borne MobileMT electromagnetic geophysical survey at the Epworth Project in Nunavut, Canada. The survey aims to identify copper exploration targets and delineate structures. The company has also expanded its claims by 11,900 hectares, bringing the total to 89,000 ha (890 km2).
A prospecting, sampling, and mapping program has been completed, with nearly 400 grab rock samples and 44 lake sediment samples collected for assay. The company is encouraged by preliminary results and has staked additional claims. The MobileMT survey utilizes natural lightning strikes to detect subsurface anomalies and has proven effective in similar mineralization elsewhere.
Aston Bay is eager to compile new and historical data to assist in targeting for anticipated drilling next year. The company believes the geophysical survey results will improve understanding of the geological environment and help develop targets for further work in 2025.
Aston Bay Holdings (TSXV:BAY)(OTCQB:ATBHF) ha avviato un sondaggio geofisico elettromagnetico MobileMT aereo di 8.105 km lineari presso il Progetto Epworth in Nunavut, Canada. L'indagine ha l'obiettivo di identificare i potenziali di esplorazione del rame e delineare le strutture. La società ha anche espanso le proprie concessioni di 11.900 ettari, portando il totale a 89.000 ettari (890 km²).
È stato completato un programma di prospezione, campionamento e mappatura, con quasi 400 campioni di roccia e 44 campioni di sedimenti lacustri raccolti per analisi. L'azienda è incoraggiata dai risultati preliminari e ha registrato ulteriori concessioni. Il sondaggio MobileMT utilizza fulmini naturali per rilevare anomalie sotterranee ed è risultato efficace in mineralizzazioni simili altrove.
Aston Bay è ansiosa di compilare dati nuovi e storici per aiutare nella definizione degli obiettivi per la perforazione prevista per il prossimo anno. L'azienda crede che i risultati del sondaggio geofisico miglioreranno la comprensione dell'ambiente geologico e aiuteranno a sviluppare obiettivi per ulteriori lavori nel 2025.
Aston Bay Holdings (TSXV:BAY)(OTCQB:ATBHF) ha iniciado un estudio geofísico electromagnético MobileMT de 8,105 km de líneas sobre el aire en el Proyecto Epworth en Nunavut, Canadá. El objetivo del estudio es identificar objetivos de exploración de cobre y delinear estructuras. La compañía también ha ampliado sus concesiones en 11,900 hectáreas, llevando el total a 89,000 ha (890 km²).
Se ha completado un programa de prospección, muestreo y mapeo, con casi 400 muestras de roca y 44 muestras de sedimento lacustre recolectadas para análisis. La empresa se siente alentada por los resultados preliminares y ha registrado concesiones adicionales. La encuesta MobileMT utiliza rayos naturales para detectar anomalías subterráneas y ha demostrado ser eficaz en mineralización similar en otros lugares.
Aston Bay está ansiosa por compilar datos nuevos e históricos para ayudar en la definición de los objetivos para la perforación anticipada del próximo año. La compañía cree que los resultados de la encuesta geofísica mejorarán la comprensión del entorno geológico y ayudarán a desarrollar objetivos para un trabajo adicional en 2025.
Aston Bay Holdings (TSXV:BAY)(OTCQB:ATBHF)는 캐나다 누나부트의 에포스 프로젝트에서 전체 8,105km 선의 헬리콥터 기반 MobileMT 전자기 지구물리학 조사를 시작했습니다. 이 조사는 구리 탐사 목표를 찾아내고 구조를 규명하는 것을 목표로 하고 있습니다. 회사는 또한 11,900헥타르의 청구권을 확장했습니다, 총 89,000헥타르(890 km²)가 되었습니다.
시추, 샘플링 및 지도 제작 프로그램이 완료되었으며, 거의 400개의 암석 샘플과 44개의 호수 퇴적물 샘플이 수집되었습니다 분석을 위해. 회사는 예비 결과에 고무되어 있으며 추가 청구권을 신청했습니다. MobileMT 조사는 자연적인 번개를 활용하여 지하의 이상 징후를 감지하며, 유사한 광물화에서 효과적임이 입증되었습니다.
Aston Bay는 내년 예상 시추를 목표로 새로운 데이터와 역사적 데이터를 수집하기를 열망하고 있습니다. 회사는 지구물리 조사 결과가 지질 환경에 대한 이해를 개선하고 2025년 추가 작업을 위한 목표 개발에 도움이 될 것이라고 믿고 있습니다.
Aston Bay Holdings (TSXV:BAY)(OTCQB:ATBHF) a lancé une enquête géophysique électromagnétique MobileMT par hélicoptère de 8 105 km linéaires sur le Projet Epworth au Nunavut, Canada. L'enquête vise à identifier des cibles d'exploration cuprifère et à délimiter des structures. La société a également élargi ses revendications de 11 900 hectares, portant le total à 89 000 ha (890 km²).
Un programme de prospection, d'échantillonnage et de cartographie a été achevé, avec près de 400 échantillons de roche et 44 échantillons de sédiments lacustres collectés pour analyse. L'entreprise est encouragée par les résultats préliminaires et a enregistré d'autres revendications. L'enquête MobileMT utilise des coups de foudre naturels pour détecter des anomalies souterraines et s'est révélée efficace pour des minéralisations similaires ailleurs.
Aston Bay est impatiente de compiler de nouvelles données et des données historiques pour aider à la définition des cibles pour le forage prévu l'année prochaine. L'entreprise croit que les résultats de l'enquête géophysique amélioreront la compréhension de l'environnement géologique et aideront à développer des cibles pour d'autres travaux en 2025.
Aston Bay Holdings (TSXV:BAY)(OTCQB:ATBHF) hat eine flächendeckende Luft-MobilMT elektromagnetische geophysikalische Untersuchung über 8.105 Linien-km beim Epworth-Projekt in Nunavut, Kanada, initiiert. Das Ziel der Untersuchung ist es, Kupferexplorationsziele zu identifizieren und Strukturen zu umreißen. Das Unternehmen hat zudem seine Ansprüche um 11.900 Hektar erweitert, was eine Gesamtfläche von 89.000 ha (890 km²) ergibt.
Ein Prospektions-, Probenahme- und Kartierungsprogramm wurde abgeschlossen, bei dem nahezu 400 Gesteinsproben und 44 Seesedimentproben gesammelt wurden zur Analyse. Das Unternehmen zeigt sich ermutigt durch die vorläufigen Ergebnisse und hat weitere Ansprüche angemeldet. Die MobileMT-Untersuchung nutzt natürliche Blitze, um Untergrundanomalien zu erkennen, und hat sich bei ähnlicher Mineralisierung an anderen Orten als effektiv erwiesen.
Aston Bay ist bestrebt, neue und historische Daten zusammenzustellen, um die Zielsetzung für die geplante Bohrungen im nächsten Jahr zu unterstützen. Das Unternehmen glaubt, dass die Ergebnisse der geophysikalischen Untersuchung das Verständnis des geologischen Umfelds verbessern und helfen werden, Ziele für weitere Arbeiten im Jahr 2025 zu entwickeln.
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HIGHLIGHTS
Property-wide 8,105 line-kilometre (line-km) helicopter-borne MobileMT electromagnetic ("EM") geophysical survey is underway to identify copper exploration targets and delineate regional and property-scale structures
9 claims added for an additional 11,900 hectares ("ha") (119 square kilometers ("km2")) to claims package now totaling 89,000 ha (890 km2)
Prospecting, sampling and mapping program now complete
Nearly 400 grab rock samples and 44 lake sediment samples collected for assay, 50 samples for petrological study
TORONTO, ON / ACCESSWIRE / August 29, 2024 / Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF) ("Aston Bay" or the "Company") is pleased to report on sampling, mapping and geophysical programs underway at the Epworth Project ("Epworth" or the "Project") in Nunavut.
Thomas Ullrich, Chief Executive Officer of Aston Bay,commented:
"We are excited to be working on our second high-grade copper project in Nunavut. Epworth has proven high-grade copper-silver-zinc mineralization at the surface, like our Storm Project, along with intriguing kicks of cobalt and gold.
"The prospecting team from Emerald Geological Services has just wrapped up their sampling program and Dr. Elizabeth Turner has completed her initial mapping program. Encouraged by the preliminary results, we have staked an additional 119 km2; our claims package now exceeds 890 km2.
"The MobileMT geophysical survey is now underway property-wide. This innovative method utilizes the natural energy of lightning strikes across the globe to produce electromagnetic fields to detect anomalies in the subsurface. The method has been proven effective in delineating both primary targets and structures in similar mineralization elsewhere and has recently been deployed at other projects in Nunavut. In addition to these new surveys, our consultants are digitizing and reinterpreting several historical geophysical surveys to assist in our understanding of the geological environment.
"We are eager to begin compilation of the new and historical data to assist in targeting for anticipated drilling next year."
Bruce MacLachlan from Emerald Geological Services, vendor of the Epworth Property, added:
"The recent prospecting and mapping program was highly successful, having discovered significant new copper mineralization and having gained a better understanding of historical showings. The results of the program, in conjunction with the ongoing geophysical survey and studies carried out by Dr. Elizabeth Turner, will guide the next phase of exploration as we hone in on the best target areas for future groundwork and drilling."
Prospecting, Mapping and New Claims
Geologists from Emerald Geological Sciences have recently completed a 35-day prospecting and rock and lake sediment sampling program at four critical areas on the property: Metallic South/Payback, Northwest Claims, Southwest Claims and the historical CBC Showing areas (Figures 1 and 2.) Nearly 400 grab rock samples and 44 lake sediment samples were collected for assay.
Figure 1: Location of the Epworth Project, Nunavut, Canada.
Figure 2. Expanded claim block and location of 2024 field season sampled areas, Epworth Project, Nunavut.
Dr. Elizabeth Turner, Technical Advisor to Aston Bay, conducted a seven-day helicopter-supported mapping program beginning in early August as well as a literature review. Dr. Turner collected 50 samples for petrological study in addition to conducting regional mapping and stratigraphic studies to better define the Epworth mineralization and place it in a regional geological context.
Encouraged by the initial feedback from the mapping crew, the Company has staked an additional 119 km2 in the north-west area of the project bringing the total claims package to over 890 km2 (Figure 1).
MobileMT Geophysical Survey
Expert Geophysical Systems has initiated an 8,105 line-km MobileMT EM geophysical survey spanning the entire expanded claim block. The survey will be conducted with 100-metre ("m") line spacing in the northern half of the claim block and 200m spacing in the southern half.
MobileMT uses naturally occurring electromagnetic fields generated by lighting discharges over the planet. The electromagnetic fields and the currents induced by these fields are used in MobileMT to understand the variations in the electrical resistivity of the subsurface. MobileMT is capable of delivering geoelectrical information from shallow to > 1 km depth range with high spatial and resistivity resolution. MobileMT system detects resistivity contrasts of geology structures and boundaries of any shape and in any direction due to total field (three-component) measurements.
The Company believes the results of the geophysical survey will greatly improve the understanding of the geological environment and, in conjunction with newly digitized historical geophysical data and new geological interpretations, will assist in developing targets for further work, including anticipated drilling, in 2025.
Qualified Person
Michael Dufresne, M.Sc., P.Geol., P.Geo., is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the scientific and technical information in this press release.
About Aston Bay Holdings
Aston Bay is a publicly traded mineral exploration company exploring for high-grade critical and precious metal deposits in Nunavut, Canada and Virginia, USA.
The Company is currently exploring the Storm Copper Property and Cu-Ag-Zn-Co Epworth Property 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
The Company and its joint venture partners, American West Metals Limited and its wholly-owned subsidiary, Tornado Metals Ltd. (collectively, "American West") have formed a 20/80 unincorporated joint venture in respect of the Storm Project property, which hosts the Storm Copper Project and the Seal Zinc Deposit. Under the unincorporated joint venture, Aston Bay shall have a free carried interest until American West has made a decision to mine upon completion of a bankable feasibility study, meaning American West will be solely responsible for funding the joint venture until such decision is made. After such decision is made, Aston Bay will be diluted in the event it does not elect to contribute its proportionate share and its interest in the Storm Project property will be converted into a
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 more information contact:
Thomas Ullrich, Chief Executive Officer
thomas.ullrich@astonbayholdings.com
(416) 456-3516
SOURCE: Aston Bay Holdings Ltd.
View the original press release on accesswire.com
FAQ
What geophysical survey is Aston Bay conducting at the Epworth Project?
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What is the purpose of the MobileMT geophysical survey at the Epworth Project?
