Aston Bay Holdings Commences 2013 Field Program at the Storm Property
(via Thenewswire.ca)
Vancouver, British Columbia - July 9, 2013 - Aston Bay Holdings Ltd.
(TSX-V: BAY) ("Aston Bay" or the "Company") today
announced that it has commenced the 2013 field program at the Storm
Property located on Somerset Island in Nunavut Territory. Crews were
mobilized to the property beginning on July 2, 2013, and exploration
work is expected to be carried out over a two-week period.
The goal of the 2013 field program for the Storm Copper prospect is to
obtain a better understanding of the mineralization previously
identified as well as to prioritize untested targets for future
drilling. The Company's focus at the Seal Zinc prospect will be the
acquisition of data that may contribute to the development of a
possible maiden resource as recommended in the NI 43-101 compliant
Technical Report on the Exploration History and Current Status of the
Storm Project, Somerset Island, Nunavut, dated October 31, 2012, which
has been electronically filed with regulators by Aston Bay and is
available for viewing under Aston Bay's profile on SEDARBruce
Counts2013-07-09T06:33:00
I would like to remove this inserted paragraph altogether and revert
back to the original. I prefer to be less definitive about the 2013
program. I also believe that the legal style language used dilutes
the clarity of the message. If we must put in reference to the program
recommended by the NI 43-101 report let's put it farther down in the
news release. For the record...I don't think the legal language is
necessary - I agree (MD)
.
"We are eager to get the 2013 field program underway," said
Bruce Counts, COO of Aston Bay. "The work that we conduct this
year will provide critical information to assessing the potential of
the Storm Copper and Seal Zinc prospects."
"We have a unique opportunity to overlay the modern time domain
electromagnetic (VTEM) survey with historical data we licensed earlier
this year," added Benjamin Cox, President and CEO of the Company.
"One goal of the summer 2013 program is to be able to solidify
management's technical understanding of these projects."
Storm Copper Prospect
The Storm Copper prospect hosts several strata-bound zones of copper
mineralization located approximately 20 kilometres (km) inland from
Aston Bay and the Seal Zinc prospect. It is intended that work on the
Storm prospect in 2013 may include the following:
Shoulder Sampling
-Sampling of the historic drill core adjacent to sections previously
analyzed to broaden the results footprint of the mineralized bodies.
The sampling is necessary for any future resource estimations that
might be contemplated, and it is hoped that the identification of
broad halos of low-grade mineralization might improve the
understanding of the mineralized zones.
Rock and Soil Sampling
-Rock and soil samples will be collected over prospects identified in
the 2011 VTEM survey and identified in the reworking of historic
ground geophysical survey data, with the goal of establishing priority
drill targets for the 2014 season.
Seal Zinc Prospect
The Seal Zinc prospect is a strata-bound zone of zinc mineralization
that is located within 300 metres of tidewater at Aston Bay, on the
northwest coast of Somerset Island. Work on the Seal prospect in 2013
may include the following:
Metallurgical and Core Sampling
-Surface and Core samples will be collected along the strike of the
exposed Seal mineralization for the purpose of metallurgical testing
and for additional information that could be used in a possible maiden
resource estimate that might be contemplated in future.
The content of this news release and the technical information that
forms the basis for this disclosure has been prepared under the
supervision of Michael Dufresne, M.Sc., P.Geol., who is the Qualified
Person as defined by NI 43-101 and a consultant to Aston Bay.
About Aston Bay Holdings:
Aston Bay Holdings Ltd. (TSX-V: BAY) is a publicly traded mineral
exploration company focused on the 250,000 acre Storm Property located
on northwest Somerset Island, Nunavut. The property hosts the Storm
Copper and Seal Zinc prospects. Aston Bay holds the right to earn or
buy up to a 100% undivided interest in the Storm Property from
Commander Resources Ltd. (TSX-V: CMD).
On behalf of the Board of Directors,
Benjamin Cox, Chief Executive Officer
Telephone: (360) 262-6969
For further information about Aston Bay Holdings Ltd or this news
release, please visit our website at www.astonbayholdings.com.
Neither the TSX Venture Exchange Inc. nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This news release contains certain statements that may be deemed
"forward-looking statements". Forward-looking statements are
statements that are not historical facts and are generally, but not
always, identified by the words "expects",
"plans", "anticipates", "believes",
"intends", "estimates", "projects",
"potential" and similar expressions, or that events or
conditions "will", "would", "may",
"could" or "should" occur. Although the Company
believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results may differ
materially from those in forward-looking statements. Forward-looking
statements are based on the beliefs, estimates and opinions of the
Company's management on the date the statements are made. Except as
required by law, the Company undertakes no obligation to update these
forward-looking statements in the event that management's beliefs,
estimates or opinions, or other factors, should change.
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