Copper, silver, zinc mineralization extends for over 74 kilometers
Just two days ago, Aston Bay (TSX.V: BAY, FSE: 6AY, WKN: A2AUFP) entered into the definitive agreement with Emerald Geological Services to acquire the Epworth Project. With this agreement, Aston Bay Holdings has the option to earn an undivided 80% interest in the Epworth copper-silver-zinc-cobalt project in Nunavut, Canada.
The Epwoth project has interesting geology as its mineralization is similar to the deposits of the Central African Copper Belt and the Storm Copper Project that Aston Bay Holdings is developing with American West. A long trend of sediment-hosted, sheeted copper, silver, zinc and cobalt mineralization extends over 74 kilometers on the project.
Chalcocite boulders identified on the ground contain up to 61.2% copper with 5,600 g/t silver in selected rock grab samples from over 300 historical samples. More recent sampling has returned up to 37.8% copper, 27.4% zinc, 1,100 g/t silver, 3.0 g/t gold and 1,700 ppm cobalt. In order to acquire 80% of the project, Astion Bay must invest three million Canadian dollars (CAD) over a period of four years in the further development of the project.
An airborne electromagnetic geophysical program is planned as the next development step. It is scheduled to be carried out in late spring 2024. As the land use permit has already been granted, a mapping program is planned for the summer of 2024. Initial drilling on the project could potentially be scheduled as early as late summer.
Dr. Elizabeth Turner appointed to the Technical Advisory Board
“We are pleased to sign the definitive agreement for the Epworth property,” said Thomas Ullrich, CEO of Aston Bay Holding. “We are also very pleased that Dr. Elizabeth Turner has joined our Technical Advisory Board. Dr. Turner has a wealth of knowledge gained from over three decades of field work in northern Canada and more recently in Central Africa. Her academic focus on the control of mineralization in sedimentary rocks also makes her an excellent source of knowledge to complement our experienced group of technical advisors and staff.”
Dr. Elizabeth Turner joins Aston Bay Holdings’ Technical Advisory Board for her expertise in the spatial and geological control of sedimentary rock ore deposits. Her expertise in ore-bearing sedimentary systems, ore-forming fluids and events, carbonate and siliclastic lithofacies and diagenesis, stratigraphy, basin analysis and hydrothermal systems is based on more than 30 years of field research in Proterozoic and Paleozoic sedimentary basins in northern Canada and central Africa, as well as extensive microanalytical studies of the nature and evolution of ore-forming fluids and the controls exerted by ore-bearing rocks.
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