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TORONTO, ON / ACCESSWIRE / March 24, 2020 / Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF)(FRANKFURT:6AY) (“Aston Bay” or the “Company”) announces that it has completed 1,218 metres (m) of conduct in ten design assignment holes at its Buckingham Gold Acreage amid in Axial Virginia, USA. A absolute of 2,000 m had been planned (see March 2, 2020 Aston Bay columnist release). Aston Bay has absitively to abeyance conduct operations in acknowledgment to the COVID-19 beginning to aegis the Aston Bay and conduct contractor’s cadre on site. Processing and sampling of the accomplished amount will abide with after-effects accepted in the advancing weeks. The Aggregation expects to resume conduct as bloom and assurance altitude allow.



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The accepted assignment affairs comprises aftereffect and step-out conduct at the Buckingham Main Zone. Quartz veining and/or silica-sulfide-sericite about-face were present in all ten holes, accretion on Aston Bay’s acknowledged 2019 assignment program. About-face and veining were intersected up to 65 m to the northwest and 35 m to the southeast forth bang from the 2019 drilling. In addition, quartz veining was intersected in a step-back aperture at a bottomward aperture abyss of 95.70 m. The veining and about-face are agnate in appearance to that encountered in the 2019 drilling. The logging and sampling of the 2020 assignment amount is advancing and analytic after-effects will be appear as anon as they are available.

The Buckingham Main Zone comprises a alternation of arresting gold-bearing quartz attitude outcrops that action forth a bang breadth of over 150 m that accept yielded bedrock grab sample appraisal ethics up to 701 grams/tonne (g/t) Au and contempo (2019) assignment intercepts of 35.61 g/t Au over 2.03m and 24.73 g/t Au over 3.57m (see June 5, 2019 Aston Bay release).



“We are absolute encouraged by the beheld after-effects in the step-out and step-back conduct at our Buckingham property,” declared Thomas Ullrich, CEO of Aston Bay. “We attending avant-garde to the assays from these holes, as able-bodied as resumption of conduct at both the Buckingham Main Zone and the afresh apparent Buckingham East Zone.”

QUALIFIED PERSON

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As per National Instrument 43-101 Standards of Acknowledgment for Mineral Projects, Andrew Turner, P.Geol., a adviser to Aston Bay, is the Qualified Person for the Aggregation and has prepared, accurate and accustomed the abstruse and accurate agreeable of this account release. The Aggregation carefully adheres to CIM Best Practices Guidelines in conducting, documenting, and advertisement its analysis activities.

About Aston Bay Holdings

Aston Bay is a about traded mineral analysis aggregation exploring for gold and abject metal deposits in Virginia, USA, and Nunavut, Canada. The Aggregation is led by CEO Thomas Ullrich with analysis in Virginia directed by the Company’s advisor, Don Taylor, the 2018 Thayer Lindsley Award champ for his analysis of the Taylor Pb-Zn-Ag Deposit in Arizona

The Aggregation has additionally acquired the absolute rights to an chip dataset over assertive -to-be clandestine acreage at the Blue Ridge Project and has active agreements with balk and acreage companies which grants the aggregation the advantage to charter the mineral rights to 11,065 acreage of acreage amid in axial Virginia. These acreage are amid aural a gold-copper-lead-zinc mineralized belt -to-be for Carolina slate belt gold deposits, as able-bodied as sedimentary VMS, exhalative (SEDEX) and Broken Hill (BHT) blazon abject metal deposits. Don Taylor, who led the antecedent aggregation to Blue Ridge and accumulated the dataset, has abutting the Company’s Advisory Board and will be administering the Company’s analysis activities for the Blue Ridge Project. The Aggregation is actively exploring the Buckingham Gold Project in Virginia and is in avant-garde stages of agreement on added acreage in the area.

The Aggregation is additionally 100% buyer of the Aston Bay Acreage amid on western Somerset Island, Nunavut, which neighbours Teck’s profitable, past-producing Polaris (Pb-Zn) Mine aloof 200km to the north. The Aston Bay Acreage hosts the Storm Chestnut Project and the Seal Zinc Deposit with drill-confirmed attendance of sediment-hosted chestnut and zinc mineralization.

The Company’s accessible acknowledgment abstracts are accessible on www.sedar.com.

FORWARD-LOOKING STATEMENTS

Statements fabricated in this columnist release, including those apropos the closing and the use of gain of the clandestine placement, administration objectives, forecasts, estimates, expectations, or predictions of the approaching may aggregate “forward-looking statement”, which can be articular by the use of codicillary or approaching tenses or by the use of such verbs as “believe”, “expect”, “may”, “will”, “should”, “estimate”, “anticipate”, “project”, “plan”, and words of agnate import, including variations thereof and abrogating forms. This columnist absolution contains advanced statements that reflect, as of the date of this columnist release, Aston Bay’s expectations, estimates and projections about its operations, the mining industry and the bread-and-butter ambiance in which it operates. Statements in this columnist absolution that are not accurate by absolute actuality are advanced statements, acceptation they absorb risk, ambiguity and added factors that could account absolute after-effects to alter materially from those bidding or adumbrated by such advanced statements. Although Aston Bay believes that the assumptions inherent in the advanced statements are reasonable, disproportionate assurance should not be placed on these statements, which administer alone at the time of autograph of this columnist release. Aston Bay disclaims any ambition or obligation to amend or alter any advanced statement, whether as a aftereffect of new information, approaching contest or otherwise, except to the admeasurement appropriate by balance legislation. We seek safe harbour.

Neither TSX Venture Exchange nor its adjustment casework provider (as that appellation is authentic in behavior of the TSX Venture Exchange) accepts albatross for the capability or accurateness of this account release.

FOR ADDITIONAL INFORMATION CONTACT:

Thomas Ullrich, Chief Executive [email protected] (416) 456-3516 Sofia Harquail, IR and Corporate [email protected] (647) 821-1337

SOURCE: Aston Bay Holdings Ltd.

View antecedent adaptation on accesswire.com: https://www.accesswire.com/582180/Aston-Bay-Holdings-Drills-1218-Meters-in-Ten-Holes-on-Its-Buckingham-Gold-Property-Virginia-Announces-Pause-in-Drilling

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Last Updated: March 24th, 2020 by admin
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