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Aston Bay Holdings Ltd.

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Summary

Project:

Aston Bay

Deposit:Storm
Location:Canada
Commodities:Silver-Zinc
Date:10/23/2018
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:23-10-2018: Aston Bay Holdings Ltd. announces an Exploration/Drilling Update report for its Storm deposit at the Aston Bay project. Drilling results incl. 20.5m @ 0.56% Cu from 62.5m. October 23, 2018 – Toronto, ON – Aston Bay Holdings Ltd. (TSX-V: BAY; O
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Micheal Dufresne (Independent)
ABSTRACT:October 23, 2018 – Toronto, ON – Aston Bay Holdings Ltd. (TSX-V: BAY; OTCQB: ATBHF) ("Aston Bay" or the "Company") is pleased to announce the results of its 3,135-metre, nine-hole 2018 summer exploration drilling program at its Aston Bay Property located on Somerset Island, Nunavut. The property is underlain by Paleozoic carbonate rocks prospective for high-grade copper and zinc mineralisation, with demonstrated affinities to the nearby past-producing Polaris zinc mine. The program comprised seven holes at the Storm copper prospect and two along strike from the Seal zinc deposit. Targets were based primarily on interpreted gravity gradiometry anomalies proximal to known mineralisation at Storm and Seal. Unusually challenging weather reduced the planned meterage for this drill season and several anomalies remain untested. The majority of the drill holes were relatively shallow at approximately 300m or less (Table 1). VTEM and gravity gradiometry delineate copper mineralization at Storm At Storm, hole AB18-09 targeted a 200 by 200 metre VTEM anomaly coincident with the western flank of a gravity anomaly, ~2.2 kilometres along strike from the 2750N zone (Figures 1 and 2). An historical drill hole, ST97-15, was drilled northwards to intersect local copper mineralisation (3m grading 1.5% Cu) on what Aston Bay’s modelling interpreted as the flank of the VTEM anomaly. Drill hole AB18-09 was drilled southwards and intersected significant copper in variably brecciated dolomudstone of the Allen Bay Formation from 39 to 83 metres downhole, primarily as fracture-controlled chalcocite with lesser to minor chalcopyrite, native copper and cuprite. Significant results within the 44m copper mineralized zone include

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