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Aston Bay Holdings Ltd.

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Summary

Project:

Storm

Deposit:Storm
Location:Canada
Commodities:Silver-Copper
Date:10/6/2016
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:6-10-2016: Aston Bay Holdings Ltd. announces an Exploration/Drilling Update report for its Storm deposit at the Storm project. Drill results incl. 16m @ 12.26g/t Ag, 3.07% Cu from 93m. Vancouver, Canada – October 6, 2016 – Aston Bay Holdings Ltd. (TSX-V:
Resources:x
CP/QP:[Overall Report]: Michael Dufrense (Internal)
ABSTRACT:Vancouver, Canada – October 6, 2016 – Aston Bay Holdings Ltd. (TSX-V: BAY) (“Aston Bay” or the “Company”) is pleased to announce that the Company has completed the summer exploration program at the Storm Property, Somerset Island, Nunavut and is providing a preliminary update. Further updates will be provided as results are received. During the 2016 exploration season, the Company drilled 1,951.1 metres (m) of core in 12 drill holes and collected 2,005 soil samples over an area of approximately 120 km north-south and 20 to 40 km east-west on the property. Exploration drilling was conducted at a number of specific geophysical and structural targets in the vicinity of the 4100N Zone, the 2750N Zone, and at the Tornado and Hurricane target areas. Assays for much of the drill core and soil samples are pending. The Company encountered visual copper mineralization in three of the 12 holes; results for these three holes have been received and a summary of the assays is provided in Table 1, below. All three of these holes intersected copper mineralization, potentially extending the 4100N Zone up to 225 m east and 100 m north of its known extent, with a best intersection of 16 m of 3.07% copper (Cu) and 12.26 grams per tonne (g/t) silver (Ag) in hole STOR1601D, starting at a downhole depth of 93 m. The drill hole intersection contains a higher grade zone of 8 m of 5.45% Cu and 22.73 g/t Ag (Table 1). The true widths of the intersected zones are unknown but are estimated to be approximately 75 to 100% of the core width intersected.

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