Soil Sampling and Prospecting Program Commence At The Buckingham Gold Property in Virginia

TORONTO, ON - Aston Bay Holdings Ltd. has initiated a soil sampling and prospecting program on its Buckingham Gold Property located in Central Virginia. This is the first soil sampling program conducted on the property, expanding from known sub-cropping quartz containing visible gold that has yielded up to 701 g/t Au (20.4 ounces Au per short ton) in surface grab samples.

Recent drilling by Aston Bay at the Buckingham Gold Property intersected significant gold mineralization in quartz veins, including 35.61 g/t Au over 2.03m core length in hole BUCK19-001, 20.44 g/t over 3.30m and 34.25 g/t over 0.5m core length in hole BUCK19-003, and 24.73 g/t over 3.57m including 62.51 g/t over 1.39m core length in hole BUCK19-004. Broad zones of gold mineralization associated with sericite-quartz-pyrite alteration were intersected as well: 2.16 g/t Au over 18.07m including 17.45 g/t Au over 1.57m core length and 1.90 g/t Au over 22.22m including 19.30 g/t Au over 1.5m core length in BUCK19-005 (see June 27, 2019 Aston Bay release). Based upon multiple vein intersections, the estimated true width is 80% of the core interval.

“We are excited to continue with gold exploration on this property,” stated Thomas Ullrich, CEO. “It is an opportune time to begin this program at Buckingham Gold, as by the end of the month we anticipate expanding the program to a larger surrounding area to examine a significant gold-in-soil anomaly that extends for over 4.5 kilometers.”

The program will comprise orientation geochemical surveys over the area of outcropping gold-bearing quartz mineralization, including both soil and rock chip sampling. Soil sampling will be initially conducted on a 50m x 25m spaced grid over the entire property; locally, samples will be collected on 12.5m spacing in the area of the known mineralized quartz vein. Additionally, a prospecting program will target outcropping quartz veins and subcrop.

The gold-bearing system is hosted within a package of likely Cambrian-age sediments, including greywackes with minor quartz-arenites (phyllite, schist and quartzites), within the Appalachian orogenic belt. This region is the site of the historically prolific Pyrite Belt which hosted a reported 250 gold mines that were in production prior to the California gold rush of 1849 but has seen little recent mineral exploration. Gold production has also occurred to the south in the Carolina Slate Belt, notably at Oceana Gold’s Haile Mine located in South Carolina with commercial production commencing in 2017 and slated to produce up to 150,000 ounces of gold per year.

The Company has also acquired the exclusive rights to an integrated dataset over certain prospective private lands at the Blue Ridge Project, located in central Virginia. These lands are located within a copper-lead-zinc-gold-silver mineralized belt, prospective for sedimentary exhalative (SEDEX) and Broken Hill (BHT) type base metal deposits, as well as Carolina slate belt gold deposits. 

The company’s address is 80 Richmond St.. Ste. 303, Toronto, ON M5H 2A4, (416) 456-3516, astonbayholdings.com.