Epworth Project Summary
The Epworth Project is located in Nunavut, ~500km north of the city of Yellowknife in the Northwest Territories, and ~80 km south-southeast of the town of Kugluktuk (Coppermine) in Nunavut on the shore of the Coronation Gulf.
Mineralization at Epworth is similar in style to the mineralization in deposits of the Central African Copper Belt and Aston Bay’s Storm Copper Project. Over 74-kilometre (“km”) long trend of sediment-hosted style stratiform copper (“Cu”), silver (“Ag”), zinc (“Zn”) and cobalt (“Co”) mineralization. Chalcocite boulders at surface yield up to 61.2% Cu with 5600 grams per tonne (“g/t”) Ag in select rock grab samples from over 300 historic samples. Recent prospecting rock grab samples yielded up to 37.8% Cu, 27.4% Zn, 1100 g/t Ag, 3.0 g/t gold (“Au”) and 1700 ppm Co.
History
The Epworth Project was explored by Noranda Mining and Exploration in the mid-1990’s, resulting in the discovery of new base metal showings. Prospecting, mapping, geophysics and sparse drilling (only 132m in the original claim block, <2000m total over the newly expanded claims) were conducted over four exploration seasons. The best intercepts yielded 10.4% Cu over 0.9m, 0.3% Cu over 8m, and 18.4% Cu with 302 g/t Ag over 0.3m in very shallow drilling in 1995-6. The Epworth Project has not been drilled since, and no modern geophysical surveys have been conducted.
Recent Work
Prospecting programs in the 2020’s have defined several trends in conjunction with historic work. Rock grab samples up to 38% Cu, 1100 g/t Ag, 3.0 g/t Au, 27% Zn, 17% lead along with 1700 ppm Co and other anomalous mineralization define the 2.8 km long “Metallic Trend.” From over 300 total historic rock grab samples, 51 samples yielded over 1% Cu, 29 samples yielded over 30 g/t Ag and 15 samples yielded over 1% Zn. Prospecting and soil sampling have yielded promising new trends and showings such as the new Northeast Showing discovered in 2023 yielding up to 19% Pb and 0.8% Cu in rock grab samples.
News
TORONTO, Ontario, April 24, 2024 – Aston Bay Holdings Ltd. (TSX-V: BAY; OTCQB: ATBHF) (the “Company” or “Aston Bay”) is pleased to announce that on April 23, 2024, it entered into a definitive agreement (the “Agreement”) with Emerald Geological Services (“EGS”) pursuant to which it has been granted an option (the “Option”) to acquire an undivided 80% beneficial interest in a property owned by EGS in Nunavut, Canada (the “Property”) – READ NEWS
