Initial Phase 2 Results At Buckingham Gold Project In Virginia

TORONTO – Aston Bay Holdings Ltd. reported initial assay results from two drill holes from the recently completed Phase 2 diamond drill program at its Buckingham Gold Property located in Central Virginia. Phase 2 of the 2020 Buckingham drill program comprised seven (7) large diameter (HQ) oriented diamond drill holes totaling 803 metres (m), which added to the 1,218 m drilled in ten holes in the first phase of the program in March. The assay results for the remaining five holes are pending.

“These intercepts confirm the extension of the gold-bearing Buckingham Vein to the southeast and once again demonstrate high grade gold mineralization in this mesothermal-type vein,” said Thomas Ullrich, CEO. “We look forward to the pending results from holes 20 and 21, located 50 m farther along strike, both of which intersected quartz vein with visible gold, as well as assays from the three holes targeting zones of disseminated sericite-pyrite-quartz-gold mineralization below significant gold-in-soil anomalies to the west of the vein.

The Buckingham Vein is a mesothermal type vein, with visible gold and sulfides in quartz and associated with sericite and carbonate alteration. The veins appear to be closely related to zones of faulting and shearing within the altered metavolcanic host. They typically lack the banding textures of epithermal veins and have only very low levels of the classic epithermal pathfinder elements. Mesothermal veins are known to host deposits with significant extent and impressive gold grades elsewhere in the world. We are excited to discover these types of veins at Buckingham and plan to broaden our exploration program for additional occurrences in Virginia.”