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Aston Bay Holdings Ltd (TSXV:BAY) reported an initial inferred mineral resource estimate of 1.006Mt grading 10.24% Zn and 46.5 g/t Ag or 11.44% ZnEq (103kt Zn & 1,505koz Ag, 4.0% ZnEq cut-off) for its Seal Zinc deposit on its Aston Bay property on Somerset Island, Nunavut. The estimate is based on previous work completed by Teck Resources Ltd. (formerly Cominco Ltd. - 1995-96) and Noranda (2001). Seal Zinc is interpreted to be a Mississippi Valley-type (MVT) deposit, with known mineralization over a 400m strike length and extends 50-100m down-dip. The company believes exploration potential exists along strike, due to the clustered nature of MVT deposits. Although early days, the report suggests the mineralization could support underground mining. Going into 2018, the company is planning to analyze the recent Falcon Plus airborne gravity gradiometry survey data to identify and prioritize drill targets, which will be an important next step to provide more insight on the properties potential.
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Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.
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