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Aston Bay Holdings releases initial resource estimate for Seal zinc deposit

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Aston Bay Holdings releases initial resource estimate for Seal zinc deposit

Aston Bay Holdings Ltd. on Dec. 6 released an initial resource estimate for the Seal zinc deposit, which forms part of its namesake property in Nunavut, Canada, along with the Storm copper deposit 30 kilometers to the east.

Seal hosts inferred resources of 1 million tonnes grading 10.24% zinc and 46.5 g/t of silver, or 11.44% zinc equivalent, for 103,061 tonnes of zinc and 1.5 million ounces of silver.

The estimate, which uses a cutoff grade of 4% zinc equivalent and was effective Oct. 11, incorporates data from diamond drilling completed in 1995 to 1996 and 2001.

Aston Bay said Seal mineralization has been defined over a thickness of up to 20 meters, extending more than 400 meters along strike and 50 meters to 100 meters downdip. The deposit is potentially amenable to underground mining.

The analysis indicated that the Aston Bay property's geological environment warrants further regional exploration, recommending the evaluation of geophysical data collected this year to define targets along with further investigation of several copper and zinc anomalies along a 144-kilometer structural trend.