Zoning into the Deep, page-6

Hi Sandun, the 500,000 tons of cu, estimate sitting on surface contained within the 4 surface zones 4100,2200n,2750,and 3500 seen enough historic drilling to come up with this 500,000 tons estimate although not proven.
Sandun,. I have been long in BAY ( awm ) seeing my good friend ( has past on ) was a founding partner going back to when discussions on a trading symbol. BAY,
AWM, partnering with BAY, advanced the known surface deposits with in-fill drilling and extension drilling expanding the surface foot print . The 4 zones have now seen enough drilling to establish the Jorc-43-101. The 200,000 tons Indicated resource should have seen enough in-fill RC drilling to move this up to the Indicated proven category and the 200,000 tons of reserve up to the 200,000 tons indicated resource category. The 2024 drilling will only see a few holes added to this new JORC-43-101 to-be released by end of November .The remaining 2024 holes will be added in 2025 as the drilling keeps adding to this JORC.
ps,.The delivery by Sea-lift to Aston Bay , seeing the miles of drill rods salt & diesel fuel means AWM plans on a major expansion in a few months from now.. THANX AWM,. .for raising the funds to advance the Storm copper project as here in Canada the Capital markets are nothing more than a Tax write off .
AWM, IMO, only here, seeing the huge Zinc deposit sitting at tide water showing over 200 pounds per ton with one oz silver, will likely never see any action because of the 140k copper claims . so why not JV out the zinc deposit which could also supply AWM with future funds..

As at Seal, the mineralised pseudobreccia in AB180-06B is considered analogous to pseudobreccia present at the Polaris deposit, where it occurs as a lateral hydrothermal alteration equivalent to ore. The discovery of mineralised pseudobreccia at Seal South in the Turner Cliffs Formation is interpreted as a favourable indicator of hydrothermal alteration and the potential for additional stratiform zinc mineralisation in vicinity of Seal.

The last hole of the 2018 Seal program, AB18-08, was collared 100 m southeast along strike from AB18-06B. It intersected, at a similar position in the Turner Cliffs Formation, a 1m zone of sphalerite mineralisation from 132.0 to 133.0m grading 0.16% Zn, within a broader zone of weak mineralisation. Core recoveries in the zone were poor, only 38% in the specified interval.

The remaining ~700m strike length of the S12 gravity anomaly is untested and is a promising drill target for 2019. Four additional priority anomalies, S13 – S16, occur in close proximity to the Seal deposit (Figure 8) and also are untested, as are several other anomalies at Seal North (see August 1, 2018 press release).

Figure 7. Geological map of Seal and Seal South areas. Inset map shows the location of Aston Bay's Seal zinc and Storm copper projects south of the Polaris mine and the community of Resolute Bay in the Polaris mining district, Nunavut.

Figure 8. Gravity gradiometry map of Seal deposit and Seal South prospect, with 2018 drill collar locations, select geology, and historical drilling. The surface projection of the Seal deposit is shown in grey.

NI 43-101 Mineral Resource Estimate

2018 Technical Report on Seal Zinc Deposit

During the 2018 fiscal year, Aston Bay completed an initial mineral resource on its 100% owned Seal Zinc deposit. The deposit is a stratabound body hosted in sandy dolostone and sandstone within a thick section of Paleozoic dolostones, and was discovered by Teck in the mid-1990s. The Seal Zinc deposit is approximately 30 km to the west of the high-grade Storm Copper prospect.

The Seal Zinc deposit is estimated to contain 1.006 million tonnes (“Mt”) at a grade of 10.24% zinc and 46.5 grams per tonne (“g/t”) silver, using a cutoff of 4.0% zinc equivalent. The estimate is based on diamond drilling conducted by Teck in 1995-96 and Noranda in 2001.

Known mineralization has a thickness of up to 20 m, extends for over 400 m along strike and 50 to 100 m down-dip, and is partially fault-bound. Seal Zinc is interpreted to be a Mississippi Valley–type (“MVT”) deposit, with geological similarities to the Polaris deposit located to the north in the same Paleozoic dolostone succession. A large hydrothermal “pseudobreccia” alteration zone in the footwall of the deposit contains minor zinc mineralization and probably represents the feeder zone. MVT deposits are known to occur in clusters, and Aston Bay believes there is exploration potential along strike for discovery of additional mineralization.

The report titled “Initial Mineral Resource Estimate and Technical Report for the Seal Zinc Deposit, Nunavut Property, Somerset Island, Nunavut” is effective as of October 6, 2017 and signed January 17, 2018 (the “Technical Report”). The Technical Report was authored by independent Qualified Persons at P&E Mining Consultants Inc., and is in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The Technical Report is available at the bottom of this webpage and at www.sedar.com under the Company’s profile