Pacific Bay Awaits Haskins-Reed Polymetallic Drill Results
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/15/11 -- David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX VENTURE: PBM) (the "Company") reports that the Company is awaiting check-assay results for an 11 hole, 1,245-metre drill program completed this summer at the Company's 100% optioned Haskins-Reed polymetallic property in the Cassiar Region of north-central British Columbia. The program targeted Meteor Zone (9 holes) following up on encouraging trenching results, and the advanced stage B-Zone, that has been explored historically by significant drilling and underground workings, and includes historic resources of 1,370,000 tonnes grading 56.9 g/t silver, 0.53% copper, 2.77% zinc, 0.47% lead and 0.24% bismuth.(i) Significant intercepts of sulphide mineralization were encountered in several holes, requiring that a number of the mineralized intercepts be check-assayed in accordance with industry-standard quality-control/quality-assurance guidelines. This has resulted in an additional delay in finalizing the drilling results for public dissemination which is expected in the coming weeks.
(i)Management believes these historical resource estimates are useful for the Company's exploration programs, but advises investors that these estimates predate NI 43-101 guidelines. Therefore, these historical estimates should not be relied on by investors. A full discussion of historic exploration of the B Zone and several other mineralized zones on the Haskins-Reed property is available in an amended 43-101 report filed on .
The technical disclosures in this news release were reviewed and approved by Doug Blanchflower, P.Geo. a Qualified Person, as defined by National Instrument 43-101.
Pacific Bay Minerals Ltd.
David H. Brett, MBA, President & CEO
Contacts:
Pacific Bay Minerals
Investor Relations
(604) 682-2421 or Toll Free: 1-800-670-6570 (Canada)
Toll Free: 1-800-665-5101 (USA)
(604) 682-7576 (FAX)
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Datum: 15.09.2011 - 22:53 Uhr
Sprache: Deutsch
News-ID 66583
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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