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Pacific Bay Minerals Ltd V.PBM

Alternate Symbol(s):  PBMFF

Pacific Bay Minerals Ltd is a Canada-based company, which is engaged in the acquisition, exploration, and development of mineral properties in Canada. It has a portfolio of properties in British Columbia's Golden Triangle, including the Haskins Reed, 30 kilometers (km) East of the Cassiar townsite, and Wheaton Creek projects. It focuses on exploring the two projects and identifying new targets within the prospective regions for both precious and transitional metals. Its projects include Wheaton Creek property, Weaver Lake property, and Haskins-Reed property. It owns 100% of the Wheaton Creek Gold property located in the Skeena Mining Division of northern British Columbia. The Weaver Lake property claims is located in the New Westminster Mining Division of British Columbia. The Haskins-Reed Property is a Zinc, Silver, Lead, Copper and Bismuth prospect with multiple mineralized zones outlined with approximately 200 drill holes substantial underground development completed.


TSXV:PBM - Post by User

Post by StrikeGoldon Feb 02, 2023 5:23pm
142 Views
Post# 35263454

Atlin placer production

Atlin placer production
https://brixtonmetals.com/wp-content/uploads/2022/07/BBB_AtlinGoldfieldsPresentation_2022-July.pdf
 
I found page 9 of the above interesting in the detailed map of placer operations on the property and the historic recorded gold outputs from each, which likley vastly underestimates the actual ounces mined.  The placer gold in all of these drainages had to come from somewhere.  Brixton spent years consolidating these claims that will be explored by Pacific Bay over the next few years. A lot of potential here if they are able to raise the needed funding. 
 
Page 9 verbage: 
 
"Mostly sharp-edge, “hackly” gold nuggets
observed in creeks, indicating proximity to a
mineralized source."
 
"No placer production records have been kept
since 1945, although placer mining in Atlin
continues to produce gold to this day. The
area was discovered in 1896 and has
produced gold for 125 years."
 
"The actual Pine Creek past production
estimate is over 1 million oz +. Due to the
absence of historical records since 1945, a QP
cannot substantiate these past production
estimates. BC MEM Minfile states that
production at Pine Creek surpassed Spruce
Creek as the largest placer producer by 1956."
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