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Pacific Bay Minerals Ltd V.PBM

Alternate Symbol(s):  PBMFF

Metals & Mining Industrial Metals & Minerals
Pacific Bay Minerals Ltd. is a Canadian mineral exploration company engaged in the acquisition, exploration, and development of mining projects. It is focused on its 100% owned properties located in British Columbia: Sphinx Mountain Rare Earth Project near Dease Lake in northern BC and the Haskins Reed Polymetalic Project near Cassiar BC. The Sphinx Mountain Rare Earth Property is located in Northern British Columbia by staking. The property, approximately 50 kilometers (km) from Dease Lake, is accessible and suitable for work during the summer and fall seasons. The Haskins-Reed Property is a zinc, silver, lead, copper and bismuth prospect with multiple mineralized zones. The Haskins-Reed property is located in the Cassiar Mining District of North Central British Columbia. The property, situated just off Highway 37, on Mount Haskins and Mount Reed, hosts numerous skarn, replacement and porphyry-style mineral occurrences.


TSXV:PBM - Post by User

Pacific Bay Minerals Ltd
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Post by CASHFL0W99on Oct 07, 2010 7:21am
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Post# 17539022

DRILLING IN ARGENTINA TO COMMENCE OCT 2010

DRILLING IN ARGENTINA TO COMMENCE OCT 2010

Please find attached Pacific Bay Minerals Ltd's recent Press Release about UrAmerica

Source: Pacific Bay Minerals Ltd

March 04th, 2010

Mar 04, 2010 09:00 ETPacific Bay Minerals Ltd.: Partner UrAmerica Outlines Drill Targets on Cerro Solo Area Uranium Claims
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 4, 2010) - David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX VENTURE:PBM) (the "Company") reports that partner UrAmerica Ltd has outlined drill targets on Pacific Bay's uranium Cerro Solo area claims in Chubut Province, Argentina . UrAmerica is in the first year of an option agreement to earn a 60% interest in the Property by incurring USD$1,200,000 in exploration expenditures and paying Pacific Bay USD$140,000 over 4 years.

Nine drill locations have been outlined to target potential paleo-channels favourable for uranium mineralization similar to the Cerro Solo deposit of the region. Field observations by UrAmerica indicate that the favourable "Los Adobes" formation may lie below the rocks of the Chubut Group which outcrop on the Property. UrAmerica is scheduled to commence a 20,000 meter drill program in October 2010 on its various claims in the district, including some drilling on the Pacific Bay/UrAmerica property.

SEE LINK FOR MAP OF ARGENTINA CLAIMS: https://www.uramerica.co.uk/pages/en/358/Cerro-Solo-Project/

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