results coming soon? PBM & OEI pps appreciation hmPacific Bay Partner Otish Energy Completes Uranium Program, Results Pending
For Immediate Release. Vancouver, British Columbia, September 2, 2010 - David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX Venture: PBM, the "Company") reports that optionee Otish Energy Inc. (TSX-V: OEI) has completed an exploration program on the Company's Otish South West Uranium prospect in the Otish Mountains Uranium District, Quebec. Assay results from till samples are pending. Otish Energy can earn a 60% interest in the property by completing a program of work and making certain payments over four years.
The aim of the program was to test priority airborne radiometric targets outlined by Pacific Bay in 2007. A total of 20 till samples were sent in for analysis.
The Otish South West claims comprise 33 square kilometres (13 square miles) and form a key-shaped group of claims at the junction of large claim blocks controlled by Cameco, Ditem and Dios on the SW nose of the elongated Otish Basin.
Also, the Company has granted 2 year incentive 1,850,000 stock options at
.10 in large part to replace 1,450,000 options at
.12 that expired in July, 2010.
The technical information contained in this news release has been reviewed, edited and approved by E. Trent Pezzot, PGeo., a consultant to the Company and a Qualified Person under policy NI43-101.
Pacific Bay Minerals Ltd.
Per,
David H. Brett
President & CEO