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Pacific Bay Minerals Ltd V.PBM

Alternate Symbol(s):  PBMFF

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

Post by StrikeGoldon Dec 14, 2022 1:24pm
148 Views
Post# 35171291

Long term play

Long term play For good or bad this seems to be a play based on a thesis of a large and rich gold source for many of the Atlin placer gold operations, but is not likely to be a quick drill for the motherlode.   Anyone expecting a fast turnaround here will likely be disappointed.

Gaining needed interest for repeated financings is obviously a major consideration.    One plus is that a major task of consolidating sereral area claims and projects into a single large land area has already been done by Brixton.  There have been a few geological studies by both explorers and independent geologists that theorize a undiscovered hard rock gold source.  

One interesting note is that between Atlin and Wheaton Creek, Pac Bay has properties hosting the top 3  largest gold nuggets found in B.C. history (3rd largest being at Wheaton Creek), if I recall my past reading correctly

 
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