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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

Comment by StrikeGoldon Dec 15, 2022 11:09am
104 Views
Post# 35173247

RE:Long term play

RE:Long term play This Stockhouse wirte up from 2019 does a good job of painting the Atlin exploration approach

https://stockhouse.com/opinion/independent-reports/2019/07/09/brixton-metals-focuses-on-atlin-gold-camp



"This doesn't mean Brixton can just go in, drill a few holes and find gold all over the place; that's not how it works. Let's first take a step back to have a look at the bigger picture, as Atlin Goldfields seems to host three different rock types.

The Yellowjacket zone probably contains the low-hanging fruit, as this area has been mined before, a mining permit for up to 200 tonnes per day remains valid and it currently still hosts a historical resource estimate of almost half a million tonnes at an average grade of just over 10 grams per tonne (10 g/t) gold. That's a good start, but we also shouldn't discard the historical drill intervals at Yellowjacket where the previous operators encountered, for instance, 3 meters of almost 48 g/t gold, 5.6 meters of in excess of 500 g/t gold, and in excess of 2.5 meters at 853 g/t gold.

Of course, these intervals containing grades of in excess of 100 g/t gold will always remain the exception, but it does indicate the system is very prospective and prolific, and Brixton will very likely put these zones at the top of its list of priorities."
.......

"Brixton Metals compares its Atlin gold camp with the Barkerville/Caribou gold camp, also in British Columbia. Some companies use comparable projects/districts that could considered to be a stretch, but we feel Brixton's comparison does make sense. In both districts there has been a rich history of in excess of 100 years of placer mining with a cumulative gold production of millions of ounces of gold. The total production at Barkerville/Caribou (3.4 million ounces from placer activities and 1.2 million ounces from historical mining activities) is better documented than the total gold production at Atlin, but based on historical data and documents, Brixton estimates the Atlin gold camp was responsible for up to 2 million ounces recovered from placer operations.

The Barkerville system is more mature than the Atlin gold camp, as the feeder gold zone at Atlin hasn't been discovered yet, but that's exactly the challenge Brixton Metals is rising to."

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