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Bullboard - Stock Discussion Forum 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... see more

TSXV:PBM - Post Discussion

Pacific Bay Minerals Ltd > Long term play
View:
Post by StrikeGold on Dec 14, 2022 1:24pm

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
Comment by StrikeGold on Dec 15, 2022 11:09am
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 ...more  
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