Pacific Bay Acquires BC Gold Property
October 21 2009 - 9:00AM
Marketwired
David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX
VENTURE: PBM) (the "Company") reports that Company has acquired by
staking 3 minerals claims in the Liard Mining Division covering the
historic Tri gold and polymetalic showing explored by Cominco,
Continental Gold and others in 1989-1990. Of interest to Cominco
were quartz vein systems and quartz-carbonate vein breccias grading
up to 13.2 grams per tonne gold and 435 grams per ton silver. The
Tri property has not been explored since 1990 and the Company
believes that further exploration is warranted.
The Company retained consulting geologist Steve Noakes, formerly
with the Cominco team that staked and explored the Tri Property, to
complete a summary report and develop recommendations for further
work. A geological mapping and sampling program is planned for 2010
to verify the historic data and in particular look for evidence of
intrusive hosted mineralization underlying the quartz vein and
hydrothermal breccia zones.
"The Tri property area was subject of a staking rush in 1988
following the release of extremely high regional geochemical
results by the Province of BC," said CEO David Brett. "The high
gold and polymetalic anomalies have received only minor exploration
work and we are looking forward to taking a closer look during the
2010 exploration season."
About Pacific Bay Minerals Ltd.: Pacific Bay is a mineral
exploration company with a diverse portfolio of properties with an
emphasis on mineral discovery worldwide. The Company has extensive
land holdings in Quebec's Otish Mountains Uranium region, uranium
and gold prospects in Argentina, advanced base and precious metal
prospect in northern British Columbia, claims in the Red Lake Gold
Camp of Ontario, and an exploration office seeking uranium
opportunities in Namibia, Africa.
The technical information contained in this news release has
been reviewed, edited and approved by Ernie Black, P.Eng., a
consultant to the Company and a Qualified Person under policy
NI43-101.
Pacific Bay Minerals Ltd.
David H. Brett, MBA, President & CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news
release.
Contacts: Pacific Bay Minerals Ltd. Investor Relations (604)
682-2421 or Toll Free: 1-800-670-6570 Toll Free: 1-800-665-5101
(USA) (604) 682-7576 (FAX) www.pacificbayminerals.com
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