Pacific Bay Minerals Ltd.: Strong Rare Earth Element Assays Released for Cueva del Chacho Uranium Property, Argentina
February 08 2010 - 9:00AM
Marketwired
Mr. David H. Brett, President and CEO, Pacific Bay Minerals Ltd.
(TSX VENTURE: PBM) (the "Company" or "Pacific Bay"), reports soil
and rock samples strongly anomalous in Rare Earth Elements ("REEs")
from the Company's 100% owned Cueva del Chacho Property in La Rioja
province, Argentina, with values up to 832 ppm Cerium and 338 ppm
Lanthanum. A follow up program of sampling and mapping is planned
for March 2010.
The strongly anomalous samples were taken in 2006 over zones of
elevated radioactivity in an area of poor outcrop exposure during a
uranium exploration reconnaissance program. Most of the
radioactivity was determined to be caused by Thorium, but the two
REE results included in the multi-element analysis package,
Lanthanum and Cerium, were not reviewed at the time. In view of the
newly increased interest in REEs, Pacific Bay is launching further
investigation of the property.
The Cueva del Chacho property is located approximately 70 km
south-southwest of the provincial capital city of La Rioja adjacent
to a major paved road. The 3,000 hectare (11.5 sq mi) Cueva del
Chacho property lies on-trend, 8 kms north of the Los Colorados
Mine, on a regional sedimentary reduction-oxidation boundary where
approximately 55,000 kg of uranium concentrates were produced from
classic sedimentary roll-fronts between 1992 and 1996.
Significant REE assays:
Sample Cerium Lanthanum
# ppm ppm
SOIL ANOMALIES
SPS 22 832 338
SPS 9 300 124
SPS 1 381 183
ROCK SAMPLES
SPR 7 520 254
SPR 5 203 91
The technical information contained in this news release has
been reviewed, edited and approved by Dr. Richard Culbert, Ph.D.,
P.Eng., a consultant to the Company and a Qualified Person under
policy NI43-101. All assays reported in this news release were
prepared by Alex Stewart (Assayers) Argentina S.A, Mendoza,
Argentina.
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 (Canada) (604) 682-7576 (FAX)
www.pacificbayminerals.com
Pacific Bay Minerals (TSXV:PBM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Pacific Bay Minerals (TSXV:PBM)
Historical Stock Chart
From Jul 2023 to Jul 2024