Advanced Airborne Survey Underway on Pacific Bay Uranium Property, Quebec
February 22 2010 - 9:00AM
Marketwired
David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX
VENTURE: PBM)(the "Company") reports that Strateco Resources Inc.
("Strateco") has commenced an 844 line kilometre High Resolution
Aeromagnetic & XDF/VLF - EM Survey over Pacific Bay's uranium
claims under option to Strateco in the Otish Mountains, Quebec. The
ultra-sensitive survey by contractor Terraquest is designed to
identify Matoush style structures favourable for uranium
mineralization with high precision so that high quality drill
targets can be outlined.
Strateco has an option to acquire up to 60% interest in a large
package of Pacific Bay mineral claims adjoining Strateco's claim
that hosts the Matoush Uranium ore body. Strateco's 2010 work
commitment is $750,000, which must include 2,500 meters of
drilling. Strateco recently announced an $8.9 million 2010
exploration program for its Matoush area properties. Some 60,000
meters of drilling will explore existing targets on Strateco's
claims as well as possible new targets outlined on the Pacific Bay
optioned claims.
As part of a previous case study, Strateco reports that
Terraquest successfully precisely defined the uranium bearing
Matoush fault system that hosts the Matoush uranium deposit and
identified priority targets on Pacific Bay's claims. Strateco and
Pacific Bay geophysical consultants believe that the Terraquest
technology could be highly effective in identifying new target
zones.
"The remarkable expansion of Strateco's exploration program in
the Matoush Camp is very significant", said David Brett, CEO of
Pacific Bay. "Strateco's strong commitment to making uranium
discoveries on Pacific Bay's claims is particularly
encouraging."
The technical information contained in this news release has
been reviewed, edited and approved by Trent Pezzot, P.Geo., 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. David H. Brett, MBA
President & CEO 604-682-2421 604-682-7576 (FAX)
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