Pacific Bay Minerals Ltd.: Strateco Completes Alfred Fault Drilling
May 19 2011 - 9:34AM
Marketwired
David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX
VENTURE: PBM) (the "Company") reports that the Company has received
notice from partner Strateco Resources (TSX: RSC) that Strateco has
competed 10 drill holes comprising 5,511 metres of drilling
targeting the Alfred Fault, a structure prospective for uranium
located on claims owned by Pacific Bay, under option to Strateco
(Strateco is earning 60%). No economically significant uranium
intercepts were encountered in the holes, which tested
approximately 1.7 kilometres of the Alfred Fault strike length.
However, the structure displays abundant favourable alteration, and
assays from 3 holes competed in 2010 intercepted 0.01% U3O8 over
0.5m (PB-10-01) and 0.01% U3O8 over 2.7m including (PB-10-03). The
Alfred Fault area remains an important exploration target for the
partners.
"Pacific Bay's claims in the Matoush region host many areas with
strong exploration potential, including the Rabbit Ears zones and
the Alfred Fault," said Pacific Bay CEO David H. Brett. "We look
forward to working with our partners to develop next steps for our
exploration plan."
The technical disclosures in this news release were reviewed and
approved by Doug Blanchflower, P.Geo., a Qualified Person, as
defined by National Instrument 43-101.
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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