Pacific Bay Awaits Haskins-Reed Polymetallic Drill Results
September 15 2011 - 6:53PM
Marketwired
David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX
VENTURE: PBM) (the "Company") reports that the Company is awaiting
check-assay results for an 11 hole, 1,245-metre drill program
completed this summer at the Company's 100% optioned Haskins-Reed
polymetallic property in the Cassiar Region of north-central
British Columbia. The program targeted Meteor Zone (9 holes)
following up on encouraging trenching results, and the advanced
stage B-Zone, that has been explored historically by significant
drilling and underground workings, and includes historic resources
of 1,370,000 tonnes grading 56.9 g/t silver, 0.53% copper, 2.77%
zinc, 0.47% lead and 0.24% bismuth.(i) Significant intercepts of
sulphide mineralization were encountered in several holes,
requiring that a number of the mineralized intercepts be
check-assayed in accordance with industry-standard
quality-control/quality-assurance guidelines. This has resulted in
an additional delay in finalizing the drilling results for public
dissemination which is expected in the coming weeks.
(i)Management believes these historical resource estimates are
useful for the Company's exploration programs, but advises
investors that these estimates predate NI 43-101 guidelines.
Therefore, these historical estimates should not be relied on by
investors. A full discussion of historic exploration of the B Zone
and several other mineralized zones on the Haskins-Reed property is
available in an amended 43-101 report filed on www.sedar.com.
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
Contacts: Pacific Bay Minerals Investor Relations (604) 682-2421
or Toll Free: 1-800-670-6570 (Canada) Toll Free: 1-800-665-5101
(USA) (604) 682-7576 (FAX) www.pacificbayminerals.com
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