Pacific Bay Trenches 10 Metres of 87.42 g/t Silver, 1.49% Zinc, 2.18% Lead at Haskins-Reed
November 08 2011 - 8:00AM
Marketwired Canada
David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX VENTURE:PBM)
(the "Company") reports that a 214 metre 2011 trenching program focusing on the
Meteor Zone of its 100% owned Haskins-Reed project in northern BC, including 15
excavator trenches, encountered significant silver and base metal values. The
Meteor zone has now been traced on strike for over 555 metres. The estimated
widths of the zone vary from 4 to 16 metres and it is offset by several faults.
The zone is open both along strike to the north and south and down dip. It is
centered above a magnetic anomaly interpreted to be an intrusive body, is
coincident with a strong VLF-EM anomaly and is along strike from a multi-element
geochemical anomaly 2 km to the south east. A table summarizing the significant
trenching results is located below.
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FROM TO Total Length
Trench No. (m) (m) (m) Ag g/t Pb% Zn% Bi % Cu% Au g/t
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11TR-14 15.0 20.0 5.0 146.00
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11TR-14 15.0 20.7 5.7 1.43
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11TR-14 17.5 20.7 3.2 2.06
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11TR-16 26.0 32.0 6.0 42.43
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11TR-16 26.0 32.0 6.0 0.15
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11TR-16 30.0 32.0 2.0 1.60
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11TR-17 5.0 15.0 10.0 87.42
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11TR-17 5.0 15.0 10.0 2.18
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11TR-17 5.0 15.0 10.0 1.49
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11TR-17 9.0 15.0 6.0 0.43
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11TR-20 6.5 16.5 10.0 57.00
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11TR-20 4.5 16.5 12.0 1.35
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11TR-20 2.5 18.5 16.0 2.68
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11TR-23 2.4 12.4 10.0 4.58
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11TR-27 2.0 7.0 5.0 1.10
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11TR-27 0.0 7.0 7.0 3.49
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"The Haskins-Reed property hosts multiple discrete mineralized zones, such as
the Meteor Zone and the B Zone, that all have significant exploration upside,"
said Pacific Bay CEO David H. Brett. "Management is currently planning its 2012
exploration program."
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. Samples collected from the Haskins-Reed property referenced in this news
release were submitted to and analysed by Eco Tech Laboratory Ltd. located in
Kamloops, BC.
Pacific Bay Minerals Ltd.
David H. Brett, MBA, President & CEO
Pacific Bay Minerals (TSXV:PBM)
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