Pacific Bay Minerals Ltd.: Target Zone at Ax Silver/Copper Property Expanded
November 30 2011 - 8:00AM
Marketwired
David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX
VENTURE:PBM) (the "Company") reports that the 2011 MMI Phase II
soil sampling program at the Company's 100% optioned Ax Silver
Property near Cassiar in Northern BC has expanded the 2010
multi-element soil geochemical anomaly by 600 metres to the
northeast. Traditional multi-element soil geochemical anomaly
obtained through 2010 soil sampling combined with 2011 MMI soil
geochemical anomaly now measures approximately 600 metres by 800
metres.
The Phase II exploration program was designed to target
stratabound, replacement-style silver-lead-zinc-copper
mineralization, similar to that at the Silver Tip silver-lead-zinc
deposit situated 40 km to the northwest. The 2011 sampling work
also extended geochemical coverage over the thicker
overburden-covered areas within the property. One hundred and nine
MMI soil samples were collected from approximately seven kilometres
of GPS-controlled survey grid lines. The 2011 MMI soil sampling
extended 2010 geochemical coverage to the northeast by
approximately 600 metres and defined several clusters of
multi-element geochemical anomalies that form at least one
300-metre by 600-metre target zone. This target combined with 2010
soil and rock anomaly now measures approximately 600 metres by 800
metres. Also, several additional individual geochemical anomalies
have been identified, most of which are open for expansion.
In the northeastern part of the MMI soil grid, the presence of
elevated nickel (Ni) in MMI samples forms a coherent 300m wide by
over 1km long belt. This anomaly could possibly reflect a buried
mafic intrusion.
For further details on property locations and geochemistry,
please visit the Company's website www.pacificbayminerals.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. Sample analysis and assaying
is being conducted by SGS Canada Inc. which is an ISO/IEC 17025
accredited laboratory. Samples are analyzed using a 53-element
through MMI-M5 package.
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 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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