Pegasus Resources Inc (PK) (SLTFF) Share Price

SLTFF one for 10 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

The only things that will cause a legitimate share increase for PEGA are assays that show gold and other minerals present from any of their holdings. Reality always will confirm worth or disappointment. It's simple but true. If you buy into the play, unless someone is holding a gun to your head, don't complain if there are no positive assays.

Wow! My supposition is getting confirmation !! I have NO
source for my insight re PEGA.

"(the “Company” or “Pegasus”) reports on upcoming and ongoing activities on its Millionara Property located 112 kilometres (“km”) north of Elko, Nevada, and is considered an intermediate stage exploration project within the regional Independence Gold Trend. The Property consists of 33 unpatented federal lode claims covering approximately 630 acres (255 hectares). Pegasus has the option to earn 100% of the Property through an option agreement dated March 24, 2021.
DIRT Exploration of Cape Town, South Africa have been engaged to complete a long-wave infrared (LWIR) interpretation over the Millionara Property. LWIR is a remote sensing technique that is also referred to as thermal imaging, that can be used to map the distribution of certain minerals related to hydrothermal alterations (such as quartz, adularia, albite, kaolinite, orthoclase, Na- and Ca-montmorillonite, calcite, opal, chalcedony, gypsum, alunite, jarosite, and other sulfates). The study is designed to confirm and prioritize areas of the property for future exploration.

Millionara Highlights:

The Property is approximately 25 km northwest of the Jerritt Canyon Gold Mine, which was recently purchased by First Majestic Silver Corp. in a $470 million plus share deal. Jerritt Canyon has produced over 9.5 million ounces of gold since 1981.
The majority of the historical exploration on the Property between 1986 and 1991 focussed on exploring the Range Front Structure. It includes the following drill results:
Hole M88C-3: 19.8 m of 3.63 g/t Au
Hole WILC-4: 21.3 m of 4.05 g/t Au
Between 2010 and 2011, Ashburton Ventures Inc. (“Ashburton”) focussed exploration on the high-grade Upper Vein Area.
On the surface, mineralization appears to be associated with highly silicified breccias and sinters along a prominent range front structure in Paleozoic carbonate rocks. Epithermal and Carlin-type deposit styles are being considered on the Project.
Shallowly drilled, with potential to find additional mineralization at depth.
Several of the drill tested gold mineralized zones are open for expansion and several soil and/or rock anomalies have not yet been drill-tested.
Located primarily on BLM-administered land.
Excellent road access and nearby power and other amenities.
Range Front Target Area:

The Range Front target area follows the north-south striking Range Front fault, which is the dominant high-angle fault on the Property. The structure has created the broadest area of mineralization on the Property, with several wide and unconstrained gold-bearing intervals. A review of historical exploration reveals that the structure has not been tested along strike with great detail. Highlights of the target area include:

Hole M88C-3: 19.8 m of 3.63 g/t Au
Hole WILC-4: 21.3 m of 4.05 g/t Au
Hole DC-11-C-5: 73.7 m of 0.46 g/t Au, including 1.2 m of 14.10 g.t Au
Hole DC-11-C-28: 68.7m of 0.21 g/t Au
Upper Vein Area:

The focus of Ashburton in the 2010/11 exploration of the Property was the Upper Vein target area, located 600 metres east of the Range Front target area. Ashburton defined a 640-metre-long trend with high-grade surface samples from a vein that varies between 0.20 and 1.5 metres. Highlights of the target area include:

7 samples of greater than 40 g/t gold were collected from the vein, with a high of 1180 g/t gold.
Hole DC-11-C-10: 1.2 m of 1.69 g/t Au, including 4.47 g/t Au
Hole DC-11-C-13: 1.2m of 6.94 g/t Au
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Neil McCallum B.Sc., P.Geol., and is a “Qualified Person” as defined in NI 43-101.

* The historical mineral resource estimates listed above either use categories that are not compliant with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and cannot be compared to NI 43-101 categories, or are not current estimates as prescribed by NI 43-101, and therefore should not be relied upon. A qualified person has not done sufficient work to classify the estimates as current resources, and the mineral resources on neighbouring properties are Not necessarily indicative of the mineralization on the Millionara Property. A Qualified Person has not verified the sampling, analytical, and test data underlying the historical information. Pegasus Resources Inc. has assumed that this historical information is accurate and complete in all material aspects and, while the Company has carefully reviewed all the available information, it cannot guarantee its accuracy and completeness.

About Pegasus Resources Inc.
Pegasus Resources Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on zinc and base metal properties in North America. The Company is also actively pursuing the right opportunity in other resources to enhance shareholder value."

PEGASUS INCREASES LAND HOLDINGS AND LISTS THE REVENUE FRON SALES OF PROJECTS. PROBABLY8 RAISED ENOUGH MONEY FOR EXPLORATION OF PROJECTS STILL HELD.
"Pegasus Resources Inc. (TSX-V: PEGA; Frankfurt – OQS2, OTC/Pink Sheet symbol SLTFF) (the “Company” or “Pegasus”) is pleased to provide an update of Company activities on various projects, including recently received results from field work at the Gold Mountain and Vertebrae Ridge properties, (part of the Golden Project), the sale of some of the Company’s Confederation Lake properties to Trillium Gold Mines Inc., and the option of certain properties to Infinite Ore Corp.

Based on encouraging early stage surface sample results from two parallel trends of copper-silver mineralization at Vertebrae Ridge, the Company recently staked additional mineral tenures both north and south of the original property to cover potential extensions to the known mineralization. With the addition of these two new mineral tenures, the Company has increased its land holdings from 2,871 ha to 5,324 ha (7,091.95 acres to 13,155.70 acres). The Company is currently planning for a late Spring 2021 work program.

VERTEBRAE RIDGE

The Vertebrae Ridge property is comprised of four claims totaling 5,323.9 ha (13,155.7 acres) approximately 81 km northwesterly from Golden, British Columbia. A prospecting program during fall 2020 resulted in the discovery and identification of significant polymetallic mineralization at multiple locations, including:

Zone 1

18 rock samples collected over a 1,400+ metre strike with sample assays of 4.13% Cu, 28.6% Pb, 4.74% Zn, and 360 g/t Ag;
Exhibits anomalous concentrations of As, Hg and Sb, in addition to Cu, Pb, Zn and Ag;
Zone 2 North

13 rock samples collected over a 650+ metre strike returned an arithmetic average of 2.5% Cu and 4.5 g/t Ag, with peak values of 10.7% Cu and 29.1 g/t Ag; and
Vein 160 Showing

7 rock samples collected over an approximate 250 metre strike returned an arithmetic average of 10.5% Cu and 14.7 g/t Ag, with peak values of 35.5% Cu and 96.7 g/t Ag.
GOLD MOUNTAIN

The Gold Mountain property is located just north of Highway 1, about 50 km northwesterly from Golden, British Columbia. An exploration program carried out during fall 2020 at the Gold Mountain property confirmed and identified the following:

Polymetallic mineralization over 600 to 700 metre strike;
High grades of silver/gold with 4 samples returning from 1,000 to 6,670 g/t Ag ; and
Gold samples up to 7.44 g/t.
Eight shallow back pack style drill holes were completed in 1984, though poor recoveries were noted, results include:

4.04 m - 59.04 g/t Au, 6,863.1 g/t Ag, 16.9% Cu, and 8.95% Pb
4.50 m - 7.89 g/t Au, 942.2 g/t Ag, 2.3% Cu, and 5.26% Pb
TRILLIUM ASSET SALE

The sale of some of the Company’s Confederation Lake properties to Trillium Gold Mines Inc. (TGM-V) for consideration of $500,000 in cash and Trillium Gold Mines’ common shares valued at $1,250,000 was accepted by the TSX Venture Exchange on December 15, 2020. The remaining payments of $400,000 cash and $1,250,000 of Trillium Gold Mines’ common shares payable to Pegasus are expected shortly.

PROPERTIES OPTIONED TO INFINITE ORE CORP. (“ILI-V)

The Company has three properties optioned out to ILI-V. The cumulative outstanding payments and work commitments due to Pegasus by ILI-V are as follows:

$325,000 cash
5,250,000 ILI-V common shares
$3,050,000 work commitment
About Pegasus Resources Inc.

Pegasus Resources Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on zinc and base metal properties in North America."
4

Finally fieldwork to begin on BC Icefield project.

"("Pistol Bay" or the "Company") is pleased to announce that field crews have mobilized to the Icefield Gold Project (the "Project"), located in southeastern British Columbia, for a Phase I surface reconnaissance and verification exploration program. The Project consists of three distinct properties totalling 6,752 ha - Punch Bowl (3,079 ha), Vertebrae (2,871 ha), and Gold Mountain (802 ha) - and covers portions of an approximately 90 km long trend with highly anomalous gold occurrences reported from outcrop and drill core.

The surface program will focus on verification sampling of the primary mineralized occurrences historically documented on each of the properties, as well as reconnaissance prospecting of the immediate areas. The program is anticipated to occur over a six (6) day period, with two (2) days allocated to each property, and will be managed out of Dahrouge Geological Consulting Ltd.'s head office in Edmonton, AB.

Charles Desjardin, President and CEO of Pistol Bay commented, "We see significant potential in the Icefield Gold Project, highlighted by the high-grade mineralization documented at Punch Bowl and Gold Mountain, specifically. The extent of this mineralization has not been fully assessed, nor sampled for assay as in the case of Vertebrae Ridge's mineralized copper zones, which have been traced over a significant strike length. After this initial assessment, we look forward to aggressively exploring all three properties and unlocking the value for our shareholders."

The Project includes the Punch Bowl and Gold Mountain properties where high-grade gold and silver mineralization has been sampled historically, including visible gold in quartz veins at Punch Bowl, and a shallow drill hole intercept at Gold Mountain of 59.03 g/t Au, 7,530 g/t Ag, 16.9% Cu, and 8.95% Pb over 4.04 m. The Project also includes the Vertebrae Ridge property where copper mineralization has been described historically to occur over an approximate 2 km strike length (50 - 100 m in width), hosting chalcopyrite, bornite, and malachite (see Company news released dated September 10th, 2020).

NI 43-101 disclosure

Darren L. Smith, MSc, PGeo, of Dahrouge Geological Consulting Ltd., consultant to the Company and a qualified person as defined by NI 43-101, supervised the preparation of the technical information in this news release."

[b(
Update on drilling As always, wait for the assays for the true value of the property!
""Pistol Bay" or the "Company") is very pleased to provide an update on the recently announced 1,500 m diamond drill program by Infinite Ore Corp. (TSX-V:ILI) currently underway at the Fredart Property in Red Lake, Ontario. The Fredart Property is 100% owned by Pistol Bay. Pursuant to an option agreement entered into between Infinite Ore Corp. and Pistol Bay, dated February 03, 2020, Infinite Ore Corp. has an option to earn up to an 80% undivided interest in the Pistol Bay Property.

Infinite Ore Corp. has completed 3 of 5 holes and is ahead of schedule and underbudget as of the date of this press release. Drilling to date has encountered massive to stringer sulphide mineralization in each drill hole which appears to be associated with banded iron formation horizons. The goal of the current drill program is to confirm and expand on the VMS mineralized zones, test for gold mineralization, and refine the Leapfrog 3D model.

Mike England, President and CEO of Infinite Ore Corp. commented, "We are very pleased with the pace of drilling at Fredart, owing to the exceptional infrastructure and technical team we have in place at the property. We will be sending the core to the lab for assaying and will update the market with results as soon as possible".

Dr. Michel Bolly, PhD, P.Geo, the qualified person as defined by National Instrument 43-101, has designed and is managing the current drill program on behalf of Infinite Ore Corp, and is responsible for approving the technical contents of this press release]

Finally let the GAMES begin ! Drilling is the true proving of the value of the the company's holdings.So lets all cross EVERYTHING in hopes of success.PST has a minority position in these ILI properties.
" Infinite Ore Corp. ("ILI" or the "Company") (TSX:V:ILI) (OTCQB:ARXRF) is pleased to announce its inaugural 1,250 metre diamond drill program on the Fredart property in the Red Lake Mining District. The phase one diamond drill program will commence within a week and aims to confirm and expand on the VMS mineralized zones, test for gold mineralization, and refine the Leapfrog 3D model. The ILI Fredart property is located approx. 40 km from the eastern boundary of Great Bear Resource Ltd.'s Dixie project and host an historical resource of (non-NI 43-101 compliant *) mineral resource of 386,200 tonnes grading 1.56 per cent copper (% Cu) and 33.6 grams per tonne silver (g/t Ag) (completed by Phelps-Dodge Mining Co. in 1971 and included within a prospectus for Consolidated Copper Lode Developments Inc., Jan. 7, 1977, submitted to the Ontario Securities Commission). * This historical resource estimate does not comply with the standards of NI 43-101 and has not been reviewed by a qualified person, nor verified. Infinite Ore is not treating the historical resource estimate as a current mineral resource or mineral reserve.

Figure 1: Location of ILI's Property Holdings in the Red Lake District

Image: https://www.accesswire.com/users/newswire/images/593554/94cba4c5-520b-421d-9bcf-f6c2b68fbc5e.png

The 1,250-metre drill program will focus on areas of known VMS mineralization and aims to expand upon the historical resource along strike and to depth. Initial drill targets are at a maximum depth of 200 vertical metres metres below surface. Historical drilling on the Copperlode "A" prospect identified several lenses of mineralization within diamond drill holes, which previous operators interpreted as a single VMS horizon which was subject to several folding events. Infinite's objectives for this program are three-fold: confirm the historical grades and widths; expand the known mineralization to depth and along strike; and test for gold mineralization which was historically not often analyzed.

Being well located in the Red Lake Mining district, the Fredart property benefits from excellent infrastructure and a highly skilled work force, as well as several nearby mills and active mining operations. ILI has contracted Chibougamau Diamond Drilling, which has significant experience in drilling in Red Lake, for this drill campaign.

Mr. Kelly Malcolm, P.Geo, is the qualified person as defined by National Instrument 43-101 who has examined and reviewed the recent NI 43-101 report and geological information available from public sources related to the property, and is responsible for approving the technical contents of this press release.

Figure 2: Geology of the Fredart Property with Known Mineral Occurrences. Drilling will be focused on the Copperlode "A" Prospect and surrounding areas.

Image: https://www.accesswire.com/users/newswire/images/593554/9d350ea3-4420-4e86-bdea-d81e9410b98d.png

About Infinite Ore Corp.

Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects globally. The company's current focus is on properties with the potential for VMS mineralization in the Confederation mineral belt near Red Lake, Ont., as well as the Jackpot lithium property located near Nipigon, Ont.

Further update on PST newest project
"(“Pistol Bay” or the “Company”) reports that it has negotiated an agreement expediting the option agreement with Aurcrest Gold Inc. which includes the Garnet Lake/ Arrow Zone and the Fredart/Copperload properties subject to the TSX approval.

The Garnet Lake/Arrow Zone and the Fredart/Copperload properties both have NI43-101 resources. Pistol Bay negotiated an expedited agreement for the final 2 years of the option agreement for 100% interest in the properties.

The Aurcrest option agreement includes other claims besides Fredart/Copperload and Garnet Lake/Arrow Zone.

Garnet Lake/Arrow Zone has a NI43-101 resource of

3% Zn equivalent cutoff:
Indicated Resource 2,071,000 tonnes @ 5.92% Zn, 0.75% Cu, 21.1 g/t Ag and 0.58 g/t Au
Inferred Resource 120,550 tonnes @ 2.60% Zn, 0.56% Cu, 18.6 g/t Ag and 0.40 g/t Au
5% Zn equivalent cutoff:
Indicated Resource 1,762,000 tonnes @ 6.75% Zn, 0.79% Cu, 22.3 g/t Ag and 0.61 g/t Au
Inferred Resource 51,630 tonnes @ 3.86% Zn, 0.79% Cu, 23.9 g/t Ag and 0.58 g/t Au
10% Zn equivalent cutoff:
Indicated Resource 633,000 tonnes @ 14.3 Zn, 1.11% Cu, 31.7 g/t Ag and 0.85 g/t Au

Copperlode “A” or Fredart Zone has non-compliant NI 43-101

A historical mineral resource of 386,000 t grading 1.56% copper and 33.6 g/t silver
Four conductors with lengths of 400, 850, 900 and 950 metres over a length of 6.5 km.
Re: Pistol Bay Mining Inc. (the “Company”) Option to Earn a 100% Interest in the Confederation Lake Property from AurCrest Gold Inc. (“AurCrest”)

Referring to the option agreement dated October 21, 2016, as amended February 8, 2019 and October 1, 2019 between the Company and AurCrest (collectively, the “Option Agreement”). The Company and AurCrest agree that Section 2 of the Option Agreement is hereby amended and the Company shall exercise the Option on the following basis:

a) Paying to AurCrest $50,000 (the “Final Cash Payment”) on or before January 28, 2020

b) Issuing to AurCrest, effective January 28, 2020 (the “Effective Date”), 2 million common shares of the Company (the “Final Share Issuance”), 500,000 common shares of which shall be legended and restricted from trading for four months and one day from the Effective Date and 1,500,000 common shares of which shall be legended and restricted from trading for six months from the Effective Date, with the Final Share Issuance delivered to AurCrest within three (3) business days following the Effective Date; and

c) Upon final payment, the title of the properties will be transferred to Pistol Bay Mining Inc. (the ‘Company’)."

Huge volume today, so fAR.
"(“Pistol Bay” or the “Company”) is pleased to announce that it has entered into an option agreement with an arm’s length vendor to acquired a land package in the James Bay Region of Quebec.

The land package comprises of 1690 hectares and is located 12.5 kilometers South West of the recent Azimut Exploration discovery. This property is on strike on the same greenstone belt as the recent Azimut Exploration Inc. discovery. The Elmer property of Azimut Exploration and is separated from Pistol Bay property by the Dios Exploration property in that region.

“Azimut's management considers these results to be among the most significant gold exploration results in the James Bay region since the 2004 discovery of the Eleonore deposit by Virginia Gold Mines. The Eleonore mine is currently owned and operated by Newmont.” (See AZM.V News release Jan 14, 2020)

Pistol Bay can earn a 100% interest in the Property by issuing 1,000,000 common shares and paying a total of $7,000 on the date of approval. A 2% NSR has been granted to the vendor. Pistol Bay has an option to buy back1% NSR from the vendor by paying $500,000 to the vendor.

This transaction is subject to TSX Venture Exchange approval. All shares issued will be subject to a hold period expiring four months plus one day from the date of approval."

Here we go again.Let's hope for better results
PISTOL BAY MINING RELEASES EXPLORATION PLANS FOR MULTIPLE GOLD-VMS DRILL-PERMITTED TARGETS IN RED LAKE DISTRICT

Pistol Bay Mining Inc. has exploration plans for its coming work programs at its Joy trend properties (which include Fredart), located approximately 25 kilometres northeast of Great Bear Resources Ltd.'s Dixie project near Red Lake, Ont.

Recent VMS-related exploration success by BTU Metals Corp. (BTU - TSXV) continues to demonstrate the value of Pistol Bay's long-standing, district-scale land position within the Confederation VMS belt, as well as the underexplored nature of the camp as being one with the potential for further discoveries.

"With the recent successes of Great Bear and BTU Metals, Pistol Bay's extensive land position must be looked at with a new geological approach that will include looking for both VMS and gold targets. In light of our past successful drilling along the Joy corridor we will now be targeting feeder systems at depth. Pistol Bay will also be assaying for gold along the district-scale structure, which may represent a significant opportunity for our shareholders, including one that may allow for near-term assays using historic drill core," stated Charles Desjardins, President & CEO of Pistol Bay.

The Company is also pleased to confirm that drill permits are now received and in place for two of the Company's core gold-VMS exploration corridors, including Fredart (part of Pistol Bay's Joy trend) and the Arrow Zone (part of Pistol Bay's Lucky 7 trend). Recent VTEM plus(TM) flown over Pistol Bay's project has outlined numerous new exploration targets, which are now in the process of being prioritized as go-forward drill targets by the Company's geological team. Pistol Bay is also pleased to confirm that it is investigating additional geophysical techniques to deploy with the objective of delineating new deeper targets at Fredart and Arrow, both of which have experienced mostly shallow drilling and are open at depth.

The Company views it as important to note that the vast majority of VMS targets explored to-date on Pistol Bay's project base have historically received little to no investigation for gold potential as gold was not then-recognized as significant in the region. Recent exploration success by other public companies operating near Pistol Bay have advanced the regional context of prospective gold deposition as well as highlighted the area as a potentially significant gold-enriched VMS camp. Accordingly, Pistol Bay is currently undertaking ongoing research and planning to delineate and prioritize potential gold-bearing targets that may be affiliated with both tested and untested VMS targets.

During the past year, Pistol Bay has acquired two additional land packages known as the Pakwash North and Pakwash East claims to further add to its prospective Red Lake-area holdings.

The Pakwash East block comprises of 35 cells, with an area of approximately 716 hectares (1,760 acres). It is 12.5 kilometres southeast of Great Bear Resources Dixie Ltd's property. It adjoins a 9,650-hectare claim group registered to Great Bear Resources.

The Pakwash North block comprises of 106-cells, 2,174hectare (5,370 acres). It lies 21 kilometres southeast of the Dixie Lake gold discovery now being explored by Great Bear Resources Ltd, and 44 kilometres southeast of the town of Red Lake (See NR dated September 17, 2019)

The company had also optioned out its Dixie 3 and Ben Lake claims which should provide for both additional working capital to the Company as well as near-term exploration activity.

The technical information in this news release was prepared and/or reviewed by Colin Bowdidge., P.Geo., a Qualified Person as defined in National Instrument 43-101

Latest news from company
"Pistol Bay Mining Inc. has planned to commence additional geophysical studies from the 2017 VTEM survey.

Pistol Bay will be conducting a more comprehensive interpretation of the 2100 line km VTEM survey done by Geotec in 2017. To date, only a small percentage has been interpreted. We plan to focus this work on the Fredart-Gerry Lake trend, especially the number one priority target generated from the survey on the north end of the Fredart Lake trend.

This Fredart historic mineral resources of 386,000 t grading 1.56% copper and 33.6 g/t silver (non-compliant NI 43-101). Drill-tested to a depth of approximately 200 metres, reported as being open at depth. As well the 2017 2100 line km VTEM survey identified four conductors with lengths of 400, 850, 900 and 950 metres over a length of 6.5 km.

The second priority target will be north of the 43-101 compliant Arrow Zone on the Garnet property. This Arrow Zone has historic resources as follows: 3% Zn equivalent cutoff:

Indicated Resource 2,071,000 tonnes @ 5.92% Zn, 0.75% Cu, 21.1 g/t Ag and 0.58 g/t Au Plus Inferred Resource 120,550 tonnes @ 2.60% Zn, 0.56% Cu, 18.6 g/t Ag and 0.40 g/t Au

5% Zn equivalent cutoff:

Indicated Resource 1,762,000 tonnes @ 6.75% Zn, 0.79% Cu, 22.3 g/t Ag and 0.61 g/t Au Plus

Inferred Resource 51,630 tonnes @ 3.86% Zn, 0.79% Cu, 23.9 g/t Ag and 0.58 g/t Au

10% Zn equivalent cutoff: Indicated Resource 633,000 tonnes @ 14.3 Zn, 1.11% Cu, 31.7 g/t Ag and 0.85 g/t Au

Pistol Bay had acquired additional ground by staking new claims covering previously unknown anomalies detected by the 2017 2100 line km VTEM Plus(TM) airborne survey. The new claims cover a continuous magnetic anomaly that runs for 6.5 kilometres between the existing Joy and Fredart claim groups. The total strike length of this anomaly, which encompasses the historic Joy and Fredart claim groups, is now approximately 22 kilometres. There are also numerous cases where the new survey has detected parallel conductors, or extensions of known conductors.

Pistol Bay will also like to report that it has decided that it will not proceed with optioning the Fredart-Gerry Lake properties in Red Lake, Ontario to Belmont Resources.(see NR September 04, 2019)

Mutually agreed by both parties, Pistol Bay have decided to keep the assets in the company and will continue to do the work necessary in getting them ready for the next base metal cycle. Pistol Bay will also be concentrating on area with gold potential which historically have had little focus."
In other words, DON'T HOLD YOUR BREATH

As expected first PP proposed by management - no comment
"Pistol Bay Mining Inc. has arranged a private placement of up to 25 million units at a price of two cents per unit for total gross proceeds of up to $500,000. Each unit comprises one common share and one-half of one transferable warrant, with each full warrant entitling the holder to acquire an additional common share of the company at a price of five cents for a period of 12 months from the date of issuance.

Proceeds of the private placement will be used as shown in the attached table. Unallocated working capital will be used to maintain operations and cover general and administrative expenses for the next five months. Finders' fees may be payable in whole or in part on the placement pursuant to the policies of the TSX Venture Exchange. The private placement is subject to the acceptance of the TSX-V.

Proposed financing $500,000
Proposed use of financing
Geophysical budget 60,000
TSX filing fees 3,500
Accounting fees for Q1/Q2 8,000
Audit fees 48,000
Property payments outstanding 90,000
Core -- warehouse rental payments 14,000
Transfer agent 2,500
Legal 7,000
AGM budget 5,000
Loan repayments (non-related parties) 60,000
Professional fees (geologist and more) 50,000
Internet/phone 7,000
Consultants (non-related parties) 30,000
Related parties 15,000
Unallocated working capital 100,000
Total use of financing $500,000
About Pistol Bay Mining Inc.

Pistol Bay is a diversified junior Canadian mineral exploration company with a focus on zinc and base metal properties in North America. The company is also actively pursuing the right opportunity in other resources to enhance shareholders value."

Confirmation of the newest project.
"The TSX Venture Exchange has accepted for filing an option agreement dated Sept. 9, 2019, between Pistol Bay Mining Inc. and 1544230 Ontario Inc. (Perry English and Julie English, the vendors), whereby the company may acquire a 100-per-cent interest in 141 mining cells (7,130 acres) located in the North Pakwash Lake area, Red Lake mining division, Ontario. Consideration is $45,000 cash and 500,000 common shares over a three-year period. The vendors retain a 1.5-per-cent net smelter return (NSR), with the company retaining the right to purchase one-half (0.75 per cent) at any time for $500,000.

Another project announced by management, hope it will prove viable
"PISTOL BAY ACQUIRES ADDITIONAL GOLD EXPLORATION CLAIMS IN RED LAKE

Pistol Bay Mining Inc. has entered into an option agreement with 1544230 Ontario Inc. subject to TSX Venture Exchange approval, to acquire a 100-per-cent right, title and interest in and to 141 mining cells located in the Pakwash Lake area in the Red Lake mining district, Ontario. The 7130-acre properties are located east and south of Great Bear Resources recent discovery.

Charles Desjardins, President & CEO of Pistol Bay stated, "The company is excited about the additional prospects for gold in the vicinity of the recent Great Bear Resources discovery. We believe there is considerable potential for gold on our Confederation Lake side of the Red Lake Mining district as well as the known historic resources of silver, copper and zinc. Many of the historic drill holes in Confederation Lake were not assayed for gold."

The property comprises two separate claim blocks. The first claim group is referred to as the Pakwash East block. It comprises 35 cells, with an area of approximately 716 hectares (1,760 acres). It is 12.5 kilometres southeast of the Great Bear Resources Dixie property. It adjoins a 9,650-hectare claim group registered to Great Bear Resources. It is traversed by provincial Highway 105, a 115 kV transmission lines and a natural gas pipeline. It is underlain by metasedimentary rocks and granitic intrusions, according to published geological maps. Although it formed part of the Laurentian Goldfields Inc. Goldpines project, the only exploration reported in the area of the Pakwash East block was an airborne magnetic and VLF-EM survey.

The second claim group is referred to as the Pakwash North block. It comprises of 106-cells, 2,174-hectare (5,370 acres). It lies 21 kilometres southeast of the Dixie Lake gold discovery now being explored by Great Bear Resources Ltd, and 44 kilometres southeast of the town of Red Lake. It is accessible by old forestry access roads leading from provincial highway 105, as well as by boat via Pakwash Lake and the Chukuni and English Rivers.

The Pakwash North Block lies in an area of metasedimentary rocks of the English River terrain, including a variety of granitoid intrusives, and straddles a major structural, the Sydney Lake Fault. Metasedimentary terrains in the vicinity of major structures, once considered to have low mineral potential, have been the site of recent gold discoveries such as Newmont-Goldcorp's Eleonore mine in northern Quebec, the Curraghinalt gold deposit in Northern Ireland, and the Valentine Lake gold deposit in Newfoundland.

The Pakwash North Block formerly comprised part of a large claim group known as the Goldpines property, that was explored by Laurentian Goldfields Inc. in 2010 and 2011. This was the only previous exploration in the area, and work in this part of the Goldpines property was confined to geological mapping, lake-sediment geochemical surveying and MMI soil sampling and analysis. The mapping confirmed the existence of the Sydney Lake Fault. There are a small number of MMI soil samples with anomalous gold adjacent to the Sydney lake Fault in the eastern part of the property.

The accompanying map shows the Pakwash North and Pakwash East claim blocks, Great Bear Resources Dixie and Pakwash properties, as well as the Pakwash South property (see news release 29 July, 2019). The Dixie 17-18-19-20 and Dixie 3 (Snake Falls) claim blocks, part of Pistol Bay's Confederation Lake project, are also indicated on the map.

Under the terms of the option agreement, in order to acquire a 100% right, title and interest in and to the property, Pistol Bay is required to make total cash payments of $45,000 and issue a total of 500,000 shares over a three-year period. 1544230 Ontario Inc. will retain a 1.5% net smelter returns royalty.

Pistol Bay Mining Inc. shall have the right at any time to purchase one-half (1/2) of the NSR Royalty, being three-quarters of one percent (0.75%), from 1544230 Ontario Inc. in consideration of the payment to 1544230 Ontario Inc. of $500,000, thereby leaving Pistol Bay with three-quarters of one percent (0.75%) NSR Royalty.

The technical information in this news release was prepared and/or reviewed by Colin Bowdidge., P.Geo., a Qualified Person as defined in National Instrument 43-101"

an amendment to the deal
Pistol Bay Mining Inc. has agreed to extend, subject to the approval of the TSX Venture Exchange, work commitments under the Joy North option agreement dated Feb. 9, 2017, from three years to five years. In consideration of the foregoing amendment, the company shall issue 100,000 common shares, upon TSX Venture Exchange approval, and a further 100,000 common shares on or before the date that is the one-year anniversary of the TSX Venture Exchange approval"

FINALLY AN AGREEMENT that can see possible development of the promising Confederation holdings of PST'
The deal provides cash payments of $340,000. to keep PST viable with no share dilution of PST. As well, 4 million shares of Belmont will be obtained by PST. Success here would enhance the value of the remaining Confederation holdings of PST not included in this agreement.
"PISTOL BAY OPTIONS OUT FREDART-GERRY LAKE PROPERTIES, RED LAKE, ONTARIO

Subject to the approval of the TSX Venture Exchange, Pistol Bay Mining Inc. has entered into an option agreement whereby Belmont Resources Inc. will option from Pistol Bay its Fredart-Gerry Lake properties in Red Lake, Ont.

Fredart/Gerry Lake property acquisition, Red Lake mining division

Pistol Bay is pleased to announce that it has entered into a mineral property acquisition agreement with Belmont Resources on its Fredart-Gerry Lake and several adjoining claim groups in the Confederation Lake greenstone belt, approximately 70 kilometres southeast of Red Lake, Ont. The Arrow zone-Garnet Lake, an adjoining claim block, also owned by Pistol Bay, contains an inferred mineral resource (2017 National Instrument 43-101) containing 2.1 million tonnes of 5.78 per cent zinc, 0.72 per cent copper, 195 grams per tonne silver and 0.60 g/t gold as filed on SEDAR -- September, 2017. The geological setting of the Fredart and associated claims is similar to the Garnet Lake claim area.

The Fredart property had 124 drill holes between 1956 and 2003, totalling 22,500 metres. Additional drilling on the western extension of the Fredart trend and the Joy-Caravelle area has not been compiled yet. The copperlode A or Fredart zone deposit has a historical mineral resource of 425,000 tonnes grading 1.56 per cent copper. This historical resource estimate does not comply with the standards of NI 43-101 and has not been reviewed by a qualified person. The zone was drill tested to a depth of approximately 200 metres over a length of 350 metres, and was reported as being open at depth. Only portions of the drill holes were assayed for gold, due to the low price of gold at the time. The area was also explored for molybdenum in the 1970s, and samples containing up to 1.46 per cent Mo were reported.

Access to the area is by all-weather roads and a first-class gravel road for 40 kilometres from the town of Ear Falls, along the length of the property. Local resources include the availability of skilled labour; a 115-kilovolt transmission line from Ear Falls hydroelectric generating station to Pickle Lake and Musselwhite, which crosses the property; natural gas at Ear Falls; and water readily available throughout the area.

The Fredart property and additional claim units comprise 406 mining claims with an area of approximately 6,700 hectares (16,500 acres). It covers a 17-kilometre length of the Confederation Lake greenstone belt. It includes two substantial mineral deposits and a number of mineralized drill intersections that are ready for follow-up drill testing. Mineralization on the property is of volcanogenic massive sulphide (VMS) type, dominated by zinc, copper and silver, with occasional associated gold values and areas drilled but untested for gold. The mafic-dominated part of the belt hosts an iron formation, which defines the Fredart-Gerry Lake favourable horizon. Iron formations are very often associated with gold mineralization.

The property is 25 kilometres northeast of the Dixie property -- owned by Great Bear Resources Ltd. -- that has been reporting high-grade gold intersections, and its pace of discoveries has accelerated. Numerous other junior venture companies have been exploring the area, which is becoming one of the most active mining camps in Ontario.

In 2017, a VTEM Plus (versatile time domain electromagnetic Plus) survey was completed, which covers most of the greenstone belt. Airborne magnetics and electromagnetic anomalies are superimposed on the Ontario government surveys. Mag from the VTEM survey suggests the presence of granitic intrusions below surface in the northeast part of the Fredart area. The VTEM survey revealed two, or even three, parallel conductive responses over large parts of the Fredart-Gerry Lake trend.

Also included in the claim block is the Joy-Caravelle area. This western end of the property area contains multiple zones of Zn-Cu VMS deposits in a felsic-dominated part of the belt. Drill hole assays reported were as high as 21.6 per cent Zn and 0.13 per cent Cu over 0.25 metre; 17.17 per cent Zn and 0.28 per cent Cu over 0.60 metre; and 4.01 per cent Cu over 3.55 m, to name a few. Most of the drill holes were not assayed for gold. The Joy North claim has an undrilled 1,100-metre-long conductor, which is at a different stratigraphic horizon from the Fredart-Gerry Lake trend and is unexplored.

Terms of the option

The option terms over a three-year period are as follows.

For a 65-per-cent interest:

$40,000 cash and 1.5 million shares upon exchange approval;
$50,000 cash and 1.5 million shares -- first-year anniversary of exchange approval;
$50,000 cash and 1.0 million shares -- second-year anniversary of exchange approval.
Belmont can earn an additional 10-per-cent interest (total 75 per cent) upon completion of second-anniversary obligations by payment of $200,000 in cash. Belmont and Pistol Bay would then enter into a joint venture agreement. A royalty of 2-per-cent net smelter returns (NSR) is payable to Glencore PLC on all the claims except the Fredart claims, where a 2-per-cent NSR royalty is payable to Perry English, with a $10,000 annual advance royalty payment to Mr. English.

Colin R. Bowdidge, PhD, PGeo, and a qualified person as defined by National Instrument 43-101, has reviewed and approved the above technical information in this news release."

Update from PST
No comment from me

"PISTOL BAY ACQUIRES GOLD EXPLORATION CLAIMS IN RED LAKE

Pistol Bay Mining Inc. has entered into an option agreement with Northbound Capital, subject to TSX Venture Exchange approval, to acquire a 100-per-cent right, title and interest in and to 104 mining cells located in the Cabin Bay township in the Red Lake mining district, Ontario. The 5,264- acre property is located southeast of Great Bear Resources recent discovery.

Charles Desjardins, President & CEO of Pistol Bay stated, "We are excited about this new Red Lake gold prospect coming to Pistol Bay having always been Red Lake Mining district believers. We feel the recent discoveries by Great Bear will help focus attention on the gold and base metal potential of Pistol Bay's Confederation Lake land package and the Red Lake Mining district as a whole."

Under the terms of the option agreement, in order to acquire a 100% right, title and interest in and to the property, Pistol Bay is required to make total cash payments of $82,500 and issue a total of 3,000,000 shares over a three-year period. Northbound Capital will retain a 2.0% net smelter returns royalty. Pistol Bay Mining Inc. shall have the right at any time to purchase one-half (1/2) of the NSR Royalty, being one percent (1%), from Northbound Capital in consideration of the payment to Northbound Capital of $1,000,000, thereby leaving Pistol Bay with a one percent (1%) NSR Royalty.

The 2,130-hectare (5,264 acres) Pakwash South property lies southeast of the Dixie Lake gold discovery now being explored by Great Bear Resources Ltd. It is accessible by old forestry access roads leading from provincial highway 105, as well as by boat via Pakwash Lake and the Chukuni and English Rivers.

The property lies in an area of metasedimentary rocks of the English River terrain, including a variety of granitoid intrusives, and is situated just to the south of a major structural zone called the Sydney Lake Fault. Metasedimentary terrains in the vicinity of major structures, once considered to have low mineral potential, have been the site of recent gold discoveries such as Newmont-Goldcorp's Eleonore mine in northern Quebec, the Curraghinalt gold deposit in Northern Ireland, and the Valentine Lake gold deposit in Newfoundland.

The property formerly comprised part of a large claim group known as the Goldpines. This was the only previous exploration in the area, and work in this part of the Goldpines property was mainly geochemical, with lake-sediment, lake-water surveys and extensive soil sampling for MMI analysis. The property covers a cluster of anomalous gold in MMI soil samples over an area of 2600 * 1900 metres

Vanadium Project

Pistol Bay is also planning an initial work program of sampling and prospecting in the near term on our Vanadium Project in Nevada, USA.

The technical information in this news release was prepared and/or reviewed by Colin Bowdidge., P.Geo., a Qualified Person as defined in National Instrument 43-101

About Pistol Bay Mining Inc.

Pistol Bay Mining Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on zinc and base metal properties in North America. The company is also actively pursuing the right opportunity in other resources to enhance shareholders value

What good is it to get more mining properties by this company ,when they are broke ,no income as there is no mining done .they dilute the shares to raise money to by more properties .It cost a lot of money to start mining .
Right now ,this company is run by a bunch of clueless people .
for now ,we will see again a reverse share split to get more money. THIS IS VERY STUPIT SITUATION AND BAD FOR US BAG HOLDERS .At the end this will go to a delisting and everyone loses. One thing is good that they are doing this year is no more stupid news releases like 2018 .

Finally another project for PST
"(“Pistol Bay” or the “Company’) wishes to announce that it has acquired a Vanadium project totaling 980 acres in Clark County, Nevada.

Pistol Bay Mining Inc. has signed an agreement with arm's-length third parties to acquire, subject to TSX Venture Exchange approval, a 980 acre land package covering two properties known as the Vanadium Claims Group (VCG) project. The VCG project is located in Clark County, Nevada; a historical mining district with 34 reported occurrences of vanadium mineralization. Vanadium is a strategic mineral critical to steel strengthening and utility scale battery technology.

The mining district was mapped by the USGS in the 1920’s. The USGS report makes the following comment “Vanadates are uncommonly widespread in the district” and that significant concentrations of vanadium were shipped from the district in the form of mine concentrates and bulk shipments. The USGS report also mentions a number of other references to vanadium mineralization in the district:
a) concentrates reported to contain 15% V2O5
b) 3.75% V205 over 2.3m
c) 3m wide zone estimated to run up to 10% V2O5

The USGS described the styles of mineralization within the district and recorded a significant number of vanadium occurrences containing vanadinite, descloizite, cuprodescloizite, psittacinite and other unnamed vanadium minerals.

The USGS reported that a number of outcrops from within the two areas covered by the VCG project contained vanadium mineralization and that shipments of vanadium mineralization were made from one of the areas now covered by the VCG project.

Charles Desjardins, President & CEO of Pistol Bay, stated, “We are excited to make this acquisition as it provides the Company exposure to the District Scale Potential of the area for high grade Vanadium mineralization, low cost exploration as well as potential for significant by-product credits ( lead, zinc, silver) from related mineralization in a district that not been systematically explored for vanadium.”

Vanadium Deposits and Target Grades
The most important vanadium bearing minerals are vanadinite (19% V2O5), descloizite (22% V2O5), cuprodescloizite (17-22% V2O5), carnotite (20% V2O5), roscoelite (21-29% V2O5), and patronite (17-29% V2O5).

The vanadium mineralization exposed within the VCG project belongs to the Exogenic type vanadium deposits characterized by typically higher grade (2-10% V2O5) mineralization; the vanadium minerals descloizite, cuprodescloizite and vanadinite and occur in oxidation zones of lead-zinc and copper mineralization.

Details on the Vanadium Project
Claims Group #1:
Measures approximately 1.6 km by 1.0 km covering a number of reported vanadium showing exposed in outcrop and in old mine workings. The USGS report states: “One mine (located within the claim group) however did ship 14 tons of material to the American Vanadium Company.” Information on the vanadium content of the shipment is not available.

Claims Group #2:
Covers an area measuring approximately 1.6 km by 1.0 km with reported vanadium mineralization and a significant number of old workings. No exploration has been completed on the two groups.

Terms of Acquisition

1. The Vendor hereby agrees to sell and that Pistol Bay Mining Inc. agrees to purchase the Claims free and clear of all liens, charges, and encumbrances for and in consideration of $15,000 USD plus the sum of $150,000 USD upon exchange approval, and 8,000,000 fully paid and non-assessable common shares of Pistol Bay Mining Inc. (the “Purchase Price”).

2. The Purchase Price is due and payable as follows:

(a) A cash consideration of $15,000 USD paid on the date of execution of this Agreement.
(b) $50,000 USD upon exchange approval.
(c) $100,000 USD six months post exchange approval.
(d) 8,000,000 fully paid and non-assessable shares of Pistol Bay Mining Inc. on the five days following the date this agreement is accepted for filing by the TSX Venture Exchange (the date of acceptance being the “Effective Date”); and
(e) A 2% Net Milling Returns Royalty on the Properties (the “Royalty”); including the right of Pistol Bay Mining Inc. to purchase one and one half (1.5%) of the Royalty at any time for USD $1,000,000.

The technical information in this news release was prepared and/or reviewed by Glen Macdonald, Ph.D., P.Geo., a Qualified Person as defined in National Instrument 43-101.

About Pistol Bay Mining Inc.
Pistol Bay Mining Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on zinc and base metal properties in North America. The company is also actively pursuing the right opportunity in other resources to enhance shareholders value.

PISTOL BAY SHAREHOLDERS APPROVE ALL MATTERS AT THE AGM

All resolutions were passed at Pistol Bay Mining Inc.'s annual general meeting held on Dec. 5, 2018

Each of the nominees for elections as directors listed in the company's information circular dated Nov. 7, 2018, were elected as directors of the company for the ensuing year and the number of directors was fixed at four. Charles Desjardins, Dave Bissoondatt, Doug McFaul and Glen MacDonald were all elected as directors of the company by a majority of the votes cast by shareholders present or represented by proxy at the meeting.

Manning Elliott LLP of Vancouver, B.C., will remain as the auditor of the company for the ensuing year until the next annual general meeting at a remuneration to be fixed by the directors.

About Pistol Bay Mining Inc.

Pistol Bay Mining is a diversified junior Canadian mineral exploration company with a focus on zinc and base metal properties in North America. The company is also actively pursuing the right opportunity in the cannabis space looking to enhance shareholder value.

PST announces it has signed an agreement with Zimtu Capital Corp. (“Zimtu”) (TSX.V: ZC; FSE: ZCT1) whereas Zimtu shall provide its ZimtuADVANTAGE program.

ZimtuADVANTAGE is a program designed to provide opportunities, guidance, cost savings and assistance to clients covering multiple aspects of being a public company. The services may include building financial networks, building business networks, shared costs with other public companies, building a social media presence, conference opportunities, media outlets and guidance and special group pricing provided by Zimtu’s network of public company professionals. The program provides the flexibility to allow companies to customize the products and services to best support their needs.
Under the terms of the agreement, Zimtu shall receive $8,333 per month for a period of twelve months. The agreement is subject to the approval of the TSX Venture Exchange.

About Pistol Bay Mining Inc.

Pistol Bay Mining Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on zinc and base metal properties in North America. The company is also actively pursuing the right opportunity in the Cannabis space looking to enhance shareholders value.

I agree we need a signed deal on both listed projects to stimulate ANY investor interest

The last news rele3ase is a bad joke ,added no value to the shareholders .
Investors are dumping their shares and no new buyers .If present management cannot come up with any good news ,only lies ,we are kaput with this company .We need some good news or bk.

Finally, an update from the company' lots discussed, lots
needs positive movement!!
Pistol Bay Mining Inc. (TSX-V - PST; Frankfurt - OQS2, OTC/Pink Sheet symbol SLTFF) (“Pistol Bay” or the “Company’) is pleased to give an update on its plans in Confederation Lake as well as in looking at opportunities outside of the resource sector and opportunities in the cannabis industry.

CONFEDERATION LAKE
We are presently in communication with multiple companies interested in Joint Ventures in certain land packages in Confederation Lake. These Joint Venture proposals are being studied and we hope to make a decision in the near future. Pistol Bay is also looking at certain land packages within Confederation Lake to drill ourselves.

ADAPTOGENIC BLEND WITH AND WITHOUT CBD
On September 04, 2018, Pistol Bay had entered into an exclusivity agreement with a private Ontario company (“Privco”), that allows Pistol Bay to undertake due diligence on the products, the intellectual property surrounding the products and the market opportunities for both the foundational product, as well as new product applications containing cannabinoids. The parties are at arm’s length. No business or financial terms have been agreed to at this point and there can be no assurance that Pistol Bay will decide to proceed with a transaction following completion of due diligence, or that the parties will agree on financial or business terms.

We are currently still undertaking our due diligence with Privco and we expect a decision in the very near future. (see news release September 06, 2018) Our Exclusivity Agreement with this company has expired but both sides continue to negotiate in good faith.

FINANCINING The first tranche of a non-brokered private placement financing (the “Private Placement”) for total gross proceeds of $425,000 was closed on October 25, 2018 (see news release October 25, 2018)
The Company has allotted and issued 8,500,000 units (the “Units”) at a price of $0.05 per Unit. Each Unit is comprised of one common share and one transferable warrant, with each warrant entitling the holder to purchase one additional common share of the Company for a period of up to eighteen months at a price of $0.08. In addition, the Company has paid finder’s fees of a total of $2,000 and issued an aggregate 40,000 finder’s warrants (the “Finders Warrants”). Each Finders Warrant is exercisable into one common share for a period of up to twelve months at a price of $0.05.

We are proceeding to close the remaining $325,000 of this Private Placement. This will be announced as soon as it is completed.

About Pistol Bay Mining Inc.
Pistol Bay Mining Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on zinc and base metal properties in North America. The company is also actively pursuing the right opportunity in the Cannabis space looking to enhance shareholders value.

Another PP completed
lets hope management uses the monies to successively further a revenue stream

"The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 25, 2018.

Number of shares:8.5 million shares Purchase price:five cents per share Warrants:8.5 million share purchase warrants to purchase 8.5 million shares Warrant initial exercise price:eight cents Warrant term to expiry:18 months Number of placees:17 placees Insiders:Dave Bissoondatt, 200,000; Zimtu Capital Corp. (Dave Hodge), 2.25 million Finder's fee:Canaccord Genuity Corp., $1,000 cash and 20,000 warrants; Mackie Research Capital Corp., $1,000 cash and 20,000 warrants Finder's warrant initial exercise price:five cents Finder's warrant term to expiry:12 months

Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

no news on the last news release issued in June 2018

Pistol Bay Closes First Tranche of Financing

Vancouver, B.C. – October 25, 2018: Pistol Bay Mining Inc. (TSX-V - PST; Frankfurt - OQS2, OTC/Pink Sheet symbol SLTFF) (“Pistol Bay” or the “Company’) ”) is pleased to announce it has closed the first tranche of a non-brokered private placement financing (the “Private Placement”) for total gross proceeds of $425,000.
The Company has allotted and issued 8,500,000 units (the “Units”) at a price of $0.05 per Unit. Each Unit is comprised of one common share and one transferable warrant, with each warrant entitling the holder to purchase one additional common share of the Company for a period of up to eighteen months at a price of $0.08.
In addition, the Company has paid finder’s fees of a total of $2,000 and issued an aggregate 40,000 finder’s warrants (the “Finders Warrants”). Each Finders Warrant is exercisable into one common share for a period of up to twelve months at a price of $0.05.
The Company will use the proceeds of the Private Placement for general working capital purposes. All securities issued under the Private Placement are subject to a four-month and one-day hold period expiring on February 26, 2019.
About Pistol Bay Mining Inc.

This article predict significant growth in CBD usage and why
management of PST is very interested in the potential of this private company!
Full disclosure I own shares in LDS.

According to a research report published by Technavio, the legal cannabis market is estimated to grow at a steady CAGR of about 24% until 2021. The increasing popularity of cannabidiol (CBD) oil products is one of the primary growth factors for the market. The research indicates that the growing impact of online retailers is expected to contribute significantly to the legal cannabis market. Additionally, the medical applications of CBD, and the growing awareness of them, is what makes this segment of the industry so important to its overall growth. Technavio's analysis suggests that the demand for CBD oil is high in many different parts of the world because of its potential therapeutic applications for various illnesses. The CBD market is projected to grow at a CAGR of more than 39% by 2021. Tidal Royalty Corp. (OTC: TDRYF), InMed Pharmaceuticals, Inc. (OTC: IMLFF), Leafbuyer Technologies, Inc. (OTC: LBUY), United Cannabis Corporation (OTC: CNAB), Lifestyle Delivery Systems Inc. (OTC: LDSYF)

Pistol Bay Mining Inc. (TSX-V - PST; Frankfurt - 0QSA, OTC/Pink Sheet symbol SLTFF) (“Pistol Bay” or the “Company’) would like to take this opportunity to clarify its news release issued September 5, 2018.

At the present time, the Company has not entered into an agreement to market the nutraceutical products referenced in the news release issued yesterday. The Company has entered into an exclusivity agreement with a private Ontario company (“Privco”), executed by the parties on September 4, 2018, that allows Pistol Bay to undertake due diligence on the products, the intellectual property surrounding the products and the market opportunities for both the foundational product, as well as new product applications containing cannabinoids. The agreement restricts Privco from negotiating for the sale or licensing of the products to third parties for a period of 60 days. The parties are at arm’s length. No business or financial terms have been agreed to at this point and there can be no assurance that Pistol Bay will decide to proceed with a transaction following completion of due diligence, or that the parties will agree on financial or business terms. If such an agreement is entered into, such transaction would likely constitute a change of business pursuant to the policies of the TSX Venture Exchange. In such case trading will be halted pending the approval of such transaction by the TSX Venture Exchange.

The Company wishes to clarify certain information relating to the products which are the subject matter of the current due diligence being undertaken. Privco has advised that it has invested $5.5 million to date in the development, and clinical testing of its foundational product, which has sold commercially since 1991. This foundational product, primarily sold through multi-level marketing companies, is mainly a combination of botanicals that contain multiple molecules that contribute to delivering therapeutic effects, including stress reduction and anti-aging. The foundational product holds an NPN (Natural Health Number) which was issued by Health Canada and Privco advises that retail sales of the product by third party licensees has totaled approximately US$500 million to date.

Privco has developed a product that combines its foundational product with CBD molecules. CBD is a plant-based molecule that is getting a lot of attention recently for its many benefits including treating pain, anxiety, inflammation, and epilepsy. Privco believes that CBD when combined with its foundational product could enhance the efficacy of the CBD.

Privco is also developing a second product, a full spectrum soft gel, which will contain solely CBD. Neither of these products have been made available for commercial sale and remain subject to further development and clinical trials.

The Company also wishes to clarify that the statement from the September 5, 2018 news release, “We are unique worldwide in that our adaptogenic blend increases the bioavailability and bioefficacy of the cannabinoids significantly”, was meant to reference a statement put forward by Privco in their current marketing materials. At present, Pistol Bay undertakes no activity in this line of business.

Investors are cautioned that until such time as a definitive transaction agreement is entered into, and a management information circular or filing statement is prepared in connection with such a transaction, any information released or received with respect to the potential transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Pistol Bay should be considered highly speculative.

The TSX Venture Exchange has in no way passed upon the merits of any potential transaction and has neither approved or disapproved the contents of this news release.

About Pistol Bay Mining Inc.
Pistol Bay Mining Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on zinc and base metal properties in North America. The company is also actively pursuing the right opportunity in the Cannabis space looking to enhance shareholders' value

Amazing new project. Until we know the details of financial involvement hard to know what the structure of this deal will justify the share price.But, cannabis is an exciting area!
'PISTOL BAY SIGNS EXCLUSIVITY AGREEMENT FOR CANNABINOID HERBAL BLEND

Pistol Bay Mining Inc. has provided an update on its plans to seek opportunities outside of the resource sector and, in particular, the cannabis industry.

Charles Desjardins, President and CEO of Pistol Bay reports that the company has entered into negotiations and signed an Exclusivity Agreement to negotiate for the acquisition of the world-wide exclusive rights to market three nutraceutical products from an established private Ontario Company, that specializes in the development, manufacturing and marketing of premium phytopharmaceuticals, offering innovative solutions to complex issues of human health. The three natural health products demonstrate unique intellectual property with respect to novel ingredients, production and extraction technology. To date $5.5 million has been spent on clinical trials to prove safety and efficacy of the foundational product, which has generated approximately USD $500 million in sales.

The foundational product is a combination of ten botanicals, wherein each contains multiple molecules that contribute to delivering adaptogen and antioxidant effects, providing noticeable improvements in physical, mental and emotional well-being.

In recent trials and testimonies this anti-stress blend has shown therapeutic benefits when combined with cannabinoids (containing minimal THC), which then formed the basis of two other products:

Cannabidiol (CBD) combined with the foundational adaptogen blend.
A full spectrum soft gel containing solely CBD.
About Adaptogens and CBD

Stress has a role in every human disease, and that the mitigation of the effects of stress is of vital importance in preserving human wellness.

Using genuine proper double-blinded placebo-controlled clinical trials it has been proven that the adaptogenic blend modulates the body's production of cortisol (the stress hormone) without using steroidal mechanisms, but rather working through diffusing systemic physiological mechanisms.

The adaptogens contain hundreds of biologically active molecules extracted from an orchestra of plant species that have been carefully selected and prepared to function in harmony and provides tools it needs to function optimally allows it to stay healthy.

The other two products will contain cannabidiol (CBD) which is a plant-based molecule (there are hundreds of different plant-based molecules that can come from hemp and they fall mainly into the categories of terpenes, flavonoids and cannabinoids). CBD is one of over 100+ cannabinoids found in hemp.

CBD a non-psychoactive, plant-based molecule. It is getting a lot of attention recently for its many benefits including treating pain, anxiety, inflammation, epilepsy and diabetes without the disconcerting feelings of lethargy or dysphoria. CBD works with the body's endocannabinoid system to deliver these benefits.

The finished products containing CBD will be manufactured to comply with both US and Canadian regulatory laws, and each lot is tested to ensure THC levels are below the permitted requirements.

We are unique worldwide in that our adaptogenic blend increases the bioavailability and bioefficacy of the cannabinoids significantly.

About Pistol Bay Mining Inc.

Pistol Bay Mining Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on zinc and base metal properties in North America. The company is also actively pursuing the right opportunity in the Cannabis space looking to enhance shareholders value.

WHAT IS GOING ON !!!

Pistol Bay Considers Business Outside of Resources
Vancouver, B.C. – August 01, 2018: Pistol Bay Mining Inc. (TSX-V - PST; Frankfurt - OQS2, OTC/Pink Sheet symbol SLTFF) (“Pistol Bay” or the “Company’) announces that despite the recent encouraging results of the 2018 Confederation Lake drilling program and the existing potential still to be explored on the 51,050 acres Zinc-Copper Properties, with 570 holes drilled to date, the Company is considering other business ventures.
The Company has no current intention of abandoning the Confederation Lake properties, but the geopolitical world we are in has dampened the demand for commodities. With this in mind, the company is considering becoming involved in the cannabis industry which has become a major focus for capital markets. The reason for the Company’s interest in this industry is because of the opportunities being presented to the Company. Cannabis companies have raised substantial capital from the public markets and many companies’ shareholders have seen increased share values.
The Company has not signed any term sheet, letter of intent or indication of interest, and has no particular transaction which it is currently pursuing in the cannabis industry. However, as opportunities present themselves, management will take the time to consider whether those opportunities would better serve the interests of the Company’s shareholders. Canada’s anticipated legalization of cannabis has put Canada in an advantageous position within this industry.
Charles Desjardins, CEO of Pistol Bay states “We definitely still believe in the potential of the Confederation Lake project, but we want to create value now for Pistol Bay shareholders, so we will start looking seriously at the cannabis opportunities that are being presented to the Company. If the right deal comes along, and if we believe that we as a Company can add value because of our experience and connections in the public markets, it would only make sense to take that deal and try to make it a success. We will not jump at the first thing that comes along but will take the time to make decisions based on the right reasons. No particular deal is imminent at this time.”
The Company also announces that it has engaged the law firm of Cassel Brock & Blackwell LLP with the intention of advising Pistol Bay in the cannabis space.
Pistol Bay is also pleased to welcome Dr Zoltan P Rona to its Advisory Board. Dr Zoltan is a graduate of McGill University Medical School and has a Masters Degree in Biochemistry and Clinical Nutrition. He is a 40-year member of the Canadian Medical Association (CMA) and a past president of The Canadian Holistic Medical Association. He is the author of best selling books on health along with a private medical practice in Toronto for the past 37 years. He has appeared on radio and TV as well as lectured extensively in Canada and the US.
He currently writes regular articles for Alive and Vitality magazines and for several web sites on the appropriate medical usage of cannabis.
His latest focus is peer reviewed cannabinoid research and the safe utilization of this medicine in conjunction with natural health products. He not only understands this burgeoning sector from a medical prospective, but has several years of insights and effective results in the safe and therapeutic usage of cannabis.``

PISTOL BAY MINING AMENDS TERMS OF FINANCING

Pistol Bay Mining Inc. has amended the terms of its non-flow-through units and flow-through units offered pursuant to the non-brokered private placement financing announced on May 17, 2018. The Company has amended the terms of up to 4,000,000 units to be issued as non-flow-through units, which are now at a price of $0.06 per unit, consisting of one common share and one whole warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.10 per share for 18 months from the date of closing. In addition, the Company has amended the exercise price of the warrants attached to the flow-through units. Up to 6,000,000 units will be issued as flow-through units at a price of $0.08 per unit consisting of one common share and one-half of one whole warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.12 per share for 18 months from the date of closing.

Finder's fees, as allowed pursuant to the policies of the TSX Venture Exchange, may be payable in connection with the offering. The proceeds of the Offering will be used for general working capital.

About Pistol Bay Mining Inc.

Pistol Bay Mining Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on zinc and base metal properties in North America. For additional information please visit the Company website at www.pistolbaymininginc.com or contact Charles Desjardins at pistolbaymining@gmail.com.

It isn't great but the numbers MAY prove better. Next drilling should have or will happen shortly in next area. Actually, the first numbers are promising. we need a J/V to wake up the Market.!!
Why do you say Charles lied? They are drilling to prove that the historical assays are relevant and they have. So far.
The Market is the Market.My brilliant statement

THIS NEWS RELEASES DID NOTHING FOR THE SHARE PRICE .This stock is dead and no one is buying this shit as we where lied to .

HERE ARE ASSAYS FROM THE ARROW ZONE!! more drilling to come
(“Pistol Bay” or the “Company’) is pleased to announce that the company has now received all the assays from its first phase of diamond drilling on the Arrow Zone, on its Confederation Lake zinc-copper (-gold and -silver) property southeast of Red Lake, Ontario. Three holes totalling 1,555.5 metres were drilled to provide additional information in areas where previous drill intercepts were sparse, or where there was a degree of uncertainty in the location of drill intercepts.

All three diamond drill holes intersected a sulphide zone with sphalerite, chalcopyrite, pyrite and pyrrhotite. Occasionally, minor amounts of galena were present. The following table presents average grades across the entire sulphide zone and selected intervals of higher grade. Zinc equivalent grades are given, in addition to grades of individual metals.

Hole No. From
(m) To
(m) Core
Length Cu % Zn % Ag g/t Au g/t Pb % Zneq %

GL18-01 432.70 443.60 10.90 0.73 2.22 12.0 0.307 0.03 4.34
includes 440.70 443.60 2.90 0.69 4.49 22.2 0.217 0.10 6.65
and 432.70 435.70 3.00 1.16 1.48 12.8 0.640 0.01 4.91

GL18-02** 422.95 435.80 12.85 0.42 3.07 22.2 0.588 0.12 5.15
includes 426.00 435.80 9.80 0.50 3.82 27.3 0.713 0.15 6.33
includes 428.50 435.80 7.30 0.56 4.83 26.4 0.446 0.17 7.13
includes 426.00 429.00 3.00 0.33 0.83 40.8 1.648 0.16 4.41
includes 429.50 431.50 2.00 0.92 8.88 44.3 0.382 0.38 12.30
includes 430.40 431.00 0.60 0.28 22.00 74.9 0.314 0.77 24.80

GL18-03 563.10 576.00 12.90 0.13 1.13 3.3 0.044 0.02 1.54
includes 570.70 574.50 3.80 0.20 1.93 4.3 0.083 0.04 2.54
includes 570.20 571.70 1.50 0.11 2.69 3.4 0.040 0.07 3.09
and 573.20 574.50 1.30 0.48 2.92 8.5 0.150 0.05 4.28

** Summary Assay Data for Drill Hole GL18-02 was reported in news release dated May 02, 2018.

Charles Desjardins, President and CEO, noted that, “These drill results confirm the consistent nature of mineralization in the Arrow Zone, and give us more confidence in the existing mineral resource estimate.”

The company is in the process of re-compiling all drill results on the Arrow Zone, incorporating new surveys of drill collar locations and azimuths using differential GPS equipment. The company published a technical report with an effective date of July 24th, 2017 that included an Inferred Mineral Resource of 2,100,000 tonnes with average grades of 0.72% copper, 5.78% zinc, 0.60 g/t gold and 19.5 g/t silver.

Drilling on the Confederation Lake property is expected to resume shortly, with a focus on the Fredart copper-gold zone, which was drilled extensively in the 1965 to 1985 period but has not had a modern mineral resource estimate owing to uncertainty in drill hole locations and the unavailability of core to confirm historical assays.

Technical information in this new release has been prepared and/or reviewed by Colin Bowdidge, Ph.D., P.Geo., a Qualified0 Person as defined in National Instrument 43-101. Assays quoted in this news release were performed by Agat Laboratories in Mississauga, Ontario using ICP methods for zinc, copper, silver and lead, and fire assay/ICP for gold. Agat Laboratories is certified to ISO/IEC 17025:2005. Zinc equivalent grades are derived by the formula:
Zneq% = Zn% + Cu%× 2.07 + Ag g/t × 0.017 + Au g/t × 1.27 + Pb% × 0.73

About Pistol Bay Mining Inc.

Pistol Bay Mining Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on zinc and base metal properties in North America.

Pistol Bay Announces Assays Confirming Garnet Lake (Arrow Zone) Resource

Pistol Bay Mining Inc. (TSX-V - PST; Frankfurt - OQS2, OTC/Pink Sheet symbol SLTFF) (“Pistol Bay” or the “Company’) is pleased to announce that the company has now received all the assays from its first phase of diamond drilling on the Arrow Zone, on its Confederation Lake zinc-copper (-gold and -silver) property southeast of Red Lake, Ontario. Three holes totalling 1,555.5 metres were drilled to provide additional information in areas where previous drill intercepts were sparse, or where there was a degree of uncertainty in the location of drill intercepts.

All three diamond drill holes intersected a sulphide zone with sphalerite, chalcopyrite, pyrite and pyrrhotite. Occasionally, minor amounts of galena were present. The following table presents average grades across the entire sulphide zone and selected intervals of higher grade. Zinc equivalent grades are given, in addition to grades of individual metals.

** Summary Assay Data for Drill Hole GL18-02 was reported in news release dated May 02, 2018.

Charles Desjardins, President and CEO, noted that, “These drill results confirm the consistent nature of mineralization in the Arrow Zone, and give us more confidence in the existing mineral resource estimate.”

The company is in the process of re-compiling all drill results on the Arrow Zone, incorporating new surveys of drill collar locations and azimuths using differential GPS equipment. The company published a technical report with an effective date of July 24th, 2017 that included an Inferred Mineral Resource of 2,100,000 tonnes with average grades of 0.72% copper, 5.78% zinc, 0.60 g/t gold and 19.5 g/t silver.

Drilling on the Confederation Lake property is expected to resume shortly, with a focus on the Fredart copper-gold zone, which was drilled extensively in the 1965 to 1985 period but has not had a modern mineral resource estimate owing to uncertainty in drill hole locations and the unavailability of core to confirm historical assays.

Technical information in this new release has been prepared and/or reviewed by Colin Bowdidge, Ph.D., P.Geo., a Qualified0 Person as defined in National Instrument 43-101. Assays quoted in this news release were performed by Agat Laboratories in Mississauga, Ontario using ICP methods for zinc, copper, silver and lead, and fire assay/ICP for gold. Agat Laboratories is certified to ISO/IEC 17025:2005. Zinc equivalent grades are derived by the formula:
Zneq% = Zn% + Cu%× 2.07 + Ag g/t × 0.017 + Au g/t × 1.27 + Pb% × 0.73
About Pistol Bay Mining Inc.
Pistol Bay Mining Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on zinc and base metal properties in North America.

Pistol Bay, Aurcrest Gold property agreement

The TSX Venture Exchange has accepted for filing documentation related to the Confederation Lake VMS (volcanic massive sulphide) property option agreement dated Oct. 21, 2016, between Pistol Bay Mining Inc. and Aurcrest Gold Inc., whereby the company will acquire all the mining claims held by Aurcrest in the Confederation Lake greenstone belt, southeast of Red Lake in Ontario.

Pistol Bay has the option to acquire a 100-per-cent interest in the Aurcrest properties by paying Aurcrest an aggregate of $250,000 and issuing an aggregate of five million common shares over four years with an initial payment of $25,000 and the issuance of one million common shares on closing, the payment of a further $25,000 within 90 days following closing, and the payment of $50,000 and the issuance of one million common shares on each of the four anniversaries following closing. The transaction is subject to the consent of Glencore PLC and is subject to the rights of Glencore in respect of the Confederation Lake property, including a 2-per-cent net smelter return (NSR) royalty in favour of Glencore.

Further information is available on the company's SEDAR profile in news releases dated Oct. 19, 2016, to Jan. 13, 2017.

Consideration: $250,000 cash and five million shares

Hopefully after consolidation we will get positive news
PISTOL BAY ANNOUNCES EFFECTIVE DATE OF CONSOLIDATION

Pistol Bay Mining Inc. has confirmed the effective date for the consolidation of one postconsolidation share for every two preconsolidation shares (as announced on May 17, 2018).

The name and symbol of the company will remain the same. Effective at the opening on June 1, 2018, the shares of the company will commence trading on the TSX Venture Exchange on a consolidated basis.

Postconsolidation capitalization: Unlimited shares with no par value, of which approximately 24,173,824 shares are issued and outstanding. Transfer agent:Computershare Trust Company of CanadaTrading symbol: PSTCUSIP (committee on uniform security identification procedures): 72433U307 (new)

About Pistol Bay Mining Inc.

Pistol Bay Mining is a diversified junior Canadian mineral exploration company with a focus on zinc and base metal properties in North America.
"

WOW! I should have waited in posting what I did yesterday. I could have included the results of the last core from the ARROW ZONE.

"Pistol Bay Updates 2018 Drilling Program and Announces Financing and Consolidation
Vancouver, B.C. – May 17, 2018: Pistol Bay Mining Inc. (TSX-V - PST; Frankfurt - OQS2, OTC/Pink Sheet symbol SLTFF) (“Pistol Bay” or the “Company’) is pleased to give a further update on it’s 2018 drilling program at Confederation Lake in Ontario.
Drill hole GL18-03 was drilled to test a possible extension of the Arrow Zone down a 45 degree plunge to the southwest. It successfully intersected the main sulphide zone, but approximately 65 metres earlier in the hole than anticipated. The main sulphide zone was 26 metres thick (core length), which included much more interbedded tuff than in other holes. It was preceded by approximately 40 metres of “Upper Chert”, which was in turn preceded by 16 metres of felsic tuff with a few percent of disseminated sulphides.
Most of the intercepts of the Arrow Zone in historical drill holes were in a “valley”, a depression in the upper surface of a thick quartz-feldspar porphyry (QFP) sill, which represents the paleo-seafloor on which the VMS mineralization was deposited. The “valley” has a consistent plunge of about 45° to the southwest, and it was the downward continuation of this plunge that was targeted by GL18-03. Gravitational settling of the “smoke” (clouds of fine sulphide particles) from undersea hydrothermal vents, would naturally explain why the mineralization tends to be in a topographic low.
The intersection in GL18-03 appears not to be in the “valley”, but sits on what was an elevated part of the QFP upper surface. It may be a direct continuation of the main part of the Arrow Zone, or it may be a physically separate sub-zone with its own trend that may differ from the 45° plunge. Alternatively, it may be a faulted-off part of the Arrow Zone. These possibilities may be resolved when surveying of the historical drill collars on the Arrow Zone with differential GPS, now under way, is completed, allowing a more precise reconstruction of the Arrow Zone.
Most commercially exploitable VMS deposits in the Canadian Shield actually comprise multiple zones, which are physically separate from each other, but are close enough to be developed as a single mine. Consequently, the existence of a separate sub-zone of the Arrow Zone, possibly with its own distinct morphology, would not be in any way surprising or unusual.
Assays of cut core from GL18-03 are expected on or about May 25th, 2018.
In 2017, a 43-101 resources estimate was made for the Arrow Zone: an Inferred Mineral Resource of 2,100,000 tonnes averaging 5.78% Zn, 0.72% Cu, 0.60 g/t Au and 19.5 g/t Ag. (8.42 Zn Eq.) By improving the reliability of survey data for historical holes and including new drill holes, the Company hopes to be able to upgrade part or all of the Inferred Mineral Resource into the Indicated category.
Charles Desjardins, President and CEO of Pistol Bay states that “The company is encouraged and excited by this discovery at The Arrow Zone. The consolidation and financing will allow the company to continue drilling and other exploration. We strongly believe in Confederation Lake and these steps are necessary and enhance shareholder value.

Pistol Bay will also like to report that the Company’s Board of Directors has approved, subject to the approval of the TSX Venture Exchange (the “Exchange”), a consolidation of the Company’s common shares on the basis of one (1) post-consolidated share for every two (2) pre-consolidated shares (the “Consolidation”).
Currently, the Company has 48,347,648 common shares issued and outstanding. Following the Consolidation, the Company will have approximately 24,173,824 common shares issued and outstanding. No fractional shares will be issued but will instead be rounded as provided for in section 83(1) of the Business Corporations Act (British Columbia). There will be no name or trading symbol change in conjunction with the Consolidation.
The Company further announces that it has arranged, subject to Exchange approval, a non-brokered private placement of up to 10,000,000 post-Consolidation units (the “Units”) for total proceeds of up to $760,000 (the “Offering”). Up to 4,000,000 units will be issued as non-flow-through units at a price of $0.07 per unit consisting of one common share and one whole warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.12 per share for 18 months from the date of closing. Up to 6,000,000 units will be issued as flow-through units at a price of $0.08 per unit consisting of one common share and one-half of one whole warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.15 per share for 18 months from the date of closing. Finder’s fees, as allowed pursuant to the policies of the TSX Venture Exchange, may be payable in connection with the offering. The proceeds of the Offering will be used for general working capital.
The technical information in this news release was prepared and/or reviewed by Colin Bowdidge, Ph.D., P.Geo., a Qualified Person as defined in National Instrument 43-101.

About Pistol Bay Mining Inc.
Pistol Bay Mining Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on zinc and base metal properties in North America."

I found an interesting PR from a mining company CNX Callinex Announces Results of Initial Preliminary Economic Assessment on May 14.

“The mine plan generates a strong economic return with a pre-tax internal rate of return (“IRR”) of a 34.1% (25.2% post-tax) and a pre-tax Net Present Value (“NPV”) at an 8% discount rate of C$230 million (C$128 million post-tax) based on pre-production capital costs of C$168 million and a zinc price of US$1.25/lb “
They are excited with their results and are confident of justifying a going forward to become a producing and profitable enterprise .Although, they, rightly caution, that at this stage variables must prove the viability.

I would point out that their ore contains zinc, lead and silver at relatively low percentages.
PST’s ore has higher percentage zinc, copper, silver and gold. At current prices a significantly higher priced potential.
As well the reported assays from PST last hole drilled was 8.42% equivalent zinc significantly higher than CNX reported.

“The mined material will be processed at a new 3,950 tonne per day dense media plant and a 1,950 day tonne per day grinding and flotation plant located on the Project site”\
The PST mine ore located in the shield are usually course enough that a simple flotation mill should be sufficient to recover the minerals.

“Callinex proposes open pit mining of their ore.” Hence their lower grade may be acceptable.

PST’s Arrow zone is definitely an underground mining prospect.With initial results from current drilling indicating a major ore body at depth being indicated.
Fredart may be open pit mineable and other zones in PST’s Confederation holdings hopefully will clarify status.

CNX’s IRR and NPR estimates are interesting but I lack the experties to venture a comment
I look forward to further assay results from PST drilling. That is the only true proof of our viability. Do your own DD

THe assays weren't GREAT. But that is the gane. Lets hope next one are better. But even so, they first 3 hit mineralization.

The news release did nothing for the price of this stock PST .What is coming next ?

Pistol Bay Mining Inc. (TSX-V:PST) (Frankfurt:OQS2) (OTC/Pink Sheet:SLTFF) (“Pistol Bay” or the “Company’) is pleased to provide an update with assays on its 3,500-metre diamond drilling program on its Confederation Lake property in northwestern Ontario.

Charles Desjardins, CEO of Pistol Bay Mining Inc. (TSX-V:PST) is pleased to announce that the Company has completed three diamond drill holes totaling 1,525 metres on the Arrow Zone, as the first phase of its 2018 winter-spring drill program on its 100% optioned Confederation Lake property in northwestern Ontario. The property, which now covers approximately 15,000 hectares (37,000 acres) covers numerous zinc-copper (-gold-silver-lead) occurrences, zones and deposits of VMS (volcanogenic massive sulphide) type. Assays have been received for the central part of the mineralized intersection in hole GL18-02, which averaged 3.82% zinc, 0.50% copper, 0.15% lead, 27.3 grams/tonne (g/t) silver and 0.71 g/t gold over a core length of 9.80 metres (estimated true width 6.9 metres).

Drill holes GL18-01 and GL18-02 were drilled into the middle of the Arrow Zone to fill in parts of the zone with additional data points. In combination with pinpointing collars by differential GPS and measuring collar azimuths of historical drill holes, this will make the drill database for the Arrow Zone more complete and more accurate. In 2017, a 43-101 resources estimate was made for the Arrow Zone: an Inferred Mineral Resource of 2,100,000 tonnes averaging 5.78% Zn, 0.72% Cu, 0.60 g/t Au and 19.5 g/t Ag. By improving the reliability of survey data for historical holes and including new drill holes, the Company hopes to be able to upgrade part or all of the Inferred Mineral Resource into the Indicated category.

Drill hole GL18-01 cut a 12 metre section of alternating massive sulphides and disseminated sulphides in heavily altered felsic pyroclastic rocks. It was preceded by 30 metres of mixed chert and felsic tuff with minor amounts of disseminated sulphides. A number of historical drill holes reported gold values in this “Upper Chert” rock unit. GL18-02 gave similar results, with 26.95 metres of “Upper Chert” followed by 12.85 metres of massive and disseminated sulphides. The following table presents averages within the 12.85 metre section for which assays have been received (those samples were assayed on a “rush” basis, while the remaining samples from GL18-02 and all of GL18-01 were not given priority).


SUMMARY ASSAY DATA DDH GL18-02 (Main sulphide zone)
From To Length Cu% Zn% Pb% Ag g/t Au g/t Zneq%
Average 422.95 435.80 12.85 0.42 3.07 0.12 22.2 0.59 5.15
Includes 426.00 435.80 9.80 0.50 3.82 0.15 27.3 0.71 6.33
Includes 428.50 435.80 7.30 0.56 4.83 0.15 26.4 0.45 7.13
Includes 429.50 431.50 2.00 0.92 8.88 0.38 44.3 0.38 12.30
Includes 430.40 431.00 0.60 0.28 22.00 0.77 74.9 0.77 24.80
Includes 426.00 429.00 3.00 0.33 0.83 0.17 40.4 1.65 4.41

The last average quoted is for a 3 metre section of conspicuous gold enrichment towards the top of the main sulphide zone.

Drill hole GL18-03 was drilled to test a possible extension of the Arrow Zone down a 45 degree plunge to the southwest. It intersected the main sulphide zone much earlier than expected, which demonstrated that the zone was apparently displaced about 25 metres to the northwest from where it was expected. The main sulphide zone was 26 metres thick (core length) and included more interbedded tuff than in other holes. It was overlain by approximately 40 metres of “Upper Chert”, which was in turn overlain by 16 metres of felsic tuff with a few percent of disseminated sulphides.

The possibility is being considered that the Arrow Zone is actually two separate zones, arranged en echelon, or that the southwestern part is displaced from the northeastern part by a fault.

The drill will be moving to the Fredart “A” Zone, a copper zone with associated silver values that was drilled at various times between the 1960s and the 1980s. Only the first four holes were assayed for gold. A historical resource estimate made in 1971 for the Fredart “A” zone, based on diamond drilling in the 1960s, was 386,000 tonnes grading 1.56% copper and 33.6 g/t silver, or alternatively 219,500 tonnes at 1.95% copper and 41.8 g/t silver. Neither of these estimates conforms to any class of mineral resource or mineral reserve defined by the 2014 CIM Definition Standards for Mineral Resources and Mineral Reserves. Initially three pairs of drill holes, each at inclinations of 50° and 70° will be drilled through the Fredart zone.

Very promising results of drilling MUST be verified by the assay results to come!!Most appealing is the potential of a significant new ore find at deeper level.


"PISTOL BAY MINING INC. GIVES PRELIMINARY RESULTS FROM CONFEDERATION LAKE DRILLING
Vancouver, B.C. – April 30, 2018: Pistol Bay Mining Inc. (TSX-V - PST; Frankfurt - OQS2, OTC/Pink Sheet symbol SLTFF) (“Pistol Bay” or the “Company’) is pleased to provide preliminary results from it’s 2018 winter-spring Confederation Lake drilling.
Charles Desjardins, CEO of Pistol Bay Mining Inc. is pleased to announce that the Company has completed three diamond drill holes totalling 1,525 metres on the Arrow Zone, as the first phase of its 2018 winter-spring drill program on its 100% optioned Confederation Lake property in northwestern Ontario. The property, which now has an area of approximately 15,000 hectares (37,000 acres) covers numerous zinc-copper (-gold-silver-lead) occurrences, zones and deposits of VMS (volcanogenic massive sulphide) type.
Drill holes GL18-01 and GL18-02 were drilled into the middle of the Arrow Zone to fill in parts of the zone with additional data points. In combination with pinpointing collars by differential GPS and measuring collar azimuths of historical drill holes, this will make the drill database for the Arrow Zone more complete and more accurate. In 2017, a 43-101 resources estimate was made for the Arrow Zone: an Inferred Mineral Resource of 2,100,000 tonnes averaging 5.78% Zn, 0.72% Cu, 0.60 g/t Au and 19.5 g/t Ag (8.36% zinc equivalent or Zneq*). By improving the reliability of survey data for historical holes and including new drill holes, the Company hopes to be able to upgrade part or all of the Inferred Mineral Resource into the Indicated category.
Drill hole GL18-01 cut a 12 metre section of alternating massive sulphides and disseminated sulphides in heavily altered felsic pyroclastic rocks. It was preceded by 30 metres of mixed chert and felsic tuff with minor amounts of disseminated sulphides. A number of historical drill holes reported gold values in this “Upper Chert” rock unit. GL18-02 gave similar results, with 26.95 metres of “Upper Chert” preceding 12.85 metres of massive and disseminated sulphides.

Successful Test of Down Dip Extension
Drill hole GL18-03 was drilled to test a possible extension of the Arrow Zone down a 45 degree plunge to the southwest. It successfully intersected the main sulphide zone, but at a shallower depth than anticipated, which demonstrated that the zone was apparently displaced about 25metres to the northwest from where it was expected. The main sulphide zone was 26 metres thick (core length) and included more interbedded tuff than in other holes. It was preceded by approximately 40 metres of “Upper Chert”, which was in turn overlain by 16 metres of felsic tuff with a few percent of disseminated sulphides. The apparent offset in the main sulphide zone in hole GL18-03, from its expected location raises the possibility that the Arrow Zone may actually be two separate zones, arranged en echelon at different positions in the volcanic sequence. After re-surveying the historical drill holes, it may be possible to assess this hypothesis and judge its potential implications for the size of the mineral resource.
Assays of cut drill core are expected to start being delivered shortly. Turnaround time at the assay laboratory is currently about three weeks.

Drilling to Commence on Fredart Copper Zone
The drill will be moving to the Fredart “A” Zone (also referred to in some historical reports as the Copperlode “A” Zone), a copper zone with associated silver values that was drilled at various times between the 1960s and the 1980s. Only the first four holes were assayed for gold. A historical resource estimate made in 1971 for the Fredart “A” zone, based on diamond drilling in the 1960s, was 386,000 tonnes grading 1.56% copper and 33.6 g/t silver (1.83% copper equivalent or Cueq*), or alternatively 219,500 tonnes at 1.95% copper and 41.8 g/t silver (2.28% Cueq). Neither of these estimates conforms to any class of mineral resource or mineral reserve defined by the 2014 CIM Definition Standards for Mineral Resources and Mineral Reserves. Initially three pairs of drill holes, each at inclinations of 50° and 70° will be drilled through the Fredart zone.
* Note: Zinc equivalent and copper equivalent are calculated using gross metal values averaged over the last year, to convert other metal values to their equivalent grades of zinc or copper. Published metal prices are denominated in US dollars and were converted to Canadian dollars for the calculation at the rate of US$1.00 = C$1.28 to reflect that costs are in Canadian dollars.
The technical information in this news release was prepared and/or reviewed by Colin Bowdidge, Ph.D., P.Geo., a Qualified Person as defined in National Instrument 43-101."

Pistol Bay Provides an Update on 2018 Drilling Program
at Confederation Lake

Vancouver, B.C. – April 11, 2018: Pistol Bay Mining Inc. (TSX-V - PST; Frankfurt - OQS2, OTC/Pink Sheet symbol SLTFF) (“Pistol Bay” or the “Company’) is pleased to provide an update on its 3,500-metre diamond drilling program on its 51,000-acre Confederation Lake property in northwestern Ontario.

Drilling of the first two holes on the Arrow Zone has been completed. Core samples from the first hole have been sent to the lab for assaying. The core from the second hole is currently being logged. Sampling of the second hole will be carried out after the hole has been logged.

The drill is being moved to the site of the third hole and drilling will commence on this hole as soon as the drill is set up.

Following is a selection of drill intersections from previous diamond drill holes on the Arrow Zone by Noranda Exploration in 1997-1998 and Tribute Minerals Inc. in 2004-2007.

DDH-ID From
(m) To
(m) Core
Length True
width Cu% Zn% Ag g/t Au g/t
GL1997-02C 451.80 456.10 4.30 3.51 3.07 27.16 50.4 2.105
GL1997-04 469.00 474.80 5.80 4.25 1.61 9.36 37.0 0.818
GL2004-08 325.00 335.20 10.20 7.13 0.95 8.50 25.3 1.018
GL2006-18 513.50 518.90 5.40 3.84 0.66 18.71 25.6 0.446
GL2006-27 304.90 309.05 4.15 3.20 0.59 10.59 19.6 0.730
GL2006-39 338.83 343.10 4.27 3.00 1.21 18.54 8.2 0.413
GL2007-50 526.50 537.60 11.10 7.99 0.92 2.45 15.1 0.496
GL2007-53 560.35 567.40 7.05 5.39 1.20 4.28 25.4 0.834


Following drilling on the Arrow Zone, the drill will move to the Fredart Zone, which was drilled in the 1960s and contained copper mineralization of VMS type with associated silver values. Only the first four holes were assayed for gold.

The technical information in this news release was prepared and/or reviewed by Colin Bowdidge, Ph.D., P.Geo., a Qualified Person as defined in National Instrument 43-101.

About Pistol Bay Mining Inc.
Pistol Bay Mining Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on zinc and base metal properties in North America. The company has also created a subsidiary for resource driven blockchain applications. For additional information please visit the Company website at www.pistolbaymininginc.com or contact Charles Desjardins at pistolbaymining@gmail.com.

Intriguing play..

Here we go.Let the speculation begin!

"(“Pistol Bay” or the “Company’) is pleased to announce that it has commenced its planned 3,500-metre diamond drilling program on its 51,000-acre Confederation Lake property in northwestern Ontario.

The first three drill holes, of approximately 500 metres each, will test the Arrow Zone, and the core will be used for preliminary metallurgical testing. The Arrow Zone is a volcanogenic massive sulphide (VMS) deposit, which was the subject of a 43-101 report in 2017 that presented an inferred mineral resource of 2,100,000 tonnes grading 5.78% zinc, 0.72% copper, 0.60 grams per tonne (g/t) gold and 19.5 g/t silver. (8.42 Zn.Eq.)

Following is a selection of drill intersections from previous diamond drill holes on the Arrow Zone by Noranda Exploration in 1997-1998 and Tribute Minerals Inc. in 2004-2007.

DDH-ID From
(m) To
(m) Core
Length True
width Cu% Zn% Ag g/t Au g/t
GL1997-02C 451.80 456.10 4.30 3.51 3.07 27.16 50.4 2.105
GL1997-04 469.00 474.80 5.80 4.25 1.61 9.36 37.0 0.818
GL2004-08 325.00 335.20 10.20 7.13 0.95 8.50 25.3 1.018
GL2006-18 513.50 518.90 5.40 3.84 0.66 18.71 25.6 0.446
GL2006-27 304.90 309.05 4.15 3.20 0.59 10.59 19.6 0.730
GL2006-39 338.83 343.10 4.27 3.00 1.21 18.54 8.2 0.413
GL2007-50 526.50 537.60 11.10 7.99 0.92 2.45 15.1 0.496
GL2007-53 560.35 567.40 7.05 5.39 1.20 4.28 25.4 0.834


Following drilling on the Arrow Zone, the drill will move to the Fredart Zone, which was drilled in the 1960s and contained copper mineralization of VMS type with associated silver values. Only the first four holes were assayed for gold.

The technical information in this news release was prepared and/or reviewed by Colin Bowdidge, Ph.D., P.Geo., a Qualified Person as defined in National Instrument 43-101.

About Pistol Bay Mining Inc.
Pistol Bay Mining Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on zinc and base metal properties in North America. The company has also created a subsidiary for resource driven blockchain applications.

LET THE GAME BEGIN !!

Given normal current winter/Spring conditions, if the drillers get on the property quickly they should be able to complete the 3 drill holes on the Arrow Zone before the Spring thaw will halt work for a while.
If 2 crews are used, we may get started on the Fredart zone as well.
In any event, assays MAY be reported in April. Hold for potential good results-finally.

Pistol Bay Mining Inc. (TSX-V - PST; Frankfurt - OQS2, OTC/Pink Sheet symbol SLTFF) (“Pistol Bay” or the “Company’) is pleased to announce that the Company has signed a contract for a minimum of 3,000 metres of diamond drilling on its Confederation Lake property in northwestern Ontario. The property now covers an area of approximately 20,700 hectares or 51,000 acres.

Three drill holes of approximately 500 metres each are planned to further test the Arrow Zone, and to retrieve core for preliminary metallurgical testing. The Arrow Zone was the subject of a 43-101 report in 2017 that presented an inferred mineral resource of 2,100,000 tonnes grading 5.78% zinc, 0.72% copper, 0.60 grams per tonne (g/t) gold and 19.5 g/t silver.

Approximately ten diamond drill holes totaling about 2,000 metres will test the Fredart “A” zone (also referred to as the Copperlode “A” zone). Some of the better drill intercepts from diamond drilling in the 1960s reported by Rexdale Mines Ltd include:

Hole No. From (m) To (m) Core Length Cu % Ag g/t
FA-1965-06 54.25 77.11 22.86 1.03 16.39
Includes 54.25 60.66 6.40 1.44 32.70
and 66.75 77.11 10.36 1.18 15.96
FA-1965-07 21.95 58.52 36.57 0.68 18.16
includes 21.95 24.99 3.05 1.56 55.55
and 52.73 58.52 5.79 3.24 85.46
FA-1966-11 73.43 80.04 6.61 3.37 159.52
FA-1966-15 46.63 64.16 17.53 2.54 45.72
FA-1966-18 31.09 77.30 46.21 1.18 51.11
Includes 34.08 51.51 17.43 1.89 51.11
and 64.22 77.30 13.08 1.47 51.72
FA-1966-31 64.77 69.01 4.24 3.39 101.89


The drill intersections listed above do not include any gold values, because only the first four drill holes in 1965 were assayed for gold; they gave gold values of 0.3 to 0.6 grams per tonne. Gold was not an important commodity in those years. The mineralization in the Fredart Zone appears to be of VMS type. Copper-rich VMS deposits often have accessory gold with occasional higher values. Pistol Bay will assay all mineralized intersections for gold as well as copper and silver.

A historical resource estimate made in 1971 for the Fredart “A” zone, based on diamond drilling in the 1960s, was 386,000 tonnes grading 1.56% copper and 33.6 g/t silver, or alternatively 219,500 tonnes at 1.95% copper and 41.8 g/t silver. Neither of these estimates conforms to any class of mineral resource or mineral reserve defined by the 2014 CIM Definition Standards for Mineral Resources and Mineral Reserves.

The technical information in this news release was prepared and/or reviewed by Colin Bowdidge, Ph.D., P.Geo., a Qualified Person as defined in National Instrument 43-101.

About Pistol Bay Mining Inc.
Pistol Bay Mining Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on zinc and base metal properties in North America. The company has also created a subsidiary for resource driven blockchain applications. For additional information please visit the Company website at www.pistolbaymininginc.com or contact Charles Desjardins at pistolbaymining@gmail.com

Pistol Bay Executes Drilling Contract

Vancouver, B.C. – March 12, 2018: Pistol Bay Mining Inc. (TSX-V - PST; Frankfurt - OQS2, OTC/Pink Sheet symbol SLTFF) (“Pistol Bay” or the “Company’) is pleased to announce that the Company has signed a contract for a minimum of 3,000 metres of diamond drilling on its Confederation Lake property in northwestern Ontario. The property now covers an area of approximately 20,700 hectares or 51,000 acres.

Three drill holes of approximately 500 metres each are planned to further test the Arrow Zone, and to retrieve core for preliminary metallurgical testing. The Arrow Zone was the subject of a 43-101 report in 2017 that presented an inferred mineral resource of 2,100,000 tonnes grading 5.78% zinc, 0.72% copper, 0.60 grams per tonne (g/t) gold and 19.5 g/t silver.

Approximately ten diamond drill holes totaling about 2,000 metres will test the Fredart “A” zone (also referred to as the Copperlode “A” zone). Some of the better drill intercepts from diamond drilling in the 1960s reported by Rexdale Mines Ltd include:

Hole No.
From (m)
To (m)
Core Length
Cu %
Ag g/t
FA-1965-06
54.25
77.11
22.86
1.03
16.39
Includes
54.25
60.66
6.40
1.44
32.70
and
66.75
77.11
10.36
1.18
15.96
FA-1965-07
21.95
58.52
36.57
0.68
18.16
includes
21.95
24.99
3.05
1.56
55.55
and
52.73
58.52
5.79
3.24
85.46
FA-1966-11
73.43
80.04
6.61
3.37
159.52
FA-1966-15
46.63
64.16
17.53
2.54
45.72
FA-1966-18
31.09
77.30
46.21
1.18
51.11
Includes
34.08
51.51
17.43
1.89
51.11
and
64.22
77.30
13.08
1.47
51.72
FA-1966-31
64.77
69.01
4.24
3.39
101.89


The drill intersections listed above do not include any gold values, because only the first four drill holes in 1965 were assayed for gold; they gave gold values of 0.3 to 0.6 grams per tonne. Gold was not an important commodity in those years. The mineralization in the Fredart Zone appears to be of VMS type. Copper-rich VMS deposits often have accessory gold with occasional higher values. Pistol Bay will assay all mineralized intersections for gold as well as copper and silver.

A historical resource estimate made in 1971 for the Fredart “A” zone, based on diamond drilling in the 1960s, was 386,000 tonnes grading 1.56% copper and 33.6 g/t silver, or alternatively 219,500 tonnes at 1.95% copper and 41.8 g/t silver. Neither of these estimates conforms to any class of mineral resource or mineral reserve defined by the 2014 CIM Definition Standards for Mineral Resources and Mineral Reserves.

The technical information in this news release was prepared and/or reviewed by Colin Bowdidge, Ph.D., P.Geo., a Qualified Person as defined in National Instrument 43-101.

About Pistol Bay Mining Inc.
Pistol Bay Mining Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on zinc and base metal properties in North America. The company has also created a subsidiary for resource driven blockchain applications. For additional information please visit the Company website at www.pistolbaymininginc.com or contact Charles Desjardins at pistolbaymining@gmail.com.


On Behalf of the Board of Directors
PISTOL BAY MINING INC.

"Charles Desjardins"
Charles Desjardins,
President and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary note:

This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

Obviously management is preparing for hoped for successful
drilling results on their holdings. Drilling and assay results should begin this month.

"PISTOL BAY ANNOUNCES ENGAGEMENT OF INVESTOR RELATIONS

Pistol Bay Mining Inc. has engaged Terry Bramhall of Clear Cut Communications, based out of Vancouver, B.C., to provide investor relations services to the company.

Clear Cut Communications will assist Pistol Bay in increasing public awareness by managing the company's corporate communications, marketing endeavours, and continuing engagement with shareholders, finance professionals and media contacts.

"I am pleased to be joining and assisting the Pistol Bay team during this pivotal time in the company's development," said Mr. Bramhall.

Clear Cut Communications will be paid $5,000 plus GST (goods and services tax) per month for an initial term of six months with the company having an option to renew for another six months. Clear Cut Communications will also be granted 200,000 stock options of the company, subject to regulatory approval, exercisable at six cents per share. The options will vest at a rate of 25 per cent per quarter from the date of the grant and will be exercisable for a period of five years.

About Pistol Bay Mining Inc.

Pistol Bay Mining is a diversified junior Canadian mineral exploration company with a focus on zinc and base metal properties in North America. The company has also created a subsidiary for resource-driven blockchain applications."