Consolidated Pacific Bay Minerals Ltd.
TSX VENTURE : CBP

Consolidated Pacific Bay Minerals Ltd.

August 17, 2006 09:00 ET

Pacific Bay Airborne Geophysical Survey Begins in Otish Mountains, New Matoush Claims Granted

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 17, 2006) - Mr. George Sanders, President, Consolidated Pacific Bay Minerals Ltd. (TSX VENTURE:CBP) (the "Company"), is pleased to announce that a helicopter-borne geophysical survey has begun over PacBay's ground in Quebec's Otish Mountains, and the final 12 claims of a 67 claim agreement with a private individual (announced on July 18, 2006) have been granted in the area of the Matoush high-grade uranium structure. PacBay now holds 100% interest in 132 claims in the Otish Mountains Basin representing an area of over 70 square kilometres (27 square miles).

PacBay's portion of the helicopter survey being flown by Aeroquest International will cover over 1,600 line-kilometres at 100 meter spacing, and will provide detailed data from radiometrics, magnetics and the IMPULSE® EM (electro-magnetic) system. PacBay is sharing survey costs with fellow uranium explorers Strateco Resources, Inc. who have announced high-grade uranium mineralized intercepts in drill holes along the Matoush structure 4 Kms to the south of PacBay's claims. PacBay acknowledges the cooperation of Strateco that was key to making this survey possible over our adjoining claim blocks.

George Sanders, P.Geo, President, and a Qualified Person under National Instrument 43-101 for the purposes of this News Release, states, "The Matoush structure was discovered by Uranerz in the 1980's by tracing radioactive boulder trains on the ground in exposure-poor terrain. PacBay's low altitude helicopter survey, applying state of the art technology, is designed to detect and define ore-hosting structures and dispersed radioactive surface material leading to the source of the mineralization. Precise GPS control will enable ground crews to readily locate the indicated anomalies. Conceptually, our anticipated targets are unconformity related, Athabasca style, high-grade uranium deposits."

Pacific Bay Minerals explores for uranium and precious metals, with major projects in Quebec and Argentina. A new map has been posted to our website showing PacBay's claims in relationship to claim blocks held by uranium explorers Cameco Corporation, Strateco Resources, Inc. and others covering unconformity-related, vein-type uranium targets in the Matoush structure and along the SW rim of the Otish Basin. Please visit our website at www.pacificbayminerals.com for more information on all our programs.

ON BEHALF OF THE BOARD OF DIRECTORS

George Sanders


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Consolidated Pacific Bay Minerals Ltd.
    Investor Relations
    (604) 682-2421 or Toll Free: 1-800-670-6570 (Canada)
    Toll Free: 1-800-665-5101 (USA)
    (604) 682-7576 (FAX)
    www.pacificbayminerals.com