Pacific Bay Minerals Ltd.
TSX VENTURE : PBM

Pacific Bay Minerals Ltd.

September 15, 2011 18:53 ET

Pacific Bay Awaits Haskins-Reed Polymetallic Drill Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 15, 2011) - David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX VENTURE:PBM) (the "Company") reports that the Company is awaiting check-assay results for an 11 hole, 1,245-metre drill program completed this summer at the Company's 100% optioned Haskins-Reed polymetallic property in the Cassiar Region of north-central British Columbia. The program targeted Meteor Zone (9 holes) following up on encouraging trenching results, and the advanced stage B-Zone, that has been explored historically by significant drilling and underground workings, and includes historic resources of 1,370,000 tonnes grading 56.9 g/t silver, 0.53% copper, 2.77% zinc, 0.47% lead and 0.24% bismuth.* Significant intercepts of sulphide mineralization were encountered in several holes, requiring that a number of the mineralized intercepts be check-assayed in accordance with industry-standard quality-control/quality-assurance guidelines. This has resulted in an additional delay in finalizing the drilling results for public dissemination which is expected in the coming weeks.

*Management believes these historical resource estimates are useful for the Company's exploration programs, but advises investors that these estimates predate NI 43-101 guidelines. Therefore, these historical estimates should not be relied on by investors. A full discussion of historic exploration of the B Zone and several other mineralized zones on the Haskins-Reed property is available in an amended 43-101 report filed on www.sedar.com.

The technical disclosures in this news release were reviewed and approved by Doug Blanchflower, P.Geo. a Qualified Person, as defined by National Instrument 43-101.

Pacific Bay Minerals Ltd.

David H. Brett, MBA, President & CEO

Contact Information

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