Pacific Bay Minerals Ltd.
TSX VENTURE : PBM

Pacific Bay Minerals Ltd.

October 26, 2011 09:00 ET

Pacific Bay Drills 14 Metres of 102.59 g/t (3.3 opt) Silver, 0.52% Copper, 4.96% Zinc, 0.29% Bismuth at Haskins-Reed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 26, 2011) - David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX VENTURE:PBM) (the "Company") reports that the Company encountered significant silver and base metal intercepts from its 11 hole, 1,245-metre drill program at its 100% optioned Haskins-Reed property near Cassiar in northern British Columbia, including 14 Metres of 102.59 g/t Silver, 0.52% Copper, 4.96% Zinc, and 0.29% Bismuth in the B-Zone. The Meteor Zone yielded 17.5 metres of 88.35 g/t silver, 3.39% zinc and 1.11% lead. Full results are reported in the table below.

Hole ID Zone FROM TO Total m Core Silver g/t % Lead % Zinc % Copper % Bismuth
11MZ-05 Meteor 23.9 30.6 4.45 6.7
11MZ-07 Meteor 4.85 22.35 17.5 88.35 1.11 3.39 - -
11MZ-08 Meteor 5.1 13.9 8.8 51.05 - 2.51 - -
11BZ-09 B-Zone 196.3 199.4 3.1 90.60 - 7.10 0.49 0.53
11BZ-09 B-Zone 205.7 218.95 13.25 18.52 - - 0.41 -
Including 205.7 209.95 4.25 - - - - 0.22
11BZ-10 B-Zone 182.1 196.05 13.95 102.59 - 4.96 0.52 0.29
Including 193.25 196.05 2.8 m 0.18% molybdenum

"The Haskins-Reed project continues to demonstrate strong grades over substantial widths," said Pacific Bay CEO David H. Brett. "Of particular interest is the bismuth content, which trades in the range of $11-13 per pound and is an increasingly important metal for a number of specialized industrial uses."

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

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

Contact Information

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