Pacific Bay Minerals Ltd.
TSX VENTURE : PBM

Pacific Bay Minerals Ltd.

September 17, 2008 09:00 ET

Pacific Bay Outlines New Airborne Geophysical Anomalies on Haskins-Reed Basemetal/Molybdenum Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 17, 2008) - Mr. David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX VENTURE:PBM) (the "Company" or "Pacific Bay") reports that a recently completed VLF-EM/Mag Airborne Geophysical survey on its 100% optioned Haskins-Reed property near Cassiar in northern BC (the "Property") has outlined an extensive new magnetic anomaly paralleling historically outlined mineralization.

This and other anomalies outlined by the airborne survey can be viewed on the Company's web site at www.pacificbayminerals.com. Also, a new 43-101 compliant technical report reviewing the Property's history and mineral potential, including its historic drill data and resource calculations, is now available on www.sedar.com, as well as the Company's web site.

Approximately 3.5 KM long, the magnetic anomaly area runs NW by SE, approximately 1 KM northeast of a structural trend, hosting the Joe Reed, Mount Reed, Brett, Dako and Cobra zones, which host polymetalic skarn-type mineralization zones of various types and sizes. The new area of interest hosts the Luna showing, recorded in the Provincial mineral occurrence database, but is otherwise unknown to the Company. The Company plans to immediately investigate this new area of interest on the ground.

"This new discovery at Haskins-Reed provides exciting potential to find additional polymetalic zones," said Company CEO David Brett. "Management believes the favourable location of the Property near a Provincial highway, and its potential to host large polymetalic deposits provides our shareholders with excellent exposure in a favourable mining environment."

All technical information contained in this news release has been reviewed and approved by Ernie Black, P.Eng., a Qualified Person under policy NI43-101.

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 (Canada)
    Toll Free: 1-800-665-5101 (USA)
    (604) 682-7576 (FAX)
    Website: www.pacificbayminerals.com