Pacific Bay Minerals Ltd.
TSX VENTURE : PBM

Pacific Bay Minerals Ltd.

November 08, 2011 09:00 ET

Pacific Bay Trenches 10 Metres of 87.42 g/t Silver, 1.49% Zinc, 2.18% Lead at Haskins-Reed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 8, 2011) - David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX VENTURE:PBM) (the "Company") reports that a 214 metre 2011 trenching program focusing on the Meteor Zone of its 100% owned Haskins-Reed project in northern BC, including 15 excavator trenches, encountered significant silver and base metal values. The Meteor zone has now been traced on strike for over 555 metres. The estimated widths of the zone vary from 4 to 16 metres and it is offset by several faults. The zone is open both along strike to the north and south and down dip. It is centered above a magnetic anomaly interpreted to be an intrusive body, is coincident with a strong VLF-EM anomaly and is along strike from a multi-element geochemical anomaly 2 km to the south east. A table summarizing the significant trenching results is located below.

Trench No. FROM
(m
) TO
(m
) Total Length
(m
) Ag g/t Pb% Zn% Bi % Cu% Au g/t
11TR-14 15.0 20.0 5.0 146.00
11TR-14 15.0 20.7 5.7 1.43
11TR-14 17.5 20.7 3.2 2.06
11TR-16 26.0 32.0 6.0 42.43
11TR-16 26.0 32.0 6.0 0.15
11TR-16 30.0 32.0 2.0 1.60
11TR-17 5.0 15.0 10.0 87.42
11TR-17 5.0 15.0 10.0 2.18
11TR-17 5.0 15.0 10.0 1.49
11TR-17 9.0 15.0 6.0 0.43
11TR-20 6.5 16.5 10.0 57.00
11TR-20 4.5 16.5 12.0 1.35
11TR-20 2.5 18.5 16.0 2.68
11TR-23 2.4 12.4 10.0 4.58
11TR-27 2.0 7.0 5.0 1.10
11TR-27 0.0 7.0 7.0 3.49

"The Haskins-Reed property hosts multiple discrete mineralized zones, such as the Meteor Zone and the B Zone, that all have significant exploration upside," said Pacific Bay CEO David H. Brett. "Management is currently planning its 2012 exploration program."

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. Samples collected from the Haskins-Reed property referenced in this news release were submitted to and analysed by Eco Tech Laboratory Ltd. located in Kamloops, BC.

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)
    www.pacificbayminerals.com