Vancouver, British Columbia, September 25, 2018. David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX Venture: PBM, “Pacific Bay” or the “Company”) reports that a diamond drill program is now underway at the Company’s 100% owned Haskins-Reed polymetalic exploration project near Cassiar in northern BC. Drill contractor DJ Drilling is using a low-impact, highly portable rig to test targets near the Meteor Zone, where 2011 drill hole 11MZ-07 encountered 17.5 metres grading 88.35 g/t silver, 1.11% lead and 3.39% zinc.
The Haskins-Reed Property is a zinc, silver, lead, copper and bismuth prospect with multiple mineralized zones outlined with over 200 drill holes substantial underground development completed over a 50 year period. Since 2008, Pacific Bay has invested over $750,000 on the property, including diamond drilling, airborne geophysics, soil geochemistry and other surveys. 2011 drill hole 11BZ-10 targeting the B-Zone intersected 14m grading 102.59 g/t silver, 0.52% copper, 4.96% zinc, and 0.29% bismuth.
“After a number of years investing in the BC Jade industry, Pacific Bay is happy to be refocusing on its core mineral properties such as the Haskins Read,” said Pacific Bay CEO David Brett. “We look forward to stepping up our exploration efforts.”