Pacific Bay Completes Sphinx Mountain Rare Earth Field Program, Assays Pending
Pacific Bay Completes Sphinx Mountain Rare
Earth Field Program, Assays Pending
Vancouver, British Columbia--(Newsfile Corp. - November 21, 2024) -
Pacific Bay Minerals Ltd
(
TSXV: PBM
) ("
Pacific Bay
" or the "
Company
"), a mineral exploration company, is pleased to
announce the completion of its field program undertaken at its 100% wholly owned, royalty-free Sphinx
Mountain Rare Earth Element project, approximately 45 kilometers North of Dease Lake, British
Columbia.
The project included geological mapping, prospecting, ground-based geophysics, stream-sediment
samples, soil samples and rock samples covering the majority of the project's claim group. Rocks and
Stream sediments have been submitted to the lab along with blanks and certified reference materials
and assays are pending. Soils are awaiting to be analyzed via XRF methods.
A total of 189 soil samples, 25 Stream sediment samples, and 3 rock samples were collected. Stream
and Rock samples are awaiting assay. QA/QC samples including certified reference material, field
duplicates and blanks were inserted into sample intervals. Please see attached map figure for more
information.
The program was intended to follow up on historic stream-sediment results returning values as high as
1.19% TREO*
to give direction to future exploration activities, including airborne geophysics, and
additional geological mapping and prospecting with the intent to define drill targets.
*
TREO is the expressed summation of La2O3 + Ce2O3 + Pr2O3 + Nd2O3 + Sm2O3 + Eu2O3 +
Gd2O3 + Tb2O3 + Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Lu2O3 + Y2O3
Map Figure 1 -
Map showing detailed location of the 2024 field program, including soil and stream
sediment samples along with historical stream sediment results.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3362/230804_78e8ef108469788a_001full.jpg
About Pacific Bay Minerals Ltd.
Pacific Bay currently has a portfolio of properties in British Columbia, including the Haskins Reed, 30km
East of the Cassiar townsite, and the newly added Sphinx Mountain Project. Short term focus will be
spent on exploring these projects and identifying new targets within the highly prospective regions for
both precious and transitional metals.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved
by Mr. David Bridge, P.Geo., a consultant of the Company, who is a "Qualified Person" as defined in NI
43-101
For more Information please contact:
Reagan Glazier, CEO, President and Director
E-mail:
Telephone:+1 403-815-6663
Forward-Looking Statements
This News Release contains forward-looking statements, which relate to future events. In some cases,
you can identify forward-looking statements by terminology such as "will", "may", "should", "expects",
"plans", "intends", or "anticipates" or the negative of these terms or other comparable terminology. All
statements included herein, other than statements of historical fact, are forward looking statements,
including but not limited to the Company's expectations regarding the closing date of the Offering, the
anticipated size of the Offering and other matters. These statements are only predictions and involve
known and unknown risks, uncertainties and other factors that may cause the Company's actual
results, level of activity, performance, or achievements to be materially different from any future
results, levels of activity, performance, or achievements expressed or implied by these forward-
looking-statements. While these forward-looking statements, and any assumptions upon which they
are based, are made in good faith, and reflect the Company's current judgment regarding the
direction of its business, actual results will may vary, sometimes materially, from any estimates,
predictions, projections, assumptions, or other future performance suggestions herein. Except as
required by applicable law, the Company does not intend to update any forward-looking statements to
conform these statements to actual results.
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https://www.newsfilecorp.com/release/230804