Pacific Bay Drills 5.2 Metres Grading 6.20% Zinc, 35.83 gpt Silver, 0.68% Lead, & 0.23% Copper at Haskins-Reed
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Pacific Bay Drills 5.2 Metres Grading 6.20% Zinc, 35.83 gpt
Silver, 0.68% Lead, & 0.23% Copper at Haskins-Reed
For Immediate Release. Vancouver, British Columbia, January 25, 2019. David
H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX Venture: PBM,
“Pacific Bay” or the “Company”) reports assay results from a 7 hole, 448.2 metre
diamond drill program completed at the Company’s 100% owned Haskins-Reed
polymetalic exploration project near Cassiar in northern BC.
DJ Drilling of Surrey BC, used a low-impact, man-portable diamond drill 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 2018 program
successfully extended the Meteor-Boot Zone by roughly 20 metres to the
southeast. Shallow BQ diameter drilling intersected 5.2 metres grading 6.20%
zinc, 35.83 gpt silver, 0.68% lead, and 0.23% copper. All reported grades are
core lengths only, as the true width of the zone has not yet been determined. A
full table of the results is inserted below. One of the intercepts indicated relatively
high levels of Bizmuth, so a column in the table is included for that element as
well.
Drill Hole From To Interval Ag (gpt) Pb (%) Zn (%) Cu (%) Bi (%)
18MZ-01 32.30 33.50 1.20 40.10 0.459 1.795 0.038 0.022
18MZ-02 37.25 39.80 2.55 11.57 0.117 2.944 0.027 0.005
18MZ-03 6.50 11.70 5.20 35.83 0.683 6.204 0.206 0.011
18MZ-04 13.30 13.90 0.60 32.30 0.093 8.550 0.147 0.236
18MZ-04 19.80 23.20 3.40 45.91 2.690 2.195 0.113 0.007
18MZ-06 14.10 16.30 2.20 148.36 4.789 6.752 0.352 0.033
18MZ-06 22.90 24.20 1.30 76.40 1.495 2.140 0.123 0.017
18MZ-07 11.80 17.90 6.10 56.54 1.896 2.637 0.159 0.019
18MZ-07 21.80 22.60 0.80 157.00 1.190 4.320 0.725 0.040
The mineralization was encountered in massive to semi-massive sulphide limy
skarns with few calc silicate altered skarns hosting some lesser amounts of
Pacific Bay Minerals Ltd.
120 – 601 W. Cordova Street
Vancouver, BC, V6B 1G1
Phone: 604-682-2421
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mineralization. The highest grade mineralization is hosted in magnetite-
sphalerite limy skarns with pyrite, pyrrhotite, chalcopyrite, and minor galena.
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. 2 011 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.
Quality Control and Quality Assurance
Assay methods used in the assay of the 33 samples and 8 standard and blanks
assays by ALS Canada Ltd in North Vancouver, British Columbia is as follows:
The core samples were crushed so that 70% passed < 2mm and then pulverized
so that 85% < 75 micron and then the pulp was digested in four acid solution and
33 elements were analyzed by ICP-AES. Ore grade Ag, Pb and Zn were
analyzed by ICP-AES as well and gold was analyzed by Fire Assay of 30 grams
of pulp and atomic absorption finish. Assays of the internal standards and blanks
inserted in the batch of drill core samples showed that the assays were
consistently slightly high with precision. Assays of the blanks were not consistent
possibly due to the nugget effect in the sample blanks.
The technical disclosures in this news release were reviewed and approved by
David Bridge, P.Geo., a Qualified Person, as defined by National Instrument 43-
101.
Pacific Bay Minerals Ltd.
Per/
David H. Brett, MBA
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.