Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
In the same category
Pacific Bay Trenching Outlines 2,000 Metre Long, 3.5 Metre Thick Uraniferous Sandstone Layer at July Project, Chubut
Published : November 19, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Argentina | Canada | Market | Uranium |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2012) - David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (News - Market indicators) (the "Company") reports strong results from a trenching and sampling program at the July uranium project in Chubut Province, Argentina. Sixty-nine rock samples from 20 hand trenches across the 2,000 metre long zone averaged 180ppm uranium over 3.5 metres thickness. As outlined in the table below, many higher grade values, up to 2,122ppm, were obtained within the 3.5-metre thick sandstone layer. The July Project is a claim block under option from Petrominera, S.A. and within Pacific Bay's 100% owned, 400sq km Regalo Property, located northeast of the government owned Cerro Solo Deposit and adjoining the Bororo Nuevo uranium project recently acquired by Crosshair Minerals. 

The July Project is within the favourable Los Adobes geological formation with uranium mineralization identified to date occurring within the Bardas Coloradas sandstone/conglomerate member. Two sub-parallel, permeable, flat-lying sedimentary horizons that range in thickness from 1 to 5 metres have now been confirmed over a significant area. The uranium enrichment is proximal to an east-west trending fault, with higher uranium values obtained closer to the fault and likely the result of remobilization and re-deposition along the permeable horizons. Company geologists believe that the source of the remobilized uranium is the stratigraphically lower Arroyo Pajaritos member less than 100 metres beneath the surface. The Arroyo Pajaritos hosts of the largest uranium deposits in the region, such as the Cerro Solo deposit.

Drilling is recommended for the next phase of work to test for higher grade uranium in the Arroyo Pajaritos member below the currently outlined mineralization. Also, further exploration is recommended to follow up of structures similar to those on the July project that were found in 2011 on the Company's larger 100% owned Regalo Property.

Table of Trenching Results:

Sample
Number
Trench
Number
Uranium
ppm
Metres
Per Sample
143322 JC6-1 62 1
143323 JC6-2 1100 1
143324 JC6-3 110 1
143325 JC6-4 74 1
Average   336 Total 4
143326 JC7-1 79 1
143327 JC7-2 801 1
143328 JC7-3 99 1
143329 JC7-4 46 1
143330 JC7-5 99 1
143331 JC7-6 111 1
143332 JC7-7 231 1
143333 JC7-8 730 1
143334 JC7-9 296 1
Average   277 Total 9
143345 JC11-1 39 1
143346 JC11-2 2122 1
143347 JC11-3 342 1
143348 JC11-4 247 1
Average   688 Total 4
143349 JC12-1 101 1
143350 JC12-2 316 1
143351 JC12-3 183 1
Average   200 Total 3
143352 JC13-1 73 1
143353 JC13-2 521 1
143354 JC13-3 251 1
143355 JC13-4 135 1
Average   245 Total 4
143356 JC14-1 338 1
143357 JC14-2 268 1
143358 JC14-3 117 1
143359 JC14-4 75 1
143360 JC14-5 76 1
Average   175 Total 5
143361 JC15A-1 116 1
143362 JC15A-2 70 1
Average   93 Total 2
143363 JC16-1 243 1
143364 JC16-2 176 1
143365 JC16-3 863 1
143366 JC16-4 106 1
Average   347 Total 4

The technical disclosures in this news release were reviewed and approved by Dr. Richard Culbert, Ph.D., P.Geo., a Qualified Person, as defined by National Instrument 43-101. Samples collected and referenced in this news release were submitted to and analysed by Alex Stewart Group located in Mendoza, Argentina.

Pacific Bay Minerals Ltd.

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.

Pacific Bay Minerals Ltd.
David H. Brett, MBA, President & CEO
(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
Companies Mentionned : Aura Minerals | East West | Government | Pacific Bay | Total |
Data and Statistics for these countries : Argentina | Canada | All
Gold and Silver Prices for these countries : Argentina | Canada | All

Pacific Bay Minerals LTD.

EXPLORATION STAGE
CODE : PBM.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Pacific Bay is an exploration silver and gold company based in Canada.

Pacific Bay holds various exploration projects in Canada.

Its main exploration properties are TY, MONT-LAURIER, AX SILVER, HASKINS-REED, CRAZE CREEK and OTISH MOUNTAINS URANIUM in Canada and CERRO SOLO CLAIMS and REGALO in Argentina.

Pacific Bay is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.1 millions as of today (US$ 1.7 millions, € 1.5 millions).

Its stock quote reached its lowest recent point on July 12, 2013 at CA$ 0.01, and its highest recent level on October 30, 2015 at CA$ 0.10.

Pacific Bay has 32 610 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Project news of Pacific Bay Minerals LTD.
2/15/2011(Otish Mountains Uranium)Alfred Fault Drilling Underway, Otish Uranium District, Queb...
11/18/2010(Cerro Solo Claims)Regains 100% Control of Key Claims in Active Cerro Solo Uran...
4/18/2006(Ty)acquires Cerro Negro gold-silver property, La Rioja, Argenti...
Corporate news of Pacific Bay Minerals LTD.
11/18/2015Pacific Bay Joint Venture Produces 56.7 Tonnes of Jade Jade ...
11/17/2015Pacific Bay Joint Venture Produces 56.7 Tonnes of Jade
8/24/2015Pacific Bay Closes $500,000 Private Placement BC Jade Mining...
7/16/2015Pacific Bay Signs Jade Mining Agreement – $500,000 Financing...
7/16/2015Pacific Bay Signs Jade Mining Agreement, $500,000 Financing ...
5/22/2015IIROC Trading Resumption - PBM
5/21/2015Pacific Bay Investor Update
5/13/2015Pacific Bay Investor Update Cease Trade Order Revoked
5/11/2015IIROC Trading Halt - CXD; CSN; GDX; HBY; IMI; JMC; LRC; PBM
12/9/2014Pacific Bay Drills 48.60 Metres of 2.31% Zinc Including 7.20...
11/19/2014Pacific Bay Arranges $70,000 Financing
5/21/2014IIROC Trading Resumption - PBM
5/9/2014IIROC Trading Halt - PBM
2/21/2013to Focus on Advanced BC Silver/Base Metals Project; Financin...
11/19/2012Trenching Outlines 2,000 Metre Long, 3.5 Metre Thick Uranife...
10/29/2012Options Bulk Tonnage Gold Target in the Prolific Pataz Gold ...
5/19/2011Strateco Completes Alfred Fault Drilling
5/3/2011(Ty)New Uranium Discovery Made at Regalo Property, Argentina
4/20/2011(Haskins-reed)Data Review Highlights Size Potential of Haskins-Reed Proper...
5/22/2007Multiple Uranium Targets Outlined by Geophysics on Pacific B...
4/24/2007Options Key Claims Near Cerro Solo Uranium Deposit, Patagoni...
3/28/2007Takes Control of Papaskwasati Formation, Otish Mountains, Qu...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (PBM.V)
0.065+8.33%
TSX-V
CA$ 0.065
04/29 09:40 0.010
8.33%
Prev close Open
0.060 0.065
Low High
0.065 0.065
Year l/h YTD var.
0.050 -  0.090 30.00%
52 week l/h 52 week var.
0.030 -  0.100 116.67%
Volume 1 month var.
5,000 8.33%
24hGold TrendPower© : -31
Produces
Develops
Explores for Copper - Gold - Lead - Silver - Uranium - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
DateVariationHighLow
201630.00%0.090.05
201566.67%0.100.02
20140.00%0.100.02
2013-80.00%0.300.01
2012-40.00%0.350.10
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Westhaven VenturesWHN.V
Westhaven To Drill Shovelnose And Prospect Valley Gold Properties In 2016
CA$ 0.14+0.00%Trend Power :
Junex(Ngas)JNX.V
Independent Study: More Oil than Gas on AnticostiImportance: Normal
CA$ 0.44+1.14%Trend Power :
Clean EnergyCLNE
Wins LNG Deal with Hawaii Gas Signs Additional Contracts
US$ 2.84-0.70%Trend Power :
Bonterra Energy TrustBNE-UN.TO
Confirms Cash Dividend
CA$ 26.86-0.07%Trend Power :
West African ResourcesWAF.AX
March 2016 Quarterly Activities Report
AU$ 0.18-2.78%Trend Power :
Austpac Res.APG.AX
Quarterly Report to 31 March 2016
AU$ 0.00-25.00%Trend Power :
Sun Res.(Oil)SUR.AX
Quarterly Cashflow Report
AU$ 0.00+0.00%Trend Power :
Carnegie WaveCWE.AX
Quarterly Report from Carnegie Wave Energy covering al
AU$ 0.04+0.00%Trend Power :
Harvest Natural(Ngas-Oil)HNR
Receives Continued Notice Listing From NYSE
US$ 0.52-8.77%Trend Power :
Matsa(Au-Ngas-Oil)MAT.AX
Matsa Resources Quarterly Report March 2016
AU$ 0.18+2.78%Trend Power :
New Gold(Cu-Le-Zn)NGD
New Gold Announces Results of Vote for Election of Board of Directors
US$ 4.56-2.98%Trend Power :
Titanium Corp(Oil-Ti)TIC.V
Reports Fiscal Year 2016 Second Quarter Results
CA$ 0.35+0.00%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
1st Quarter Report
AU$ 0.13-3.70%Trend Power :
Teck(Ag-Au-Co)TCK
Reports Voting Results From Annual General Meeting
US$ 12.14-0.90%Trend Power :
Norwest EnergyNWE.AX
Quarterly Activities Cashflow Reports
AU$ 0.00+0.00%Trend Power :
Troy Res.(Ag-Au-Cu)TRY.AX
Quarterly Activities Report - March 2016
AU$ 0.62-3.10%Trend Power :
Southern Copper(Cu-Zn-Mo)PCU
Reports 1Q16 results
US$ 29.53-0.47%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
FIRST QUARTER RESULTS
CA$ 4.60-6.69%Trend Power :
Royal Gold(Ag-Au-Cu)RGLD
Royal Gold Announces 21% Increase in Attributable Reserves
US$ 61.58-1.66%Trend Power :
Detour Gold(Au)DGC.TO
Detour Gold Reports First Quarter 2016 Results
CA$ 26.69-0.82%Trend Power :