Pacific Bay Commences Argentina Uranium Exploration Program

Pacific Bay Minerals Ltd. (TSXV:PBM) reports that it has began an exploration program on its Regalo and Cerro Solo uranium properties, Chubut province, Argentina.

The press release is quoted as saying:

The two properties comprise 682 square kilometers of mineral claims near the Argentine government-owned Cerro Solo uranium deposit which hosts 15.4 million lb. of uranium at an average grade of 0.47% U3O8.

Pacific Bay’s President and CEO, David H. Brett says:

“We are looking forward to this phase of exploration in Chubut, where several companies are active.” “With Argentina seeking a better domestic supply of uranium for its expanding nuclear program, Chubut’s San Jorge basin has become a key area for uranium exploration and resource development.”

Click here to access the entire news release.

Click here to access Pacific Bay’s company profile.