Pacific Bay Gains 100% of Regalo Uranium Property

Pacific Bay Minerals reports  gaining 100% interest in the Regalo uranium property, Argentina which is highly prospective for uranium and gold mineralization. 

Located within the San Jorge Basin, the Regalo Property hosts rocks of the Arroyo del Pajarito member of the Los Adobes formation which contains the most significant uranium deposits in the region. In 2005, the Company sampled 205 PPM Uranium in a siltstone layer at the “Arroyo Pajaritos” showing on the Property, which displays characteristics of a roll-front type uranium deposit. Beyond initial prospecting, this showing is unexplored. The four priority uranium targets identified in the 2008 airborne survey are in addition to the above showing and several other previously mapped uranium occurrences on the Regalo Property.

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

“The strong uranium potential of Regalo has remained largely unexplored as previous optionees were focused exclusively on the Property’s gold potential.”  “We are happy to now have the opportunity to leverage this strategic asset of the Company in an important uranium district in Argentina.”

For complete press release, click here.

For Pacific Bay’s company profile, click here.