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Pacific Bay Minerals Ltd.: Strateco Completes Alfred Fault Drilling
May. 19, 2011 08:53AM PST
Company NewsPacific Bay Minerals Ltd. (CVE:PBM) reports a notice received from its partner, Strateco Resources (TSE:RSC) for the completion of 10 drill holes comprising 5,511 metres of drilling targeting the Alfred fault.
Pacific Bay Minerals Ltd. (TSXV:PBM) reports a notice received from its partner, Strateco Resources (TSX:RSC) for the completion of 10 drill holes comprising 5,511 metres of drilling targeting the Alfred fault.
The press release is quoted as saying:
No economically significant uranium intercepts were encountered in the holes, which tested approximately 1.7 kilometres of the Alfred Fault strike length. However, the structure displays abundant favourable alteration, and assays from 3 holes competed in 2010 intercepted 0.01% U3O8 over 0.5m (PB-10-01) and 0.01% U3O8 over 2.7m including (PB-10-03). The Alfred Fault area remains an important exploration target for the partners.
Pacific Bay’s President and CEO, David H. Brett says:
“Pacific Bay’s claims in the Matoush region host many areas with strong exploration potential, including the Rabbit Ears zones and the Alfred Fault.” “We look forward to working with our partners to develop next steps for our exploration plan.”
Click here to access the entire news release.