Pacific Bay Minerals Ltd. (CVE:PBM) reports that partner Strateco Resources Inc. (TSE:RSC) plans to begin their diamond drilling program.
The press releaseis quoted as saying:
A Strateco news release issued today reported the following: “In early October 2010, three holes were drilled to test a north-south striking structure similar to the Matoush fault, located on the Pacific Bay-Matoush property 4.0 km west of the Matoush fault. The holes intersected a Matoush-type fault called the Alfred fault, with identical alterations to the Matoush fault, over a distance of 365 metres. The geophysical anomaly indicates that the Alfred fault extends northward and southward. This was one of the most important discoveries on the Matoush project outside the Matoush fault corridor. The holes, which intersected low uranium grades, demonstrated that other Matoush-type structures (faults) exist elsewhere on the Matoush project.”