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Pacific Bay Minerals: New Uranium Discovery Made at Regalo Property
May. 03, 2011 08:45AM PST
Company NewsPacific Bay Minerals Ltd. (CVE:PBM) reports that it has discovered a large, mineralized zone with significant uranium values at its Regalo property in Chubut Province, Argentina.
Pacific Bay Minerals Ltd. (TSXV:PBM) reports that it has discovered a large, mineralized zone with significant uranium values at its Regalo property in Chubut Province, Argentina.
The press release is quoted as saying:
Assay results show uranium values ranging between 0.002 and 0.14% U (1,382 ppm or 2.8 pounds per ton) in rock geochemical samples from an area measuring over 1 square kilometre. Within this area widespread scintillometer readings of 1,500 to 2,500 counts per second have been recorded from rocks belonging to the favourable Los Adobes Formation. A full table of assay results is outlined below. A follow-up trenching, mapping and sampling program is planned for May.
Click here to access the entire news release.
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