Pacific Bay Regains 100% Control of Key Claims in Active Cerro Solo Uranium Camp

Pacific Bay Minerals Ltd. (TSXV:PBM) reports it has 100% control of its claims in Cerro Solo uranium camp, Argentina.

The press release is quoted as saying:

The Cerro Solo uranium camp has been actively explored recently by several major, junior and state mining companies. In 2009 Argentina’s National Commission of Atomic Energy (CNEA) undertook an aggressive drilling campaign designed to define the Cerro Solo resource prior to feasibility and environmental studies that are now underway. Press reports indicate an additional 10,000-metre program is now underway and that CNEA intends to have its feasibility and environmental studies completed prior to 2012. With Argentina’s new Attucha II nuclear power plant proceeding, the government has made it a priority to secure a reliable domestic supply of uranium. 

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

“Pacific Bay is now better positioned in a uranium camp that is becoming a lot more active.”  “Pacific Bay believes this area of Chubut Province, Argentina, is one of the better places in the world to be exploring for Uranium right now.”

Click here to access the entire news release.

Click here to access Pacific Bay’s company profile.