Strateco Finds New Drill Targets on Pacific Bay’s Otish Uranium Property

Pacific Bay Minerals (TSXV:PBM, ETR:OUB, FRA:OUB)  reports that Strateco Resources has found 13 new uranium drill targets recently on its claims under option to Strateco in the Otish Mountains uranium district, Quebec.

The top priority target is located to the west of the Matoush Uranium Deposit, where no drilling has occurred to date, and is slated for drilling during the summer of 2010.

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

“The discovery of this new drill target is particularly encouraging as it is on a part of the property that has received less attention to date.”  “Like the Rabbit-Ears area to the east, the new area has the potential to host parallel Matoush-style uranium structures.”

For complete news release, click here.

For Pacific Bay’s company profile and projects, click here.