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Pistol Bay Plans 2018 Drilling Program in Confederation Lake
Feb. 15, 2018 09:47AM PST
Gold Investing
Pistol Bay Mining (TSX-V:PST) (Frankfurt:OQS2) (“Pistol Bay” or the “Company’) is pleased to announce that it plans to commence a 2018 drilling program on it’s Confederation Lake greenstone belt in the very near future. Three drill holes of at least 500 metres each are planned to further test the Arrow Zone, and to retrieve core for …
Pistol Bay Mining (TSX-V:PST) (Frankfurt:OQS2) (“Pistol Bay” or the “Company’) is pleased to announce that it plans to commence a 2018 drilling program on it’s Confederation Lake greenstone belt in the very near future.
Three drill holes of at least 500 metres each are planned to further test the Arrow Zone, and to retrieve core for preliminary metallurgical testing. The Arrow Zone was the subject of a 43-101 report in 2017 that presented an inferred mineral resource of 2,100,000 tonnes grading 5.78% zinc, 0.72% copper, 0.60 grams per tonne (g/t) gold and 19.5 g/t silver. (8.42% zinc eq.)
Charles Desjardins, President and CEO of Pistol Bay, commented:
“After the company’s very encouraging VTEM plus survey in 2017, we are excited to commence the next stage of development of Confederation Lake volcanic massive sulphide belt.”