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Silver Found on Nugget Mtn. Gold Property
Vancouver, British Columbia, October 9, 2002. Guilford H. Brett President of Consolidated Pacific Bay Minerals Ltd. (the Company) reports high-grade silver assays on the Nugget Mountain property located in the Caraboo gold district. Previous exploration on the Nugget Mountain Property has historically been restricted to gold potential. (See new release August 26, 2002) Based on the following encouraging assay results, the Company will now expand its exploration to include assessment to the propertys potential for high-grade silver mineralization.
Surface sampling recently completed on the #2 silver vein has returned significant silver, and base metal values. A chip sample taken over 8 feet of the exposed vein assayed 30.213 oz silver/ton, 1.26% copper, 2.43% lead and 1.98% zinc. The vein has competent walls and crosses the apparent bedding at right angles. The Company plans to develop this structure on strike by trenching and by diamond drilling. Several other soil anomalies are currently being examined.
On Behalf Of The Board Of Directors
Guilford H. Brett
President
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