projects > cerro solo uranium play
Pacific Bay's Cerro Solo claims lie to the east of the Cerro Solo uranium mine which is the subject of increasing international interest. The Cerro Solo claims include 3 contiguous uranium exploration concessions totalling 300 square kilometres (115 square miles) were acquired based on favourable geology and proximity to the Cerro Solo, Cerro Condor and Los Adobes uranium deposits. In April/May of 2006, Mega Uranium (Argentine assets since sold to U3O8 Corp. ) conducted a reconnaissance RC drilling programme next to Pacific Bay's claims to investigate the projected extension of the mineralized zone eastwards from the Cerro Solo uranium deposit. The programme, comprising 26 widely spaced holes of 42-144 metre depths, included intersections of 2m @ 0.11% U3O8 and 1m @ 0.21% U3O8.
In 2006, Pacific Bay optioned this property to Portal Resources, who completed reconnaissance exploration work, including an Alpha Track radon survey that produced significant anomalies. In spite of encouraging results, Portal changed direction corporately and decided to largely exit Argentina. In 2008, Pacific Bay entered into an option agreement with another exploration company who completed no work and as such the option was terminated. At present, the property remains a key asset in the Cerro Solo Uranium Camp.
Reconnaissance mapping and prospecting carried out by Portal showed that the property is underlain by the La Paloma and Bayo Overo Members of the Cerro Barcino Formation, which overlies the Los Adobes Formation. The prospective Arroyo del Pajarito Formation of the Los Adobes Formation, which hosts the known uranium mineralization, is stratigraphically beneath the Bardas Coloradas Member, which is stratigraphically beneath the Cerro Barcino Formation. It is believed that the western portion of the property is underlain by a paleochannel that trends westward to the Cerro Solo deposit. The depth to the prospective horizon on property is believed to between 100 and 200 meters.