projects > regalo uranium property
Pacific Bay's 400sq KM, 100% owned Regalo uranium property is located in the Patagonia Region of southern Argentina approximately 35 kilometers north-west of the Cerro Solo uranium deposit grading 0.47%, estimated to hold 15.4 million pounds of uranium.* After initially exploring Regalo for gold from 2003-2005, Pacific Bay discovered an outcrop sample assaying 205 ppm uranium on the Regalo property and initiated further activities for its uranium potential. In 2007, Pacific Bay initiated a 400,000 KM airborne radiometric and magnetic survey at Regalo. Completed in 2008, the survey identified numerous priority uranium targets.
During Q1 of 2011, a Pacific Bay team conducted a helicopter supported follow-up of the uranium anomalies outlined by the airborne survey. This work resulted in the discovery of a new zone currently estimated to cover about one square kilometer. Strong scintillometer readings (1,500-5,000 CPS) were measured across the zone, where assays returned uranium values up to %0.138. The mineralized zone is associated with a regional fault with uranium minerals found in sandstones and conglomerates of the Los Adobes Formation, likely associated with hydrothermal activity in a regional and local fault system.
*This a non-43-101 resource calculation published by CNEA, the owner of the deposit, Argentina's National Atomic Energy Company. The estimate is believed by management to be reliable but should not be relied upon by investors as it does not comply with the standards for disclosure set out in securities regulation.