VANCOUVER, BRITISH COLUMBIA–(Marketwire – Oct. 21, 2009) – David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX VENTURE:PBM) (the “Company”) reports that Company has acquired by staking 3 minerals claims in the Liard Mining Division covering the historic Tri gold and polymetalic showing explored by Cominco, Continental Gold and others in 1989-1990. Of interest to Cominco were quartz vein systems and quartz-carbonate vein breccias grading up to 13.2 grams per tonne gold and 435 grams per ton silver. The Tri property has not been explored since 1990 and the Company believes that further exploration is warranted.
The Company retained consulting geologist Steve Noakes, formerly with the Cominco team that staked and explored the Tri Property, to complete a summary report and develop recommendations for further work. A geological mapping and sampling program is planned for 2010 to verify the historic data and in particular look for evidence of intrusive hosted mineralization underlying the quartz vein and hydrothermal breccia zones.
“The Tri property area was subject of a staking rush in 1988 following the release of extremely high regional geochemical results by the Province of BC,” said CEO David Brett. “The high gold and polymetalic anomalies have received only minor exploration work and we are looking forward to taking a closer look during the 2010 exploration season.”
About Pacific Bay Minerals Ltd.: Pacific Bay is a mineral exploration company with a diverse portfolio of properties with an emphasis on mineral discovery worldwide. The Company has extensive land holdings in Quebec’s Otish Mountains Uranium region, uranium and gold prospects in Argentina, advanced base and precious metal prospect in northern British Columbia, claims in the Red Lake Gold Camp of Ontario, and an exploration office seeking uranium opportunities in Namibia, Africa.
The technical information contained in this news release has been reviewed, edited and approved by Ernie Black, P.Eng., a consultant to the Company and a Qualified Person under policy NI43-101.
Pacific Bay Minerals Ltd.
David H. Brett, MBA, President & CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.