VANCOUVER, BRITISH COLUMBIA–(Marketwire – Oct. 26, 2011) – David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX VENTURE:PBM) (the “Company”) reports that the Company encountered significant silver and base metal intercepts from its 11 hole, 1,245-metre drill program at its 100% optioned Haskins-Reed property near Cassiar in northern British Columbia, including 14 Metres of 102.59 g/t Silver, 0.52% Copper, 4.96% Zinc, and 0.29% Bismuth in the B-Zone. The Meteor Zone yielded 17.5 metres of 88.35 g/t silver, 3.39% zinc and 1.11% lead. Full results are reported in the table below.
|Hole ID||Zone||FROM||TO||Total m Core||Silver g/t||% Lead||% Zinc||% Copper||% Bismuth|
|Including||193.25||196.05||2.8 m 0.18% molybdenum|
“The Haskins-Reed project continues to demonstrate strong grades over substantial widths,” said Pacific Bay CEO David H. Brett. “Of particular interest is the bismuth content, which trades in the range of $11-13 per pound and is an increasingly important metal for a number of specialized industrial uses.”
The technical disclosures in this news release were reviewed and approved by Doug Blanchflower, P.Geo., a Qualified Person, as defined by National Instrument 43-101.
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.