VANCOUVER, BRITISH COLUMBIA–(Marketwire – May 19, 2011) – David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX VENTURE:PBM) (the “Company”) reports that the Company has received notice from partner Strateco Resources (TSX:RSC) that Strateco has competed 10 drill holes comprising 5,511 metres of drilling targeting the Alfred Fault, a structure prospective for uranium located on claims owned by Pacific Bay, under option to Strateco (Strateco is earning 60%). No economically significant uranium intercepts were encountered in the holes, which tested approximately 1.7 kilometres of the Alfred Fault strike length. However, the structure displays abundant favourable alteration, and assays from 3 holes competed in 2010 intercepted 0.01% U3O8 over 0.5m (PB-10-01) and 0.01% U3O8 over 2.7m including (PB-10-03). The Alfred Fault area remains an important exploration target for the partners.
“Pacific Bay’s claims in the Matoush region host many areas with strong exploration potential, including the Rabbit Ears zones and the Alfred Fault,” said Pacific Bay CEO David H. Brett. “We look forward to working with our partners to develop next steps for our exploration plan.”
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
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