Pacific Bay Completes Sphinx Mountain Rare Earth Field Program, Assays Pending
Rhea-AI Summary
Pacific Bay Minerals has completed its field program at the Sphinx Mountain Rare Earth Element project in British Columbia. The program included geological mapping, prospecting, ground-based geophysics, and extensive sampling. A total of 189 soil samples, 25 stream sediment samples, and 3 rock samples were collected, with assays pending. The program aims to follow up on historic stream-sediment results that showed values up to 1.19% TREO (Total Rare Earth Oxides). The company plans to use these results to guide future exploration activities, including airborne geophysics and additional mapping to define drill targets.
Positive
- Company owns 100% of the Sphinx Mountain project with no royalties
- Historic stream-sediment results showed promising 1.19% TREO values
- Comprehensive sampling program completed with 217 total samples collected
Negative
- Assay results still pending, creating uncertainty about current mineral content
- Early-stage exploration with no defined drill targets yet
Vancouver, British Columbia--(Newsfile Corp. - November 21, 2024) - Pacific Bay Minerals Ltd (TSXV: PBM) ("Pacific Bay" or the "Company"), a mineral exploration company, is pleased to announce the completion of its field program undertaken at its
The project included geological mapping, prospecting, ground-based geophysics, stream-sediment samples, soil samples and rock samples covering the majority of the project's claim group. Rocks and Stream sediments have been submitted to the lab along with blanks and certified reference materials and assays are pending. Soils are awaiting to be analyzed via XRF methods.
A total of 189 soil samples, 25 Stream sediment samples, and 3 rock samples were collected. Stream and Rock samples are awaiting assay. QA/QC samples including certified reference material, field duplicates and blanks were inserted into sample intervals. Please see attached map figure for more information.
The program was intended to follow up on historic stream-sediment results returning values as high as
*TREO is the expressed summation of La2O3 + Ce2O3 + Pr2O3 + Nd2O3 + Sm2O3 + Eu2O3 + Gd2O3 + Tb2O3 + Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Lu2O3 + Y2O3
Map Figure 1 - Map showing detailed location of the 2024 field program, including soil and stream sediment samples along with historical stream sediment results.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3362/230804_78e8ef108469788a_001full.jpg
About Pacific Bay Minerals Ltd.
Pacific Bay currently has a portfolio of properties in British Columbia, including the Haskins Reed, 30km East of the Cassiar townsite, and the newly added Sphinx Mountain Project. Short term focus will be spent on exploring these projects and identifying new targets within the highly prospective regions for both precious and transitional metals.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Mr. David Bridge, P.Geo., a consultant of the Company, who is a "Qualified Person" as defined in NI 43-101
For more Information please contact:
Reagan Glazier, CEO, President and Director
E-mail: reagan@pacificbayminerals.com
Telephone:+1 403-815-6663
Forward-Looking Statements
This News Release contains forward-looking statements, which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "will", "may", "should", "expects", "plans", "intends", or "anticipates" or the negative of these terms or other comparable terminology. All statements included herein, other than statements of historical fact, are forward looking statements, including but not limited to the Company's expectations regarding the closing date of the Offering, the anticipated size of the Offering and other matters. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking-statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith, and reflect the Company's current judgment regarding the direction of its business, actual results will may vary, sometimes materially, from any estimates, predictions, projections, assumptions, or other future performance suggestions herein. Except as required by applicable law, the Company does not intend to update any forward-looking statements to conform these statements to actual results.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230804
FAQ
What is the latest exploration update for Pacific Bay Minerals (PBMFF) at Sphinx Mountain?
What were the historical TREO values at Pacific Bay's Sphinx Mountain project?
Where is Pacific Bay Minerals' Sphinx Mountain project located?
