Pacific Bay Weaver Lake Rock Sample Returns 0.78 Ounces per Ton Gold
The highest-grade grab sample came from approximately 130 metres east of the interpreted main vein system targeted by historical work.
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Rhea-AI Summary
Pacific Bay Minerals (PBMFF) reported a Weaver Lake quartz-vein grab sample returning 26.7 parts per million gold from its exploration program.
Sample 82133 also returned 1,350 parts per million silver and was collected approximately 130 metres east of the interpreted main vein system targeted by past drilling and underground workings. The program included 76 rock samples, approximately 247 soil samples and nine stream-sediment samples. Additional samples returned gold, silver and associated metal anomalies. Soil gold values were lower than some 1990s results.
Pacific Bay expects a second exploration phase, including geophysical surveys. New results will be integrated with historical work to prioritize targets. Aurwest Resources can earn 50% of the property over 3 years under an option. Rock samples are selective and may not represent average grades; soil and stream-sediment results are preliminary exploration measurements.
Positive
- Minor pointGrab sample 82133 returned 26.7 ppm gold and 1,350 ppm silver, approximately 130 metres east of the interpreted main vein system.
- Minor pointAdditional rock samples returned mineralization, including 0.45 ppm gold in 82119 and 135 ppm silver in 82138.
- Minor pointSoil samples identified gold anomalies of 0.36 ppm in 2376357 and 0.23 ppm in 2376191.
- Minor pointStream-sediment sample 2376442 returned 6.1 ppm silver and 40 ppb gold, supporting exploration targeting.
- Minor point. Forward-looking: it has not happened yet and may not happen.Pacific Bay expects a second exploration phase, including geophysical surveys.
- Minor point. Forward-looking: it has not happened yet and may not happen.New multi-element results will be integrated with historical work to prioritize follow-up targets.
Negative
- Minor point2026 soil gold values were lower than some 1990s results, which reached multi-gram-per-tonne levels.
- Minor pointRock samples are selective and may not represent average grades; soil and stream-sediment values are reconnaissance measurements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - October 6, 2026) - Pacific Bay Minerals Ltd. (TSXV: PBM) ("Pacific Bay" or the "Company") reports that the Company has received assay results from a program of exploration carried out atit's Weaver Lake Gold Property in southwestern BC, including a grab sample of a quartz vein that returned 26.7 parts per million (ppm) gold (0.78 opt Au) and 1,350 ppm Silver (39.4 opt Ag). The sample was taken approximately 130 metres east from the interpreted main vein system that was the target of past drilling and underground workings. Many other rock, soil and silt samples from an exploration program yielded anomalous values that are still being evaluated. The Weaver Lake Gold Property is under option to Aurwest Resources Corp. (CSE: AWR), who can earn
"The impressive early results from our modest program at Weaver are very encouraging," said Pacific Bay President & CEO David H. Brett. "We are now confident that a second phase of exploration will go ahead, including geophysical surveys."
Rock sampling (76 samples) returned high-grade precious-metal mineralization consistent with historically documented quartz-carbonate ± sulphide veins. The highest grade result was sample 82133, which assayed 26.7 ppm gold and 1,350 ppm silver together with 955 ppm lead and 604 ppm zinc. Additional mineralized samples include 82138 (0.29 ppm Au, 135 ppm Ag), 82119 (0.45 ppm Au, 18.15 ppm Ag), 82734 (0.32 ppm Au, 37.9 ppm Ag and 10.35 ppm Sb), 82737 (0.32 ppm Au, 80.3 ppm Ag, 711 ppm Pb, 1,080 ppm Zn) and 82124 (0.31 ppm Au, 19.65 ppm Ag). These high grade samples are mostly associated with comb and void-fill textured quartz veins up to 1 m thick (generally 2 - 10 cm thick) with trace to
Rock sampling (76 samples) returned high-grade precious-metal mineralization consistent with historically documented quartz-carbonate ± sulphide veins. The highest grade result was sample 82133, which assayed 26.7 ppm gold and 1,350 ppm silver together with 955 ppm lead and 604 ppm zinc. Additional mineralized samples include 82138 (0.29 ppm Au, 135 ppm Ag), 82119 (0.45 ppm Au, 18.15 ppm Ag), 82734 (0.32 ppm Au, 37.9 ppm Ag and 10.35 ppm Sb), 82737 (0.32 ppm Au, 80.3 ppm Ag, 711 ppm Pb, 1,080 ppm Zn) and 82124 (0.31 ppm Au, 19.65 ppm Ag). These high grade samples are mostly associated with comb and void-fill textured quartz veins up to 1 m thick (generally 2 - 10 cm thick) with trace to
Figure 1
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Soil sampling (approximately 247 samples) was designed to confirm and expand 1990s gold-in-soil anomalies using a modern multi-element digest and analysis (Aqua regia digestion on a 0.5g sample with ICP-AES analyses).
The top two gold anomalies are sample 2376357 (0.36 ppm Au, 7.28 ppm Ag, 145.5 ppm Pb, 29.8 ppm As) and sample 2376191 (0.23 ppm Au, 25.20 ppm Ag, 186.5 ppm Pb). Although absolute gold values are lower than some 1990s results (which reached multi-gram-per-tonne levels in a handful of samples analyzed for gold only), the 2026 data provide a consistent, georeferenced multi-element dataset to use for further targeting and understanding of the mineralized zone.
Nine stream-sediment (silt) samples collected from the principal drainages returned supporting anomalies. Sample 2376442 assayed 6.1 ppm Ag, 77.1 ppm Pb, 306 ppm Zn and 40 ppb Au; sample 2376447 defined a second pathfinder-rich catchment with 3.4 ppm Ag, 70.5 ppm Pb, 276 ppm Zn, 3.5 ppm Sb and elevated arsenic. These results align with regional British Columbia Geological Survey drainage anomalies and help vector toward source areas on the property.
Taken together, the 2026 rock, soil and silt results show that high-grade gold-silver mineralization remains present at surface, and occurs in a geological setting most consistent with an intermediate-sulfidation epithermal system. The new multi-element coverage will be integrated with historic drilling, underground workings and mapping to prioritize follow-up targets for the next phase of work. All samples were analyzed by ALS and quality-control procedures (blanks, standards and duplicates) were inserted in the sample sequence. Readers are cautioned that rock samples are selective and may not represent average grades, and that soil and silt values are reconnaissance in nature.
"With these encouraging Phase 1 results, we're looking forward to advancing our Weaver Lake exploration program to Phase 2, which contemplate expanded work, including geophysics," said Aurwest CEO Cameron MacDonald. "Weaver's location in southwestern BC is favorable for year-round exploration."
The technical disclosures in this news release were reviewed and approved by independent geological consultant David Bridge, P.Geo., a Qualified Person, as defined by National Instrument 43-101. David Bridge is not an officer, director or employee of the Company.
About Pacific Bay Minerals
Pacific Bay's
David H. Brett, MBA
President & CEO
Telephone: (604) 682-2421
Email: dbrett@pacificbayminerals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/317603
FAQ
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What were Pacific Bay Minerals' highest Weaver Lake gold and silver sample results?
Grab sample 82133 returned 26.7 ppm gold and 1,350 ppm silver, also reported as 0.78 ounces per ton gold and 39.4 ounces per ton silver. It was collected approximately 130 metres east of the interpreted main vein system. Selective rock samples may not represent average grades.
What exploration work does Pacific Bay Minerals expect next at Weaver Lake?
Pacific Bay expects a second phase of exploration, including geophysical surveys. The new rock, soil and stream-sediment results will be integrated with historical drilling, underground workings and mapping to prioritize follow-up targets.
What other mineralized rock samples did Pacific Bay Minerals report at Weaver Lake?
Other rock samples included 82138 with 0.29 ppm gold and 135 ppm silver, and 82119 with 0.45 ppm gold and 18.15 ppm silver. Sample 82734 returned 0.32 ppm gold and 37.9 ppm silver; 82737 returned 0.32 ppm gold and 80.3 ppm silver; 82124 returned 0.31 ppm gold and 19.65 ppm silver.