Pistol Bay Receives Assessment Report on Summit A and Summit D Properties
2014年2月5日 - 10:30PM
Marketwired
Pistol Bay Receives Assessment Report on Summit A and Summit D
Properties
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 5, 2014) -
Pistol Bay Mining Inc. (TSX-VENTURE:PST) ("the Company") is pleased
to announce that it has received the final Assessment Report and
accompanying assay results from the field program conducted on its
100% owned Summit A and Summit D properties adjoining the boundary
of Imperial Metals Red Chris Copper-Gold project, located 80km
south of the town of Dease Lake in the Iskut area of northern
British Columbia.
In July 2013 UTM Exploration Services Ltd. (UTM) of Smithers,
British Columbia mobilized a crew to conduct field mapping and
sampling on areas of the Summit A & D claims (approximately
7,106 hectares) which were not previously explored in 2010. In 2010
work done on the property included a soil geochemical survey and
minor geological mapping and stream silt sampling, resulting in 102
soil samples and 7 silt samples. Two anomalous gold values were
found. Work was concentrated around the northern third of the
property, and the southern quarter. Work resulted in a few
anomalous soil samples suggesting potential in the southwest and
north.
The purpose of the July 2013 work program was to follow up on
the success of the 2010 field program and identify possible new
trends, as well as to discover new areas of interest and
mineralization. More exploratory work was to focus on the Summit D
area in the north of the claim group where copper mineralization
has been exposed and discovered in recent years, both on
neighbouring claims of other Minfile and tenure holders as well as
the success of 2010 rock sampling.
During the 2013 field program, 51 rock samples were taken over
the Summit properties. All but 7 samples were taken from outcrop.
The property was traversed following a similar path taken during
the 2010 exploration field program with focus on following up on
the areas where assay values were elevated. In the process of this
follow up work, numerous new locations were discovered that yielded
visual mineralization and oxidation that warranted sampling.
As the sampling progressed and more and more areas were
exhibiting significant malachite staining and sulphide
mineralization, the sampling traverses were then focused on
following any and all apparent trends of this newly found
mineralization. An apparent trend of copper mineralization, all
within similar calc-alkaline rocks, extends an assumed 1200m from
the 2010 rock sample that assayed 0.85% Cu to the 2013 sample
#54872 that assayed 0.84% Cu.
Additional favourably mineralized and altered float boulders,
2km north of this trend, yielded 2 samples of 1.00% Cu and 0.71% Cu
respectively. The source outcrop of these samples remains
unknown.
In addition, a single rock sample taken in strongly veined
andesitic rocks along the claims on the eastern side of the Klappan
River produced a sample boasting 8.78 g/t Au.
The 2013 field program yielded a significant upside to the
property in that there is what appears to be a new discovery on the
Summit D portion of the claim group and the new corridor of
mineralization is open in all directions. To date, the property has
seen minimal exploration activity; however, given the amount of
excitement generated in the area in the past year, coupled with the
geological upside of the location of the mineralization, further
work is warranted on the property to better determine the extent of
this new discovery.
Favourable assay results from the 2013 sampling program and
within the new discovery trend are shown below:
Significant Assay Results from 2013 Sampling
Program |
Sample ID |
Ag (ppm) |
As (ppm) |
Cu (ppm) |
Au (ppm) |
54855 |
0.26 |
65 |
256 |
0.12 |
54856 |
0.69 |
>10000 |
242 |
8.78 |
54861 |
0.15 |
2.5 |
2900 |
0.006 |
54863 |
0.18 |
1.9 |
9080 |
0.015 |
54865 |
0.34 |
7 |
3420 |
0.004 |
54866 |
0.04 |
3.4 |
2150 |
0.007 |
54867 |
0.14 |
2.5 |
3350 |
0.018 |
54868 |
7.37 |
138 |
2700 |
0.007 |
54872 |
1.04 |
3.8 |
8430 |
0.005 |
54873 |
0.29 |
2.1 |
4480 |
0.003 |
54874 |
0.54 |
3.1 |
5440 |
0.005 |
54875 |
0.38 |
2.5 |
4070 |
0.003 |
54876 |
0.92 |
2 |
1870 |
0.005 |
54888 |
0.55 |
560 |
18.9 |
0.152 |
54889 |
0.81 |
14.7 |
9950 |
0.025 |
54890 |
0.47 |
6.3 |
7100 |
0.014 |
(To view rock sample photos visit the Company's website at
www.pistolbaymining.com.)
Technical information in this news release has been prepared
and/or revised by Mike Magrum, P.Eng., and qualified person as
defined in NI 43-101.
About Pistol Bay Mining Inc. (TSX-VENTURE:PST)
Pistol Bay Mining Inc. is a diversified Junior Canadian Mineral
Exploration Company with a focus on graphite, precious and base
metal properties in North America.
On Behalf of the Board of Directors
PISTOL BAY MINING INC.
Charles Desjardins, President and Director
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.
Cautionary note:
This report contains forward-looking statements. Resource
estimates, unless specifically noted, are considered speculative.
Any and all other resource or reserve estimates are historical in
nature, and should not be relied upon. By their nature,
forward-looking statements involve risk and uncertainties because
they relate to events and depend on factors that will or may occur
in the future. Actual results may vary depending upon exploration
activities, industry production, commodity demand and pricing,
currency exchange rates, and, but not limited to, general economic
factors. Cautionary Note to US investors: The U.S. Securities and
Exchange Commission specifically prohibits the use of certain
terms, such as "reserves" unless such figures are based upon actual
production or formation tests and can be shown to be economically
and legally producible under existing economic and operating
conditions.
Pistol Bay Mining Inc.Charles DesjardinsPresident and
Director604-683-5445604-687-9631info@pistolbaymining.comwww.pistolbaymining.com
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