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Pacific Bay Magnetic Interpretation Identifies New Drill Targets at Wheaton Creek Gold Property
Vancouver, British Columbia--(Newsfile Corp. - October 20, 2021) - David H. Brett, President a...
About this update from Pacific Bay Minerals Ltd.
[{"type":"text","content":"Pacific Bay Magnetic Interpretation Identifies New Drill Targets at Wheaton Creek Gold PropertyVancouver, British Columbia--(Newsfile Corp. - October 20, 2021) - David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSXV: PBM) (\"Pacific Bay\" or the \"Company\") is pleased to announce that the Company has identified new drill targets and refined its drill program through analysis and interpretation of the airborne magnetic, VLF, and radiometric surveys carried out by Precision GeoSurveys Inc. (Precision) over the Wheaton Creek Gold Property in Northern British Columbia.The objective of the analysis was to produce a 3D susceptibility model and identify geophysical areas of interest (GAI) with potential for gold mineralization. This process has identified several targets that are suitable for drilling. With reference to the map below, Pacific Bay is considering the following GAI as priority targets: GAI-10, GAI-9, GAI-11, GAI-7, and GAI-6.Figure 01: Wheaton Creek Gold, Vertical Gradient with Geophysical Areas of Interest.To view an enhanced version of Figure 01, please visit:https://orders.newsfilecorp.com/files/3362/100223_e7e7f629e431faf1_002full.jpgOver GAI-10 a number of factors that point to the increased probability of gold mineralization exist in conjunction, making this the highest priority area for future exploration. Additionally, GAI-10 represents the area within which the 1986 drillhole is found. This is an encouraging finding as DDH 86-1 intercepted 5.38 grams per tonne of gold over 3.05 metres with visible gold observed and suggests this area may produce further positive drill results.Pacific Bay's VP of Exploration, Sebastien Ah Fat, explains, \"Our initial strategy to twin the 1986 drillhole is strongly supported by the interpretation of the magnetic data. The radiometric anomaly in conjunction with the coincident high Potassium/Thorium ratio, the east-west magnetic lineation, and observed quartz vein structures at surface gives us increased confidence with launching a strategic exploration program on Wheaton Creek starting in GAI-10.\"Furthermore, Pacific Bay has entered into a communications and engagement agreement with the Tahltan First Nations in an effort to build a strong relationship with the local community while progressing with work on the Wheaton Creek Gold Property. Initial correspondence has ...