Business
Pacific Bay Minerals Files Drilling Permit for Haskins-Reed Critical Minerals Project Near Cassiar, BC
Vancouver, British Columbia--(Newsfile Corp. - May 12, 2026) - Pacific Bay Minerals Ltd. (TSXV: PBM) ("Pacific Bay" or the "Company") reports that the Company
About this update from Pacific Bay Minerals Ltd.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 12, 2026) - Pacific Bay Minerals Ltd. (TSXV: PBM) (\"Pacific Bay\" or the \"Company\") reports that the Company has filed a Notice of Work with the BC Ministry of Mining and Critical Minerals applying for a 5-year permit to complete up to 120 diamond drill holes comprising up to 24,000 metres over a 5-year period at the Company's 100% owned Haskins-Reed Critical Minerals Project in the Cassiar Mining Camp in North Central BC. The proposed 2026, year-one program plans to drill up to 30 holes targeting tungsten-rich skarns at the Mount Reed prospect, copper/bismuth/silver/lead/zinc rich Meteor and Della B Zones carbonate replacement zones. Significant results from a 2011 drill program by PBM include 14 metres of 102.59 g/t Silver, 0.52% Copper, 4.96% Zinc, and 0.29% Bismuth in the B-Zone, and 17.5 metres of 88.35 g/t silver, 3.39% zinc and 1.11% lead in the Meteor zone. 2018 Pacific Bay drilling at Meteor intersected 5.2 metres grading 6.20% zinc, 35.83 gpt silver, 0.68% lead, and 0.23% copper. Historical drilling at Mount Reed returned values of 2.01% WO3 over 3.3 metres, 0.37% WO3 over 5.18 metres and 0.17% WO3 over 54.8 metres \"As prices for tungsten, bismuth and copper continue to climb, Pacific Bay is eager to reactivate exploration at Haskins-Reed,\" said Pacific Bay CEO David H. Brett. \"The Cassiar area has heated up and we're excited about renewing attention on the region.\" About the Haskins-Reed Project The Haskins-Reed Property has been explored in several phases by different companies since the late 1940s, including approximately 198 drill holes. The 100% owned land package, which includes 5 \"Crown Grant\" claims, is host to multiple mineral prospects. B Zone: Skarn-hosted semi-massive to massive sulphide lenses, with silver- and gold-bearing pyrrhotite-sphalerite-chalcopyrite-galena mineralization, are hosted by metasomatized carbonate rocks. Mount Reed molybdenum-tungsten prospect: Molybdenum and tungsten mineralization is hosted by peripheral contact metamorphic exoskarn developed in carbonate-rich metasedimentary rocks of the Atan Group. Joe Reed vein prospect: Silver-rich sphalerite-galena-pyrite shear-hosted vein mineralization occurs within a persistent northerly-trending fault zone that cuts through Lower Cambrian Atan Group quartzite, limestone, and dolomi...