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Pacific Bay Minerals ( (TSE:PBM) ) just unveiled an update.
Pacific Bay Minerals has received an independent geological report from P.Geo. Kristian Whitehead confirming strong gold and silver mineralization and significant exploration upside at its Weaver Gold Property in southwestern British Columbia. Historical drilling on the property has returned high-grade intercepts over multiple campaigns, and the report highlights the favourable structural and geological setting of orogenic-style quartz-carbonate vein systems, suggesting good potential to extend mineralization along strike, down-dip and in parallel structures. Whitehead recommends a staged exploration program beginning with detailed mapping and prospecting, followed by a 3D induced polarization survey and, subject to positive results, approximately 1,000 metres of diamond drilling, with Pacific Bay acting as project operator under its option agreement with Aurwest Resources, positioning the company to potentially expand its gold portfolio alongside its critical minerals flagship asset.
More about Pacific Bay Minerals
Pacific Bay Minerals Ltd. is a Vancouver-based mineral exploration company focused on critical and precious metals in British Columbia. Its flagship 100%-owned Haskins-Reed Critical Minerals Project in northwestern BC hosts tungsten, copper, bismuth, silver, lead and zinc across multiple high-grade polymetallic zones with extensive historical drilling and underground workings, while the company also owns the Weaver Gold project in southern BC, now under an option and joint venture arrangement with Aurwest Resources.
Average Trading Volume: 62,986
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$2.3M
See more insights into PBM stock on TipRanks’ Stock Analysis page.