Mr. Charles Desjardins reports
PISTOL BAY PLANS 2018 DRILLING PROGRAM IN CONFEDERATION LAKE
Pistol Bay Mining Inc. plans to commence a 2018 drilling
program on its Confederation Lake greenstone belt in the very near future.
Charles Desjardins, president and chief executive officer of Pistol Bay, commented, "After the company's very
encouraging VTEM plus (versatile time domain
electromagnetic plus) survey in 2017, we are excited to commence the next stage of development
of the Confederation Lake volcanic massive sulphide belt."
Three drill holes of at least 500 metres each are planned to further test the Arrow zone and to
retrieve core for preliminary metallurgical testing. The Arrow zone was the subject of a National Instrument 43-101
report in 2017 that presented an inferred mineral resource of 2.1 million tonnes grading 5.78 per cent zinc,
0.72 per cent copper, 0.60 gram per tonne gold and 19.5 g/t silver (8.42 per cent zinc equivalent).
Additionally, the company plans to survey the older drill holes on the Arrow zone, which were
drilled by Noranda in 1997 and 1998, using a gyro or similar method, to accurately determine hole
deviation. Collars of all holes on the Arrow zone will be surveyed by differential GPS to determine
their precise location and the initial azimuth. These new and precise measurements will allow more
precise positioning of drill intercepts and will ultimately lead to a higher level of confidence in the
Approximately 10 diamond drill holes totalling approximately 2,000 metres will test the Fredart
A zone (also referred to as the Copperlode A zone). A historical resource estimate made in
1971 for the Fredart A zone, based on diamond drilling in the 1960s, was 386,000 tonnes grading
1.56 per cent copper and 33.6 g/t silver, or alternatively 219,500 tonnes at 1.95 per cent copper and 41.8 g/t
silver. Neither of these estimates conforms to any class of mineral resource or mineral reserve
defined by the 2014 CIM (Canadian Institute of Mining, Metallurgy and Petroleum) guidelines.
Although the first five holes in 1965 were assayed for gold with results up to 1.2 g/t Au, the
remaining 76 holes were not assayed for gold. Four of the highest-grade and widest drill intercepts
on the Fredart A zone were:
- DDH 65-03: 1.83 metres of 5.24 per cent copper and 170.45 grams per tonne silver;
- DDH 66-11: 6.61 metres of 3.37 per cent Cu and 159.52 g/t Ag;
DDH 66-15: 17.53 metres of 2.54 per cent Cu and 45.72 g/t Ag;
- DDH 66-18: 46.21 metres of 1.18 per cent Cu and 51.11 g/t Ag.
Intersection lengths are core lengths. True widths are not known. Sampling, assaying, security and
QC (quality control) protocols are unknown.
Technical information in this news release was reviewed by Colin Bowdidge, PhD, PGeo, a
qualified person as defined in National Instrument 43-101.
About Pistol Bay Mining Inc.
Pistol Bay Mining is a diversified junior Canadian mineral exploration company with a focus on zinc
and base metal properties in North America. The company has also created a subsidiary for resource-driven
We seek Safe Harbor.
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