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Pistol Bay Mining Inc (2)
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Pistol Bay finishes drilling two holes at Confederation

2018-04-11 06:28 ET - News Release

Mr. Charles Desjardins reports

PISTOL BAY PROVIDES AN UPDATE ON 2018 DRILLING PROGRAM AT CONFEDERATION LAKE

Pistol Bay Mining Inc. is providing an update on the 3,500-metre diamond drilling program on its 51,000-acre Confederation Lake property in Northwestern Ontario.

Drilling of the first two holes on the Arrow zone has been completed. Core samples from the first hole have been sent to the lab for assaying. The core from the second hole is currently being logged. Sampling of the second hole will be carried out after the hole has been logged.

The drill is being moved to the site of the third hole and drilling will commence on this hole as soon as the drill is set up.

The table contains a selection of drill intersections from previous diamond drill holes on the Arrow zone by Noranda Exploration in 1997 to 1998 and Tribute Minerals Inc. in 2004 to 2007.

Hole        From (m)  To (m) Length (m) True width (m) Cu (%) Zn (%) Ag (g/t) Au (g/t)
 
GL1997-02C   451.80  456.10       4.30           3.51   3.07  27.16     50.4    2.105
GL1997-04    469.00  474.80       5.80           4.25   1.61   9.36     37.0    0.818
GL2004-08    325.00  335.20      10.20           7.13   0.95   8.50     25.3    1.018
GL2006-18    513.50  518.90       5.40           3.84   0.66  18.71     25.6    0.446
GL2006-27    304.90  309.05       4.15           3.20   0.59  10.59     19.6    0.730
GL2006-39    338.83  343.10       4.27           3.00   1.21  18.54      8.2    0.413
GL2007-50    526.50  537.60      11.10           7.99   0.92   2.45     15.1    0.496
GL2007-53    560.35  567.40       7.05           5.39   1.20   4.28     25.4    0.834

Following drilling on the Arrow zone, the drill will move to the Fredart zone, which was drilled in the 1960s and contained copper mineralization of VMS type with associated silver values. Only the first four holes were assayed for gold.

The technical information in this news release was prepared and/or reviewed by Dr. 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 blockchain applications.

We seek Safe Harbor.

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