22:40:57 EDT Wed 22 May 2019
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or Name

Pistol Bay Mining Inc (3)
Symbol C : PST
Shares Issued 24,173,822
Close 2018-06-27 C$ 0.055
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Pistol Bay hires Dahrouge for Confederation review

2018-06-28 06:34 ET - News Release

Mr. Charles Desjardins reports


Pistol Bay Mining Inc. has provided an update on Confederation Lake in Ontario.

Charles Desjardins, president and chief executive officer of Pistol Bay, is pleased to inform shareholders that the company has retained Dahrouge Geological Consulting Ltd. to undertake a comprehensive review of current and historic exploration work of the Confederation Lake project. Sustained exploration for base metals began at the Confederation Lake project during the 1950s with over 560 drill holes completed to date, leading to the discovery of numerous VMS (volcanogenic massive sulphide) occurrences. A thorough review of current and historic exploration will provide for valuable guidance in expanding upon known mineralization, and testing both new and underexplored targets.

This work will include:

  • Compilation of historical drilling;
  • Integration of current and historic drill results with the recently completed VTEM (versatile time domain electromagnetic) survey;
  • Identify relevant geological and geophysical characteristics of the known mineralization to guide future exploration- and discovery-oriented work;
  • Compilation of the drilling near known deposits (along strike or at depth) to assist in identifying new zones or extensions to known mineralization; this work could have potential to add tonnage of the Arrow zone or other smaller, high-grade zones like Dixie-3, Dixie-10, Copperlode (Fredart) or Diamond-Willow;
  • Subcontract and manage a detailed interpretation of the airborne EM; work would be to create 3-D plate models of the EM to integrate with the 3-D drill hole data.

The technical information in this news release was 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.

We seek Safe Harbor.

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