Subject: Pistol Bay Commences Work on Dixie Claims - Red Lake, Ontario
PLAIN TEXT:
<html><head> <title>Pistol Bay Commences Work on Dixie Claims - Red Lake, Ontario</title></head><body><div style="f
--->ont-family: Arial, Helvetica, Sans-Serif; font-size: 10pt;"><table><tr><td width=250><img src="http://www.newsfilecorp
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---> Helvetica, Sans-Serif;color:#0C2081;"><h2>Pistol Bay Commences Work on Dixie Claims - Red Lake, Ontario</h2></td></tr
--->></table><hr style="color: #0C2081; background-color: #0C2081; height: 5px; margin: 20px 0px;" /><p>Vancouver, Britis
--->h Columbia--(Newsfile Corp. - May 11, 2016) - Pistol Bay Mining Inc.. (TSXV: PST) (the "Company') is pleased to announ
--->ce that it has commenced a detailed compilation and review of historical exploration data on its Dixie property, 35 ki
--->lometres southeast of Red Lake, Ontario.</p><p>The Dixie property is situated in the Confederation Lake greenstone bel
--->t, which is known to host numerous Volcanogenic Massive Sulphide (VMS) occurrences and deposits. The largest VMS depo
--->sit to date, the South Bay Mine, produced, between 1971 and 1981, approximately 354,000,000 pounds of zinc, 57,600,000
---> pounds of copper and 3,740,000 ounces of silver from 1,600,000 short tons (recovered grades of 11.06% Zn, 1.8% Cu and
---> 72.7 g/t Ag). The South Bay mine site is 45 kilometres east of the Dixie property on the same felsic volcanic unit.<
--->/p><p>The Dixie property covers four groups of airborne electromagnetic anomalies, known as Dixie 17, 18, 19 and 20.
--->The Dixie 17, 18 and 19 anomalies were explored by Selco in the 1977-1981 period, by Noranda in 1989-1992 and by Tribu
--->te Minerals Inc. between 2002 and 2009. Selco drilled a total of 40 diamond drill holes, Noranda drilled 7 holes and
--->Tribute Minerals drilled 11 holes.</p><p>VMS type mineralized zones have been located on the Dixie, 17, 18 and 19 anom
--->alies. A mineralized zone on Dixie 17 has yielded results up to 7.34% Zn and 1.4% Cu over a core length of 9.5 metres
--->. The Dixie 18 mineralized zone has been drilled over a length of 250 metres and to a depth of 150 metres. Noranda m
--->ade a resource estimate of 150,000 short tons grading 14% Zn (<b><i>Note: this is a historical resource estimate that
--->does not comply with NI 43-101 and has not been reviewed by a Qualified Person to assess its reliability</i></b>). Th
--->e Dixie 19 zone has been traced over a length of 500 metres, with drill intercepts including 6.33% Zn and 1.5% Cu over
---> a core length of 3.55 metres.</p><p>Tribute Minerals carried out a Titan 24 "deep earth imaging" survey over the east
--->ern one-third of the present Dixie property. It covered the Dixie 19 and 20 anomalies. The survey defined a new "bli
--->nd" anomaly (i.e. one which does not come to surface) beneath the Dixie 19 zone. Two diamond drill holes put down in
--->2002 tested what appeared to be the top of this zone. Drill hole DX2002-01 was reported to have intersected 1.25 metr
--->es averaging 9.71% Zn, 0.20% Cu and 10.7 g/t Ag, and drill hole DX2002-04 reportedly cut 1.25 metres averaging 5.32% Z
--->n. These intersections were at vertical depths of 262 and 350 metres respectively. No deeper drilling was done on th
--->is target, despite the interpretation that the top of the conductor was at 375 metres below surface.</p><p>A second, l
--->arger and deeper, conductive body, was located approximately coincident with, but below the Dixie 20 anomaly. The con
--->ductive body, modelled by inversion of magneto-telluric ("MT") data, has an irregular shape, but was reported to exten
--->d over an east-west length of 1,800 metres. One diamond drill hole, DX-2003-01A may have intersected the top of the c
--->onductive body. This hole cut a wide zone of altered felsic pyroclastic rocks, with variable pyrite content. The hig
--->hest individual assays were 0.98% Zn and 1.13% Cu. Down-hole electromagnetic surveying indicated that this hole had p
--->enetrated a large (up to 800 * 800 metres) conductive body close to its edge. Another model of the same MT data sugge
--->sted that the conductive body may trend close to north-south, i.e. sub-parallel to the survey lines and sub-parallel t
--->o the drill hole put down to test it.</p><p>The data review and compilation will collate drill hole results and assess
---> the potential of extensions of the Dixie 17, 18 and 19 zones. It will also attempt to assess the validity of the int
--->erpreted conductors defined by the Titan 24 survey. It will make recommendations for a diamond drilling program, as w
--->ell as outlining requirements for deep-penetrating electromagnetic surveys. The Titan 24 system that covered the east
--->ern one-third of the property was in development in 2002-2003 when the survey was done, and the results may be open to
---> re-interpretation of target geometries. The western two-thirds of the property has been tested by EM surveys and dia
--->mond drilling to depths of no more than 200 metres. To illustrate the type of deposit that might be expected in the C
--->onfederation Lake Belt, the South Bay Mine produced from a series of massive sulphide lenses, of which the deepest and
---> richest extended from a depth of about 330 metres to 440 metres. Deeper-penetrating exploration technologies will su
--->bstantially increase the possibility of economically significant discoveries.</p><p><i>Technical information in this n
--->ews release has been provided and/or reviewed by Colin Bowdidge, Ph.D., P.Geo., a Qualified Person as defined in NI 43
--->-101.</i></p><p><b>About Pistol Bay Mining Inc. </b></p><p>Pistol Bay Mining Inc. is a diversified Junior Canadian Min
--->eral Exploration Company with a focus on precious and base metal properties in North America. For additional informat
--->ion please contact Charles Desjardins - <a href="mailto:pistolbaymining@gmail.com" class="ApplyClass">pistolbaymining@
--->gmail.com</a> - at Pistol Bay Mining Inc.</p><p>On Behalf of the Board of Directors<br /><b>PISTOL BAY MINING INC.</b>
---></p><p><i><u>"</u></i><i><u>Charles Desjardins</u></i><i><u>"</u></i><i><u> </u></i><i><u> </u></i><i><u> <br />
---></u></i>Charles Desjardins,<br />President and Director</p><p>Neither the TSX Venture Exchange nor its Regulation Serv
--->ices Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the ade
--->quacy or accuracy of this release. </p><p>Cautionary note: </p><p>This report contains forward looking statements. Res
--->ource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimate
--->s are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk an
--->d uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual resul
--->ts may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchang
--->e rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and E
--->xchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based u
--->pon actual production or formation tests and can be shown to be economically and legally producible under existing eco
--->nomic and operating conditions.</p></div></body></html><p>If you no longer want to receive messages from us <a href='h
--->ttp://orders.newsfilecorp.com/unsubscribe.aspx?id=news@stockwatch.com&token=ab3b8818eda7506765bd0f2c6deece87&cid=3189'
--->>click here to unsubscribe</a>.</p>
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<html><head> <title>Pistol Bay Commences Work on Dixie Claims - Red Lake, Ontario</title></head><body><div style="f
--->ont-family: Arial, Helvetica, Sans-Serif; font-size: 10pt;"><table><tr><td width="250"><img src="http://www.newsfileco
--->rp.com/images/newsfile-wire-logo.jpg" width="198" height="75" alt="Newsfile Corp." /></td><td style="font-family: Aria
--->l, Helvetica, Sans-Serif;color:#0C2081;"><h2>Pistol Bay Commences Work on Dixie Claims - Red Lake, Ontario</h2></td></
--->tr></table><hr style="color: #0C2081; background-color: #0C2081; height: 5px; margin: 20px 0px;" /><p>Vancouver, Brit
--->ish Columbia--(Newsfile Corp. - May 11, 2016) - Pistol Bay Mining Inc.. (TSXV: PST) (the "Company') is pleased to anno
--->unce that it has commenced a detailed compilation and review of historical exploration data on its Dixie property, 35
--->kilometres southeast of Red Lake, Ontario.</p><p>The Dixie property is situated in the Confederation Lake greenstone b
--->elt, which is known to host numerous Volcanogenic Massive Sulphide (VMS) occurrences and deposits. The largest VMS de
--->posit to date, the South Bay Mine, produced, between 1971 and 1981, approximately 354,000,000 pounds of zinc, 57,600,0
--->00 pounds of copper and 3,740,000 ounces of silver from 1,600,000 short tons (recovered grades of 11.06% Zn, 1.8% Cu a
--->nd 72.7 g/t Ag). The South Bay mine site is 45 kilometres east of the Dixie property on the same felsic volcanic unit
--->.</p><p>The Dixie property covers four groups of airborne electromagnetic anomalies, known as Dixie 17, 18, 19 and 20.
---> The Dixie 17, 18 and 19 anomalies were explored by Selco in the 1977-1981 period, by Noranda in 1989-1992 and by Tri
--->bute Minerals Inc. between 2002 and 2009. Selco drilled a total of 40 diamond drill holes, Noranda drilled 7 holes an
--->d Tribute Minerals drilled 11 holes.</p><p>VMS type mineralized zones have been located on the Dixie, 17, 18 and 19 an
--->omalies. A mineralized zone on Dixie 17 has yielded results up to 7.34% Zn and 1.4% Cu over a core length of 9.5 metr
--->es. The Dixie 18 mineralized zone has been drilled over a length of 250 metres and to a depth of 150 metres. Noranda
---> made a resource estimate of 150,000 short tons grading 14% Zn (<b><i>Note: this is a historical resource estimate tha
--->t does not comply with NI 43-101 and has not been reviewed by a Qualified Person to assess its reliability</i></b>).
--->The Dixie 19 zone has been traced over a length of 500 metres, with drill intercepts including 6.33% Zn and 1.5% Cu ov
--->er a core length of 3.55 metres.</p><p>Tribute Minerals carried out a Titan 24 "deep earth imaging" survey over the ea
--->stern one-third of the present Dixie property. It covered the Dixie 19 and 20 anomalies. The survey defined a new "b
--->lind" anomaly (i.e. one which does not come to surface) beneath the Dixie 19 zone. Two diamond drill holes put down i
--->n 2002 tested what appeared to be the top of this zone. Drill hole DX2002-01 was reported to have intersected 1.25 me
--->tres averaging 9.71% Zn, 0.20% Cu and 10.7 g/t Ag, and drill hole DX2002-04 reportedly cut 1.25 metres averaging 5.32%
---> Zn. These intersections were at vertical depths of 262 and 350 metres respectively. No deeper drilling was done on
--->this target, despite the interpretation that the top of the conductor was at 375 metres below surface.</p><p>A second,
---> larger and deeper, conductive body, was located approximately coincident with, but below the Dixie 20 anomaly. The c
--->onductive body, modelled by inversion of magneto-telluric ("MT") data, has an irregular shape, but was reported to ext
--->end over an east-west length of 1,800 metres. One diamond drill hole, DX-2003-01A may have intersected the top of the
---> conductive body. This hole cut a wide zone of altered felsic pyroclastic rocks, with variable pyrite content. The h
--->ighest individual assays were 0.98% Zn and 1.13% Cu. Down-hole electromagnetic surveying indicated that this hole had
---> penetrated a large (up to 800 * 800 metres) conductive body close to its edge. Another model of the same MT data sug
--->gested that the conductive body may trend close to north-south, i.e. sub-parallel to the survey lines and sub-parallel
---> to the drill hole put down to test it.</p><p>The data review and compilation will collate drill hole results and asse
--->ss the potential of extensions of the Dixie 17, 18 and 19 zones. It will also attempt to assess the validity of the i
--->nterpreted conductors defined by the Titan 24 survey. It will make recommendations for a diamond drilling program, as
---> well as outlining requirements for deep-penetrating electromagnetic surveys. The Titan 24 system that covered the ea
--->stern one-third of the property was in development in 2002-2003 when the survey was done, and the results may be open
--->to re-interpretation of target geometries. The western two-thirds of the property has been tested by EM surveys and d
--->iamond drilling to depths of no more than 200 metres. To illustrate the type of deposit that might be expected in the
---> Confederation Lake Belt, the South Bay Mine produced from a series of massive sulphide lenses, of which the deepest a
--->nd richest extended from a depth of about 330 metres to 440 metres. Deeper-penetrating exploration technologies will
--->substantially increase the possibility of economically significant discoveries.</p><p><i>Technical information in this
---> news release has been provided and/or reviewed by Colin Bowdidge, Ph.D., P.Geo., a Qualified Person as defined in NI
--->43-101.</i></p><p><b>About Pistol Bay Mining Inc. </b></p><p>Pistol Bay Mining Inc. is a diversified Junior Canadian M
--->ineral Exploration Company with a focus on precious and base metal properties in North America. For additional inform
--->ation please contact Charles Desjardins - <a href="mailto:pistolbaymining@gmail.com" class="ApplyClass">pistolbayminin
--->g@gmail.com</a> - at Pistol Bay Mining Inc.</p><p>On Behalf of the Board of Directors<br /><b>PISTOL BAY MINING INC.</
--->b></p><p><i><u>"</u></i><i><u>Charles Desjardins</u></i><i><u>"</u></i><i><u> </u></i><i><u> </u></i><i><u> <br
--->/></u></i>Charles Desjardins,<br />President and Director</p><p>Neither the TSX Venture Exchange nor its Regulation Se
--->rvices Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the a
--->dequacy or accuracy of this release. </p><p>Cautionary note: </p><p>This report contains forward looking statements. R
--->esource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estima
--->tes are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk
--->and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual res
--->ults may vary depending upon exploration activities, industry production, commodity demand and pricing, currency excha
--->nge rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and
---> Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based
---> upon actual production or formation tests and can be shown to be economically and legally producible under existing e
--->conomic and operating conditions.</p></div><img src="http://mandrillapp.com/track/open.php?u=30568383&id=2389cc8f8dca4
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