Pistol Bay Mining (TSXV: PST) this morning announced that it has mobilized a field crew to its recently acquired Icefield Gold project, located within southeastern British Colombia. The crew will be conducting a phase 1 reconnaissance and verification exploration program on all the properties within the project.
The planned field work program will see each of the Punch Bowl, Vertebrae Ridge, and Gold Mountain properties have two days of field work conducted to verify sampling of the primary mineralized occurrences that were documented historically on the properties. The properties are located within a 90 kilometre long gold trend, with highly anomalous gold occurrences having been previously reported from both drill cores and outcrops.
In the case of the Punch Bowl property, which is 3,079 hectares in size, historic grab samples have returned values as high as 79 ounces per tonne gold and 14.5 ounces per tonne silver from the main showing on the property, while more recent exploration have identified at least 20 veins on the property that produced gold values. Further, visible gold has been located on the property in several spots.
Sponsored · Cambria Gold Mines
Gold Mountain meanwhile, at 802 hectares in size, is the most southerly property within the Icefields project, located just north of Highway 1. Previous trenching on site has displayed gold values as high as 30.3 grams per tonne gold, 13,001 grams per tonne silver, along with 32.5% copper. More recent drilling that has taken place on site meanwhile has hit 7.89 grams per tonne gold, 1,034 grams per tonne silver, 2.30% copper and 5.26% lead over 4.50 metres, along with 59.03 grams per tonne gold, 7,530 grams per tonne silver, 16.9% copper and 8.95% lead over 4.04 metres.
The fieldwork program will see six days in total of on the ground work being conducted, with the exploration managed by Dahrouge Geological Consulting of Edmonton, AB. The surface program will primarily focus on verifying historic results from the properties, while reconnaissance prospecting the immediate areas.
Pistol Bay Mining last traded at $0.06 on the TSX Venture.
FULL DISCLOSURE: Pistol Bay Mining is a client of Canacom Group, the parent company of The Deep Dive. The company has been compensated to cover Pistol Bay Mining on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
