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Strateco Resources Completes Ten Drill Holes at Alfred Fault

Pacific Bay Minerals CEO has reported that its partner Strateco Resources has sent a notice stating that it has finished ten drill holes including the drilling of 5,511 m, which targets the Alfred Fault, a potential uranium formation situated on the claims possessed by Pacific Bay Minerals.

Strateco is earning 60% working interest in the claims, through an option with Pacific Bay. The company has not found any significant uranium intercepts in the holes. It has analyzed around 1.7 km strike length of the Alfred Fault. But, the claim formation shows a rich favourable alteration. The company has cut three holes and yielded 0.01% U3O8 over 2.7 m, 0.01% U3O8 over 0.5 m in PB-10-01. The companies are targeting the Alfred Fault, which is the main area for exploration.

The mineral claims belonging to the Pacific Bay in the Matoush area contains several regions with strong uranium prospective, which also comprises the Alfred Fault and the Rabbit Ears zones, and that both the companies are working to plan for the next exploration program, said Mr. David H. Bret.

Source: http://www.pacificbayminerals.com/

Joel Scanlon

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Joel Scanlon

Joel emigrated to Australia in 1995 and worked for five years in the mining industry as an exploration geotechnician, using GIS mapping and CAD software. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm. After that, he ran a successful business providing web services to businesses along the eastern seaboard of Australia. During this time, he developed and launched News-Medical.Net. Joel has been working with AZoNetwork since the company was founded in 2000.

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