Pacific Bay moves exploration crew to Haskins-Reed

Executive Summary

• Pacific Bay Minerals has mobilized a crew to begin tungsten‑focused exploration at its 100 % owned Haskins‑Reed critical minerals project in the Cassiar district of northern British Columbia.
• Historical drilling on the Mount Reed prospect returned high‑grade tungsten skarns (e.g., 2.01 % WO₃ over 3.3 m).
• The property also hosts historic estimates for a multi‑metal zone (Della B) containing silver, copper, zinc, lead and bismuth, though these figures are non‑NI 43‑101 compliant and represent historical data only.

Key Details

• Project Location: Haskins‑Reed property, Cassiar district, north‑central BC; accessible via Highway 37.
• Exploration Focus: Tungsten skarn mineralization at the Mount Reed prospect.
• Historical Drill Intercepts (core lengths):
• 2.01 % WO₃ over 3.3 m
• 0.37 % WO₃ over 5.18 m
• 0.17 % WO₃ over 54.8 m
• Historic Multi‑Metal Estimate (Della B zone): ~1,739,000 t grading 56.9 g/t Ag, 0.53 % Cu, 2.77 % Zn, 0.47 % Pb, 0.24 % Bi (historical; not NI 43‑101 compliant).
• Management Comments:
• Chairman David H. Brett highlighted recent Canadian government support for critical minerals and potential infrastructure upgrades (e.g., Highway 37 transmission line extension).
• CEO Reagan Glazier noted the company’s parallel effort to acquire the Pereira Velho gold property in Brazil and expressed confidence in market demand for tungsten, copper, zinc and bismuth.
• Technical Review: Information reviewed and approved by David Bridge, P.Geo., a qualified person under NI 43‑101.

Notable Quotes

“The company is encouraged by the government of Canada's recently announced support for critical minerals in northwestern B.C., including the possible extension of the Highway 37 hydroelectric transmission line to the Cassiar area and beyond.” – David H. Brett, Chairman

“As the company works toward establishing a foothold in Brazil through the acquisition of the Pereira Velho gold property, we are excited about our renewed focus on the Haskins‑Reed property.” – Reagan Glazier, CEO