Now starts the exploration of PST`s major project !
Mr Desjardin`s optomism re Confederation Lake is based on the believe that there is a MAJOR ore body DEEP below the surface. This fly over has the capacity to illuminate deep structures. Keep fingers crossed that such images are present. That would lead to deep drilling for significant assays. Not a proven structure until we get those assays!
PISTOL BAY TO COMMENCE VTEM SURVEY, CONFEDERATION LAKE PROJECT, NORTHWEST ONTARIO
Pistol Bay Mining Inc. has contracted Geotech Ltd. of Aurora, Ont., to carry out a 1,128-line-kilometre helicopter-borne survey of the central part of the company's land position in the Confederation Lake greenstone belt, southeast of Red Lake, Ont. The survey will use Geotech's Versatile Time-Domain Electromagnetic (VTEM Plus) system, which includes a horizontal magnetic gradiometer.
Geotech Ltd. is an industry leader in airborne EM survey technology. The VTEM Plus system delivers more power into the ground, and a better signal-to-noise ratio than previous VTEM systems, resulting in greater depth penetration and better conductor resolution. Pistol Bay anticipates that this survey will explore the survey area to a significantly greater depth than previous airborne surveys, the last of which was done 20 years ago.
Charles Desjardins, President of Pistol Bay commented, "We are very excited about the potential of this new survey. We will essentially be exploring a new depth slice of this greenstone belt with its numerous VMS deposits and occurrences, that has never been explored before. This newer technology increases the chances of potentially finding a new zinc-copper-silver deposit like the Arrow Zone, or the former producing South Bay mine".
The current VTEM survey is the first phase of a belt-scale survey, which will form part of a multi-disciplinary exploration program of the Confederation Lake greenstone belt, that is planned to extend over the next few years.
Technical information in this news release has been provided or approved by Colin Bowdidge, Ph.D., P.Geo., a Qualified Person as the term is defined in National Instrument 43-101.
About Pistol Bay Mining Inc.
Pistol Bay Mining Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on precious and base metal properties in North America.`
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