Canadian Stocks: Current Trends and Chart Analysis

[december]

Consolidated Pacific Bay Minerals (CBP - TSXV)

Pacific Bay is a publicly traded company on the TSX Venture Exchange, symbol "CBP". Pacific Bay is a junior exploration company, focused on exploring for uranium and gold in Argentina. The Company's Cerro Solo Uranium project and the Regalo Gold Project are located in the highly prospective Patagonia region of Chubut province. (18.6 million shares out, $0.11 current stock price)

Cerro Solo Uranium Project:
Pacific Bay has discovered several uranium showings on the Regalo property and in late June, announced an outcrop sample assaying 205 ppm uranium. This finding has prompted Pacific Bay to acquire additional claims to expand the Regalo property to protect all of its current uranium showings. The expanded Regalo Project (372 square kilometers) lies just to the north and west of the Cerro Solo uranium mine (estimated to hold 10.3 million pounds of uranium) in central Patagonia which is the subject of increasing international interest.
Pacific Bay has also filed for three exploration permits totalling 300 square kilometres based on favourable geology and proximity to the Cerro Solo, Cerro Condor and Los Adobes uranium deposits. Investors can expect various announcements as this new uranium play unfolds.


Regalo Gold Project:
The Regalo property has extensive gold (up to 1 gram gold) in dry-wash stream sediments and soils throughout the property. The company has recently completed first phase trenching of the Regalo and in the process outlined 4 new zones within the Regalo to focus on. The objective of the first phase was to conduct grid soil sampling, back hoe trench and define potential target zones that can be drilled in 2005. PacBay geologist think that the model for the Regalo gold mineralization may be an entirely new style of gold mineralization for central Patagonia, with the large size potential typical of sediment-hosted gold deposits, similar to Nevada.

In early March, at the Toronto PDAC, a well respected newsletter writer, Jim Steel of Mining Insights.com became familiar with the Regalo project and introduced Pacific Bay to his paid subscribers as "An intriguing Long Term Value Story".

Key Points:
-Well positioned in the Cerro Solo Basin Uranium play
-Uranium showings on Regalo property, now expanded
-Extensive and intensive gold anomalies throughout the property
-Large, complex epithermal alteration zones that are favorable for gold mineralization -Similar to Nevada, USA
-Unexplored new area of Argentina
-Partners with IMA Exploration who have extensive knowledge of this area and great success.

For further information and head to our website at http://www.pacificbayminerals.com