Vancouver, B.C. – February 22, 2018: Pistol Bay Mining Inc. (TSX-V – PST; Frankfurt – OQS2) (“Pistol Bay” or the “Company’) is pleased to announce that it is currently soliciting and reviewing bids from drilling contractors for the rights to drill the Company’s Confederation Lake greenstone belt VMS properties. A decision is expected shortly, and drilling is planned… Continue reading Pistol Bay to Start Drilling at Confederation Lake in March 2018
Category: Pistol Bay Mining Inc.
#PistolBayMining $PST Plans 2018 #Drilling #Program in Confederation Lake
Pistol Bay (TSX.V-PST) announced that it plans to commence a 2018 drilling program on it’s Confederation Lake greenstone belt in the very near future. Charles Desjardins, President and CEO of Pistol Bay, commented, “After the company’s very encouraging VTEM plus survey in 2017, we are excited to commence the next stage of development of Confederation Lake… Continue reading #PistolBayMining $PST Plans 2018 #Drilling #Program in Confederation Lake
#RioTinto Exercises #Option for #PistolBayMining $PST C-Block #Uranium #Properties
Pistol Bay (TSX.V-PST) has entered into an amending and final agreement with Rio Tinto Canada Uranium Corp. (”RTCUC” or “Rio Tinto”), with regard to the C 4, 5 and 6 Uranium properties, whereby Rio Tinto will make a final cash payment of $1,000,000 to Pistol Bay. The C block of Uranium properties, located in the… Continue reading #RioTinto Exercises #Option for #PistolBayMining $PST C-Block #Uranium #Properties
PB #Blockchain $PST Announces “HashDrop” #Blockchain #Application
Pistol Bay Mining Inc. (TSX-V – PST; Frankfurt – OQS2) (“Pistol Bay” or the “Company’) is pleased to give an update on the development of our subsidiary, PB Blockchain Inc. (see news release dated November 15, 2017.) This wholly owned subsidiary is focused on blockchain applications for mining and resource company management. We will be… Continue reading PB #Blockchain $PST Announces “HashDrop” #Blockchain #Application
@PistolBayMining $PST Signs Confidentiality Agreements and Applies for Additional Drill Permits for Confederation Lake
Pistol Bay (TSX.V-PST) has signed Confidentiality Agreements (“CAs”) with two prospective partners who have expressed interest in farming in to part or all of the 42,000-acre Confederation Lake zinc-copper project east of Red Lake, Ontario. One CA has been signed by a mid-tier producer, and the other by a junior exploration group. Pistol… Continue reading @PistolBayMining $PST Signs Confidentiality Agreements and Applies for Additional Drill Permits for Confederation Lake
@PistolBayMining $PST Increases Size of Confederation Lake VTEM Survey
Pistol Bay expanded the upcoming VTEM airborne electromagnetic and magnetic survey to cover almost twice the area of the original survey plan. Geotech Limited is contracted to survey the 40 km length of the Confederation Lake greenstone belt, southeast of Red Lake, Ontario. With a larger loop, more power and better signal-to-noise resolution than earlier… Continue reading @PistolBayMining $PST Increases Size of Confederation Lake VTEM Survey
@PistolBayMining $PST Executes LOI to Option Copperlode Property with Five Known Zinc-Copper Zones
Pistol Bay has the option to acquire up to an 80 percent interest in the Copperlode Property by making certain payments and share issuances. The Copperlode Property consists of four mining claims comprising 31 claim units for a total area of approximately 496 hectares or 1,225 acres. Frontline holds the claims under option from a… Continue reading @PistolBayMining $PST Executes LOI to Option Copperlode Property with Five Known Zinc-Copper Zones
@PistolBayMining $PST Closes #Financing, Extends Expiry on #Warrants
Pistol Bay $PST closed a non-brokered private placement financing for gross proceeds of $336,600, issuing 3,960,000 units at a price of $0.085 per unit, each unit comprising of one common share and one transferable share purchase warrant, with each warrant entitling the holder to purchase one additional common share for a period of 18 months… Continue reading @PistolBayMining $PST Closes #Financing, Extends Expiry on #Warrants
@PistolBayMining $PST to Commence VTEM (TM) Survey, Confederation Lake Project, Northwest Ontario
Pistol Bay $PST has contracted Geotech Ltd to carry out a 1,128 line-km helicopter-borne survey of the central part of the Company’s land position in Ontario. The survey will use Geotech’s Versatile Time-Domain Electromagnetic (VTEM Plus) system, which includes a horizontal magnetic gradiometer. Pistol Bay anticipates that this survey will explore the survey area to… Continue reading @PistolBayMining $PST to Commence VTEM (TM) Survey, Confederation Lake Project, Northwest Ontario
@RioTinto to Provide $750,000 Cash Injection to @PistolBayMining $PST
Pistol Bay $PST has amended their agreement with Rio Tinto Exploration Canada with regard to the C4, 5 and 6 Uranium properties, whereby Rio Tinto will make an initial cash payment of $750,000 to Pistol Bay. Under the amending agreement, Rio Tinto will acquire an additional 25% interest in the Property (thereby increasing its aggregate… Continue reading @RioTinto to Provide $750,000 Cash Injection to @PistolBayMining $PST