Our goal is to develop under-explored properties, benefit from deal flow generated by our strategic partnership and growth opportunities.
Pistol Bay Mining Inc. is a diversified junior Mining Canadian Exploration Company with a specific focus on zinc and other base metal properties in North America. The Company is engaged in the acquisition, exploration and development of mineral properties and is focusing on:
100% optioned properties in Confederation Lake VMS Greenstone Belt, Ontario:
The Confederation Lake properties consist of 108 claims over 5,136 ha with assessment work reserves of $1.7 million, sufficient to maintain all contiguous claims for 13 years.
Dixie 17, 18, 19, 20 and Dixie 3
The Dixie Zinc Copper Project is optioned by Pistol Bay and is in Confederation Lake Greenstone Belt in Ontario. This property is known as the 17-18-19 Dixie Claims. Pistol also owns the Dixie 20 Claim which is located east of the Dixie 18 Claim and North of the Dixie 19 Claim. In addition,Pistol Bay also has the Dixie 3 claim, formerly know as the Snake Falls property. This property is located 45 kilometers southeast of Red Lake. It is within 8 kilometers of the Dixie 17, 18, 19, 20 properties and fits within the company's exploration model located 35 kilometers southeast of Red Lake, Ontario.These are Zinc-Copper properties
Fredart, Copperlode, Ben Lake, Joy and Caravelle
The other substantial deposit is the Copperlode “A” or Fredart Zone. It has a historical mineral resource of 425,000 tonnes grading 1.56% copper (non-compliant NI 43-101 and has not been reviewed by a Qualified Person). The zone was drill-tested to a depth of approximately 200 meters over a length of 350 meters, and was reported as being open at depth. The area was also explored for molybdenum in the 1970’s and samples containing up to 1.46% Mo were reported.
Uranium in Athabasca Basin in Northern Saskatchewan, optioned by Rio Tinto
The company properties include the C4-5-6 Uranium property in the Athabasca basin in Saskatchewan. Rio Tinto Exploration Canada Uranium Corp. / Rio Tinto Exploration Canada Inc. ( RTCUC / RTCCI or Rio Tinto) has informed Pistol Bay Mining Inc. that they will continue exploration of this property in 2016. (see additional information under projects)
In addition, Pistol Bay Mining Inc. is presently seeking other worthwhile projects but will not make any decisions until proper due diligence is completed.