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Pistol Bay Mining Inc. (TSX VENTURE:PST) is a diversified Junior Canadian Mineral Exploration Company with a focus on precious and base metal properties in North America.
Pistol Bay has entered into an Option Agreement with Zimtu Capital Corp. and MPH Consulting Ltd. to acquire a 100% interest in the advanced-stage Portland Graphite Property located in southeastern Ontario.
Pistol Bay has also optioned its C4, C5 & C6 Blocks to Rio Tinto (RTCUC). The claims amount to 4,011 acres located in proximity to the Key Lake area of the Athabasca Basin, Saskatchewan. The C3 block is a 500 acre Uranium property in the Wheeler river area of the Athabasca basin with excellent potential to host high grade uranium mineralization and clearly warrants an extensive exploration program.
Pistol Bay’s Summit A, B and D blocks of properties consist of over 8,500 hectares adjoining the boundary of the Imperial Metals Red Chris Copper-Gold project, located 80km south of the town of Dease Lake in the Iskut area of northern BC. The 1,394 hectare Summit B property is contiguous with Colorado Resources North ROK property. Pistol Bay has entered into an Option Agreement with Revolver Resources for a 60% interest in the Summit B claims. In August 2013, Revolver Resources completed and filed a NI-43-101 report on the property. Pistol Bay has also entered into an Option Agreement with Vega Mining Inc. whereby Vega may earn a 70% interest in the Summit A&D properties. Vega intends to rename the Summit D property Vega Star 1 and the Summit A property Vega Star 2. (See Feb. 26th News Release).