Pacific Bay Minerals Ltd. reported that the company has completed two diamond drill holes at the Atlin Goldfields Project (the Property) near the town of Atlin in northern British Columbia. The drilling encountered mineralization within the Property's high grade Yellowjacket shear/vein system and assays are pending. The company holds an option to acquire up to a 100% interest in the Property from Brixton Metals Inc. The initial two diamond drill holes were designed to test the core of the historic Yellowjacket gold mineralized zone.

Both drill holes were drilled toward azimuth 160o, with hole YJ22-01 having -50o dip and a total depth of 155.86 metres and hole YJ22-02 having a -60o dip and total depth of 135.85 metres. Both diamond drill holes intercepted the main Yellowjacket host structure, consisting of strongly sheared and brecciated quartz within altered andesite and ultramafic units. Hole YJ22-01 intersected 8.1 metres of quartz breccia within a 19.64 metre fault structure.

Hole YJ22-02 intersected two zones, one with a core length of 6.1 metres and a second of 3.12 metres, both within the 15.43 metre wide favourable host structure. Drill core samples have been shipped to ALS Limited's laboratory in North Vancouver for analyses and results are pending. The Yellowjacket occurrence is known to include individual, mineralized quartz veins, that are hosted within pre-existing structures, as well as zones of mineralized vein arrays.

Listwanitic altered ultramafic rocks are consistently associated with the gold veins and vein arrays, with the gold most commonly hosted in gabbro, diabase, basalt and andesite (brittle, crackle fractured rocks) in fault contact with ultramafic rocks. Free gold mineralization occurs as scatted coarse native gold grains associated with minor pyrite, chromite and mariposite.