🟡 Pacific Bay & Aurwest Sign Joint Venture on Weaver Gold Project
TSX-V-listed Pacific Bay Minerals (PBM) has entered a Letter of Intent (LOI) with Aurwest Resources, allowing Aurwest to earn a 50% stake in PBM’s Weaver Gold Project in British Columbia over three years through cash, share payments, and exploration work.
Key Facts:
Weaver Gold Project is located in the East Harrison Lake Belt, with strong orogenic gold and silver potential.
Historical sampling: up to 63.77 g/t gold and 2,009.44 g/t silver; multiple drill intercepts show multi-gram gold/silver over metre-scale widths.
The property covers 725 ha, with year-round access and potential for magmatic nickel/copper sulphides, drawing parallels to Pacific Nickel’s Giant Mascot Mine.
PBM highlights favourable geology, mineralisation continuity, and untapped potential along strike and depth.
Expert Insight:
“This partnership accelerates exploration in a high-potential BC gold project,” says PBM CEO David Brett. Aurwest CEO Cam MacDonald adds: “Weaver represents a strong entry point into gold exploration in British Columbia.
#GoldExploration #WeaverGold #PacificBayMinerals #AurwestResources #MiningNews $XAG $XAU $PAXG
