# Pacific Bay Starts BC Tungsten Exploration at Haskins-Reed Critical Minerals Project

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/pacific-bay-starts-bc-tungsten-exploration-at-haskins-reed-critical-minerals-pro--9e43b4b1-cc0f-4c4a-b627-25204b5755c2

Original source: https://money.tmx.com/en/quote/PBM/news/5663615767468799/pacific-bay-starts-bc-tungsten-exploration-at-haskins-reed-critical-minerals-pro

Publisher: tmx

Original announcement: 2025-09-23T13:15:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Pacific Bay Minerals Ltd.

- Ticker: PBM

- Exchange: TSX

- Region: British Columbia

- Primary commodity: Tungsten

- Secondary commodities: Silver, Copper, Zinc, Lead, Bismuth

- Document categories: Other, Drill results

- Extracted: 2026-08-26 03:10:36 UTC

Narrative sentiment: 0.30 · Bullish

## Minestarters Atlas summary

Pacific Bay Minerals has mobilized a crew to begin tungsten exploration at its Haskins-Reed project in British Columbia. The company highlighted historical high-grade tungsten intercepts and a non-compliant historical estimate for the Della B Zone to demonstrate project potential.

Reasoning: The announcement marks the start of a new exploration program, but the primary value drivers mentioned are historical data rather than new drill results.

- Positive factor: Mobilization of exploration crew

- Positive factor: High-grade historical tungsten skarn intercepts

- Positive factor: Presence of multiple critical minerals

- Negative factor: Historical resource estimates do not conform to NI 43-101

- Negative factor: Historical tungsten intercepts are not new assays

Facts used in scoring: 8

## Classification and evidence

**Apparent Width Only**

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The document explicitly states that drill results are core lengths only and not true widths.

Evidence · text

> Drill results quoted are core lengths only and not true widths

**Historical Estimate Only**

Polarity: negative

Story-specific tag

Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.

Why it applies: The Della B Zone tonnage and grade are based on historical work from the 1960s and 1970s and do not conform to NI 43-101.

Evidence · text

> the estimates are of a historical nature and do not conform to current NI 43-101 regulations

## Extracted facts

Stored fact records: 0. Some facts used in scoring do not have a stored record.

No stored fact records are available for this extraction.

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.