The two properties comprise 682sq km of mineral claims near the Argentine government-owned Cerro Solo uranium deposit.
The Solo uranium deposit hosts 15.4 million lb of uranium at an average grade of 0.47% U3O8.
At Regalo, where much of the property is underlain by the favorable Los Adobes formation, a geological team will evaluate 23 high-priority uranium anomalies outlined by a 2008 airborne radiometric and magnetics survey.
At the Cerro Solo property, the company will evaluate Alpha-Track radon anomalies outlined during 2008.
The objective of this program is to define high-priority uranium mineralization for detailed exploratory drilling.
Pacific Bay CEO David H. Brett said that with Argentina seeking a better domestic supply of uranium for its expanding nuclear program, Chubut’s San Jorge basin has become a key area for uranium exploration and resource development.
