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Message: NR-Pebble Creek Mining Ltd. Reports Assay Results at Askot

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NR-Pebble Creek Mining Ltd. Reports Assay Results at Askot

posted on Oct 25, 10 10:06AM

PEBBLE CREEK MINING LTD. REPORTS ASSAY RESULTS AT ASKOT

	    TSX-V: PEB
	    VANCOUVER and NEW DELHI, India, Oct. 25 /CNW/ - Pebble Creek Mining Ltd.
(the "Company") is pleased to announce that drilling of core hole 019A is
completed and intersected 8.7 metres of disseminated sulphide mineralisation
from 363.7 metres to 372.4 metres. The relevant assays are as follows:

<<

 ____________________________________________________________________________
| From   |  To    | Length   |Copper (%)|Lead (%)|Zinc (%)|Gold (gpt)|Silver |
|(metres)|(metres)| (metres) |          |        |        |          | (gpt) |
|________|________|__________|__________|________|________|__________|_______|
| 367.20 | 368.30 |    1.10  |    3.51  |   3.24 |   4.12 |    0.53  |   111 |
|________|________|__________|__________|________|________|__________|_______|
| 368.30 | 369.40 |    1.10  |    1.47  |   3.87 |   5.62 |    0.82  |   92  |
|________|________|__________|__________|________|________|__________|_______|
| 369.40 | 370.00 |    0.60  |    0.60  |   0.02 |   0.07 |    0.09  |    5  |
|________|________|__________|__________|________|________|__________|_______|
| 370.00 | 370.10 |    0.10  |    3.57  |  10.29 |  24.61 |    0.06  |   327 |
|________|________|__________|__________|________|________|__________|_______|
|  Average grades |      *   |    2.14  |   3.06 |   4.56 |    0.53  |   89  |
|_________________|__________|__________|________|________|__________|_______|
| Calculated Copper Economic |   Copper |   Lead |   Zinc |    Gold  |Silver |
|        Equivalents         |          |        |        |          |       |
|____________________________|__________|________|________|__________|_______|
|   for copper equivalent,   |      1   |   0.33 |   0.36 |    0.41  |  0.01 |
|multiply assay by factor ** |          |        |        |          |       |
|      & add products:       |          |        |        |          |       |
|____________________________|__________|________|________|__________|_______|
|     Copper equivalent (%)  |    5.57  |                                    |
|____________________________|__________|____________________________________|

>>
	    *  Drillhole length is 2.9 metres.  True thickness is 2.2 metres
	    ** A polymetallic deposit is best evaluated with a common dollar
denominator. The calculated copper equivalent is at a long-term copper price
of $2.50/lb, lead $0.90/lb, zinc $1.00/lb, gold $1,000/oz and silver $15/oz as
estimated post-2013 by BMO Capital Markets; and assumed mill recoveries of the
five metals, in the same order, of 85%, 78%, 77%, 60% and 60%. 
	    Hole 019A opens up a large untested area along strike to the northwest
and down dip from the previously delineated mineral resource described in the
Company's NI 43-101 Technical Report prepared by SRK Consulting dated
September 26, 2008, copies of which are available on SEDAR at www.sedar.com or
the Company's website at www.pebcreek.com.
	    The drill core is NQ3 with 45 mm diameter, extracted from a triple-tube
core barrel and sawed lengthwise into two equal parts, one retained and one
complete split sent to Shiva Analyticals, Bangalore, India, an ISO 9001 and
17025 certified laboratory. Shiva analysed the base metals by CPOES, gold by
lead fire assay with AAS finish, and silver by ICPOES. Shiva also concurrently
ran six check assays with standards and duplicates.
	    Dr. Andrew E. Nevin, PEng, President and CEO of the Company, is a
Qualified Person under National Instrument 43-101, and is responsible for
directing the work at Askot and has reviewed and approved of the technical
information contained in this news release.
	    This news release contains forward-looking statements that address future
events and conditions and are subject to various risks and uncertainties. The
Company's actual results, programs and financial position could differ
materially from those anticipated in such forward-looking statements as a
result of numerous factors, some of which may be beyond the Company's control.
These factors include: the availability of funds; the timing and content of
work programs; results of exploration activities and development of mineral
properties, the interpretation of drilling results and other geological data,
the uncertainties of resource and reserve estimations, receipt and security of
mineral property titles; project cost overruns or unanticipated costs and
expenses, fluctuations in commodity prices; currency fluctuations; and general
market and industry conditions.
	    Forward-looking statements are based on the expectations and opinions of
the Company's management on the date the statements are made. The assumptions
used in the preparation of such statements, although considered reasonable at
the time of preparation, may prove to be imprecise and, as such, undue
reliance should not be placed on forward-looking statements.
	    Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.





-30-
To view this news release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/October2010/25/c5348.html

	    /For further information:
	    Andrew Nevin, PhD, PEng, President & CEO, Telephone: +1 604 250 1795
	    Mike Romanik, Vice President, Telephone: +1 204 724 0613
	    /

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