pacific explorer

Pacific Empire Provides Exploration Update at Jean Marie Copper-Gold Project

Pacific Empire Minerals Corp. (TSXV: PEMC) (OTCQB: PEMSF) ("Pacific Empire", "PEMC" or the "Company"), a British Columbia copper explorer, is pleased to report that it has completed an airborne geophysical survey, soil sampling and geological mapping at its flagship Jean Marie Project ("Jean Marie" or the "Project").

Jean Marie is a copper-gold-silver-molybdenum porphyry project located 50 kilometres west of Centerra Gold Inc.'s Mt. Milligan copper-gold mine in central British Columbia. The project has multiple unbounded mineralized zones defined by drilling of up to 244 metres of 0.28% copper (J97-11), and 192 metres of 0.29% Copper (J95-2 see previous news release) as well as multiple recently identified targets across the entire project.

Recent Project Developments

  • Airborne geophysical survey completed
  • Re-logging of historical drill core completed
  • Surficial geology mapping completed
  • Soil sampling completed - Phase 1
  • Detailed geological mapping ongoing

PEMC retained Precision GeoSurveys to complete a 128 sq-km high resolution, magnetic gradient, radiometric, and VLF-EM airborne geophysical survey at Jean Marie.

Despite over 30 years of exploration history at Jean Marie, this is the first high resolution multi-sensor airborne survey to be completed. Data will be integrated with geology and geochemistry and used to help map structure, alteration, and lithology to further guide the Company's exploration efforts. PEMC has received the preliminary data which is currently being processed and final results are anticipated in the coming weeks.

Surficial mapping across the property has now been completed. This mapping was completed by Quaternary geology expert Derek Turner, using historical survey data, as well as modern topographical data and aerial imagery. The revised surface geology map will be used to reinterpret near-surface geochemical and geophysical data.

During July, a total of 634 soil samples were collected at Jean Marie. This work focused on expanding the current historical soil sampling coverage. Wide spaced soil sampling focused on areas where there has been no coverage. This included zones that lie along strike with known copper and gold mineralization. Tighter spaced soil sampling focused on the mineralized drilling areas and will augment the historical soil sampling with modern multielement data. The results will be used in conjunction with the results from the surficial mapping to interpret zones of anomalous geochemistry and subsequent considerations for identifying drill targets. All samples have been sent to ALS Laboratories in North Vancouver, British Columba for multi-element geochemical analysis, results are pending.

"A much clearer picture is beginning to emerge," commented Thomas Hawkins, Vice President of Exploration for Pacific Empire. "Once we have the results from the most recently completed work program incorporated, we will be in a position to further refine and rank the drill targets."

Next Steps

Additional soil sampling, stream sediment sampling, prospecting and detailed lithology and alteration mapping is planned in areas that were recently staked by the Company. These areas cover prospective buried intrusions, contacts, and structures that were identified in the regional magnetic survey data.

"It is exciting to see the dataset come together," commented Brad Peters, President and CEO of Pacific Empire. "We are working towards an integrated targeting model over the coming months and intend to leave no stone unturned in the process."

For additional information on 2021 exploration activities at Jean Marie please see our latest President's Newsletter.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/5412/92703_568bbc06f443fbf7_001.jpg

Figure 1 - Jean Marie Location Map

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5412/92703_568bbc06f443fbf7_001full.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/5412/92703_568bbc06f443fbf7_002.jpg

Figure 2 - 2021 Soil Sampling

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/5412/92703_568bbc06f443fbf7_002full.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/5412/92703_568bbc06f443fbf7_003.jpg

Figure 3 - Preliminary Magnetics

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/5412/92703_568bbc06f443fbf7_003full.jpg

Qualified Person

Thomas Hawkins, P.Geo., Vice President of Exploration for the Company, serves as a qualified person as defined by NI 43-101 and has reviewed the scientific and technical information in this news release, approving the disclosure herein.

About Pacific Empire

Pacific Empire is a copper exploration company based in Vancouver, British Columbia and trades on the TSX Venture Exchange under the symbol PEMC. The Company's strong portfolio of gold-enriched copper projects in British Columbia, is the culmination of perseverance through one of the longest bear markets in the resource industry.

British Columbia is a "Green" copper jurisdiction with abundant hydroelectric power, access and infrastructure in close proximity to the end market.

ON BEHALF OF THE BOARD,

"Brad Peters"
President and Chief Executive Officer

Pacific Empire Minerals Corp.
Tel: +1-604-356-6246
brad@pemcorp.ca

www.pemcorp.ca

Neither the 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.

Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation: closing of the Offering is expected to occur on or around April 30, 2021, the funds will be used for exploration on its flagship Jean Marie copper-gold project and for general working purposes, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92703

News Provided by Newsfile via QuoteMedia

The Conversation (0)
True North Copper

True North Copper Commences Mining at Wallace North, QLD

True North Copper Limited (ASX: TNC) (TNC or the Company) is pleased to announce mining operations at its Wallace North deposit in northern Queensland have commenced, with clearing activities and blast hole drilling underway.

Keep reading...Show less

Lundin Mining Announces Updated Share Capital and Voting Rights

Lundin Mining logo (CNW Group/Lundin Mining Corporation)

TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") reports the following updated share capital and voting rights, in accordance with the Swedish Financial Instruments Trading Act:

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Forum Announces Closing of Private Placement, Stock Option Grant and Liquidity Services Agreement

Forum Announces Closing of Private Placement, Stock Option Grant and Liquidity Services Agreement

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") is pleased to announce that, further to its news releases of June 3 and June 24, 2024, it has closed its non-brokered private placement and has issued 7,084,020 units (the "Units") at a price of $0.135 per Unit for gross proceeds of $956,343 (the "Offering"). Each Unit consists of one common share and one-half of one share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one common share (each a "Warrant Share") at a price of $0.20 per Warrant Share for a period of 24 months expiring June 26, 2026.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Copper metal tubes side by side ascending in height.

A Look at Historical Copper Prices (Updated 2024)

Copper has had a volatile few years; however, amid various ups and downs, prices for the red metal hit an all-time high on May 20, 2024, trading at US$5.20 per pound on the COMEX.

Interestingly, by looking backwards it’s easy to see that this spike was an expected feature of the long-term picture for copper prices. The red metal has rebounded after a downtrend from about 2011 to 2015, and over the last few decades prices have increased even more dramatically.

Case in point — at the time of its new high in May 2024, the copper price has increased over 500 percent since January 2000. Although this impressive major increase doesn't account for inflation, it's still a sizeable gain. Let's take a deeper dive into copper prices going back even further.

Keep reading...Show less
Copper bars increasing in size with an arrow above pointing up.

How to Invest in Copper (Updated 2024)

Copper has long been held up as a key indicator of global economic health, and as the world electrifies it's taking on a new shine, making it a potentially compelling choice for green-minded investors.

Often called Dr. Copper, copper is one of the most followed base metals, and its high ductility and electrical conductivity make it the third most consumed industrial metal, behind iron ore and aluminum, as per the US Geological Survey.

Given its attributes, copper is often used for electrical purposes such as power transmission and generation. And like its base metal sibling nickel, it has a major role in the electric vehicle revolution, with experts at S&P Global expecting consumption of copper to jump 20 percent by 2035 due to demand from the green energy market.

Keep reading...Show less
Vizsla Copper (TSXV:VCU)

Vizsla Copper Begins Drilling at Woodjam Copper-Gold Property

Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF) (FRANKFURT: 97E0) ("Vizsla Copper" or the "Company") is pleased to announce the start of the summer core drilling program at the Woodjam copper-gold project (the "Woodjam Project" or "Woodjam") in south-central BC (Figure 1).

HIGHLIGHTS
  • The Targets: Core drilling will evaluate the potential for: (1) extensions of high-grade gold mineralization at the Deerhorn deposit, (2) extensions of gold-rich copper mineralization at the Three Firs zone, and (3) extensions of higher gold mineralization at the Southeast deposit.
  • The Program: Approximately 3,600m of core drilling in 9 drill holes is planned, some of which will be on the contiguous Redgold property.

"With our financing freshly closed, I'm excited about the start of drilling at Woodjam," commented Craig Parry, Executive Chairman. "Strong copper prices are expected to continue over the long term and Vizsla Copper is executing on its strategy of acquiring undervalued copper assets and completing selective, high-impact exploration programs on our best targets."

Keep reading...Show less

Latest Press Releases

Related News

×