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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.
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
Figure 2 - 2021 Soil Sampling
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https://orders.newsfilecorp.com/files/5412/92703_568bbc06f443fbf7_002full.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
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
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