Base Metals

Pacific Empire Minerals Corp. (TSXV: PEMC) ("Pacific Empire", "PEMC" or the "Company") is pleased to report on assay results received for the Jean Marie Project in North-Central British Columbia.


  • Copper mineralization was encountered in 13 of 15 holes with 8 holes averaging greater than 1000 ppm copper over the entire length of hole.
  • A broad, tabular zone of elevated Cu values (>0.2% Cu) was delineated over an area of approximately 400 x 500m; this zone remains open to the NE and SW and suggests the presence of a larger mineralizing system.
  • Elevated levels of copper, silver and molybdenum were encountered in drilling with drill hole JMR014 averaging 3.37% Cu and 11.4 g/t Ag over 3.05m and drill hole JMR008 averaging 1.4 g/t silver over the length of the hole; a strong correlation exists between Cu-dominant (Au-poor) mineralization and Ag grades.
  • Drill results demonstrate kilometer-scale base and precious metal mineralization over a large, under-explored property with untested diamond-drill targets.

Cannot view this image? Visit:

Figure 1 - Area of 2020 RC drilling at Jean Marie

To view an enhanced version of Figure 1, please visit:

The 2020 reverse circulation ("RC") drill program at Jean Marie consisted of 15 holes totaling 1,691 metres and focused on the northern-most "A Zone", where historical drilling in the 1970s encountered copper mineralization; historical holes were only assayed for copper and molybdenum. The 2020 RC drill program was successful in identifying a broad zone of elevated copper and intriguing silver mineralization and has provided the Company with multi-element geochemical data that has been incorporated into the growing property database. In combination with the airborne magnetic survey that was completed in October of 2020, the data is being used to develop additional targets for diamond drilling during the 2021 exploration season. At this time, the trend and true width of mineralization unknown.

Cannot view this image? Visit:

Figure 2 - Jean Marie Property Target Areas

To view an enhanced version of Figure 2, please visit:

Exploration activities during 2020 confirmed the presence of a 5 km long porphyry footprint at Jean Marie in addition to the identification of new areas of copper, gold and silver mineralization at the Leap prospect and to the south of the C Zone. At the Leap prospect, located 800 metres to the south of the B Zone, rock sampling returned 8.79 g/t gold, 86.7 g/t silver and 1.74% copper (Sample No. 13708, see PEMC News Release dated September 28, 2020). Approximately 400 metres south of the C Zone, additional gold mineralization was encountered when continuous chip sampling of a hand trench (Trench 1) yielded 4.0 g/t gold over 8 metres with the entire 20-metre length of the trench averaging 1.7 g/t gold. A second hand trench (Trench 2) was sampled approximately 250 east of Trench 1 where continuous chip sampling yielded 4 metres grading 1.37% copper, 0.08 g/t gold and 67.4 g/t silver. Follow up work is planned at these new areas during 2021 to assess the significance of the mineralization in the areas. At this time, the trend and true width of mineralization at both hand trenches is unknown.

"Results from drilling and rock sampling during 2020 confirm the presence of copper and gold mineralization over a wide area on the property. In addition, results from the airborne magnetic survey have identified coincidental geophysical and geochemical targets on the southern half of the property that will be followed up on in 2021. The company is planning expanded ground geochemical surveys and geological mapping programs," stated Brad Peters, Pacific Empire's President and CEO. "We look forward to getting a head start on exploration at Jean Marie this year in order to develop targets for the next stage of diamond drilling."

Summary of Selected Intercepts.

Table 1 - Selected Intervals from 2020 RC Drilling

Cannot view this image? Visit:

To view an enhanced version of Table 1, please visit:

Additional details from the 2020 RC drill program and rock sampling can be found on our website by clicking here.

The Jean Marie Project in The Age of Copper

The Jean Marie consists of 7,350 ha (73.5 KM2) of contiguous mineral claims situated 50 kilometres west of Centerra Gold Ltd.'s operating Mt. Milligan copper-gold mine. PEMC holds an option to earn a 100% interest in the Jean Marie property.

The Jean Marie property provides investors with early-stage exposure to copper in a premier jurisdiction at a time when the world is moving towards electrification.

"Copper's time has arrived," stated Brad Peters, Pacific Empire's President and CEO. "In the drive towards cleaner and greener energy, copper is indispensable. Copper is a core input for manufacturing and electrification. The high durability, high malleability, high electrical and heat conductivity, in addition to antimicrobial properties provide additional sources of demand from growing global industries; importantly the health care industry amidst the ongoing global pandemic."

Historical work conducted on the Jean Marie Project includes over 10,000 metres of drilling and dozens of ground-based geophysical and geochemical surveys, with the majority of exploration being completed by Cominco Ltd. between 1970 and 1974. Historical exploration activities were focused on drilling in three copper porphyry zones: the A, B and C Zones. Each of the three mineralized zones straddle the Jean Marie fault, an important controlling structure that has been mapped for over 12 km on the property.

Although the historical focus of exploration at Jean Marie has been at the A,B and C Zones, it is apparent from surface sampling that there appears to be a gold-dominant zone to the south of these areas of previous focus.

The A Zone has seen limited historical drilling, with the deepest drilling being 92 vertical metres. Mineralization at the A Zone exists as chalcopyrite dominated by pyrite, with covellite and bornite. Rock sampling by PEMC during 2020 confirmed the presence of anomalous to highly anomalous gold values associated with chalcopyrite mineralization and monzonite dikes.

The B Zone has seen more extensive drilling, with the deepest historical drilling being a 277 metre vertical drill hole, J97-11. A high-grade interval in this hole occurs between 181 and 208 metres, where a hydrothermal breccia containing angular clasts of mineralized porphyry with bornite and chalcopyrite graded 1.2% copper over 27 metres. The presence of this breccia provides direct evidence of a mineralized porphyry system at depth beneath the B Zone.

Prior to 2020, the most recent drilling at any of the three primary zones was completed at the B Zone in 1997. The final hole of the 1997 program intersected 184 metres @ 0.33% copper, which includes an interval of hydrothermal breccia grading 1.2% copper over 27 metres.**

The C Zone is characterized as a broad area of low-grade copper-molybdenum mineralization, with the easternmost hole in the zone grading 0.17% copper over the entire 85.3 metre length of bedrock drilled. However, the presence of a large, strong copper-in-soil anomaly measuring 2,500 x 600 metres, immediately north and east of the C Zone, with soil samples with anomalous copper suggests more appreciable copper mineralization may exist in the immediate area. The presence of widespread clay alteration further suggests there may be potential for higher copper grades at depth.

Based on field work conducted by PEMC during 2020, numerous additional exploration targets exist on the Property, particularly along a 9-kilometre trend that extends southeasterly from the A zone.

If you would like to stay informed of the latest corporate activities please click here to provide consent and receive news, updates and important information as we move our projects forward.

** The Company has not verified historical drilling results but has reviewed the historical sampling and analytical procedures and has no reason to believe the historically reported results are unreliable or misleading.

QA/QC Procedures

RC chip samples and rock grab samples were collected and placed in polyethylene bags before being shipped to MS Analytical ("MSA") in Langley, BC. Internal laboratory standards are checked upon analysis as a means of quality assurance. Samples were analyzed using MSA's IMS-130 multi-element analytical package, whereby 0.5 g aliquots are subjected to an aqua-regia digest and subsequently analyzed with ICP-AES/MS. Sample were also assayed using MSA's FAS-111 fire assay gold package, whereby a 30 g fusion is ultimately finished with AAS. Certified reference standards and blanks were inserted as a part of the QA/QC program.

Cannot view this image? Visit:

Figure 3 - Jean Marie Property Location Map

To view an enhanced version of Figure 3, please visit:

Qualified Person

George Cavey, P.Geo., Technical Advisor 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 Minerals Corp.

PEMC is an exploration company based in Vancouver, British Columbia, that employs a "hybrid prospect generator" business model and trades on the TSX Venture Exchange under the symbol PEMC. The Company's strong portfolio of projects is a result of continuous generative work conducted since the Company's inception in 2012.


"Brad Peters"
President and Chief Executive Officer

Pacific Empire Minerals Corp.
Tel: +1-604-356-6246

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, 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

News Provided by Newsfile via QuoteMedia

Pacific Empire Minerals

Pacific Empire Minerals

Keep reading...Show less

Cyprium Metals Ltd AUD50M Secured Offtake Prepayment Facility for Nifty Copper

Perth, Australia (ABN Newswire) - Cyprium Metals Limited (ASX:CYM) is pleased to announce that it has entered into an exclusive Letter of Intent with Glencore International AG ("GLN" or "Glencore") for AUD50 million in respect of a Copper Cathode Offtake Secured Prepayment Facility which will be used for funding the Nifty Copper , as part of the debt financing for the restart of the Nifty Copper Project, which includes capital expenditure, contingencies, working capital, and financing costs.


- An exclusive Letter of Intent for a Secured Copper Cathode Prepayment Facility has been signed with Glencore, under which:

o Offtake arrangement for 100% of the Copper Cathode produced during Phase 1 of the Nifty Copper Project restart
o AUD50M Secured Offtake Prepayment Facility

- The Secured Offtake Prepayment Project Funding from Glencore is part of a total debt funding package for the Nifty Copper Project restart

- Advanced discussions are continuing with Senior Debt counterparties, who are undertaking due diligence activities and reviewing financing documentation

Managing Director Barry Cahill commented:

"We are very pleased to enter into an exclusive Letter of Intent for a Copper Cathode Offtake Secured Prepayment Facility with Glencore. This is part of a fully funded finance package for the restart of the Nifty Copper Project.

The restart project economics are very robust, and we have continued to make further improvements to the Nifty Copper Project during the financing process.

We are looking forward to completing our total funding package so that we can commence executing our Nifty Copper Project restart development plans."

This exclusive Letter of Intent includes a non-binding term sheet for both offtake arrangement and project funding. This is part of the targeted AUD240 million to AUD260 million debt funding package to finance the restart of the Nifty Copper Project, which is expected to include senior secured financing and secured offtake financing.

Under the terms of the exclusive Letter of Intent, CYM and GLN will work towards finalising outstanding due diligence activities, and documentation for the project funding for execution, which is being done in conjunction with ongoing advanced discussions with the potential secured senior debt providers.

Key Terms of the Copper Cathode Prepayment Facility

Indicative terms - Offtake

- 100% of Copper Cathode produced at the Nifty Copper Project, up to a maximum of 120,000 tonnes

- Offtake pricing of copper cathode shipments determined by reference to average market rates

Indicative terms - Prepayment Facility

- Facility amount: AUD50 million

- Facility term: 60 months

About Cyprium Metals Ltd:

Cyprium Metals Limited (ASX:CYM) is poised to grow to a mid-tier mining business and manage a portfolio of Australian copper projects to deliver vital natural resources, strong shareholder returns and sustainable value for our stakeholders. We pursue this aim, in genuine partnerships with employees, customers, shareholders, local communities and other stakeholders, which is based on integrity, co-operation, transparency and mutual value creation.

Cyprium Metals Ltd

News Provided by ABN Newswire via QuoteMedia

[subscribe_company_profile use_post="101691698"]

Keep reading...Show less

Northern Dynasty Reports Annual General Meeting Results

Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE MKT:NAK) ("Northern Dynasty" or the "Company") announces the voting results from its 2022 Annual General Meeting held on June 23, 2022 in Vancouver, British Columbia (the "Meeting

At the Meeting, a total of 215,554,654 common shares were voted, representing 40.69% of the votes attached to all outstanding common shares as of the record date. All nine nominees were elected to the Company's Board of Directors (the "Board"). The voting results were as follows:

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Ivanhoe Mines to Release Quarterly Production Results and Operations Update on July 5

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) stated today that it is unaware of any company-specific reason that might be contributing to the recent decline in the company's share price other than general market volatility.

On July 5, 2022, Ivanhoe will issue a second quarter production update on the Kamoa-Kakula Mining Complex, as well as a general operations update. In May, Kamoa Copper achieved record monthly copper production of 29,800 tonnes.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Lion Copper and Gold

Lion Copper and Gold Corp. Announces Proposed Shares for Debt Settlement

Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) ("Lion CG", or the "Company") announces that it has entered into a debt settlement agreement (the "Agreement") with a creditor dated June 22, 2022 whereby the Company has agreed to issue shares to settle debt in the amount of $100,000 owed to the creditor. The debt was incurred pursuant to an option Agreement between the Company and the creditor dated January 26, 2022. Pursuant to the Agreement the Company will issue 1,212,121 common shares of the Company at a deemed price of $0.0825 per share to the creditor.

The issuance of the common shares in connection with the debt settlement is subject to the approval of the TSX Venture Exchange and will be subject to a four-month hold period.

Keep reading...Show less
Getchell Gold Corp. Engages Apex Geoscience to Conduct a Resource Estimate for the Advanced Exploration Stage Fondaway Canyon Gold Project, NV

Getchell Gold Corp. Engages Apex Geoscience to Conduct a Resource Estimate for the Advanced Exploration Stage Fondaway Canyon Gold Project, NV

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the "Company") is pleased to announce the engagement of Apex Geoscience Ltd. ("Apex") of Edmonton, AB, to conduct a resource estimation ("2022 Resource Estimate") for the Fondaway Canyon gold project in Nevada.

Key Highlights

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Hudbay Announces Completion of Mining Activities at 777 after 18 years of Steady Production

Hudbay Minerals Inc. ("Hudbay" or the "company") ( TSX, NYSE: HBM) today announced that mining activities at the company's 777 mine in Flin Flon, Manitoba, have concluded after the reserves were depleted following 18 years of steady production. Closure activities at the 777 mine have commenced and employees and equipment are transitioning to the company's operations in Snow Lake, Manitoba.

"777 was a state-of-the-art mine that represented the pinnacle of a century of shared success for Hudbay and Flin Flon," said Peter Kukielski, Hudbay's President and Chief Executive Officer. "Though the closure of 777 marks the end of a mining era in Flin Flon, we will continue with exploration activities in the region. We care deeply about the community and creating a bright future for mining in northern Manitoba. Hudbay's transition to Snow Lake will help deliver that future and demonstrate our commitment to being a valued member of our communities."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News