TSXV:PEMC

Pacific Empire Samples 8.79 g/t Gold and Expands Mineralized Zones at Jean Marie

Pacific Empire Minerals Corp. (TSXV: PEMC) ("Pacific Empire", "PEMC" or the "Company") is pleased to report rock sample assays received from its Jean Marie Copper-Gold-Silver-Molybdenum porphyry project (the "Jean Marie") in north-central British Columbia, located 50 kilometres west of Centerra Gold Ltd.'s Mt. Milligan copper-gold mine.

Highlights:

  • 8.79 g/t gold, 86.6 g/t silver and 1.75% copper in rock sample at newly identified Leap Target Area;
  • Continuous chip sampling yields 4 metres grading 1.37% copper, 0.08 g/t gold and 67.4 g/t silver at C zone south; and
  • Bismuth-tellerium association with base metal and precious metal rich veins suggests high-level porphyry type mineralization.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/5412/64724_0655646434b28a47_001.jpg

Figure 1 - New Rock Sampling & Existing Zones at Jean Marie

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5412/64724_0655646434b28a47_001full.jpg

Additional rock sampling at the Jean Marie project continues to highlight the potential for a precious-metal-enriched, copper porphyry deposit at Jean Marie. The presence of base-metal / precious metal veins at numerous areas across the Property which consistently have a bismuth-tellurium signature are interpreted as intermediate sulphidation veining consistent with what is observed in the upper levels of porphyry systems.

Approximately 650 metres south of the historically drilled B zone, rock sampling at a 20-metre-wide exposed rock face and talus pile in a newly identified and sampled area exhibited gold and silver mineralization within polymetallic veining. Veining occurred along the margin of a 10 to 15-metre-wide monzonite dike, in contact with calc-silicate (epidote, diopside) altered andesite.

Moderate to high grade silver mineralization was systematically chip sampled across a series of stacked sulphide-rich quartz veins up to 30 cm wide in an exposed 2008 roadcut, 400 metres southeast of the "C zone south" showing sampled by the Company early this summer (refer to PEMC news release dated August 11th, 2020). There is a prevalent bismuth-tellurium association with silver grades at the area, as seen in other areas of the Property.

"Although outcrop is sparce, we continue to find additional mineralized areas across the property characterized by veining that is consistent with the upper level of a porphyry system. This new data, combined with historical drilling at the A, B and C zones, supports the potential for a porphyry system at depth, along the Jean Marie fault. We look forward to the start of drilling at Jean Marie in the coming weeks."

Table 1. Rock sampling results (coordinates in UTM NAD 83 zone 10).

Sample IDEasting (m)Northing (m)Copper (%)Gold
(g/t)
Silver
(g/t)
Bismuth (ppm)Tellurium (ppm)AreaSample type
14695237795361060740.360.0543.2357.2911.97C zone southeastRock - outcrop grab
14695437795961060815.540.131943297.9652.85C zone southeastRock - outcrop grab
14695537756761061780.230.044.640.530.81C zone southRock - outcrop grab
208991637795661060772.820.0642.5670.73127.49C zone southRock - chip sample
208991737795961060790.930.121171935.61158.15C zone southRock - chip sample
208991837796261060811.320.0648.9948.0229.25C zone southRock - chip sample
208991937796561060830.40.0761.21543.09443.86C zone southRock - chip sample
208992037801361062750.140.012.417.724.65C zoneRock - outcrop grab
208992137791761063280.490.037.78.961.38C zoneRock - outcrop grab
1370837561361068451.758.7986.6342.843.89Leap ZoneRock - subcrop grab

 

Table 2. Rock sample descriptions.

Sample_IDDescription
146952Strongly rusty weathered quartz vein in roadside exposure.
146954Semi-massive chalcopyrite with abundant malachite-tenorite in monzonite dike.
146955Sulfide vein pyrite > chalcopyrite. Andesite outcrop exposed in a tree well.
2089916Stacked polymetallic veins 12" thick quartz-chalcopyrite-pyrite-galena. 0.0 - 1.0 m along trench.
2089917As above. Interval 1.0 - 2.0 m
2089918As above. Interval 2.0 - 3.0 m
2089919As above. Interval 3.0 - 4.0 m
2089920Clay-tenorite-limonite-malachite altered and weathered monzonite.
2089921Rusty weathered chlorite altered monzonite with blebs of molybdenite and chalcopyrite.
13708Very strongly rusty weathered monzonite. 3% Cp, 1% galena, 5% pyrite, hydrozincite staining.

 

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/5412/64724_0655646434b28a47_002.jpg

Figure 2 - Copper from Recent Rock Sampling

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/5412/64724_0655646434b28a47_002full.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/5412/64724_0655646434b28a47_003.jpg

Figure 3 - Gold from Recent Rock Sampling

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/5412/64724_0655646434b28a47_003full.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/5412/64724_0655646434b28a47_004.jpg

Figure 4 - Silver from Recent Rock Sampling

To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/5412/64724_0655646434b28a47_004full.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/5412/64724_0655646434b28a47_005.jpg

Figure 5 - Sample # 146954 (194 g/t Ag, 5.54% Cu, 0.13 g/t Au)

To view an enhanced version of Figure 5, please visit:
https://orders.newsfilecorp.com/files/5412/64724_0655646434b28a47_005full.jpg

About the Jean Marie Project

The Jean Marie consists of 7,350 ha of contiguous mineral claims in north-central British Columbia situated 50 kilometres west of Centerra Gold Ltd.'s Mt. Milligan copper-gold mine. PEMC holds an option to earn a 100% interest in the Jean Marie. The Jean Marie straddles the contact between the Jean Marie multiphase stock and andesitic volcanics of the Late Triassic to Early Jurassic Witch Lake. Several drill-indicated zones exist on the Jean Marie, two of which have only been historically drilled to a maximum depth of 92 metres. Recent logging operations and associated infrastructure have made road-based drilling activities possible. The most recent drilling at any of the three drill indicated zones was completed at the B zone in 1997. The final hole of the 1997 program intersected 184 m @ 0.33% copper, which includes an interval of hydrothermal breccia grading 1.2% copper over 27 metres.** Numerous additional exploration targets exist on the Property, particularly along a 9 kilometre trend that extends southeasterly from the A zone.

** 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

Continuous 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.

Qualified Person

Rory Ritchie, P.Geo., Vice President of Exploration for the Company, serves as a qualified person as defined by National Instrument 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.

By integrating the project generator business model with low-cost RC drilling, the company intends to leverage its portfolio by identifying, and focusing on, the highest quality projects for partnerships and advancement.

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, 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/64724

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Impact Minerals

Maiden Measured Resource for the Lake Hope High Purity Alumina (HPA) Project, WA

Impact Minerals Limited (ASX:IPT) is pleased to announce a substantial and high-grade maiden Measured Resource estimate for its flagship Lake Hope High Purity Alumina (HPA) Project, located about 500 km east of Perth in Western Australia. Impact has the right to earn an 80% interest in Playa One Pty Ltd, owner of the Lake Hope project, via an incorporated joint venture by completing a Pre- Feasibility Study( PFS) currently in progress (Figure 1 and ASX Release 21st March 2023).

Keep reading...Show less
Olympio Metals Limited

Olympio to Acquire Canadian Copper-Gold Project on Prolific Cadillac Break

Dufay Cu-Au Project, Quebec

Olympio Metals Limited (ASX:OLY) (Olympio or the Company) is pleased to announce that it has signed an option to acquire 80% of the highly prospective Dufay Cu-Au Project on the Cadillac-Lake Larder Fault Zone, known as the ‘Cadillac Break’ (Dufay Option), in Canada.

Keep reading...Show less
Pan Asia Metals Limited

PAM Secures A$35 Million Capital Commitment Agreement Commitment Positions PAM to Deliver Significant Project Outcomes Company to be re-named Flagship Minerals Limited

Battery and critical metals explorer and developer, Pan Asia Metals Limited (ASX: PAM) (“PAM” or ”the Company”) is pleased to advise that it has entered into a binding Capital Commitment Agreement (“Facility”) with New York based Global Emerging Markets Group for a 4 year $35 million equity investment commitment, providing PAM with a reliable source of equity funding to see it through to JORC Resource and Pre-Feasibility at its Rosario Copper and Tama Atacama Lithium projects.

Keep reading...Show less
Copper bars.

Top 5 Canadian Mining Stocks This Week: Canterra Surges 150 Percent on High Grades from Surface

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE starting with a round-up of Canadian and US news impacting the resource sector.

The S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 2.63 percent on the week to close at 591.22 on Friday (November 8). Meanwhile, the S&P/TSX Composite Index (INDEXTSI:OSPTX) was up 0.43 percent to 24,890.68 and the CSE Composite Index (CSE:CSECOMP) climbed 1.24 percent to 146.64.

The US Bureau of Labor Statistics released October’s consumer price index (CPI) data on Wednesday (November 13), with figures showing that inflation has stalled. While the numbers were in line with analysts' expectations, all items CPI was up 0.2 percent month-over-month for the fourth consecutive month following a decline of 0.1 percent in June.

Keep reading...Show less
Vehicles at mine site.

Gunnison Releases PEA for Arizona Copper Project, Plans for Open-pit, Heap-leach Operation

Gunnison Copper (TSX:GCU,OTCQB:EXMGF) is shifting its development strategy for the Gunnison copper project in Arizona, US, laying out plans for a conventional open-pit and heap-leach operation.

In a preliminary economic assessment (PEA), released on Thursday (November 14), the company explains that it is targeting the production of finished copper cathode for domestic consumption.

The PEA outlines an after-tax net present value of US$1.3 billion at an 8 percent discount, and an internal rate of return of 20.9 percent based on a long-term copper price of US$4.10 per pound.

Keep reading...Show less
Chinese flag with shipping containers and stock charts.

Will China's US$1.4 Trillion Debt Relief Package be a Tailwind for Copper Demand?

In a move to address its growing financial woes, China has announced a sweeping five year, 10 trillion yuan (US$1.4 trillion) package aimed at alleviating the growing burden of local government debt.

The plan, unveiled by Finance Minister Lan Fo’an, seeks to address the substantial hidden debt that many local governments have accumulated, exacerbated by an economic slowdown and real estate market instability.

Keep reading...Show less

Latest Press Releases

Related News

×