Base Metals

Pacific Empire Minerals Corp. (TSXV: PEMC) ("Pacific Empire", "PEMC" or the "Company"), a British Columbia copper explorer, is pleased to report assay results from the 2022 diamond drill program at its Jean Marie project. Both holes drilled intersected significant intervals of copper mineralization and were successful in expanding the area of known copper mineralization along strike and at depth.

Highlights:

  • JM-22-02 returned 178 m of 0.32% copper equivalent ("CuEq"), including 76 m of 0.52% CuEq and 31 m of 0.68%CuEq, including 10 m of 1.15% CuEq
  • JM-22-01 returned 155 m of 0.20% CuEq
  • Mineralized hydrothermal breccia was encountered in both holes

"Jean Marie is a fantastic exploration opportunity for Pacific Empire. Our geologic team believes the results of this drilling program are significant and encountering the mineralized breccia in a 200-metre step-out hole from the historical hole 97-11 demonstrates hydrothermal style porphyry mineralization is open along strike," commentedBrad Peters, President, and CEO of Pacific Empire. "Moreover, we remain optimistic that further drilling will demonstrate continuity of mineralization along strike and at depth."

Hole Width (m)From (m)To (m)Cu (eq) %Copper %Molybdenum (ppm)Silver - g/t
JM-22-01155512060.20%0.18%191.0
JM-22-02178942720.32%0.29%421.8
200.4595.552960.30%0.26%351.6
(Entire Hole)28218.00 TOH300 EOH0.23%0.21%271.3
Including761442220.52%0.46%713.0
Including311912220.68%0.64%64.7
Including101912011.15%1.08%67.2

 

Selected Highlights from 2022 Diamond Drilling at Jean Marie

*Copper Equivalent (CuEq) % calculated using copper and gold length weighted assay results, with commodity prices assumed to be Copper = $3.49 USD/lb, Molybdenum = $19.31 USD/lb and Ag = $0.65 USD/g (20.13 USD/troy ounce). CuEq grade including copper, gold and silver assumes 100% recoveries is calculated using the following equation: CuEq. = Cu % + (Mo grade (%) x 5.65) + (Ag grade (ppm) x 84.36). No metallurgical data have been used in this calculation.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5412/144289_2fc5ff0e34a7890b_001.jpg

Location of 2022 Diamond Drilling at Jean Marie

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5412/144289_2fc5ff0e34a7890b_001full.jpg

JM-22-01 was drilled approximately 100 metres to the west of historical drill hole 97-11 and was drilled to a depth of 400 metres. The hole was collared in Takla Volcanic rocks. Copper mineralization that was observed in the hole consisted of chalcopyrite and bornite finely disseminated in the Takla volcanic andesite and in quartz hematite veinlets. A 13-meter-wide quartz-carbonate breccia zone was intercepted from 163 to 176 metres. Five to ten meter wide dykes of equigranular monzonite cross cut the Takla. Takla volcanic rock was intensely and variably biotitised, with the greatest intensity of alteration close to the contact with the equigranular monzonitic plutonic rocks at 223 meters depth. Chalcopyrite in the Jean Marie intrusive monzonite was found in low angle quartz, hematite veinlets with K-feldspar selvages.

JM-22-02 was drilled a further 100 metres to the northwest of JM22-01. This hole was drilled to a depth of 300 metres. The highest-grade intercept was encountered in from 189 metres to 220 metres, where a 30-metre-wide quartz-carbonate hydrothermal breccia was intersected. This intercept represents a continuation of the high-grade mineralized breccia intercepted 200 metres to the east in hole J97-11. Mineralization in the breccia is found as massive chalcopyrite in the matrix as well as large angular clasts. Takla volcanic rock was variably biotitised, chalcopyrite and bornite was disseminated in the Takla andesitic volcanic rock and in veinlets associated with hematite. The contact with the Jean Marie pluton was intercepted at 220 meters, below the quartz-carbonate breccia. Chalcopyrite in the Jean Marie intrusive monzonite was found in low angle quartz, hematite veinlets with K-feldspar selvages.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5412/144289_2fc5ff0e34a7890b_002.jpg

Plan Map Showing Location of Cross Section

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5412/144289_2fc5ff0e34a7890b_002full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5412/144289_2fc5ff0e34a7890b_003.jpg
Cross Section of 2022 Diamond Drilling

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5412/144289_2fc5ff0e34a7890b_003full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5412/144289_2fc5ff0e34a7890b_004.jpg

JM-01 @ ~47 metres showing chalcopyrite veins in Takla volcanics

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5412/144289_2fc5ff0e34a7890b_004full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5412/144289_2fc5ff0e34a7890b_005.jpg

JM-01 @ ~160 metres showing chalcopyrite rich breccia infill

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5412/144289_2fc5ff0e34a7890b_005full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5412/144289_2fc5ff0e34a7890b_006.jpg

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5412/144289_2fc5ff0e34a7890b_006full.jpgCannot view this image? Visit: https://images.newsfilecorp.com/files/5412/144289_2fc5ff0e34a7890b_007.jpg

JM-01 @ ~170 metres showing mineralized quartz breccia

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5412/144289_2fc5ff0e34a7890b_007full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5412/144289_2fc5ff0e34a7890b_009.jpg

JM-01 @ 167 metres showing mineralized quartz breccia

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5412/144289_2fc5ff0e34a7890b_009full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5412/144289_2fc5ff0e34a7890b_010.jpg

JM-02 @ ~170 metres showing mineralized quartz breccia

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5412/144289_2fc5ff0e34a7890b_010full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5412/144289_2fc5ff0e34a7890b_011.jpg

JM-02 @ ~295 metres showing copper mineralization

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5412/144289_2fc5ff0e34a7890b_011full.jpg

About Jean Marie

The Jean Marie property is a copper-molybdenum-silver-gold porphyry prospect located 50 km south of Northwest Copper's Kwanika Copper-Gold deposit and 50 km west of Centerra Gold's Mt. Milligan Copper-Gold Mine in central BC. The property covers over 12,000 hectares and has multiple mineralized zones which are open for expansion with drilling. Drill results demonstrate kilometer-scale base and precious metal mineralization over a large, under-explored property with multiple untested diamond-drill targets.

Drilling in the 1990's returned near surface intercepts of up to 244m of 0.28% copper, 0.007% molybdenum and 1.1 g/t silver, in a broad area located close to the pluton, volcanic contact. Two of the holes intercepted a distinct quartz breccia which returned up to 27 metres of 1.19% copper, and 5.74 g/t silver.

Historical diamond drilling was limited to a maximum depth of 288 metres below surface and mineralization remains unbounded at depth and along strike to the NW and SE. Of the 96 holes drilled on the property since the 1970's 76 are less than 130 metres in depth with numerous short holes that were mineralized over the entire length.

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. 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/144289

News Provided by Newsfile via QuoteMedia

PEMC:CA
Pacific Empire Minerals (TSXV:PEMC)

Pacific Empire Minerals


Keep reading...Show less
Pacific Empire Intersects Mineralized Breccia in Drilling at Jean Marie

Pacific Empire Intersects Mineralized Breccia in Drilling at Jean Marie

Pacific Empire Minerals Corp. (TSXV: PEMC) (OTCQB: PEMSF) ("Pacific Empire", "PEMC" or the "Company"), a British Columbia copper explorer, is pleased to announce that the mineralized breccia encountered in historical drilling at Jean Marie was encountered during the 2022 diamond drilling program and has successfully expanded the area of copper mineralization 200 metres to the northwest.

Diamond drilling at Jean Marie during 2022 was successful in intercepting copper mineralization in both diamond drill holes that were completed. Both drill holes were step-out holes from historical drilling at distances of 100 metres (JM22-01) and 200 metres (JM22-02) from historical drill hole 97-11. A total of 700 metres of drilling was completed in two holes. Laboratory assays have now been received and will be presented in detail in the coming days following a detailed review.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Pacific Empire Announces Commencement of Diamond Drilling at Jean Marie

Pacific Empire Announces Commencement of Diamond Drilling at Jean Marie

Pacific Empire Minerals Corp. (TSXV: PEMC) (OTCQB: PEMSF) ("Pacific Empire", "PEMC" or the "Company"), a British Columbia copper explorer, is pleased to announce that diamond drilling has now commenced at its flagship Jean Marie copper project, located in north-central British Columbia.

During 2021, PEMC completed a comprehensive exploration program at Jean Marie that was designed to incorporate all existing historical data on the property with data collected during the 2020 and 2021 exploration programs. As a result, PEMC has delineated 2 high priority drill targets for diamond drilling during the 2022 exploration season.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Pacific Empire Announces Acquisition of Col Copper-Gold Porphyry Project and Solidifies Regional Scale Land Position

Pacific Empire Announces Acquisition of Col Copper-Gold Porphyry Project and Solidifies Regional Scale Land Position

Pacific Empire Minerals Corp. (TSXV: PEMC) (OTCQB: PEMSF) ("Pacific Empire", "PEMC" or the "Company"), a British Columbia copper explorer, is pleased to announce that it has completed the acquisition of a 100% interest in the Col Property, which consists of 17 mineral claims spread over 6618 hectares 50 km southeast of Northwest Copper Corp.'s ("Northwest Copper") Kwanika Deposit and 50 km northwest of Centerra Gold Corp.'s ("Centerra Gold") Mt. Milligan Mine. Pursuant to the terms of a purchase agreement among PEMC, Indata Resources Ltd. and Nation River Resources Ltd. (together, the "Vendors"), PEMC acquired a 100% interest in the Col Property in exchange for granting the Vendors a 2% net smelter return royalty (the "NSR") on the claims, one-half (1%) of such 2% net smelter return royalty may be purchased for $500,000 by PEMC.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Pacific Empire Provides Exploration Update and Retains Atlas Drilling for Diamond Drilling at Jean Marie

Pacific Empire Provides Exploration Update and Retains Atlas Drilling for Diamond Drilling at Jean Marie

Pacific Empire Minerals Corp. (TSXV: PEMC) (OTCQB: PEMSF) ("Pacific Empire", "PEMC" or the "Company"), a British Columbia copper explorer, is pleased to provide an exploration update and to report that it has retained Atlas Drilling Ltd. of Kamloops British Columbia for diamond drilling at its Jean Marie property this summer. In addition, the Company is pleased to announce that it has finalized drill targets at its flagship Jean Marie copper porphyry project, located in north-central British Columbia.

During 2021, PEMC completed a comprehensive exploration program at Jean Marie that was designed to incorporate all existing historical data on the property with data collected during the 2020 and 2021 exploration programs. As a result, PEMC has delineated 2 high priority drill targets for diamond drilling during the 2022 exploration season.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Pacific Empire Provides Corporate Outlook

Pacific Empire Provides Corporate Outlook

Pacific Empire Minerals Corp. (TSXV: PEMC) (OTCQB: PEMSF) ("Pacific Empire", "PEMC" or the "Company"), a British Columbia copper explorer, is pleased to provide an overview of its achievements during the 2021 exploration season and a corporate outlook on upcoming exploration activities. Pacific Empire has strengthened its portfolio through staking prospective projects, converting its interest in the Stars property and the Red property to royalties and cash, and advancing our flagship Jean Marie project through systematic target development during 2021. The focus for 2022 will be at Jean Marie where permits have been submitted for diamond drilling at the two highest ranking targets. Partner-funded exploration at the Pinnacle project is expected to continue during 2022.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Forte Minerals Appoints New Independent Director

Forte Minerals Appoints New Independent Director

Forte Minerals Corp. ("Forte" or the "Company") (CSE: CUAU) (OTQB: FOMNF) ( Frankfurt : 2OA ) is pleased to announce the appointment of Mr. Richard Leveille to the Company's board of directors, bringing it to a total of five members.

CSE: CUAU (CNW Group/Forte Minerals Corp.)

Mr. Richard Leveille has an accomplished career that spans over forty years. He attended the University of Utah , graduated with a B.Sc. in Geology, and later completed his Master's in Geology from the University of Alaska.

His work experience progressed through companies such as AMAX, Kennecott, Rio Tinto, and Phelps Dodge . Notably, Mr. Leveille was also the Senior Vice President of Exploration for Freeport Copper & Gold, where he managed the team that helped add significant copper to reserves and made the Chukarui Peki discovery in Serbia, which shared the 2016 PDAC Thayer Lindsley International Mineral Discovery Award.

Since his retirement at Freeport in 2017, Mr. Richard Leveille has been working as a Consulting Geologist focusing on mineral exploration projects in Australia , South America , and the United States .

Forte is pleased to welcome Mr. Richard Leveille to the team. " Richard is a great addition and brings extensive mining industry expertise to the Company. We believe we've established a well-rounded group of professional board members and look forward to utilizing everyone's knowledge to generate shareholder value," said Patrick Elliott , President & CEO.

The Company has granted Mr. Richard Leveille 250,000 stock options with an exercise price of $0.20 , exercisable for five years.

ABOUT Forte Minerals CORP

The Company is committed to maximizing shareholder value through acquiring, exploring, discovering, and developing copper and gold projects in Perú. Moving rapidly along the line of opportunity towards a value maxima is very attractive to investors. Significant value growth is generated when early-stage exploration moves towards resource definition while zoning in on target development and eliminating the early-stage grassroots risk. All three of Forte's properties offer this opportunity, with tremendous upside considering their geological potential.

On behalf of Forte Minerals CORP.

(signed) " Patrick Elliott "
Chief Executive Officer

Certain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors.

Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions, including the effects of COVID-19. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements.

Neither the Canadian Securities Exchange (the "CSE") nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/forte-minerals-appoints-new-independent-director-301692177.html

SOURCE Forte Minerals Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2022/02/c0073.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Noble Mineral Closes Non-Brokered Private Placement

Noble Mineral Closes Non-Brokered Private Placement

(TheNewswire)

Noble Mineral Exploration Inc.

Toronto, Ontario TheNewswire - December 2, 2022 Noble Mineral Exploration Inc. ( "Noble" or the "Company" ) (TSXV:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) is pleased to announce the closing of its previously announced (see the news release dated November 15, 2022) non-brokered private placement (the " Private Placement ") whereby it raised gross proceeds of $562,500 (before fees and expenses) through the issuance of 6,250,000 flow-through common share units (" FT Units ") priced at $0.09 per unit. Each FT Unit was comprised of one common share issued as a "flow-through share" as defined in the Income Tax Act (Canada) and designated as a flow-through common share (" FT Share ") and one-half non-flow-through common share purchase warrant, each full warrant being exercisable for three years for one common share in the capital of the Company at an exercise price of $0.11 per common share.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
FPX Nickel Closes $12 Million Equity Investment From New Corporate Strategic Investor

FPX Nickel Closes $12 Million Equity Investment From New Corporate Strategic Investor

/THIS NEWS RELEASE IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES ./

FPX Nickel Corp. (TSXV: FPX), (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce that it has closed the private placement financing (the " Private Placement ") with a new corporate strategic investor (the " Strategic Investor "), as previously announced in the Company's November 29, 2022 news release.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Los Andes Copper Announces Election to Issue Common Shares in Satisfaction of US$14 Million Convertible Debenture Interest Payment Obligations

Los Andes Copper Announces Election to Issue Common Shares in Satisfaction of US$14 Million Convertible Debenture Interest Payment Obligations

Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") announces that in accordance with the terms of the US$5,000,000, US$4,000,000 and US$5,000,000 eight per cent convertible debentures issued to Queen's Road Capital Investment Ltd. ("Queen's Road Capital") on June 2, 2021, April 4, 2022 and September 2, 2022 (the "Convertible Debentures") the Company has elected to issue 10,172 common shares in the capital of the Company ("Common Shares") at a deemed price of US$10.28 (C$13.80) to Queen's Road Capital as payment for US$104,568 (C$140,304) in interest owing on the Convertible Debentures.

Under the terms of the Convertible Debentures, interest is payable quarterly, five per cent in cash and three per cent in shares, at the greater of: (i) the 20-day volume weighted average price prior to the interest payment date; or (ii) the Discounted Market Price (as such term is defined in the policies of the TSX Venture Exchange (the "TSX-V")).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
StrategX Reports Significant Mineralization in Drill Core at Nagvaak Project

StrategX Reports Significant Mineralization in Drill Core at Nagvaak Project

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company"), reports significant mineralization in drill core that resembles surface rock samples having returned high values greater than 1% nickel equivalent (NiEq) and 0.5% vanadium pentoxide. Approximately 1,000m of well-preserved stored core from a 1996 drill program completed by BHP at Nagvaak was logged in detail with a focus on identifying mineralized intervals for energy transition metals. The previous drill program by BHP focused on exploring for zinc mineralization outlined by a gravity anomaly and multiple EM conductors central to the Nagvaak target area. The Company's exploration program confirmed the location of the BHP drillhole collars and incorporated the drill holes and recently completed ground geophysical survey results into a sectional interpretation (see news release dated October 14th, 2022). Utilizing a handheld XRF spectrometer, the StrategX exploration team identified mineralized zones anomalous in nickel, vanadium, cobalt, copper, molybdenum, and silver. A total of 354 drill core samples were taken and sent to SRC laboratory for assaying.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Sokoman and Benton Channel Samples up to 13.57% Cs2O and Confirm High-Grade Cesium Discovery at the Golden Hope Joint Venture, Southwestern Newfoundland

Sokoman and Benton Channel Samples up to 13.57% Cs2O and Confirm High-Grade Cesium Discovery at the Golden Hope Joint Venture, Southwestern Newfoundland

Channel sampling at the Hydra Zone returns up to 13.57% Cs2O

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) ("Sokoman") and Benton Resources Inc. (TSXV:BEX) ("Benton") together, (the "Alliance") are pleased to announce that recent channel sampling at the cesium dyke prospect has confirmed a potentially significant high-grade cesium discovery dubbed the Hydra Zone, on the Golden Hope Project in southwestern Newfoundland

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×