Vancouver, British Columbia--(Newsfile Corp. - July 3, 2019) - Pacific Empire Minerals Corp. (TSXV: PEMC) (OTCQB: PEMSF) ("Pacific Empire", "PEMC" or the "Company"), a hybrid prospect generator focused in British Columbia is pleased to announce the start of reverse circulation drilling at the Bulkley Initiative, consisting of four project areas in the Babine Copper-Gold Porphyry District. The Company is also pleased to provide an update on exploration activities at its Worldstock and NWT projects.
Following the completion of initial geochemical and seismic surveys, reverse circulation drilling is now underway at the Bulkley Initiative group of projects, consisting of the Bulkley, Sat, Paragon and Topley Richfieldd projects. The Company's reverse circulation drill is currently testing geophysical targets on the Bulkley project, which will be followed by reverse circulation drilling at the Sat, Paragon and Topley Richfield projects over the coming months. This initial drill program consists of approximately 100 field days, with the Company planning to complete up to 50 reverse circulation drill holes testing numerous drill targets in up to a dozen high priority target areas across the district.
Figure 1 - PEMC's Bulkley Initiative Project Areas
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"We are excited to begin drilling this year after incorporating passive seismometer technology and a modified casing system into our drilling workflow," commented Pacific Empire's President and CEO, Brad Peters. "As we continue to drill test copper-gold targets, it is important that we always strive for greater efficiencies, increased production and ultimately, discovery. Our singular focus is the discovery of large, gold-rich copper deposits in central British Columbia and the more holes we drill the better our chances of a discovery."
Figure 2 - 2019 Reverse Circulation Drill at the Bulkley Project
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Airborne Magnetic Survey Completed at the NWT Project
An airborne magnetic survey has been completed on the 5,712 hectare NWT Project, located 20 kilometres to the east of Serengeti Resources' Kwanika Project. The 340 line-km survey was flown with 200-metre spaced lines and covered the entire property. The survey was successful in providing a much greater level of detail than existing government-funded regional magnetic surveys. Initial results suggest the property is centered on an area with a complex magnetic signature cut by numerous northeast trending structures. Follow up seismic and geochemical surveys are planned in the coming months.
Pacific Empire's, Brad Peters, added, "The results from the airborne survey are exactly what we were hoping for. Previous airborne magnetic surveys in the area were flown at lower resolution and the level of detail in areas with a subdued magnetic signature was of limited use. This survey provides the level of detail necessary to begin developing targets."
Figure 3 - NWT Before Detailed Magnetics
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Figure 4 - NWT After Detailed Magnetics
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Preliminary Geochemical Survey Completed at the Worldstock Project
A preliminary soil geochemical survey has also been completed at the recently acquired Worldstock Project in south-central British Columbia. The initial geochemical survey collected a total of 735 soil samples and built upon historical geochemical surveys. Field geologists noted an abundance of pyrite and localized chalcopyrite within quartz-sericite altered andesites, though rock exposures are limited on the property. Analytical results are pending.
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 and on the OTCQB Markets under the symbol PEMSF.
By integrating the project generator business model with low-cost reverse circulation 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.
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