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Pacific Empire Minerals Corp
Symbol PEMC
Shares Issued 125,348,195
Close 2024-04-01 C$ 0.065
Market Cap C$ 8,147,633
Recent Sedar Documents

Pacific Empire completes MT survey at Trident, Pinnacle

2024-04-01 10:37 ET - News Release

Mr. Brad Peters reports

PACIFIC EMPIRE ANNOUNCES COMPLETION OF MOBILE MAGNETOTELLURIC SURVEY AT TRIDENT AND PINNACLE

Pacific Empire Minerals Corp. has completed an airborne MobileMT survey at its 100-per-cent-owned Trident and Pinnacle copper-gold projects in the South Hogem copper-gold belt.

Highlights:

  • The completed survey totals 164 line kilometres and provides coverage of primary target area at its Trident property (historical assays at Trident, which include DDH-1971-13: 70.07m @ 0.69% Cu, DDH 2007-2: 100.00m @ 0.59% Cu and 0.18 g/t Au including 2.00m @ 2.73% Cu and 0.36 g/t Au).
  • The MT survey also covered an additional target located on PEMC's 100% owned Pinnacle Property situated directly west and adjacent to the Trident.
  • Utilization of this modern geophysical dataset will facilitate the identification and prioritization of target areas for drilling currently anticipated during the Summer/Fall 2024 exploration season.
  • MagnetoTelluric (MT) survey method capable of detecting basement electromagnetic (EM) conductors and anomalous resistivity zones which are indicative of potential copper-gold porphyry systems.

"We anticipate preliminary data and preliminary results in the coming days," commented Brad Peters, President, CEO & Director of Pacific Empire. "This will be followed by a series of digital data sets which will be followed up with complex data analysis and targeting by our technical team and the team at Expert Geophysics. Copper bearing porphyry systems are an ideal target for MobileMT. Fault contacts and fault associated conductive zones, highly resistive wedges of mineralizing intrusions and potassic alteration zones are very well identified and defined using the MobileMT exploration technique with great spatial, depth and resistivity resolution. We look forward to being able to see to depths of over one kilometre beneath the surface at our 100% owned Trident and Pinnacle projects, west of Centerra Gold's operating Mount Milligan copper-gold mine. Our objective is to identify potential "plumbing systems, "because if you are looking for large copper deposits you need a large plumbing system."

Mobile MT Survey

The purpose of the survey is to identify conductivity/resistivity anomalies that may represent conduits for hydrothermal fluids critical in the formation of porphyry copper-gold deposits. These conduits have the potential to represent critical plumbing systems responsible for the formation of copper porphyry deposits. The gathering of both resistivity and conductivity imaging of the surface to a depth of 1 km through deploying an airborne MobileMT (Mobile MagnetoTellurics) system will provide key information pertaining to source fluid conduits and structures. This important step will provide valuable insights and aid to further both known and unknown exploration targets destined for follow up diamond drilling programs.

In addition, complimentary VLF (Very Low Frequency) data will be collected and interpreted to provide valuable near surface EM (Electromagnetic) information. The survey conducted approximately 164 line-km's using a 200 m line spacing grid.

The final data processing, colour imaging and mapping will be performed at EGL's offices in Toronto, Canada. Final results and resulting products are expected to be available to the PEMC exploration team over the coming weeks.

About mobile magnetotelluric surveys

The latest development in the airborne MobileMT system provides a depth of investigation from near surface to over one kilometre and detects resistivity variations across a wide range, encompassing conductive targets and structures as well as highly resistive ones.

Porphyry and epithermal mineralization systems develop in conditions of active subduction, and they are characterized by a wide variety of structural, lithological and alteration patterns, which, at least partially, can be depicted in geoelectrical images.

About Trident

The Trident property is an exploration-stage property hosting an alkalic porphyry copper-gold-silver prospect with district-scale potential that is accessible by vehicle. The property is located approximately 50 kilometres to the southeast of Northwest Copper Corp.'s Kwanika deposit and 50 kilometres to the northwest of Centerra Gold's Mount Milligan mine. The property covers 6,618 hectares and is endowed with well-established logging roads, providing important and efficient access for exploration programs.

Copper mineralization on the property was first discovered in 1969, while exploration crews were following up on anomalous stream sediment samples. The following year, Falconbridge optioned the property and, over the next two years, completed IP (induced polarization) and magnetic surveys, geological mapping, soil sampling, and diamond drilling. This work led to the discovery of the A zone.

Additional exploration programs were completed by Kookaburra Gold Corp. from 1988 through 1991, Solomon Resources Ltd., from 2006 through 2008. In 2013, Pacific Empire optioned the property and, in 2014, in turn, Pacific Empire optioned the property to Oz Minerals, which completed that same year an IP survey and completed a two-drill-hole diamond drill program at Trident.

In 2022, Pacific Empire acquired a 100-per-cent interest in the property in exchange for granting the vendors a 2-per-cent net smelter return royalty. One-half (1 per cent) of the 2-per-cent net smelter return royalty may be purchased for $500,000 by Pacific Empire.

Prior to 2014, known mineralization on the property was believed to be associated with fracture and/or shear zones structures striking 120 degrees and dipping 75 degrees toward the northeast. A review of historical drill core by the Pacific Empire exploration team has led to a much different interpretation with respect to the nature of known mineralization on the property. The most important observation was the determination of the presence of hornblende-feldspar monzonite porphyry intrusions detected within drill core obtained from the A zone. These types of porphyry intrusions are typically characterized by sheeted quartz sulphide veins and disseminated chalcopyrite and bornite residing immediately adjacent to and within the porphyry dikes. Other observations include: The highest grades noted in historical drilling can be seen to be directly associated with intervals where such porphyry intrusions occur.

"Between our 100-per-cent-owned Trident and Pinnacle projects runs the Klawli River. The gold flakes and nuggets in the vial displayed on the map were collected from that location on the Klawli River. It is this and other geochemical evidence gathered by the PEMC exploration team which leads us to postulate the potential for a gold-enriched copper system nearby on either Trident, Pinnacle or possibly both projects. To date, visible gold has been observed in outcrop at Trident, placer gold discovered in the nearby Klawli River gravels and as well gold detected in drill core from Pinnacle. All three of these known occurrences of gold and their respective locations suggests there may be a shallow buried, large-scale, gold-enriched copper porphyry deposit within our district-scale land package," commented Mr. Peters.

About Pinnacle

The Pinnacle project is located 60 kilometres to the west of Centerra Gold's Mount Milligan copper-gold mine and 30 kilometres to the southeast of Northwest Copper's Kwanika copper-gold deposit in a proven copper-gold porphyry district. Access to the Pinnacle project is by road, including a new and expanding network of logging roads and trails throughout the main target areas. This improved access is a major development and is anticipated to contribute to cost-effective drill support and bedrock exposure.

"Over the past two years, significant logging operations have developed an extensive road network that now covers the entirety of the southern half of the property, providing new outcrop exposure and efficient access. The 2023 forest fires dramatically affected the property, resulting in significantly improved access to the property," commented Mr. Peters.

Qualified person

Kristian Whitehead, PGeo, 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.

Pacific Empire is a copper exploration company based in Vancouver, B.C., and trades on the TSX Venture Exchange under the symbol PEMC. The company has a district-scale land position in north-central British Columbia totalling 22,541 hectares.

British Columbia is a green copper jurisdiction with abundant hydroelectric power, access and infrastructure in close proximity to the end market.

We seek Safe Harbor.

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