Company
OTCMKTS: PEMSF
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.
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Data will be integrated with geology and geochemistry to map structure, alteration, and lithology to guide Pacific Empire’s exploration efforts
The polymetallic Jean Marie is a copper, gold, silver and molybdenum porphyry project located in central British Columbia
The copper explorer said it issued around 4.83 million units at a price of $0.06 each in the second tranche, raising $289,999
The copper explorer issued 16,275,898 units at a price of C$0.06 each, it said in a statement
Hawkins has an expertise in copper porphyry systems, which is expected to help Pacific Empire Minerals develop its Jean Marie project
The drilling program last year comprised 15 reverse circulation holes and was focused on the northern 'A' zone
1111 Acquisition Corp will receive an exclusive option to earn up to a 70% interest in the 14,040 hectare asset
CAVU Mining will need to complete C$1.0 million in exploration expenditures as well as pay Pacific Empire Minerals cash and stock to earn up to a 100% interest in the project
In all, the group said, 27 reverse circulation holes were sunk across all three properties this year, with assays expected from Jean Marie before the end of 2020
George Cavey and Douglas Cavey along with Jennifer Roskowski have been appointed as technical advisors
The permit covers 100 reverse circulation and 20 diamond drill holes at the group's flagship project
The prospect generator group assayed 8.79 g/t gold, 86.6 g/t silver and 1.75% copper
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A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
"As we gear up to drill the Jean Marie property in the coming weeks, we are excited to test the highly compelling T1 target at Weedon," Pacific Empire's CEO Brad Peters told investors
The prospect generator revealed it has inked a non-binding letter of intent to grant 1111 Acquisition Corp an exclusive option to earn up to a 70% interest
Jean Marie is located in British Columbia around 50 kilometers west of the Mt. Milligan copper-gold mine
"We always believed there was potential for significant gold mineralization at Jean Marie and these initial results clearly support this," said CEO Brad Peters
Schloo has more than eight years' experience in capital markets, operations, and assurance across various industries
Drill targets include an area that saw limited drilling in the past, with reported values grading up to 0.4% copper over 10.4 metres
The funds will go towards exploration and drilling programs at its Worldstock, Weedon and recently acquired Jean Marie copper-gold porphyry projects in British Columbia
