Vancouver, British Columbia–(Newsfile Corp. – April 10, 2018) – Pacific Empire Minerals Corp. (TSXV: PEMC) (“PEMC” or the “Company”), a hybrid prospect generator focused in British Columbia, is pleased to announce that partner-funded diamond drilling has recommenced on the Stars copper property (the “Property” or “Stars”) in central British Columbia.
“Having multiple ongoing drill programs has always been an objective for us,” commented Brad Peters, President and CEO of PEMC. “We are pleased to see our partner commencing a second round of diamond drilling following positive results from the initial diamond drilling campaign and information gathered from an airborne magnetic survey.”
The current drilling program intends to test magnetic targets within the recently identified (approximately 1 km in diameter) Central Area and expand the newly discovered Zone 4 where ML Gold Corp.’s (TSXV: MLG) (“ML Gold”) recent drill hole DD18SS04 intersected 204 metres at 0.5% copper equivalent from surface (see ML Gold news release dated Feb 28, 2018).
Figure 1: 2018 Partner-Funded Diamond Drilling and Airborne Magnetics at the Stars Copper Property
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Current Drilling Targets at the Stars Property
Central Area — a broad (approximately one-kilometre diameter) newly identified circular magnetic low area with several inlying circular magnetic high anomalies. The Central Area is interpreted as a hydrothermal cell associated with a porphyry system and has the potential to host the core of said system.
Zone 4 — a newly discovered zone identified on the margin of the main intrusion where mineralization has been identified in both the volcanic and intrusive rocks. Zone 4 shows significant similarities to the mineralization style and setting of the Huckleberry mine 60-kilometres to the south, where the primary ore body is located marginal to and not within the intrusion.
ML Gold’s current drilling will be collared from existing areas of disturbance aimed to test new areas while it awaits the near-term granting of permits for new drill sites allowing for greater step-out drilling locations.
Additional information on the Company and its projects can be found on SEDAR at (www.sedar.com), and on the Company’s website at www.pemcorp.ca. You may also email [email protected]pemcorp.ca or call Investor Relations at (604) 356-6246.
Rory Ritchie, P.Geo., is the Company’s 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. Mr. Ritchie is not independent of the Company as he is a consultant to the Company, a shareholder and holds incentive stock options.
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
President and Chief Executive Officer
Pacific Empire Minerals Corp.
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.
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, statements about the planned exploration of the Ashley Gold mine, 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.