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Pacific Empire Announces Focus on its Pinnacle Porphyry Project

Mining News - Published on Fri, 16 Aug 2019

Image Source: pemcorp.ca
Pacific Empire Minerals Corp, a hybrid prospect generator focused on gold-rich copper projects in British Columbia announces that based on continued weak copper performance and improved gold price, the Company will focus its ongoing 2019 exploration efforts advancing its 100% owned Pinnacle Porphyry Project. The Pinnacle Porphyry Project covers over 14,000 hectares and incorporates the Company's NWT and Pinnacle Reef properties into one contiguous land position. All necessary permits have been submitted and induced polarization surveys are expected to begin shortly. Reverse circulation drilling is intended for the fall and winter.

New Priority Drill Targets at Pinnacle

From 2014 through 2017, partner-funded exploration resulted in a total of 14 diamond drill holes and four Induced Polarization surveys on the property. At the Elbow Zone, five of the six diamond drill holes were sent for laboratory analysis and all five of these holes returned anomalous gold, highlighted by 94 metres grading 0.34 g/t gold in DD15ELB001. At the Sooner Zone, where diamond drilling in 2015 encountered broad intervals of anomalous copper, no further drilling was completed. Both of these areas have been prioritized for follow up RC drilling in 2019.

PEMC acquired the Pinnacle Reef property through staking in 2012. Since 2014, the property has seen over USD 2,000,000 in partner-funded exploration. During 2014, a total of 44 line-km of IP surveys were completed over three target areas on the Pinnacle Reef property, by previous partner Oz Exploration Pty Ltd. This program identified three areas of anomalous chargeability, two of which (Elbow and Sooner) were prioritized for follow up diamond drill testing in 2015, one (Later) remains untested. In 2015, the Elbow and Sooner target areas were tested with diamond drilling by OZE with six holes totaling 2,493 m. Additional drilling was completed during 2016 by ML Gold at the Elbow Zone with three diamond drill holes totaling 1,107 m. Similar to the 2015 drill results, anomalous gold intercepts were associated with localized phyllic alteration at the Elbow Zone.

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Posted By : Sanju Moirangthem on Fri, 16 Aug 2019
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