Pacific Empire Minerals Consolidates Land Position Following Prospector Find
Pacific Empire Minerals Consolidates Land Position Following Prospector Find
December 18, 2018 - Vancouver, BC, Canada - 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 it has entered into an option agreement with a group of vendors
and subsequently consolidated a significant land position of over 90 square kilometers in the Babine
Copper-Gold Porphyry district in central British Columbia. The amalgamated “Paragon Project” combines
the Company’s Wasp Property, the recently optioned “Nilkitkwa Property” and prospective ground staked
by the Company.
Highlights
• PEMC signs option agreement to acquire 100% interest in certain mineral claims, where ongoing
logging operations have exposed copper mineralization and quartz-sericite-pyrite alteration
• PEMC stakes additional ground and consolidates land position to form Paragon Project
• Recent due diligence outcrop sampling by PEMC from Nilkitkwa Property returns up to 1.9 %
copper
About the Paragon Project
The 9,099 hectare Paragon Project covers four copper ± gold prospects in central British Columbia and is
within 30 km of three copper-gold porphyry deposits, including the past-producing Bell and Granisle Mines
and the advanced Morrison copper -gold porphyry deposit. These deposits are genetically and spatially
associated with Biotite Feldspar Porphyry (”BFP”) dikes. PEMC is targeting analogous geology at the
various prospects situated within the Paragon Property boundary. Results from due diligence rock sampling
program at the Nilkitkwa Property are summarized below.
Table 1. Outcrop grab samples from Nilkitkwa Property.
Sample ID UTM East UTM North Cu (%)
2095402 651117 6097944 1.89
2095403 651123 6097956 0.20
The four copper ± gold prospects consist of the Rebinsky, HOL, Wasp and Big Joe prospects. The
Rebinsky prospects, which are the focus of the ground within the option agreement, cover multiple
sulphide showings that were recently uncovered during ongoing logging activities. In the northern
portion of the Nilkitkwa Property, extensive quartz -sericite-pyrite +/- magnetite alteration exists
proximal to a covered magnetic anomaly. In the southern portion of the property, copper
mineralization is found in a recently exposed rock quarry where it consists of localized chalcocite
coating chalcopyrite and pyrite grains which are disseminated and filling fractures in chlorite -
carbonate altered andesitic volcanics.
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At the HOL prospect, a 1,500 m x 600 m copper-molybdenum soil anomaly is coincident with a strong IP
chargeability anomaly immediately adjacent to a major northwest trending fault. Historical drilling at the
southeastern margin of this area encountered copper mineralization associated with BFP dikes, though
assay results were not reported. Historical drilling at the Wasp prospect encountered anomalous copper as
disseminated and fracture filling pyrite -chalcopyrite associated with BFP dikes. The Big Joe prospect
consists of two historical trenches over 1 km apart where copper as chalcopyrite +/- bornite was encountered
and found to be associated with northwest trending structures.
The Paragon P roject is ideally suited for PEMC’s reverse circulation drill and the Company will be
developing and refining targets for intended drill testing in 2019.
Details with respect to the consideration payable for the acquisition of 6 claims totaling 630 hectares are as
follows:
Table 2. Option agreement terms.
Timing Cash Payments * Share issuances
Upon signing $5,000 -
First anniversary of Effective Date $5,000 50,000
Second anniversary of Effective Date $10,000 100,000
Third anniversary of Effective Date $20,000 150,000
Fourth anniversary of Effective Date $25,000 200,000
TOTAL = $65,000 500,000
The vendors of the property hold a 2% net smelter royalty (“NSR”). The Company may purchase one half
of the NSR at any time from the vendors for $1,500,000. *
* Dollar amounts expressed in Canadian dollars
This property acquisition remains subject to approval of the TSX Venture Exchange. Any
securities issued as consideration under this option agreement will be subject to a statutory hold
period of four months and one day from the date of issuance.
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Figure 1. Location map – Paragon Project.
About the Babine Copper-Gold Porphyry District
The most significant deposits and occurrences in the Babine Lake area are temporally and spatially related
to Eocene (50 Ma) Babine intrusions. These host more than a dozen deposits and occurrences in addition
to the past producing Bell and Granisle open -pit mines which processed 130 million tonnes with average
recovered grades of 0.40% copper and 0.15% gold between 1966 and 1992.
Babine intrusions occur as small stocks, plugs and dike swarms emplaced along northwest-trending regional
faults developed in arc-derived Mesozoic volcanic and sedimentary assemblages. The dominant hostrock
for copper-gold mineralization is a distinctive, fine- to medium-grained, crowded biotite feldspar porphyry
(BFP) of granodiorite composition. Copper-gold mineralization occurs as chalcopyrite and bornite within
narrow quartz-filled fractures and stockworks and as disseminations within and marginal to BFP intrusions.
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Although most of the known porphyry deposits and occurrences were found by basic prospecting and
stream sediment geochemistry, subsequent exploration in the Babine area has been hampered by extensive
glacial overburden cover.
Pacific Empire’s President , Brad Peters , added: “We are excited to continue building our portfolio
through a combination of staking and strategic option agreements. The Paragon Project is a good example
of the type of projects PEMC intends to pursue moving forward and we look forward to advancing the
project in 2019.”
QA/QC Procedures
Rock samples were collected from outcrop placed in polyethylene sample bags before being sealed and
subsequently shipped to MS Analytical in Langley, BC.
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
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.
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Forward-Looking Statements
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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
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