Pacific Empire Minerals Options Topley Richfield Property, Central British Columbia
Pacific Empire Minerals Options Topley Richfield Property, Central British
Columbia
May 14, 2019 - 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 to acquire a 100% interest in the
Topley Richfield Property located in the Babine Copper-Gold Porphyry district in central British Columbia.
The Topley Richfield Property covers 2,270 hectares and is contiguous with PEMC’s Bulkley Property
located 45 km south of the past-producing Bell and Granisle copper-gold porphyry deposits.
About the Topley Richfield Property
Historical work conducted on the Topley Richfield Property includes over 10,000 metres of drilling,
multiple ground based geophysical and geochemical surveys, and historical production from two
underground levels, initiated in 1927. Historical production and exploration was focused on a polymetallic
(Au-Ag-Cu-Pb-Zn) vein system which remains open along strike to the south, and open down plunge .
PEMC has identified peripheral copper ± gold porphyry targets to the east and west of the polymetallic vein
system that remain underexplored to date.
Details with respect to the consideration payable for the Topley Richfield Property acquisition are as
follows:
Table 1. Option agreement terms.
Timing Cash Payments * Share issuances
Upon signing $10,000 100,000
First anniversary of Effective Date $30,000 200,000
Second anniversary of Effective Date $50,000 200,000
Third anniversary of Effective Date $50,000 200,000
Fourth anniversary of Effective Date $50,000 300,000
TOTAL = $190,000 1,000,000
The vendors of the property will be granted a 3% net smelter royalty (“NSR”). The Company may purchase
the NSR, in whole or in part at any time, with each 1.0% purchasable for $1,000,000. For clarity, the NSR
Royalty may be purchased by the Optionee in full at any time for $3,000,000.
* 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.
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 additio n
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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 g/t 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 host rock
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.
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.
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.
Forward-Looking Statements
Information set forth in this news release may involve f orward-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 st atements of historical fact, included herein including, without
limitation, 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, per formance or
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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 of ficers, 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 t hat 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.