Pacific Imperial Options, Drill Permitted Trek 31 Project
143993\4851-3042-4270
PACIFIC IMPERIAL OPTIONS, DRILL PERMITTED TREK 31 PROJECT
Vancouver, British Columbia/ October 13, 2020 – Pacific Imperial Mines Inc. (TSX.V: PPM)
(“Pacific Imperial” or the “Company”) is pleased to announce that it has entered into an Option
Agreement with Orogen Royalties Corp. (TSX.V: OGN) (“Orogen”) whereby Pacific Imperial
can earn up to an 100% interest in the five claim , 94 km 2, TREK 31 project situated in the
Nechako Plateau of central British Columbia . The TREK 31 project is targeting a gold-rich
porphyry/epithermal deposit and is located 30 km northeast of the Blackwater Gold Deposit
which was recently acquired for +$210M by Artemis Gold. The TREK 31 area is road
accessible, 80 km south of Vanderhoof, B.C. in an area of historic and current mine development
(Figure 1). TREK 31 was staked in 2018 and is owned 100% by Orogen with no underlying
royalties or encumbrances . Upon signing of the option agreement, Pacific Imperial will assume
management of the project.
TREK 31 Property Highlights
• TREK 31 covers one of the largest and strongest geochemical gold-in-till anomalies
identified by Geoscience BC’s $4.0 million government funded TREK regional initiative;
• Early exploration by Orogen outlined a 2,300 by 900 metre gold -in-till anomaly situated
down ice of a major structural break between rocks of the Stikine Terrane and a magnetic
high, interpreted to be volcanic and intrusive rocks of Eocene age , in addition, other
targets are identified for follow up [1];
• The exploration target is a Blackwater -like deposit characterized by extensive quartz -
sericite-pyrite alteration with significant geochemical and geophysical footprints [1];
• Further till sampling and an approximately 12 line-km Induced Polarization survey to
begin shortly with 20-hole drill program permitted and planned for early 2021.
Pacific Imperial President and CEO Chris McLeod said: “Artemis Gold’s recent purchase of the
Blackwater Project from New Gold has revitalized exploration in the Interior Plateau of B.C. The
discovery of Blackwater in 2009 highlighted the potential for Eocene and older age rocks to host
bulk-tonnage precious metal deposits. The TREK 31 Project has a similar geological setting and
has geochemical indicators to the Blackwater deposit.
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Further technical information on the TREK 31 project will be provided in a subsequent press
release.
About the TREK 31 Option Agreement
Under the terms of the Agreement, Pacific Imperial can earn a 100% interest in the TREK 31
project by completing the following:
Time Aggregate Exploration
Expenditures (CDN)
Cash
(CDN)
October 6, 2020 (Effective Date) - -
Within 6 months of Effective Date
$20,000*
1st Anniversary of Effective Date $300,000 $30,000
2nd Anniversary of Effective Date $1,000,000 $50,000
3rd Anniversary of Effective Date $1,500,000 $100,000
4th Anniversary of Effective Date $2,000,000 $100,000
5th Anniversary of Effective Date $3,000,000 $1,000,000
TOTAL $3,000,000 $1,300,000
* Firm commitment, all other payments are at the option of Pacific Imperial.
Providing that Pacific Imperial continues to make cash payments and exploration milestones on
the anniversary dates it will earn a 100% interest in the TREK 31 project, subject to a 3.0% NSR
royalty in favor of Orogen. Pacific Imperial may purchase 1% of the NSR royalty for
$3,000,000. Orogen will also be entitled to annual Advance Royalty Payments (“ARP”) of
$50,000 p er year commencing on the fifth anniversary of the Effective date. All amounts
provided as advance royalty payments will be deductible against the NSR Buydown Amount.
Quality Assurance/Quality Control
Samples were taken and delivered by Orogen to ALS Global in Terrace, BC for sample
preparation and to the ALS laboratory in North Vancouver for analysis. The ALS facilities have
910-850 WEST HASTINGS ST. VANCOUVER, BC, CANADA V6C 1E1
TEL: 604.248.8648 FAX: 604.248.8663 WWW.EVRIMRESOURCES.COM
TSX-V: EVM
NEWS RELEASE
Neither 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.
Evrim advances the TREK 31 property in British Columbia
Vancouver, B.C. February 18, 2020 (TSX-V: EVM) Evrim Resources Corp. ("Evrim" or the "Company") is pleased to
introduce its TREK 31 property in the Nechako Plateau of British Columbia. TREK 31 is a gold-rich porphyry/epithermal
target located 30 kilometres northeast of New Gold Inc.’s Blackwater gold-silver deposit (year-end 2018 reserves of
8.2M ounces of gold and 60.8M ounces of silver1). The property was identified by Evrim using data from Geoscience
BC’s TREK initiative and staked in 2018.
TREK 31 Property Highlights
TREK 31 covers one of the largest and strongest geochemical anomalies identified in Geoscience BC’s $4.0
million TREK initiative
Early exploration by Evrim has outlined a 2.3 kilometre by 900 metre gold-in-till anomaly situated down ice
of a major structural break between rocks of the Stikine Terrane and magnetic rocks interpreted to be
volcanic and intrusive rocks of Eocene age
Potential for a Blackwater like exploration target marked by extensive quartz-sericite-pyrite alteration with
identifiable geochemical and geophysical footprints
Dave Groves, Vice President of Exploration for Evrim commented, “The acquisition of TREK 31 is the result
of using government funded exploration initiatives and evolving exploration models to generate new
exploration targets. Blackwater-Davidson validates the presence of large gold-silver systems in the
Nechako Plateau, and additional discoveries are likely using the TREK data sets and effective geochemical
and geophysical programs.”
Figure 1: TREK 31 Location Map.
Blackwater-Davidson deposit
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ISO/IE 17025:2005 certifications. Two blank samples and two standards (OREAS 45E) were
inserted into the ALS sample stream. [1]
Qualified Person Statement
Pacific Imperial Mines disclosure of technical and scientific information in this news release has
been reviewed by Peter Holbek, Director, Pacific Imperial Mines Inc. Mr. Holbek, B.SC (Hons),
M.Sc. P. Geo. is the qualified person as defined by National Instrument 43-101 and has approved
the technical information in this release.
About Pacific Imperial Mines
Pacific Imperial is a mineral exploration company based in Vancouver, Canada, engaged in the
acquisition, exploration, evaluation and development of mineral properties in an acceptable risk
environment.
The company’s current focus is on the acquisition of gold and base metal properties.
About Orogen Royalties Corp.
Orogen Royalties Inc. is focuse d on precious and base metals project generation and royalty
creation in western North America. Orogen’s royalty portfolio includes the Ermitaño West gold
deposit in Sonora, Mexico being developed by First Majestic Silver Corp. and the Silicon gold
project in Nevada, USA, being advanced by AngloGold Ashanti, NA. The Company is well
financed with several additional projects under active joint ventures and alliances.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ “Chris McLeod“
Chris McLeod, President
For further information please contact:
Roman Shklanka, Chairman, at 604-649-6195, or Chris McLeod, President, at 604-669-6332
Email: [email protected]
Neither 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.
1. Orogen Royalties Corp. Press Release February 18, 2020.
2. Van Geffen, P. (2017): Enhanced Geochemical Signal in the Ultra -Fine Fraction of Tills
from the Trek Project. Presentation at the BC Geoscience TREK workshop, October 17,
2017.
Forward Looking Information
This news release includes certain statements that may be deemed "forward looking statements".
All statements in this news release, other than statements of historical facts, that address events or
developments that Pacific Imperial Mines I nc. (the "Company“) expects to occur, are forward
looking statements. Forward looking statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects", "plans", "anticipates", "believes",
"intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur.
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Although the Company believes the expectations expressed in such forward looking statements
are based on reas onable assumptions, such statements are not guarantees of future performance
and actual results may differ materially from those in the forward looking statements. Factors that
could cause the actual results to differ materially from those in forward looki ng statements
include market prices, exploitation and exploration successes, and continued availability of
capital and financing, and general economic, market or business conditions. Investors are
cautioned that any such statements are not guarantees of fu ture performance and actual results or
developments may differ materially from those projected in the forward looking statements.
Forward looking statements are based on the beliefs, estimates and opinions of the Company’s
management on the date the statem ents are made. Except as required by securities laws, the
Company undertakes no obligation to update these forward looking statements in the event that
management's beliefs, estimates or opinions, or other factors, should change.
A number of mineral resour ces or significant occurrences disclosed herein relate to nearby
properties owned by other companies, and the data presented have been extracted from these
companies’ press releases and websites. A Qualified Person has been unable to verify this
information from the adjacent properties, and such results are not necessarily indicative of
potential quantities or grades of mineralization on the Company’s properties.