Pacific Imperial Provides an Exploration Update ON the Drill-Readytulameen-Granite Creek Project
PACIFIC IMPERIAL PROVIDES AN EXPLORATION UPDATE
ON THE DRILL-READYTULAMEEN-GRANITE CREEK
PROJECT
Vancouver, British Columbia/ February 1, 2022 – Pacific Imperial Mines Inc. (TSX.V: PPM)
(“Pacific Imperial” or the “Company”) is pleased to provide an update on recent exploration
work conducted on the Tulameen-Granite Creek (“TGC”) project. TGC comprises four claims
totaling 2808 hectares (28 km2) located 22 km southwest of the town of Princeton and 18 km west
of the operating Copper Mountain copper-gold (“Cu/Au”) mine in southern British Columbia. The
project is in an area with excellent infrastructure and is targeting Cu-PGE sulphide mineralization
in the Alaskan-type, Tulameen Ultramafic Complex (“TUC”).
Commenting on the exploration results, Chris McLeod, President of Pacific Imperial stated, “We
are very pleased with the results obtained from the 2021 exploration program on the TGC. The
program included soil geochemistry, ground loop-EM geophysical surveys, geological mapping,
and prospecting on claims located along the western margin of the TUC. Soil sampling within
deep till overburden defined linear trends coincident with the two major conductors identified
through a ground-based Time Domain Electromagnetic (“TDEM”) survey. We plan to test the
conductors with a drill program in the spring of 2022. All necessary permits have been received”.
Exploration of the Tulameen Ultra-Mafic Complex
The TUC is the largest known ultramafic complex in North America, covering more than 64 km2.
At the turn of the 20th century the Tulameen area was historically known as a major placer
platinum producer with the TUC recognized as the bedrock source for these placer platinum
deposits. Granite Creek was a significant placer gold producer, but the bedrock source is
unknown. Exploration work by major and junior mining companies within the TUC has
historically focused on the potential bedrock sources for platinum, palladium, and copper deposits.
However there is no documentation of significant exploration work taking place in the western
margin of the TUC. Deposit styles consistent with the geology of the western TUC would include
the Aguablanca deposit, Spain (15.7 Mt of 0.66% Ni; 046% Cu) and the Selabi-Phikwe deposit,
Botswana (31 Mt of 1.36% Ni and 1.12% Cu), as well as the past producing Giant Mascot mine,
located 57 km WNW of the TGC project which was mined from 1958 to 1974 and produced ~4.2
Mt of ore grading 0.77%Ni and 0.34% Cu.
In 2008, a Fugro helicopter-borne frequency-domain electro-magnetic (“EM”) survey defined a
strong, 1.2 kilometer strike-length EM conductor along the western border of the Tulameen
ultramafic complex that is interpreted to be a possible sulfide target. One of the highest stream
sediment cobalt samples (660 ppm) reported in the entire RGS stream sediment database for
1700-700 West Pender Street, Vancouver, BC, V6C 1G8 Canada
Telephone: (604) 669.6332; Facsimile: (604) 681.5910
www.pacificimperialmines.com
TSXV: PPM
NEWS RELEASE
PACIFIC IMPERIAL MINES APPOINTS A DIRECTOR
Vancouver, September 29, 2020 - PACIFIC IMPERIAL MINES INC. (Whe ³Company´) (TSX-Venture-
PPM) is pleased to announce the appointment of Peter Holbek, P.Geo., as Director of the Company effective
immediately.
Pacific ImpeUial MineV PUeVidenW and CEO VWaWeV: ³We aUe iV delighWed Wo add PeWeU Holbek Wo oXU BoaUd of
Directors. As you will read, Peter brings a wealth of knowledge and expertise to our company. As a highly
respected and seasoned Geologist with valuable and successful mine exploration, development and operating
industry experience, we look forward to Peter's expert engagement and assistance in guiding our objectives to
acquire high-quality exploration and development opportunities for the Company. Peter is always forthright and
diligent and is a great addition. Welcome on board Peter.´
Mr. Holbek has 35 years of experience in mineral exploration and mine development. Mr. Holbek is
Professional Geologist (P.Geo) and graduated from the University of British Columbia with a Bachelor of
Science degree (hons) in Geology and a Master of Science degree in Economic Geology.
Mr. Holbek is currently Vice President, Exploration at Copper Mountain Mining Corporation. Prior to joining
Copper Mountain he served as Vice President for Western Keltic Mines and Blackstone Ventures working on
the discovery and development of VMS and Nickel deposits. Previously, he served as Vice President,
Exploration for Atna Resources Ltd. Prior to that, he held the positions of Exploration Manager and Mine
Geologist for Princeton Mining Ltd. and Senior Exploration Geologist at Esso Minerals Canada and Homestake
Canada Ltd.
The Board has approved the granting of a total of 2,300,000 stock options to directors and officers of the
Company at $0.05 per share for a period of 5 years subject to the approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD
s/ “Chris McLeod³
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 the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX
Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of the contents of this News
Release.
- 2 -
British Columbia (~45,000 sample sites) was collected 75 meters downstream from the EM target
on the TGC project. Subsequent prospecting in 2020 along the axis of these conductors located
mineralized hornblende-magnetite-clinopyroxenite float containing ch alcopyrite with one
specimen assaying 0.51% Cu, 0.619 g/t Pt and 0.800 g/t Pd.
Ground TDEM and Magnetic Survey
SJ Geophysics provided “ground truthing” of the Airborne conductors with ground magnetics and
a Volterra TDEM survey. Fixed loop surface EM data was acquired along six survey lines
utilizing three loop-configurations. For the magnetometer survey, two GEM GSM -19W
Overhauser magnetometers were utilized as rovers while one GEM GSM-19T Proton Procession
magnetometer was setup as a base station to record diurnal variations in the magnetic field. The
EM and magnetic surveys indicated that there is a major conductor trending across the central
portion of the local grid and a much weaker secondary feature trending along the eastern margin of
the grid.
A compilation map (Figure 1) provides the location of the main and secondary TDEM conductors,
ground magnetics, and interpreted geology as well as the B-horizon copper in soil values. The
proposed locations of the initial drill holes are also noted in Figure 1. The 2022 drill program of up
to 5,000 m in 10 holes is designed to test the two TDEM conductors where there is a strong
correlation between the conductor axis and overlying anomalous copper in B-horizon soil values.
The drilling will test for bedrock mineralization like the Cu-Pd-Pt mineralization identified in float
near the main conductor. The property has good logging road access.
Qualified Person
Leo King, P.Geo. is the Technical Advisor and Qualified Person as defined by National Instrument
43-101 who has reviewed and approved the technical information in this news release.
About Pacific Imperial Mines
Pacific Imperial is a mineral exploration company based in Vancouver, Canada, engaged in t he
acquisition, exploration, evaluation and development of mineral properties in an acceptable risk
environment.
The company’s current focus is on three properties; Tulameen, Eagle Mountain Lithium and
TREK 31 Gold.
ON BEHALF OF THE BOARD OF DIRECTORS
“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]
- 3 -
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.
Figure 1: Compilation of TDEM Conductor, Ground Magnetics, Cu (ppm) Soils and Geology
- 4 -
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 Inc. (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.
Although the Company believes the expectations expressed in such forward looking statements are
based on reasonable assumptions, such statements are not guarantees of future performance and
actual results may differ materially from those in the forward looking statements. Fact ors that
could cause the actual results to differ materially from those in forward looking 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 future 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 statements 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 resources 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.