Business
Pacific Empire Minerals Acquires Rights to Large Copper Project
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2020) - Pacific Empire Minerals Corp. (...
About this update from Pacific Empire Minerals Corp.
[{"type":"text","content":"Pacific Empire Minerals Acquires Rights to Large Copper ProjectVancouver, British Columbia--(Newsfile Corp. - May 27, 2020) - Pacific Empire Minerals Corp. (TSXV: PEMC) (OTCQB: PEMSF) (\"Pacific Empire\", \"PEMC\" or the \"Company\"), a hybrid prospect generator, is pleased to announce it has entered into an option agreement to acquire a 100% interest in the Jean Marie Project, a copper-gold-silver-molybdenum porphyry project located 50 km west of Centerra Gold Inc.'s Mt. Milligan copper-gold mine in central British Columbia. The Jean Marie Project covers 6,300 hectares and has multiple mineralized zones which are open for expansion.Highlights:Historical drilling highlights include drill hole J97-11 which intercepted 184 m @ 0.33% Cu, including 27 m @ 1.2% Cu.Three discrete zones, each with indicators showing higher grade potential.9 kilometre trend of highly anomalous copper geochemistry.About the Jean Marie ProjectHistorical work conducted on the Jean Marie Project includes over 10,000 metres of drilling and dozens of ground-based geophysical and geochemical surveys, with the majority of exploration being completed by Cominco Ltd. between 1970 and 1974. Historical exploration activities were focused on drilling in three copper porphyry zones: the A, B and C Zones (Figure 1). Each of the three mineralized zones straddle the Jean Marie fault, a significant controlling structure that has been mapped for over 12 km on the Project (Figure 2). Brad Peters, Pacific Empire's President and CEO, states, \"The Jean Marie is an outstanding exploration opportunity for the Company. The presence of several mineralized zones and exploration targets along and adjacent to the Jean Marie fault is highly encouraging and suggests there is a mineralized system of significant size on the Property.\"Figure 1 - Looking SE at Jean Marie historical zones.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/5412/56595_4227896fb4ef4a2e_001full.jpgThe A and C Zones have seen limited historical drilling, with the deepest drilling in both zones being 92 vertical metres. Mineralization in these zones exists as chalcopyrite dominated by pyrite, with rare covellite and bornite. In select surface samples at both the A and C zones, anomalous gold has been seen to be associated with chalcopyrite mineralization and monzonite d...