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Pacific Empire Minerals Corp. (TSXV: PEMC), based in Vancouver, British Columbia, is a copper exploration company focused on advancing its Trident and Pinnacle projects. The company follows a 'Prospect Generator' model, acquiring projects through staking or option agreements and seeking partners for development.
Recently, Pacific Empire acquired the Trident Copper-Gold Porphyry Project, marking a significant shift towards focusing on one high-potential project while partner-funded exploration continues at the Pinnacle Copper-Gold Porphyry Project.
The acquisition of the Trident property, amidst a business model shift, highlights the company's commitment to advancing promising projects in British Columbia.
Pacific Empire Minerals has finalized its drill targets and diamond drilling strategy at the Trident property, located 50 km west of Centerra Gold's Mt. Milligan Mine. The program includes 3-5 initial drill holes across the target area and one hole testing a potential high-grade breccia pipe. The company's updated targeting incorporates regional stratigraphy dipping 20° south, suggesting the main porphyry target dips 70° north. Historical drilling revealed mineralized porphyry dikes with intervals grading up to 0.87% copper. The property features a significant copper anomaly extending east-west for approximately four kilometers and averaging one kilometer wide, with soil samples exceeding 500 ppm copper and a maximum value of 5,213 ppm.
Pacific Empire Minerals Corp. (TSXV: PEMC) has announced promising results from its summer 2024 rock chip and historical drill core sampling program at the Trident property. Highlights include:
- 0.98% copper and 0.38 g/t gold over 10.6 metres in drill hole DDH2007-01, including 1.53% copper and 0.62 g/t gold over 2.4 metres
- 0.67% copper and 0.57 g/t gold over 11.6 metres in drill hole DDH2007-04, including 1.05% copper and 0.87 g/t gold over 2.4 metres
- 2.95 g/t gold and 0.65% copper from outcrop at Campbell Trench area
The company reports that the highest copper and gold values are associated with discrete porphyry intrusions or dikes, characterized by elevated potassic alteration and abundant quartz veining. This discovery is considered a critical step in developing confidence in the existence of a significant porphyry copper-gold system at the Trident property.
Pacific Empire Minerals Corp. (TSXV: PEMC) has announced the results of its Airborne Mobile Magnetotelluric (MT) survey over the Trident and Pinnacle properties. The survey identified a major copper-gold porphyry drill target, which will be tested in September 2024. This target exhibits characteristics similar to Centerra's Mt. Milligan Mine, which has significant copper and gold production. The resistivity anomaly at Trident extends to depth and is up to 1.5 km wide, indicating a highly prospective copper-gold porphyry system. Trident's copper grades in drill core have been reported at up to 0.84% Cu, notably higher than Mt. Milligan's reserves of 0.17% Cu. The mineralization is associated with potassic alteration and elevated resistivity zones, making Trident a compelling exploration target.
Pacific Empire Minerals Corp. (TSXV: PEMC) announces its participation at The Metals Investor Forum in Vancouver and successful identification of a significant conductivity anomaly at depth on the Trident property through an Airborne Mobile Magnetotelluric survey. President & CEO Brad Peters presented the preliminary data, pointing towards promising exploration targets and potential mineral deposits.
Pacific Empire Minerals Corp. (TSXV: PEMC) announced the approval of incentive stock options for directors to purchase 1,000,000 common shares at $0.055 per share, expiring in three years.
Pacific Empire Minerals Corp. announced the appointment of Mr. Andrew Lee to the Board of Directors. Mr. Lee, with over 15 years of experience in mining finance, brings expertise from Wheaton Precious Metals Corp. and BHP Group His background includes a Master of Business Administration and a Double Major Bachelor of Science in Mathematics and Economics. The company's CEO expressed excitement for Mr. Lee's addition to the board, emphasizing his fit with the company's growth strategy.
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