June 27, 2017, Vancouver, BC, Canada - Pacific Empire Minerals Corp. ("PEMC" or the "Company") has completed geophysical surveys on the Wildcat Property and a geophysical survey has been completed on the Pinnacle Reef (formerly Later) Property by partner ML Gold Corp. ("ML Gold").
In April and May of 2017, two Induced Polarization ("IP") geophysical surveys totaling 27.8 line-km were completed on the Wildcat Property. Results from these surveys outlined a large area (3.5 × 1.5 km) of highly anomalous chargeability in an area where only limited exploration has taken place due to the presence of overburden that obscures bedrock in this area. Limited bedrock exposure encountered to date in this area locally exhibits quartz-sericite-pyrite alteration which lends support to the interpretation that at least part of the overall chargeability anomaly is potentially related to hydrothermal alteration and pyrite mineralization.
"The results from the 2017 IP surveys are intriguing and make the Wildcat Property an obvious candidate for follow-up RC drilling in 2017," commented PEMC President, Brad Peters.
In February 2017, PEMC entered into an Option Agreement with Mr. Richard Josef Haslinger to acquire a 100% interest in the Wildcat Property by completing a minimum of 10 line-km of IP, a minimum of one RC or diamond drill hole, and issuing to Mr. Haslinger a total of 2 million shares of PEMC over a period of 4 years. PEMC has now completed the Year-1 minimum required IP survey milestone.
Pinnacle Reef Property
A deep-sensing IP survey was completed in April of 2017 by PEMC’s partner, ML Gold, on the Pinnacle Reef Property and the results have been incorporated into the Company’s existing geophysical dataset. The survey covered an area roughly 3 km northwest of the 2016 diamond drilling and was designed to gather information to depth in an area of which ML Gold has recently purchased a historical IP dataset. The 2017 IP survey totaled 12 line-km and focused on the central area of the historical IP dataset which outlined a 2-km diameter IP chargeability "donut" anomaly, the eastern margin of which was drilled by BP Exploration Canada in 1990. Historical drilling on the eastern margin of the "donut" anomaly encountered anomalous copper and gold mineralization; however, drilling did not intersect mineralization of economic significance. PEMC and ML Gold believe this historical drilling encountered the pyritic halo of a potentially significant Cu-Au porphyry system.
Results from the partner funded survey confirm the presence of anomalous chargeability at depth and will help guide additional drilling and exploration on the Pinnacle Reef property in the summer of 2017.
Mr. Rory Ritchie, P.Geo is the Qualified Person as defined by National Instrument 43-101 who supervised the preparation of the technical data in this news release.
About Pacific Empire Minerals Corp.
PEMC is a private exploration company based in Vancouver, British Columbia, which is focused on the discovery of copper-gold deposits in politically stable jurisdictions with sound infrastructure. PEMC acquires exploration stage properties, and seeks partnerships and joint ventures to advance projects through to discovery. By providing business partners with the opportunity for discovery, PEMC is able to limit risk while maintaining exposure to discovery in numerous projects. Additional information, maps and diagrams have been compiled by PEMC and can be found on PEMC’s website at www.pemcorp.ca.
ON BEHALF OF THE BOARD
Pacific Empire Minerals Corp.
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