• TSX-V
  • OTCQB
  • PEMC
  • PEMSF
Menu

Overview

Results from over 2,000 historic soil, talus, sediment and rock samples collected on the property outline several geochemically anomalous areas. Since 2015, PEMC has completed a reconnaissance IP survey over the target areas, airborne magnetic surveys and a four hole reverse circulation drill program that intersected 0.17% copper over 64 m from surface in hole RC18COP003.

Location and Access

The project area is accessible by vehicle and close to infrastructure, located 45 km south of Centerra Gold's Kemess Underground and Kemess East development projects. The Omineca Resource Road and Centerra's 230-kV transmission line cross the southern portion of the property.

Geology and Mineralization

Based on the results from historical exploration programs and from work completed by PEMC from 2014 through 2018, two primary target areas have been identified.

Target area "A", also know as the “North Valley Target Area”, is characterized by an anomalous IP chargeability high coincident with rock, soil, talus and sediment samples that have anomalous levels of copper. The 2017 airborne magnetic survey identified a discrete magnetic low anomaly in this area, potentially representing magnetite destructive alteration. Historical drilling completed by BP Minerals in 1975 consisted of one shallow diamond drill hole along the southern margin of the IP chargeability anomaly. This hole (ZD#1) encountered magnetite and hematite throughout with intervals of native copper, bornite and chalcocite over the final 100 feet.

Target area "B" is also characterized by an anomalous IP chargeability high, however at this target area the magnetic signature is characterized by a magnetic high. Rock, soil, talus and sediment geochemistry is also highly anomalous in copper and there has been no drilling in this area to date.

Exploration History

Notable exploration on the Copper King Property began in the 1960’s with initial investigation of the copper potential of the DS and Sixty claim groups. Geological mapping, hand trenching and sampling, and an electromagnetic survey were completed over areas where disseminated and vein hosted copper ± gold ± silver was encountered.

In the mid-1970’s, Canadian Superior and BP Minerals explored the Z claims for Sustut-style copper replacement in porous Takla Group tuffs. Geological mapping, geochemical sampling, induced polarization ("IP") and ground magnetic surveys were conducted over the claims and three short diamond drill holes completed in two areas.

Over 2,000 historic soil, talus, sediment and rock samples collected on the property have been digitized and outline several geochemically anomalous areas that warrant further exploration.

In 2015, PEMC completed a reconnaissance IP survey over areas of interest that identified two areas of anomalous chargeability for follow up exploration. Rock chip sampling was completed in 2015 as well, expanding the footprint of anomalous copper rock geochemistry. In 2016 and 2017, PEMC completed two airborne magnetic surveys over the northeast portion of the property.

A Reverse Circulation drilling program was completed in August of 2018 by PEMC at the Copper King property. Drilling was focused on the "North Valley Target Area" at the northern portion of the property where anomalous IP chargeability is coincident with rock, soil, talus and sediment samples that are anomalous in copper ± gold ± silver. Four RC holes totaling 459 metres were drilled with PEMC's in-house track-mounted RC drill, with depths of the holes ranging from 82.3 to 147.8 metres.

Two of the four holes drilled encountered disseminated chalcocite mineralization associated with strong epidote-clay alteration over variable widths and laboratory results have been received for the two assayed holes. Given the geological context and the widespread nature of copper mineralization at surface, that closely resembles that encountered in drilling, the Company believes there is significant potential for a buried porphyry system on the Copper King property. Drilling at the "snow hole" showing remains open to the south and has provided early insight into potential vectors that the Company will use to aid in future targeting.

Exploration Plan 2022

A modest exploration program consisting of geological mapping and additional rock sampling is planned for the 2022 season. The objective of the program is to compile updated lithology and alteration maps that will be used in conjunction with the existing geochemical dataset to evaluate potential drill targets on the property. Additional talus, soil and rock geochemical samples will be collected and integrated in to the existing geochemical database. Historical geochemical sampling programs.

2022 Maps

Maps (2020)

Image Gallery

Close