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Overview

Historical exploration in 2001 encountered 0.37% copper over 10.4 metres (WS2001-1) associated with hornblende-feldspar porphyry dikes. In 2020, PEMC completed 10 reverse circulation drill holes testing various geophysical signatures across the property. RC20WOR001 was collared in the same area as WS2001-1 and returned 121.92 metres grading 0.108% copper confirming the presence of copper mineralization in this area.

Location and Access

The property is located 95 km north of Kamloops, BC and 8 km to the west of Highway 5. Recently constructed logging roads provided access to target areas on the property. The Worldstock property is 25 km west of Taseko Mines Ltd.'s Yellowhead Copper Project, which boasts an 820 million tonne reserve with an average grade of 0.28% copper.

Geology and Mineralization

Several alteration assemblages characteristic of porphyry copper +- gold systems have been identified on the property. These include, in order of abundance, propylitic, phyllic, argillic and potassic alteration assemblages. Feldspar porphyry dikes locally exhibit strong K-feldspar alteration in mineralized zones, while phyllic alteration predominates in the area around the Worldstock showing and historical drilling.

Alteration assemblages encountered in drilling suggest the margin of a porphyry system was drilled.

Cu +- Au +- Ag mineralization occurs as quartz-pyrite-chalcopyrite veins and pyrite +- chalcopyrite as disseminations associated with fractured zones. Pyrite predominates with appreciable copper values only encountered proximal to feldspar porphyry dikes. Localized lenses of chalcopyrite have been encountered in historical trenching.

Exploration History

In 2001, seven short diamond holes totaling 888 metres were drilled, with all holes intersecting anomalous copper and porphyry style alteration. The abundance of quartz-sericite-pyrite alteration encountered in drilling suggests the margins of porphyry system was likely drilled. Diamond drill hole WS2001-1 intersected 0.37% copper over 10.4 metres, where copper was shown to genetically and spatially related to hornblende-feldspar porphyry dikes.

In 2020, PEMC completed a total of 10 reverse circulation drill holes testing a variety of geophysical signatures across the property. The most significant intersection from this program was from hole RC20WOR001 which intersected 121.92 metres grading 0.108% copper and 0.04 g/t gold including a 22.86 metre interval grading 0.33% and 0.098 g/t gold.

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