The 2020 reverse circulation (“RC”) drill program at Jean Marie consisted of 15 holes totaling 1,691 metres and focused on the northern-most “A Zone”, where historical drilling in the 1970s encountered copper mineralization; historical holes were only assayed for copper and molybdenum. The 2020 RC drill program was successful in identifying a broad zone of elevated copper and intriguing silver mineralization and has provided the Company with multi-element geochemical data that has been incorporated into the growing property database. In combination with the airborne magnetic survey that was completed in October of 2020, the data is being used to develop additional targets for diamond drilling during the 2021 exploration season. At this time, the trend and true width of mineralization unknown.
Highlights from 2020 Reverse Circulation Drilling:
- Copper mineralization was encountered in 13 of 15 holes with 8 holes averaging greater than 1000 ppm copper over the entire length of hole.
- A broad, tabular zone of elevated Cu values (>0.2% Cu) was delineated over an area of approximately 400 x 500m; this zone remains open to the NE and SW and suggests the presence of a larger mineralizing system.
- Elevated levels of copper, silver and molybdenum were encountered in drilling with drill hole JMR014 averaging 3.37% Cu and 11.4 g/t Ag over 3.05m and drill hole JMR008 averaging 1.4 g/t silver over the length of the hole; a strong correlation exists between Cu-dominant (Au-poor) mineralization and Ag grades.
- Drill results demonstrate kilometer-scale base and precious metal mineralization over a large, under-explored property with untested diamond-drill targets.
Exploration activities during 2020 confirmed the presence of a 5 km long porphyry footprint at Jean Marie in addition to the identification of new areas of copper, gold and silver mineralization at the Leap prospect and to the south of the C Zone. At the Leap prospect, located 800 metres to the south of the B Zone, rock sampling returned 8.79 g/t gold, 86.7 g/t silver and 1.74% copper (Sample No. 13708, see PEMC News Release dated September 28, 2020). Approximately 400 metres south of the C Zone, additional gold mineralization was encountered when continuous chip sampling of a hand trench (Trench 1) yielded 4.0 g/t gold over 8 metres with the entire 20-metre length of the trench averaging 1.7 g/t gold. A second hand trench (Trench 2) was sampled approximately 250 east of Trench 1 where continuous chip sampling yielded 4 metres grading 1.37% copper, 0.08 g/t gold and 67.4 g/t silver. Follow up work is planned at these new areas during 2021 to assess the significance of the mineralization in the areas. At this time, the trend and true width of mineralization at both hand trenches is unknown.
Summary of Analytical Results from 2020 RC Drill Program
|Hole ID||From (m)||To (m)||Cu (%)||Ag (g/t)||Au (g/t)||Mo (ppm)||Interval (m)|
|RC20JMR002||No Significant Values|
|RC20JMR009||No Significant Values|
|* True widdths of mineralization are unknown at this time.|
RC Drill Hole Collar Locations
|Hole ID||Length (m)||UTM Grid||UTM East||UTM North||Dip||Casing Depth (m)|
Prior to the commencement of the 2020 RC drill program, prospecting, review of historical drill core and rock sampling were conducted across the property. A total of 38 rock samples were collected, with a focus on expanding the footprint of known mineralization and demonstrating the potential for gold-enriched copper mineralization across the property. A summary of all rock samples collected at Jean Maire during the 2020 exploration season is presented in below.
A high-resolution airborne magnetic survey was conducted by Peter E. Walcott & Associates Ltd. covering the majority of the property, including the known areas of drill defined copper mineralization at the A, B and C Zones. The survey was flown along 100 metre spaced lines and 1,000 metre spaced tie lines. The survey expanded upon the existing historical ground magnetic survey completed in 1973 and provides a much greater level of detail at the known areas of copper mineralization. The survey also highlighted additional target areas in the southern portion of the property where historical soil geochemical sampling identified copper-molybdenum in-soil anomalies.
All of the geophysical and geochemical data collected during 2020 will be incorporated into the existing dataset and will be used to develop targets for follow-up field programs and drill testing in 2021. PEMC has now met its first-year expenditure commitments and have a property wide exploration permit through 2021.
Rock samples collected from the A Zone (Applecot showing) returned up to 0.442 g/t gold with 1.3% copper and 15 g/t silver. At the newly identified Leap Target area, 800 metres to the south of the B Zone, rock sampling returned up to 8.79 g/t gold, 86.7 g/t silver and 1.74% copper. Approximately 400 metres south of the C Zone, additional gold mineralization was encountered when continuous chip sampling of a hand trench (Trench 1) yielded 4.0 g/t gold over 8 metres with the entire 20-metre length of the trench averaging 1.7 g/t gold. A second hand trench (Trench 2) was sampled approximately 250 east of Trench 1 where continuous chip sampling yielded 4 metres grading 1.37% copper, 0.08 g/t gold and 67.4 g/t silver. At this time, the trend and true width of mineralization at both hand trenches is unknown.
The Jean Marie property is characterized by a northwest trending magnetic signature that traverses the property from south-east to north-west. Results from the airborne magnetic survey highlight several areas where this dominant northwest trending magnetic signature is interrupted by east-west and north-east striking zones of magnetic disruption.
At the A Zone, where 2020 RC drilling was focused, the airborne magnetic survey shows an east-west zone of magnetic disruption that is interpreted to represent a structural discontinuity, favourable to host porphyry intrusions. In the southern portion of the property, a more heterogeneous magnetic signature is observed. Rock sampling in this area by PEMC during 2020 returned up to 0.218% copper and 176 ppm molybdenum.
Table 1. Continuous chip sampling results from hand trench south of C zone (start of trench at 377,703 E / 6,106,027 N, end of trench at 377,721 E / 6,106,031 N, UTM NAD 83 zone 10).
Historically, the A and C zones did not see systematic analyses for gold. Entire hole composites from 1974 percussion holes were assayed for gold with a high detection limit and, as such, gold was not detected. The recent collected rock samples show that there is, in fact, a significant precious metal component associated with copper mineralization, at least in part, at the A and C zones.
Table 2. Rock sampling results from A and C zones (UTM NAD 83 zone 10).
C zone west
C zone west
Table 3. Summary of all rock sampling results during 2020.
|UTM Zone 10|
|Target||UTM East||UTM North||Sample ID||Sample Type||Cu (ppm)||Au (g/t)||Ag (g/t)||Mo (ppm)||Pb (ppm)||Zn (ppm)|
|A Zone - Applecot Showing||374651||6108289||2089951||Float-Subcrop grab||15,340||0.012||3.3||3.8||6||16|
|A Zone - Applecot Showing||374651||6108289||2089952||Float-Subcrop grab||13,040||0.442||15.16||190.3||4||12|
|C Zone North 1||377043||6106669||2089953||Rock - outcrop grab||2,918||0.006||1.63||21.7||4||22|
|C Zone North 1||377043||6106669||2089954||Rock - outcrop grab||4,185||0.046||6.79||76.1||6||3|
|C Zone North 2||377353||6106608||2089955||Rock - outcrop grab||37,300||0.019||8.63||15.4||2||29|
|C Zone North 2||377353||6106608||2089956||Rock - outcrop grab||11,010||0.525||54.48||190.2||12||14|
|C Zone South - Trench 1||377703||6106027||2089957||Rock - chip sample||269||0.017||0.43||4.1||7||48|
|C Zone South - Trench 1||377705||6106027||2089958||Rock - chip sample||341||0.281||0.25||8.2||8||59|
|C Zone South - Trench 1||377707||6106028||2089959||Rock - chip sample||109||0.033||0.12||6.3||6||79|
|C Zone South - Trench 1||377709||6106028||2089960||Rock - chip sample||56||0.009||0.06||2.6||3||53|
|C Zone South - Trench 1||377711||6106029||2089961||Rock - chip sample||139||0.159||0.11||7.8||4||67|
|C Zone South - Trench 1||377713||6106029||2089962||Rock - chip sample||271||2.706||0.29||8.2||7||56|
|C Zone South - Trench 1||377715||6106030||2089963||Rock - chip sample||275||0.773||0.23||5.1||6||66|
|C Zone South - Trench 1||377717||6106030||2089964||Rock - chip sample||439||3.968||0.68||5.3||6||58|
|C Zone South - Trench 1||377719||6106031||2089965||Rock - chip sample||508||8.679||1.37||6.4||8||62|
|C Zone South - Trench 1||377721||6106031||2089966||Rock - chip sample||35||0.031||0.04||0.4||2||50|
|C Zone South - Trench 1 offset||377716||6106025||2089967||Float-Subcrop grab||1,335||6.193||48.45||1.7||9,546||16|
|Leap Target||375623||6106860||13701||Float-Subcrop grab||21||0.023||0.49||1.4||9||29|
|Leap Target||375617||6106855||13702||Float-Subcrop grab||8||<0.005||0.06||1.6||4||39|
|Leap Target||375617||6106855||13703||Float-Subcrop grab||10||0.015||0.08||1.3||2||38|
|Leap Target||375617||6106855||13704||Float-Subcrop grab||2||0.017||0.02||0.9||1||53|
|Leap Target||375616||6106848||13705||Float-Subcrop grab||13||0.011||0.3||1.5||11||35|
|Leap Target||375621||6106847||13706||Float-Subcrop grab||8||<0.005||0.34||9.5||17||32|
|Leap Target||375613||6106845||13707||Float-Subcrop grab||77||0.009||0.41||1.4||18||41|
|Leap Target||375613||6106845||13708||Float-Subcrop grab||17,490||8.789||86.58||3.5||6,571||13,780|
|C Zone South||378002||6106353||146951||Rock - outcrop grab||159||0.016||0.75||12.6||5||23|
|C Zone South||377953||6106074||146952||Rock - outcrop grab||3,583||0.046||43.22||7.5||325||67|
|C Zone South||377958||6106075||146953||Rock - outcrop grab||145||<0.005||0.5||0.8||4||46|
|C Zone South||377959||6106081||146954||Rock - outcrop grab||55,410||0.131||194||9.1||430||89|
|C Zone South||377567||6106178||146955||Rock - outcrop grab||2,328||0.04||4.63||2.9||10||73|
|Southern Magnetic Anamaly||380996||6104055||2089914||Rock - outcrop grab||652||<0.005||0.86||90.4||3||26|
|Southern Magnetic Anamaly||380994||6104064||2089915||Rock - outcrop grab||2,188||0.009||1.63||176.9||3||21|
|C Zone South - Trench 2||377956||6106077||2089916||Rock - chip sample||28,210||0.06||42.51||7.1||363||264|
|C Zone South - Trench 2||377959||6106079||2089917||Rock - chip sample||9,288||0.119||117||23.8||1,102||177|
|C Zone South - Trench 2||377962||6106081||2089918||Rock - chip sample||13,180||0.063||48.93||32.3||442||232|
|C Zone South - Trench 2||377965||6106083||2089919||Rock - chip sample||3,956||0.067||61.19||16.7||125||49|
|C Zone South||378013||6106275||2089920||Rock - outcrop grab||1,423||0.006||2.42||11.2||5||13|
|C Zone South||377917||6106328||2089921||Rock - outcrop grab||4,935||0.03||7.74||3936.3||5||20|