Wildcat Property

Overview

The 5,826 hectare Wildcat Project lies approximately 10 km to the southwest of the currently producing Mt. Milligan Copper-Gold Mine in central British Columbia. The Project is located in the highly productive Quesnel Terrane, is easily accessible by vehicle and is close to hydroelectric power.

Under the terms of an option agreement, PEMC has the right to purchase a 100% interest in the property (subject to an underlying royalty) by issuing 2M shares and completing certain work commitments over a four-year period.

Work History

The property has been the focus of several historical exploration programs consisting of geochemical, geophysical and diamond drilling programs that have identified numerous targets for further exploration. Drilling by Cayden Resources in 2011 encountered hydrothermal alteration assemblages typical of those found distal to a copper+/-gold porphyry system, locally associated with anomalous copper intervals. Drill hole WC11-08 intersected 26.1 metres grading 0.14% copper while WC11-07 intersected 0.7 metres grading 1.34% copper and 0.626 g/t gold.

Exploration Targets

Induced polarization ("IP") surveys completed on the property in the spring of 2017 have outlined a roughly 3.5 x 1.5 km area of high chargeability that has seen limited exploration to date. The resistivity signatures on the completed IP lines suggest that the chargeability anomaly is not likely related to geologic formation.

Exploration activities planned for 2018 on the Wildcat Project will include reverse circulation drilling on the newly identified IP chargeability anomaly.

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