Pacific Empire Minerals Corp (TSX-V:PEMC) (OTCQB:PEMSF) said it has an option agreement to consolidate a significant land position of over 90 square kilometers in the Babine Copper-Gold Porphyry district in central British Columbia.
This combines the company's Wasp Property, the recently optioned "Nilkitkwa Property", and prospective ground staked by Pacific Empire, a statement said.
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In the option agreement, Pacific Empire acquires a 100% interest in certain mineral claims where logging operations have exposed copper mineralization and quartz-sericite-pyrite alteration
The four copper and gold prospects consist of the Rebinsky, HOL, Wasp, and Big Joe prospects. The 9,099-hectare Paragon Project covers the four copper and gold prospects in central British Columbia.
The Rebinsky prospect, which is the focus of the ground within the option agreement, covers multiple sulphide showings that were recently uncovered during ongoing logging activities.
It is located within 30 kilometers of three copper-gold porphyry deposits, including the past-producing Bell and Granisle Mines and the advanced Morrison copper-gold porphyry deposit.
In the northern portion of the Nilkitkwa Property, copper mineralization is found in a recently exposed rock quarry. At the HOL prospect, historical drilling at the southeastern margin of this area encountered copper mineralization.
This property acquisition remains subject to the approval of the TSX Venture Exchange.
Pacific Empire engages in the acquisition and exploration of copper-gold porphyry and mineral exploration properties in Canada.
Contact Rene Pastor by rene.pastor@proactiveinvestors.com