Vancouver, British Columbia--(Newsfile Corp. - July 5, 2018) - Pacific Empire Minerals Corp. (TSXV: PEMC) ("Pacific Empire", "PEMC" or the "Company"), a hybrid prospect generator focused in British Columbia, announces that following the completion of its Phase 1 reverse circulation ("RC") drilling program at the Wildcat Property it has now mobilized to its Kitimat Copper-Gold Property where drilling is underway on the Jeanette target area.
Wildcat Property — Phase 1 Reverse Circulation Drilling Complete
The Phase 1 Drill Program consisting of 11 holes of reverse circulation drilling, totaling 550 metres, has now been completed in the northern portion of the property that targeted three areas. All drill samples were screened in-house using the companies X-Ray Fluorescence ("XRF") spectrometer. Although anomalous copper was encountered, the XRF results showed intervals not deemed of significant grade and width to send to the laboratory for analysis at the three target areas tested.
"The results of Phase 1 drilling at the Wildcat Property are being reviewed and future exploration will be planned accordingly," commented Pacific Empire's President and CEO Brad Peters. "We intend to test as many targets as rapidly and cost effectively as possible in order to prioritize each of our projects for further reverse circulation drilling and exploration programs during 2018."
Kitimat Property — Reverse Circulation Drilling Underway
Following completion of drilling at the Wildcat Property, PEMC has now mobilized to the Kitimat Property where historical drilling encountered copper and gold at the Jeanette target area. An initial program at the Jeanette target area, of five to ten RC drill holes is underway. The objective of the program is to determine the potential for additional mineralization outside of the mineralized zones using historical soil sampling and airborne magnetic surveys to guide exploration.
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Additional information on the Company and its projects can be found on SEDAR at (www.sedar.com), and on the Company's website at www.pemcorp.ca. You may also email firstname.lastname@example.org or call Investor Relations at (604) 356-6246.
Rory Ritchie, P.Geo., Vice President of Exploration for the Company, serves as a qualified person as defined by National Instrument 43-101 and has reviewed the scientific and technical information in this news release, approving the disclosure herein.
About Pacific Empire Minerals Corp.
PEMC is an exploration company based in Vancouver, British Columbia, that employs a "hybrid prospect generator" business model and trades on the TSX Venture Exchange under the symbol PEMC. The Company's strong portfolio of projects is a result of continuous generative work conducted since the Company's inception in 2012.
By integrating the project generator business model with low-cost RC drilling, the company intends to leverage its portfolio by identifying, and focusing on, the highest quality projects for partnerships and advancement.
ON BEHALF OF THE BOARD,
President and Chief Executive Officer
Pacific Empire Minerals Corp.
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Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.