Pacific Empire to focus on gold property in British Columbia
Pacific Empire Minerals (TSXV: PEMC) announced that from now on it will focus its ongoing 2019 exploration efforts on advancing its 100%-owned Pinnacle porphyry project in British Columbia, Canada.
In a press release, Pacific Empire said that the decision was made based on continued weak copper performance and improved gold price.
Pinnacle covers over 14,000 hectares and incorporates the miner’s NWT and Pinnacle Reef properties into one contiguous land position.
From 2014 through 2017, Pacific Empire carried out exploration work that resulted in 14 diamond drill holes and four Induced Polarization surveys on the property.
“Partner-funded diamond drilling intersected significant gold at the Elbow Zone and copper at the Sooner Zone,” Brad Peters,president of the Vancouver-based company, said in the media brief. “The impact of logging operations over the last five years means exploration that was previously dependent on helicopter support, can now take advantage of the extensive network of roads, making it suitable for summer and winter RC drilling.”
According to Peters, all necessary permits have been submitted and induced polarization surveys are expected to begin shortly, prior to the reverse circulation drilling campaign.