Vancouver, August 5, 2020 - Pacific Empire Minerals Corp. (TSXV: PEMC) (OTCQB: PEMSF) ("Pacific Empire", "PEMC" or the "Company"), a hybrid prospect generator focused in British Columbia, is pleased to announce the start of reverse circulation ("RC") drilling activities at the Worldstock Property in south-central British Columbia, 95 kilometres north of the city of Kamloops and 25 kilometres west of Taseko Mines Ltd.'s Yellowhead Copper Project.
The Company will be testing a number of targets across the Worldstock Property, including an area that has seen limited historical drilling with reported values grading up to 0.38% copper over 10.4 metres. The intent of the RC drilling program is to test several areas for porphyry copper-gold mineralization by focusing on targets with anomalous copper soil geochemistry, coincident with favourable geophysical signatures including interpreted magnetite destruction and highly anomalous Induced Polarization chargeability. The majority of rock exposure at the Worldstock Property is obscured by 2 to 15 metres of glacial overburden, though much of the exposed rock contains abundant disseminated, fracture- and vein-hosted pyrite and exhibits significant silicification, with localized chalcopyrite and malachite staining.
"We are excited to get the 2020 exploration season underway and continue our drive towards a gold-enriched copper porphyry discovery," commented Pacific Empire's President and CEO, Brad Peters. "We are in a position to complete a significant amount of drilling at numerous high-quality targets this year beginning at the Worldstock property, which will be followed by drilling at Weedon and then on to the recently-acquired Jean Marie property where the bulk of the drilling for 2020 is planned."
Qualified Person
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 and on the OTCQB Markets under the symbol PEMSF.
By integrating the project generator business model with low-cost reverse circulation 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,
"Brad Peters"
President and Chief Executive Officer
Pacific Empire Minerals Corp.
Tel: +1-604-356-6246
brad@pemcorp.ca
www.pemcorp.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
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.
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