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Under an Option Agreement with Orogen Royalties Inc. (“Orogen”) Pacific Imperial may earn up to an 100% interest in the TREK 31 project by making cash payments and completing exploration work totaling
The initial exploration program will include geological renaissance, prospecting, overburden mapping and a soil geochemistry and soil gas hydrocarbon (“SGH”) sampling program that will collect up to 600 soil samples.The SGH method is being investigated as a means to detect sulphide minerals in bedrock through deep till, or thin rock cover.
Two soil geochemistry grids are planned: (i) a more detailed grid centered over a prominent induced polarization (“IP”) geophysical anomaly identified in 2020 and (ii) a wide-spaced grid covering the 3 x 6 km area up-ice of the area containing previously identified elevated gold in basal till samples. The goal of this Phase 1 program is to identify prospective areas for a planned late June reconnaissance type 3D IP survey that is then to be followed by a reverse circulation (“RC”) drill program.
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Figure 1: Location map for the TREK 31project in central
Pacific Imperial acknowledges that TREK 31 is situated on unceded territory of the Nazko First Nation andLhoosk’uz
Qualified Person
About
Pacific Imperial is a mineral exploration company based in
About Orogen Royalties Inc.
Orogen Royalties is focused on organic royalty creation and royalty acquisitions on precious and base metal discoveries in western
ON BEHALF OF THE BOARD OF DIRECTORS
“Chris McLeod“
For further information please contact:
Email:investor@pacificimperialmines.com
Neither
Forward Looking Information
This news release includes certain statements that may be deemed "forward looking statements". All statements in this news release, other than statements of historical facts, that address events or developments that
Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
A number of mineral resources or significant occurrences disclosed herein relate to nearby properties owned by other companies, and the data presented have been extracted from these companies’ press releases and websites. A Qualified Person has been unable to verify this information from the adjacent properties, and such results are not necessarily indicative of potential quantities or grades of mineralization on the Company’s properties.
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