Pacific Empire Minerals Raises C$1.4M for Trident Copper-Gold Drilling
Vancouver-based copper explorer Pacific Empire Minerals Corp. (TSXV: PEMC, OTC: PEMSF) has secured C$1,386,289.95 through the initial tranche of its non-brokered private placement. The funds will fuel the company's 2025 drilling campaign at its Trident copper-gold-silver porphyry project in British Columbia.
The Trident property, spanning 22,541 hectares, is an early-stage exploration site hosting an alkalic porphyry copper-gold-silver prospect with significant district-scale potential. It lies 60 km west of Centerra Gold's Mt. Milligan Copper-Gold Mine and 30 km southeast of NorthWest Copper's Kwanika Copper-Gold Deposit.
The 2025 diamond drill program, set to commence on October 12, will test both porphyry and breccia targets that have remained undrilled despite over five decades of exploration history. Field crews have already mobilized to prepare for the fully permitted program. Proceeds from the private placement, consisting of Hard Dollar Units at C$0.035 per unit and Flow-Through Units at C$0.04 per unit, will also contribute to general working capital.
Kristian Whitehead, P.Geo., a qualified person as defined by NI 43-101, has reviewed the scientific and technical information in this news release.
Pacific Empire has also granted an aggregate of 7,700,000 stock options to its officers, directors, and consultants. With the first tranche of its private placement closed, the company is well-positioned to advance its Trident project, potentially unlocking significant value for shareholders.
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