project portfolio · developed in arc-derived mesozoic volcanic and sedimentary assemblages. bell...

Project Portfolio

BRITISH COLUMBIA ADVANTAGES- Attractive tax incentives- Low geopolitical risk- Ease of export- Hydroelectric Power- “Clean” concentrates

15 Copper ± Gold Porphyry Projects

Focus on Access & Infrastructure- Open-pit mineable deposits- Subdued topography

Exploration Thesis:GREAT OPPORTUNITY EXISTS IN BC FOR DISCOVERY OF CU-AU PORPHYRY DEPOSITS UNDER COVER

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PEMC Exploration Techniques

Reverse Circulation (“RC”) drilling- Owned and operated in-house- Fast, cost-effective- No water supply necessary- Ease of permitting- Exploration through cover

➢ Up to 100 m in 10 hour shift.➢ Capable of depths exceeding 150 m.

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Best use of available technology

X-ray Fluorescence Spectrometry (XRF)- real-time analyses at no additional cost- reliable- aids in planning of drill holes

Passive seismic (TROMINO)- cost-effective and rapid tool for measuring overburden thickness- reliable- aids in planning of drill holes

PEMC Exploration Techniques

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Bulkley Initiative – Location Map

Central British Columbia

- 3 properties, approximately 16,500 hectares- 50 km east of Smithers, BC- Extensive network of logging roads- Year-round access possible- Covered terrain highly prospective for Cu ±Au porphyry deposits

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Regional Geology – Babine belt

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Babine Cu-Au Porphyry District

Babine intrusions occur as small stocks, plugs and dike swarms emplaced along northwest-trending regional faults developed in arc-derived Mesozoic volcanic and sedimentary assemblages.

Bell Deposit (Past Producer)• Mined – 77 Mt @ 0.47% Cu & 0.26 g/t Au• Mineral Resource – 296 Mt @ 0.46% Cu & 0.20 g/t Au

Granisle Deposit (Past Producer)• Mined – 53 Mt @ 0.47% Cu & 0.20 g/t Au• Mineral Resource – 119 Mt @ 0.41% Cu & 0.15 g/t Au

Morrison Deposit• Mineral Resource (M+I) – 207 Mt @ 0.39% Cu & 0.20 g/t Au

Babine Plutonic Suite

Bulkley Initiative – Location Map

Babine Cu-Au Porphyry District

Transtensional tectonic regime approximately 50 Ma resulted in graben architecture. NW-trending faults exploited by Eocene porphyry intrusions.

NW trending faults directly related to porphyry emplacement and Cu-Au mineralization at Bell, Granisle and Morrison deposits.

BC Geological Survey has mapped NW-trending faults and Eocene Babine Plutonic Suite intrusions on both the Paragon and SAT Properties.

Babine Plutonic Suite8

Bell & Granisle deposits - Geology

District Geology, southeast portion of Babine Porphyry Belt.

- Eocene Biotite Feldspar Porphyry (BFP) and Biotite Hornblende Feldspar Porphyry (BHFP) intrusions along or proximal to major NW structures.

- Eocene rhyolite intrusions spatially associated with deposits (pre-mineralization at Bell deposit).

- Significant pyrite bearing alteration haloes, typically associated with chlorite-sericite-carbonate assemblage.

These geological features form basis for exploration model in the Babine Cu-Au Porphyry Belt.

Bell Deposit

GranisleDeposit

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SAT Property – Access

SAT Property accessed out of Village of Granisle, or crews based out of Tukii Lodge in Smither’s Landing.

Granisle has fuel, accommodations, services, emergency services (RCMP, BC Ambulance).

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SAT Property – Target areas

3 target areas- NW mag high target- NE mag low target- Main Target

Exploration hypothesis at Main target:

Historical exploration drilled extensive pyrite halo proximal to untested, covered, higher temperature portion of system.

NW mag high

NE mag low

Main Target

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SAT Property – Property Geology

Andesitic flows, breccias and pyroclastic flows, with lesser basalt, to north and east.

Fine sediments (argillite, siltstone) to west.

BFP and BHFP intrusions within andesites and sediments.

Localized rhyolite intrusions mapped and encountered in historical drilling.

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Historical exploration:- 3,095 metres diamond drilling in 21 holes- 180 line-km IP- 3,500 soil samples- Ground and airborne magnetics

Historical drilling focused on anomalous Cu-in-soil geochemistry and coincident highly anomalous Induced Polarization (IP) chargeability

SAT Property – Geochemistry

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Historical drilling focused coincident:- anomalous Cu-in-soil geochemistry - highly anomalous Induced Polarization (IP) chargeability- area of low magnetic susceptibility

SAT Property – IP chargeability

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SAT Property – Ground magnetics

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Multi element geochemistry (Cu, Mo, Zn, Ag) does not show distinct zonation in area of historical drilling.

Higher temperature Cu-Au-Mo core not intersected, hypothesized to lie to west, fault-bounded, under cover.

SAT Property – Covered target

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IP chargeability anomaly extends to the west 750 m and to the southwest 1.5 km from nearest drilling.

SAT Property – 3D chargeability

Historical drill hole

Proposed drill hole

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Based on alteration assemblages encountered in historical drilling, higher temperature alteration assemblages lie to west-southwest.

SAT Property – 3D alteration model

Chlorite-pyrite

Epidote-quartz-sericite-pyrite ± chalcopyrite

Potassic (proposed)


Proposed drill hole

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SAT14-4: 105 m (47 to 152 m) @ 0.12% Cu- 834 ppm Cu over entire hole (14 to 239 m)

SAT Property – Proximal drilling

SAT14-4: 105 m @ 0.12% Cu

227 m – Massive pyrite with quartz

93.5 m – BFP dike and qtz veining


Proposed drill hole19

SAT14-3: 105 m (11 to 116 m) @ 0.10% Cu


SAT14-3: 105 m @ 0.10% Cu


Proposed drill hole

43.5 m – Late BFP dike cutting qtz veining

69 m – Late BFP dike cutting qtz veining

209.5 m – Strong epidote-albite-pyrite

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DDH 72-12- Extensive pyrite with minor chalcopyrite

within BFP/argillite breccias, BFP dikes and argillite.- Drilled away from target area but along

contact zone of potentially larger intrusive body.


DDH 72-12


Proposed drill hole21

SAT Property – Proposed

RC drilling – Approximately 15 short holes

All proposed accessed from existing logging roads, though 1 km of exploration access as needed.

3 target areas- NW mag high target- NE mag low target- Main Target

Permits submitted and awaiting approval.

NW mag high

NE mag low

Main Target

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Paragon Project – Access

Paragon Project also accessed out of Tukii Lodge or Granisle.

Granisle has fuel, accommodations, services, emergency services (RCMP, BC Ambulance).

Extensive network of logging roads with logging activities ongoing.

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Paragon Project – Target Areas

HOL Prospect• 1500 m x 600 m coincident Cu-Mo soil anomaly and IP chargeability high along major NW trending fault• Nearby historical drilling encountered pyrite+chalcopyrite and biotite-feldspar porphyry dikes

Wasp Prospect• Historical drilling encountered porphyry dikes and pyrite with minor chalcopyrite

Tor Prospect• 1 km x 1 km coincident IP chargeability and resistivity highs• 2018 logging activity has provided access to this area

HOL Prospect

Wasp Prospect

Tor Prospect

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Paragon Project – Target Areas

Big Joe Prospect• Two historical trenches in covered area – Chalcopyrite +/- bornite in both trenches – no drilling to date

Rebinsky Prospects• 2018 logging activity uncovered several showings – up to 1.8% Cu in outcrop• Sulphide showings over 2.5 km area• Strong quartz-sericite-pyrite+/-magnetite alt’n proximal to buried magnetic anomaly

Target 7• Buried magnetic anomaly bound by 2 regional NW-trending faults

Big Joe

Rebinsky Prospects

Target 7

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Paragon Project – Pictures

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Rebinsky showings

Uncovered in 2018, discovered by local prospector and property optioned to PEMC.

Photos taken in November 2018 by R. Ritchie

Chalcocite on quarry face

Chalcocite-chalcopyrite in epiclastic volcanic – 1.8% Cu

Chalcopyrite blebsIn andesite breccia

Strong quartz-sericite-pyrite alteration

Rhyolite dike with pyrite

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Looking N at east-west trending magneticanomaly (northern Rebinsky prospect)

Looking NW at HOL Prospect(left edge of distant hill)

Paragon Project – Pictures

Rebinsky showings

Uncovered in 2018, discovered by local prospector and property optioned to PEMC.

Photos taken in November 2018 by R. Ritchie

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Paragon Project – Proposed

2019 Proposed Exploration

1200 soil samples on Rebinskyground- Thin veneer of cover should allow

for geochemical expression to reach surface

RC drilling in 7 target areas- approximately 40 short holes

(~125m)- Majority off existing logging

roads, approximately 3 km of access trail to reach certain drill holes.

Permits submitted and awaiting approval.

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Bulkley Property – Geology

Stikine Terrane- Mesozoic island arc and

continental arc volcanic and sedimentary assemblages

Mid-Jurassic to Cretaceous Intrusions- Late Cretaceous Bulkley Intrusive

Suite prospective for porphyry Cu-Mo ± Au deposits.

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Bulkley Property – Magnetics

Regional NRCAN magnetics show Bulkley Property to be underlain by arcuate magnetic high anomaly

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Bulkley Property – Magnetics

2014 Airborne magnetics show circular “Bull’s Eye” magnetite destruction signature

2018 passive seismic survey over target area indicates approximately 15 to 20 metres of overburden- conducive to exploration with RC

drill

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Bulkley Property – Proposed

2019 Proposed exploration

8 – 10 RC drill holes off existing logging roads and roughly 500 m of new exploration access

Permits submitted and awaiting approval

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Bulkley Property – Picture

Picture taken from above by drone showing Bulkley covered target(September 2018, R. Ritchie)

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project portfolio · developed in arc-derived mesozoic volcanic and sedimentary assemblages. bell...

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