Pacific Imperial Mines Inc. (TSX VENTURE:PPM.H) is pleased to announce that the Company will be undertaking a diamond drilling program on its Marcionilio Nickel-Copper Property in Bahia State, Brazil.
The property is located within excellent infrastructure; a paved road and railway cross the property and a town with basic services is located within 3 kilometers of the prospect.
The property was acquired through a public bidding process from Companhia Baiana de Pesquisa Mineral in December, 2012 and in January 2013, the Company’s Brazilian subsidiary signed an option agreement with CBPM to acquire a 100% interest in the property.
CBPM recently carried out an airborne geophysical survey followed by a program of geological mapping, soil and rock geochemistry and an induced polarization (IP) survey directed at evaluating selected targets.
The focus of the drill program is to test a nickel-copper occurrence within a mafic-ultramafic igneous complex that is defined by co-incident anomalous nickel and copper values in soil and rocks and a 1300 meter-long IP anomaly.
A program of 3 diamond drill holes totalling an estimated 700 meters is planned to test the IP anomaly. Drilling is expected to start during the last week in May.
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