VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 23, 2013) - Pacific Imperial Mines Inc. ("the Company") (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 (CBPM) 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.
On behalf of the Board of Directors
PACIFIC IMPERIAL MINES INC.
H. Leo King, President and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), accept responsibility for the adequacy or accuracy of this News Release. This news release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.
Contact Information:
Leo King
President
604-669-6332
604-688-9336 (FAX)
investor@pacificimperialmines.com