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pacific imperial mines inc (PPM) Details

Pacific Imperial Mines Inc., a mineral exploration company, engages in the acquisition, exploration, evaluation, and development of mineral properties. It focuses on the acquisition of gold and base metal properties. The company holds a 100% interest in the Marcionilio nickel-copper property, which covers an area of 10,090 hectares and is located in east-central Bahia State, Brazil. Pacific Imperial Mines Inc. is based in Vancouver, Canada.

pacific imperial mines inc (PPM) Top Compensated Officers

Chief Executive Officer, President, Director ...
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Compensation as of Fiscal Year 2013.

pacific imperial mines inc (PPM) Key Developments

Pacific Imperial Mines, Inc. Auditor Raises 'Going Concern' Doubt

Pacific Imperial Mines, Inc. filed its Annual on Oct 28, 2013 for the period ending Jun 30, 2013. In this report its auditor, Manning Elliott, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Pacific Imperial Mines, Inc., Annual General Meeting, Nov 25, 2013

Pacific Imperial Mines, Inc., Annual General Meeting, Nov 25, 2013. Location: Suite 1750 - 1185. Agenda: To receive the report of the Directors; to receive the financial statements of the company for its fiscal year ended June 30, 2013 and the report of the Auditors thereon; to appoint Auditors for the ensuing year and to authorize the Directors to fix their remuneration; to determine the number of directors and to elect directors; to approve the company's stock option plan, which makes a total of 10% of the issued and outstanding shares of the company available for issuance thereunder; to consider and pass a special resolution approving the sale of the company's interest in its Brazilian subsidiary, Pacific Imperial Mineração Do Brasil Ltda (PIMB), which interest represents substantially all of the business undertaking of the company; and to transact such further or other business as may properly come before the meeting and any adjournments thereof.

Pacific Imperial Mines, Inc. Releases Assay Results for Brazilian Nickel-Copper Property

Pacific Imperial Mines, Inc. has received assay results from a recently completed diamond drill program on its Marcionilio Nickel-Copper Property in Bahia State, Brazil. The drill program was designed to test geochemically anomalous nickel and copper values in soil and rock coincident with a 1300 meter-long induced polarization (IP) anomaly occurring within a mafic-ultramafic igneous complex. A total of 703.5 meters was drilled in 3 diamond drill holes that tested the IP anomaly on 3 widely spaced sections. Hole M-01 was drilled on Section 37,000 at -50 degrees north to a hole depth of 250.6 meters to test an IP anomaly estimated to be 100 meters in width. The drill-hole collared in serpentinized peridotite and intersected a sequence of interlayered peridotite and pyroxenite ending in mineralized peridotite. Hole M-02 was drilled on Section 336,800 (200m west of Hole M-01) at -50 degrees North to a depth of 252.9 meters. The hole was laid out to test an IP anomaly estimated to be 80 meters in width. The drill-hole intersected a granitic dike containing inclusions of amphibolite and metagabbro from the collar to 192.2 meters. From 192.2 to 249.0 meters, peridotite was intersected and from 249.0 to 252.9 meters, pyroxenite. As no visible sulphides were noted, the anomaly was not adequately explained. Hole M-03 was drilled on Section 336,100 (700 m west of Hole M-02) at -60 degrees North to a depth of 200 meters. The drill-hole was laid out to test an IP anomaly estimated to be 100 meters in width. The drill-hole collared in peridotite and minor gabbro to 143.5 meters. Pyroxenite was intersected from 143.5 to 164.2m followed by peridotite from 164.2 to 194.9 meters and pyroxenite from 194.9 to 197.7 meters. The drill hole ended in a granitic dike at 202 meters.

 

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