pacific imperial mines inc
(PPM:TXS Venture Exchange (Inactive Board))
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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.
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pacific imperial mines inc (PPM) Key Developments
Pacific Imperial Mines, Inc. announced that the company, through its Brazilian subsidiary, Pacific Imperial Mineração do Brasil Ltda. was the successful bidder and has been awarded a 100% interest in the Marcionilio Nickel-Copper property ("the Property"). The Property was recently offered for public tender by the owner, Companhia Baiana de Pesquisa Mineral (CBPM). The Property, about 10,090 hectares in size, is located in east-central Bahia State within an area offering excellent infrastructure. 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 the selected targets. The initial exploration work has outlined two targets; a nickel-copper occurrence within a mafic-ultramafic igneous complex and iron titanium-vanadium mineralization within a gabbro- anorthosite complex. On the nickel-copper target, a zone 1,100 meters by 300 meters of anomalous nickel and copper in soil and rock, co-incident with a 1,300 meter-long IP anomaly, was outlined and is ready to be tested by drilling. The company intends to complete a NI 43-101 compliant report on the property for submission to the TSX-Venture exchange in order to qualify the property as one of merit.
Pacific Imperial Mines, Inc. filed its Annual on Oct 24, 2012 for the period ending Jun 30, 2012. 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 26, 2012., at 10:00 Pacific Standard Time. Location: Suite 1750-1185 W. Georgia St. Agenda: To receive the report of the Directors; to receive the financial statements of the company for its fiscal year ended June 30, 2012 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 consider and, if thought fit, 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 there under, as described in the accompanying Information Circular dated October 22, 2012; and to transact such further or other business as may properly come before the meeting and any adjournments thereof.
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| Price/Book | 3.2x |
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To contact PACIFIC IMPERIAL MINES INC, please visit www.pacificimperialmines.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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