pacific imperial mines inc (PPM) Snapshot

Pacific Imperial Mines, Inc. announced 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 1,300 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.

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.