|By Marketwired .||
|May 1, 2014 03:06 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/01/14 -- Pacific Imperial Mines Inc., (the "Company") (TSX VENTURE: PPM.H) is pleased to announce that it has been informed by the TSX Venture Exchange that its NEX Reactivation Transaction has been conditionally approved. The Company expects to receive details of requirements that must be met to obtain final Exchange approval in due course.
The transaction is an option granted by Inland Explorations Ltd. allowing the Company to earn up to a 65% interest in the Keg Mountain Property in Utah, USA. The Keg Mountain property is considered to have potential for porphyry copper and related skarn mineralization. An Induce Polarization survey has identified two subsurface target areas for drill testing. The property is also prospective for both volcanic and sedimentary rock-hosted disseminated gold deposits and polymetallic replacement deposits.
Once final approval has been received from the TSX Venture Exchange and an environmental bond posted, an initial drill program is expect to begin.
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 release. This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.
Pacific Imperial Mines Inc.
H. Leo King