Pacific Imperial Mines Signs Revised Option Letter Agreement to Acquire 100% of Babine Property with Demonstrated Porphyry Copper Potential
(TheNewswire)
Vancouver, British Columbia –TheNewswire - December 22, 2025 – Pacific ImperialMines Inc. (TSX.V: PPM) (“Pacific Imperial”or the “Company”) is pleased to announce it has entered into an optionletter agreements dated December 19, 2025 (“Option Agreement”)whereby the Company may acquire a 100% interest in the Babineexploration property in Central British Columbia. The project is roadaccessible with demonstrated porphyry copper potential.
The Babine property consists of three mineral claimscovering 2,226 hectares located 1.5 km north of Granisle Mine. TheCompany may exercise the option on the Babine property by paying anaggregate cash consideration of $120,000, issuing 750,000 commonshares of the Company and incurring exploration expenditures on theProperty of $1,756,000 all in staged amounts by December 31, 2029.(See table below) Upon the exercise of the option, the Company willown a 100% interest in the Babine property. The Babine property issubject to a 1.5% net smelter returns royalty held by four privateowners.
-1 | -2 | -3 | -4 |
Payment Period | Cash or Share | Share Issuance | Expenditures |
Payment | |||
By December 31, 2025 | $6,000 | ||
On Approval from TSX | 300,000 | ||
On or before July 31, 2026 | 150,000 | $50,000 | |
On or before Dec 31, 2026 | 150,000 | ||
On or before Dec 31, 2027 | 150,000 | $200,000 | |
On or before Dec 31, 2028 | $45,000 | $500,000 | |
On or before Dec 31, 2029 | $75,000 | $1,000,000 | |
TOTAL: | $120,000 | 750,000 | $1,756,000 |
The Babine property is extensively till covered butprevious exploration; including, prospecting, geophysics and drillinglocated sulphide mineralization in several areas. A number ofsemi-circular magnetic anomalies similar in size and shape to the Belland Granisle mines are located on the property but have only beensubject to cursory exploration. Recent work by other companies tothe north of the Babine project have had success with deep drillingtargeting pre-existing geochemical and geophysical anomalies.
The Babine Project is situated within the Babine Porphyry Belt, anortherly trending zone containing past Cu-Au-Mo producers (Granisleand Bell deposits) in addition to more recently defined Cu-Au-Modeposits and advanced prospects. The project consists of a northeasttrending claim block covering 2,226 hectares with its center pointapproximately 8km northeast of the Granisle pit and 9km due east ofthe Bell pit. The area is relatively flat lying, extensively coveredby glacial till and is easily accessed through a large network oflogging roads. Mineralization within the project area was initiallydiscovered by drill testing induced polarization chargeability highsthat were conducted over a previously defined airborne EM conductor. All of the previous drilling was relatively shallow with severaldrill holes that intersected sedimentary rocks hosting disseminated tonarrow zones of semi-massive sulphide mineralization with anomalous,but sub-economic grades of copper and gold. More recent airbornemagnetic surveys over the area suggest that intrusive rocks mayunderly the sedimentary cover. In particular, a northeast trendingmagnetic feature is on strike with a northeast trending mineralizeddyke within the Granisle deposit. Recent exploration drilling in thedistrict has been successful in defining potentially economicmineralization within the sedimentary cover as well as in adjacentand/or underlying intrusions, high-lighting the need for moreextensive exploration within the district.
The Option Agreement is subject to the Companyobtaining the approval of the TSX Venture Exchange. The Common Sharesissued under the Option Agreement will be subject to a hold periodending four months and one day after the date of issuance inaccordance with applicable securities laws.
Qualified Person Statement
Pacific Imperial Mines disclosure of technical andscientific information in this news release has been reviewed by PeterHolbek, Director, Pacific Imperial Mines Inc. Mr. Holbek, B.SC (Hons),M.Sc. P. Geo. is the qualified person as defined by NationalInstrument 43-101 and has approved the technical information in thisrelease.
About Pacific Imperial Mines
Pacific Imperial is a mineral exploration company basedin Vancouver, Canada, engaged in the acquisition, exploration,evaluation and development of mineral properties in an acceptable riskenvironment. The Company’s current focus is on the Brownell propertyin Saskatchewan.
ON BEHALF OF THE BOARD OF DIRECTORS
“Chris McLeod”
Chris McLeod, Chairman
For further information please contact:
Chris McLeod, CEO and President,
Email: investor@pacificimperialmines.com
Neither the TSX Venture Exchange nor its RegulationService Provider (as the term is defined in the policies of the TSXVenture Exchange) has reviewed or accepts responsibility for theadequacy or accuracy of the contents of this News Release.
Copyright (c) 2025 TheNewswire - All rights reserved.
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