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Pacific Ridge Exploration Ltd V.PEX

Alternate Symbol(s):  PEXZF

Pacific Ridge Exploration Ltd. is a Canada-based copper-gold exploration company. The Company's British Columbia projects include Kliyul, Redton, RDP, Onjo and Chuchi. The Company's Yukon Projects include Mariposa, Eureka Dome and Gold Cap. The Company owns 100% of the Kliyul copper-gold project, which is over 90 square kilometers (km2) in size and is located in the prolific Quesnel Terrane close to existing infrastructure. Its Redton project is a porphyry Cu-Au property that adjoins Northwest Copper Corporation's Kwanika property along its eastern and northern boundary. Its RDP project is an approximately 3,800 hectares (ha) project lying within the Stikine Terrane, which is host to numerous significant porphyry deposits in northern British Columbia, including Kemess, Red Chris, Kerr - Sulphurets and Galore Creek. Its Onjo project targets gold-copper porphyry deposit. The Orbison project is a reconnaissance porphyry Cu-Au exploration program in central British Columbia.


TSXV:PEX - Post by User

Comment by StrikeGoldon Nov 16, 2022 11:32am
98 Views
Post# 35103440

RE:RE:RE:New Press Release - Pacific Ridge Intersects 588.0 M of 0.41% Copper Equivalent or 0.56 g/t Gold Equivalent, Including 278.0 M of 0.67% Copper Equivalent or 0.92 g/t Gold Equivalent from the Kliyul Copper-Gold Project

RE:RE:RE:New Press Release - Pacific Ridge Intersects 588.0 M of 0.41% Copper Equivalent or 0.56 g/t Gold Equivalent, Including 278.0 M of 0.67% Copper Equivalent or 0.92 g/t Gold Equivalent from the Kliyul Copper-Gold ProjectOver reactions to specific drill hole results are common in these stocks.  IMO sellers are overlooking three points mentioned in the news release.   However, also recall that there was a lot of trading in the mid-20's just a month ago, so many may be taking their profits and moving on at this point to find their next quick profit. 
  • Every drill hole returned significant intersections at or above 0.54% CuEq or 0.74 g/t AuEq;
  • Drilling successfully extended the Kliyul Main Zone ("KMZ") mineralized body to the north, south, and at depth; it now measures approximately 550 m (WSW to ENE) x 200 m (NNW-SSE) x 600 m vertical depth; and
  • Drilling has confirmed that bounding faults of the KMZ fault block do not cut off mineralization to the north or the west. KMZ remains open in every direction.
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