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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

Post by FANTOMASon Aug 27, 2011 11:32am
449 Views
Post# 18986004

PEX @ North of 60 Mining News, August 28, 2011

PEX @ North of 60 Mining News, August 28, 2011It´s exciting to hear John Brock looking at drillcore of hole 11MP-27 reached it´s target depth, smiling and telling the crew to keep drilling because "that is what we are looking for!".

CEO’s smile says keep drilling Mariposa

MARIPOSA – Without the sounds of an operating drill to guide our way, we wend our way from the helicopter landing zone to where the rig should be turning at Pacific Ridge Ltd.’s Mariposa gold project.

The silence emanating from the drill was not from a mechanical failure or some other technical issue – the drill crew had simply reached a predestinated depth of about 130 meters and was awaiting geologists to examine the core and to decide whether to keep drilling hole 11MP-27 or ready the rig for a move.

The smile that beamed across Pacific Ridge CEO John Brock’s face as he studied the freshly cut core said, “Keep drilling, this is what we are looking for!”

The orders implied by Brock’s smile were verbally confirmed by Pacific Ridge Vice President of Exploration Janice Fingler.

While the results of hole 27 will likely not be returned from the backed up assay labs for several weeks, hole 11MP-1 – which cut 38.9 meters averaging 2.44 grams per metric ton gold, including 11.1 meters averaging 6.44 g/t gold – provides a indication of the tenor of mineralization being sought at Mariposa.

Mariposa appears to be more akin to the Kaminak Gold Corp.’s Coffee Creek property about 12 kilometers (7.5 miles) to the southwest than Kinross Gold Corp.’s White Gold property about the same distance to the north.

Based on early exploration results, the company has increased its initial 4,000 meters of drilling to 6,000 meters. This expanded program will continue to focus on untested gold anomalies within the Skookum Jim target, one of five gold-in-soil anomalies found within a 21-square-kilometer (8-square-mile) area of the overall 262-square-kilometer (101-square-mile) property.


https://www.petroleumnews.com/pntruncate/146928883.shtml

FANTOMAS
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