Pacific Ridge Exploration Ltd V.PEX

Alternate Symbol(s): PEXZF

Metals & Mining Industrial Metals & Minerals

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.

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Pacific Ridge Exploration Ltd

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Post by FANTOMASon Nov 03, 2011 6:53am

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Post# 19204666

22 of 41 drill holes still to be reported

We have seen only half of the 2011 drill program assays so far.
The last report was from Sep. 27, so we are overdue.
There are 8 holes outstanding from the Skokum Main Zone and 14 holes outstanding from the Skokum West Zone (with float samples up to 19.9 g/t gold).
At $ 0.15, the fully diluted market cap is just $ 9.8 M and we have $ 2.4 M in the kitty.
Taking into account that management has massively bought in the $ 0.15-0.18 range, I would see these prices as a bargain. Especially if we get some good results from the outstanding 22 holes.
FANTOMAS

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