percussion drill program is now under way
October 16, 2014 Pacific Ridge Announces Commencement of RAB Drilling on its King Solomon Gold Project, Klondike Gold District, Yukon VANCOUVER -- Pacific Ridge Exploration Ltd. (TSX Venture: PEX - "Pacific Ridge" or the "Company") is pleased to announce that a field exploration program has commenced on its road accessible King Solomon gold project, located in Yukon's Klondike Gold District, Dawson. The program is being operated by Centerra Gold Inc. Centerra has the right to earn a 70% interest in King Solomon by paying a total of $665,000 to Pacific Ridge and the underlying property vendors and completing a minimum of $4.5 million in exploration work on the project by December 31, 2017 (for details see News Release dated September 18, 2014). The focus of the Centerra program is the King Zone, a 1,600 m long gold-in-soil geochemical anomaly that lies near the summit of King Solomon Dome, and the 800 m long Prince Zone, immediately west of the King Zone. Within these anomalies, gold values range to a maximum of 1,377 ppb, or 1.38 grams/tonne gold, above an anomaly threshold of 30 ppb gold. Work recently completed by Centerra includes a ground magnetometer survey over the entire southern portion of the property, an extension of the previous soil geochemical sampling grid and extensions to the Resistivity/Induced Polarization survey initiated by Pacific Ridge in 2013. A rotary air blast (RAB) A rotary air blast (RAB) percussion drill program is now under way.. Plans call for approximately 20 holes, to be completed over the main King Zone target, the Prince Zone and possibly other nearby targets. Results of this program will be announced as soon as they become available.