Fyre Lake in 2015COPPER/GOLD/COBALT – Pacific Ridge Exploration Ltd. Oct. 10 reported that Merah Resources Ltd. has begun a field exploration program at the Fyre Lake copper-gold-cobalt massive sulfide deposit, located in the Finlayson Lake District, Yukon Territory. Merah can earn up to a 70 percent interest in Fyre Lake by paying C$650,000 and issuing shares with a value of $650,000 to Pacific Ridge, and completing a minimum of C$6.5 million in exploration over four years. If Merah completes the 70 percent earn-in, Pacific Ridge will then have the option of retaining a 30 percent participating joint venture interest or reducing to a 20 percent interest, carried to a positive feasibility study. The current field work program includes a helicopter borne electromagnetic and magnetic survey being flown under contract to Geotech Ltd. of Aurora, Ontario. The survey is designed to detect extensions to the known Kona zone mineralization as well as other possible massive sulfide zones within the property. It is planned that the survey results will help to guide Merah’s program of in-fill and step-out drilling proposed for Fyre Lake in 2015. In addition, Merah is sampling and re-assaying select samples from a 1996-97 drill program. Once this sampling has been completed, Merah will initiate a re-estimation of the Kona Zone mineral resource.