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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 gold_strikeon Feb 15, 2020 1:35pm
147 Views
Post# 30695620

Summary of Pac Ridge 2020 exploration plans

Summary of Pac Ridge 2020 exploration plans
Highlights from updated Jan 2020 corporate presentation
https://www.pacificridgeexploration.com/site/assets/files/6019/2020-01-16-cp-pex.pdf
 
Shares Outstanding: 31,729,009
Cash position: $850,000
 
Newly acquired Kliyul Porphyry Au-Cu Project
 
2020 Program:
-A comprehensive data review is planned prior to laying out the 2020 exploration program.
-Drill-ready opportunity to make a significant gold-copper porphyry discovery
-High development potential due to location in well mineralized and prolific mining belt and proximity to infrastructure
-Indication that system can produce high Au-Cu grades
 
Mariposa
 
-2.74 gpt Au over 33.7 m drilled a few years ago
-2019 New Discovery: Seven samples collected from float of quartz vein and stockwork material at the Hackly Zone averaged 2.50 gpt Au and 5.67 gpt Ag, with the highest, 9.75 gpt Au and 15.7 gpt Ag from a hematite-rich sample of quartz vein; adjacent to active placer gold mining.
-Likely follow up exploration of Hackly zone in 2020, per Carlson
 
Fyre lake payments to Pac Ridge:
 
-Final Payment - $1.22 million (due on Kudz Ze Kayah Production Financing, but no later than December 2020)

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