2021 exploration program
Commenting on hole KL-15-34 at Kliyul: It’s interesting how when some read 0.53 g/t gold and .18 copper over 245 meters, they see the .53 and immediately tune out, completely ignoring the 245 meters at depth which indicates a very large gold/copper footprint. So given the geology, it’s quite possible there can be highly concentrated gold and copper related to the same event, such as the 2.55 g/t for 20 meters along the same hole. So Pac Ridge will be busy this summer trying to find that possible next discovery of an economic gold/copper deposit based on the available geological studies, magnetic surveys, and knowing that there is already a very large gold and copper mineralization occurrence.
Basically it’s game of finding if and where prior volcanic fluids accumulated the gold and copper in quantities that are economical to mine. Ironically, glacial till that can hide big deposits are a mixed blessing, because otherwise they would have been more likely to have been found and mined already (The recent Blackwater gold deposit in B.C. being a prime example - ironically they were looking for silver). With the current market cap, a really good hit will reward investors nicely. Good to have funding needs for drilling offset this year with an expected $1.2 million payment for their Fyre lake option, which will help reduce future stock dilution.
Perhaps the new CEO will aid in acquiring an additional property or two this year, as alluded to in the last news release.
"I look forward to working with Gerry and Danette Schwab, Pacific Ridge's VP Exploration, as we advance the Kliyul copper-gold project, our flagship project, and acquire additional copper-gold projects to achieve that goal," he added.