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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

Comment by StrikeGoldon Feb 15, 2022 10:02pm
95 Views
Post# 34432389

RE:RE:RE:RE:Rocketred

RE:RE:RE:RE:RocketredObsolutely expectations were very high for the last hole given the outstanding results of the first two.   So the share price likely did get ahead of itself, and now has corrected.    Nothing earth shattering or horrific in this drop however.   

Now management will get to planning the next drill program using these results and modifying the locations and drill depths accordingly.   For one, they will get below that dike that disrupted drilling in this last hole:

"Near the bottom of the KLI-21-038, Cu-Au values  both increase and are associated with increased anhydrite and epidote veining which could indicate proximity to another zone of higher grade mineralization. "
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