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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 StrikeGoldon May 17, 2024 1:44pm
157 Views
Post# 36045914

Doubled in

Doubled in

Took some losses on a few other exploration stocks to have funds to double my position here yesterday and today
 
 Reason's:  
 
  --Potential of economic discoveries on multiple properties.    
 
  --Airborne exploration program to help locate deeper high grade mineralization on Kliyul is ready to go and funded and in fact will start very soon (should be announcement in a couple weeks?), even though funds for drilling on Chuchi is uncertain for this season. 
 
  --RDP in my view was given up on by the former JV partner way too soon. When they didn't find high grade in large step out holes there, they were too quick to stop funding. However the funding they did added value to Pac Ridge's future exploration there, especially the nice grade hole there from 2022. 
   
    --Best long term prospects of raising more money in the future, finding a partner, or a sale of assets, of any other stock in my exploration portfolio right now given the persisting lousy market conditions in the exploration sector  
 
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