IP Survey Confirms Porphyry Exploration Target at Pacific Ridge's Redton Copper-Gold Project
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) announces that an induced polarization (IP) geophysical survey at its Redton copper-gold project in British Columbia has confirmed a porphyry exploration target within 3 km of NorthWest Copper Corp.'s Kwanika South Zone deposit. Key highlights include:
1. Redton covers over 34 km² and adjoins NorthWest's Kwanika property.
2. The 2024 IP survey comprised 7.5 line-kilometers in three reconnaissance lines.
3. The survey identified a compelling target at the Northeast Kwanika South (NEX) area.
4. NEX lies at the intersection of an interpreted cross-structure with an NNW-trending lithological contact boundary.
The IP survey results, combined with structural interpretation, airborne magnetics models, soil geochemistry, and favorable geology, have increased confidence in identifying a potential new porphyry discovery. Pacific Ridge plans to follow up with additional infill survey lines and a possible drill program.
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) annuncia che un sondaggio geofisico di polarizzazione indotta (IP) presso il suo progetto Redton di rame-oro in British Columbia ha confermato un target di esplorazione porfiritico entro 3 km dal deposito Kwanika South Zone della NorthWest Copper Corp. I punti salienti includono:
1. Redton copre oltre 34 km² e si unisce alla proprietà Kwanika della NorthWest.
2. Il sondaggio IP del 2024 ha compreso 7,5 chilometri lineari in tre linee di ricognizione.
3. Il sondaggio ha identificato un obiettivo interessante nell'area del Northeast Kwanika South (NEX).
4. NEX si trova all'intersezione di una struttura trasversale interpretata con un confine litologico in direzione NNW.
I risultati del sondaggio IP, combinati con l'interpretazione strutturale, i modelli magnetici aerei, la geochimica del suolo e una geologia favorevole, hanno aumentato la fiducia nell'identificazione di una potenziale nuova scoperta porfiritica. Pacific Ridge pianifica di seguire con linee di sondaggio aggiuntive e un possibile programma di perforazione.
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) anuncia que una encuesta geofísica de polarización inducida (IP) en su proyecto de cobre-oro Redton en Columbia Británica ha confirmado un objetivo de exploración porfidico dentro de 3 km del depósito Kwanika South Zone de NorthWest Copper Corp. Los puntos clave incluyen:
1. Redton cubre más de 34 km² y colinda con la propiedad Kwanika de NorthWest.
2. La encuesta IP de 2024 comprendió 7.5 kilómetros lineales en tres líneas de reconocimiento.
3. La encuesta identificó un objetivo atractivo en el área del Northeast Kwanika South (NEX).
4. NEX se encuentra en la intersección de una estructura cruzada interpretada con un límite de contacto litológico en dirección NNW.
Los resultados de la encuesta IP, combinados con la interpretación estructural, modelos de magnetismo aéreo, geoquímica del suelo y una geología favorable, han aumentado la confianza en la identificación de un posible nuevo descubrimiento porfidico. Pacific Ridge planea dar seguimiento con líneas de encuesta adicionales y un posible programa de perforación.
퍼시픽 리지 탐사(Pacific Ridge Exploration) (TSXV: PEX) (OTCQB: PEXZF)는 브리티시 컬럼비아에 위치한 그들의 레드톤(Redton) 구리-금 프로젝트에서 유도 전기 분극(IP) 지구물리 조사를 통해 NorthWest Copper Corp.의 Kwanika South Zone 매장지에서 3km 이내에 포르피리 탐사 목표가 확인되었다고 발표했습니다. 주요 사항은 다음과 같습니다:
1. 레드톤은 34 km² 이상을 커버하며 NorthWest의 Kwanika 자산과 인접합니다.
2. 2024년 IP 조사는 세 개의 정찰 라인에서 총 7.5기장 킬로미터를 포함했습니다.
3. 조사는 Northeast Kwanika South (NEX) 지역에서 매력적인 목표를 확인했습니다.
4. NEX는 NNW 방향의 지질학적 경계와 해석된 교차 구조의 교차점에 위치합니다.
IP 조사 결과에 구조 해석, 항공 자기 모델, 토양 지화학 및 유리한 지질학이 결합되어 잠재적인 새로운 포르피리 발견을 식별하는 데 대한 신뢰가 높아졌습니다. 퍼시픽 리지는 추가적인 보충 조사 라인과 가능한 시추 프로그램으로 후속 조치를 취할 계획입니다.
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) annonce qu'une enquête géophysique de polarisation induite (IP) sur son projet de cuivre-or Redton en Colombie-Britannique a confirmé un objectif d'exploration porphyrique dans un rayon de 3 km du dépôt Kwanika South Zone de NorthWest Copper Corp. Les points clés comprennent :
1. Redton couvre plus de 34 km² et jouxte la propriété Kwanika de NorthWest.
2. L'enquête IP de 2024 comprenait 7,5 kilomètres linéaires répartis sur trois lignes de reconnaissance.
3. L'enquête a identifié un objectif convaincant dans la zone Northeast Kwanika South (NEX).
4. NEX se trouve à l'intersection d'une structure transversale interprétée avec une limite de contact lithologique en direction NNW.
Les résultats de l'enquête IP, combinés avec l'interprétation structurelle, les modèles magnétiques aériens, la géochimie des sols et une géologie favorable, ont accru la confiance dans l'identification d'une potentielle nouvelle découverte porphyrique. Pacific Ridge prévoit de suivre avec des lignes d'enquête supplémentaires et un possible programme de forage.
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) kündigt an, dass eine geophysikalische Untersuchung zur induzierten Polarisation (IP) in ihrem Kupfer-Gold-Projekt Redton in British Columbia ein Porphyr-Explorationsziel innerhalb von 3 km des Kwanika South Zone-Lagers von NorthWest Copper Corp. bestätigt hat. Zu den wichtigsten Punkten gehören:
1. Redton umfasst über 34 km² und grenzt an das Kwanika-Eigentum von NorthWest.
2. Die IP-Untersuchung 2024 umfasste 7,5 Linienkilometer in drei Erkundungslinien.
3. Die Untersuchung identifizierte ein vielversprechendes Ziel im Gebiet Northeast Kwanika South (NEX).
4. NEX liegt an der Kreuzung einer interpretierten Querstruktur mit einer NNW-verlaufenden lithologischen Kontaktgrenze.
Die Ergebnisse der IP-Untersuchung, kombiniert mit struktureller Interpretation, Luftmagnetik-Modellen, Boden-Geochemie und einer günstigen Geologie, haben das Vertrauen in die Identifizierung einer potenziellen neuen Porphyr-Entdeckung erhöht. Pacific Ridge plant, mit weiteren Detailuntersuchungen und einem möglichen Bohrprogramm nachzufassen.
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Vancouver, British Columbia--(Newsfile Corp. - October 15, 2024) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQWN) ("Pacific Ridge" or the "Company") is pleased to announce that the induced polarization ("IP") geophysical survey recently completed at its
Highlights:
- Redton is over 34 km2 and adjoins the eastern boundary of NorthWest's Kwanika, which hosts two deposits, the Kwanika South Zone copper-gold-molybdenum porphyry deposit and the Kwanika Central Zone copper-gold porphyry deposit.
- The 2024 Redton IP survey comprised 7.5 line-kilometers in three reconnaissance lines to test three target areas in the northern half of the Project. The survey was conducted in early September (see Figure 2).
- The Project features a 5-km-long north-northwest trend of porphyry copper-gold targets located within the Hogem intrusive suite, 3.5 km northeast of the NNW trend of the Kwanika deposits.
- The middle line of the IP survey tested the Northeast Kwanika South ("NEX") target where topography, AeroTEM, and 3D model inversions suggest there is a northeast trending cross-structure extending onto Redton from the Kwanika South Zone deposit.
- The NEX target lies at the intersection of this interpreted cross-structure with an NNW-trending lithological contact boundary1 that has Late Triassic mafic (gabbro-diorite) rocks on the west and Early Jurassic monzonitic rocks on the east. The Kwanika deposits (200 Ma2; Early Jurassic) lie on the western side of the Late Triassic mafic domain. NEX lies on its eastern side.
"I'm very pleased that the IP survey confirmed the presence of a compelling porphyry exploration target within 3-km of the Kwanika deposits," said Blaine Monaghan, President and CEO of Pacific Ridge. "The results of the IP survey, combined with structural interpretation, models of airborne magnetics, soil geochemistry and favourable geology, have increased our confidence that we have identified an exploration target that could result in a new porphyry discovery. We plan to follow up with additional infill survey lines and a possible drill program."
IP Survey at Redton
The 2024 Redton IP survey comprised three east-west lines (2.5 line-km each totaling 7.5 line-km) at 800 m line-spacing. These lines tested three target areas in the northern half of the Project including a portion of the historical East Swan target, the historical Redton East target, and the more recently defined NEX target, which is similar in size and orientation as the Kwanika Central Zone. The program objective was to identify any IP geophysical signatures of interest that can be followed up with infill survey lines and an initial drill test. In addition to the IP survey, 3D MVI modelling of the 2010 AeroTEM survey aeromagnetics was completed to identify any relationships with the 2D IP inversion results.
Figure 1: Location of Redton and Pacific Ridge's Other Porphyry Copper-Gold Projects in Northcentral B>C.
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Figure 2: Redton 2024 Induced Polarization Survey Plan and Target Conceptualization
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2024 Redton IP Survey results
Results of the IP survey suggest that NEX is a porphyry target area, particularly in the hanging-wall of the interpreted NEX Fault and the footwall of an interpreted Late Triassic/Early Jurassic lithological contact. This prospective zone may continue northward into the southern part of Redton East (see Figure 2).
L6800
L6800 is the northernmost line of the IP survey and tested the Redton East target, an 800 x 700 m copper-in-soil anomaly on the northeastern side of the Property that was delineated from surface sampling programs in 1972 and by Kiska Metals Corporation in 2011-2012.
The IP line features a large resistivity high domain (>3000 ohm-m) in Hogem intrusive suite. Most of the resistivity high is within interpreted Early Jurassic monzonitic rocks. The domain appears to dip moderately to the west, suggesting the Hogem intrusive suite is moderately tilted to the east (see Figure 3 inset). There is a large chargeability anomaly starting at about 200 m depth, becoming higher intensity (>12 mV/V) by 300 m depth. Overburden is estimated at up to 100 m depth of glacial till material which may be dampening the chargeability signature.
Figure 3: 2024 IP Survey Inversion Results for L6000 Across the NEX Target With Fault Interpretation. Inset Map is DC Resistivity for the L6800 Redton East Section
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Figure 4: Top: 3D MVI Model on Section 6155950 N with Chargeability High Domain from IP Line L6000. Bottom: Schematic Interpretation of NEX Target Geology Based on Geophysical Inversions
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L6000
L6000 is the central line of the IP survey and tested NEX, a 1000 x 500 m target area identified in 2022 with a similar size and orientation as the Kwanika Central Zone depsoit. It lies at the eastern end of an interpreted NE-trending cross-structure in the AeroTEM geophysical data (AeroQuest and TechnoImaging, 2010) where it intersects with an NNW-trending lithological contact of interest in the Hogem intrusive suite. NEX has anomalous molybdenum-in-soil over the geophysical feature and anomalous copper and silver to the southeast (see Figure 2).
The IP line features a break in the resistivity high domain (see Figure 3) that aligns with an extension of the interpreted NE-trending cross-fault that continues to the western property boundary. This structure is now referred to as the NEX fault (see Figure 2). Again, this inversion section has a large chargeability high domain (>12 mV/V) that comes as close as 100 m to surface in the NEX target area (see Figure 3). The NEX fault, as interpreted from the DC resistivity inversion, intersects the chargeability high at depth, as well as a large coincident magnetic high anomaly (see Figure 4 top) and provides an important structural marker for future drill hole planning (se Figure 3).
L5200
L5200 is the southernmost line of the IP survey and tested the southern end of NEX where there is anomalous copper, bismuth and silver in surface geochemistry (see Figure 2).
The IP line features a narrower (~350 m wide) west-dipping resistivity high domain (>3000 ohm-m) underlying Early Jurassic rocks of the Hogem intrusive suite, again suggesting moderately northeast tilted geology. The southern end of NEX lies in the hanging-wall of this resistivity high domain. The chargeability high anomaly on this inversion section starts at greater depth (>500 m) but comes to surface in a 100 m wide steeply dipping pipe or lens shape feature that is 200 m from the modelled trace of NEX Fault at the western end of the section (see Figure 2), again attesting to the importance of this structure.
About Redton
Owned
Chuchi South and Chuchi West Option Amendment
In March 2023, Pacific Ridge entered into an agreement with American Copper Development Corporation ("ACDX") and Ronald Bilquist ("Bilquist") granting Pacific Ridge the option to acquire a
In addition to Chuchi South, ACDX granted Pacific Ridge the sole and exclusive right and option to acquire a
Earlier this year, the parties reached an agreement for Pacific Ridge to issue 550,000 common shares of the Company in lieu of a
The parties have now agreed to a further amendment which removes the obligation for Pacific Ridge to issue shares to exercise the Additional Interest Option. In lieu of such share issuance, Pacific Ridge must make a cash payment of
1 Cui, Y., Miller, D., Schiarizza, P., and Diakow, L.J., 2017. British Columbia digital geology. British Columbia Ministry of Energy, Mines and Petroleum Resources, British Columbia Geological Survey Open File 2017-8, 9p. Data version 2019-12-19.
2Age date for Kwanika deposit is from Logan, J.M., and Mihalynuk, M.G., 2014. Tectonic controls on Early Mesozoic paired alkaline porphyry deposit belts (Cu-Au ± Ag-Pt-Pd-Mo) within the Canadian cordillera. Economic Geology, 109, p. 827- 858.
About Pacific Ridge
Our goal is to become B.C.'s leading copper-gold exploration company. Pacific Ridge's flagship asset is its
On behalf of the Board of Directors,
"Blaine Monaghan"
Blaine Monaghan
President & CEO
Pacific Ridge Exploration Ltd.
Investor Relations:
Tel: (604) 687-4951
Email: ir@pacificridgeexploration.com
Website: www.pacificridgeexploration.com
LinkedIn: https://www.linkedin.com/company/pacific-ridge-exploration-ltd-pex-/
Twitter: https://twitter.com/PacRidge_PEX
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The technical information contained within this News Release has been reviewed and approved by Danette Schwab, P.Geo., Vice President Exploration, and a Qualified Person as defined by National Instrument 43-101 policy.
Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, which address exploration drilling and other activities and events or developments that Pacific Ridge Exploration Ltd. ("Pacific Ridge") expects to occur, are forward-looking statements. Forward looking statements in this news release include additional infill survey lines and a possible drill program at Redton. Although Pacific Ridge believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, that one of the options will be exercised, the ability of Pacific Ridge and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Pacific Ridge's proposed programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Pacific Ridge does not assume any obligation to update or revise its forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law.
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FAQ
What did the IP survey at Pacific Ridge's Redton project reveal?
How large is the Redton project and where is it located?
What are Pacific Ridge's plans following the IP survey results?
When was the IP survey at Redton conducted?
What is the significance of the NEX target at Redton?
