Pacific Ridge Provides Overview of 2024 Activities and Plans for 2025
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZ) has provided an overview of its 2024 activities and 2025 plans. In 2024, the company raised $3,467,999 to advance its copper-gold porphyry projects in British Columbia. Key achievements include completing an inaugural diamond drill program at Chuchi with 2,716m in five holes, conducting a ZTEM survey at Kliyul, and performing an IP survey at Redton.
For 2025, Pacific Ridge plans to diversify its portfolio by acquiring copper porphyry projects in the United States during Q1, spin out its Yukon gold projects into a new company in H1, and pursue a joint venture partner for Kliyul. The company aims to expand its footprint into areas with some of the world's largest copper porphyry mines while maintaining its focus on copper-gold porphyry exploration in British Columbia.
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZ) ha fornito una panoramica delle sue attività per il 2024 e dei piani per il 2025. Nel 2024, l'azienda ha raccolto $3.467.999 per far avanzare i suoi progetti di porfirico rame-oro in Columbia Britannica. Tra i risultati chiave c'è il completamento di un programma inaugurale di perforazione a diamante a Chuchi con 2.716 m in cinque fori, la conduzione di un'indagine ZTEM a Kliyul e l'esecuzione di un'indagine IP a Redton.
Per il 2025, Pacific Ridge prevede di diversificare il suo portafoglio acquisendo progetti di porfirico rame negli Stati Uniti nel primo trimestre, scorporando i suoi progetti d'oro nello Yukon in una nuova azienda nel primo semestre e perseguendo un partner per una joint venture a Kliyul. L'azienda mira ad espandere la sua presenza in aree con alcune delle più grandi miniere di porfirico rame al mondo, mantenendo al contempo il suo focus sull'esplorazione di porfirico rame-oro in Columbia Britannica.
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZ) ha proporcionado una visión general de sus actividades para 2024 y sus planes para 2025. En 2024, la empresa recaudó $3,467,999 para avanzar en sus proyectos de pórfido de cobre y oro en la Columbia Británica. Los logros clave incluyen la finalización de un programa inaugural de perforación con diamante en Chuchi, con 2,716 m en cinco perforaciones, la realización de una encuesta ZTEM en Kliyul y la ejecución de una encuesta IP en Redton.
Para 2025, Pacific Ridge planea diversificar su cartera adquiriendo proyectos de pórfido de cobre en los Estados Unidos durante el primer trimestre, escindiendo sus proyectos de oro en Yukon en una nueva empresa en el primer semestre y buscando un socio de joint venture para Kliyul. La empresa tiene como objetivo expandir su huella en áreas con algunas de las minas de pórfido de cobre más grandes del mundo, mientras mantiene su enfoque en la exploración de pórfido de cobre y oro en la Columbia Británica.
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZ)는 2024년 활동과 2025년 계획에 대한 개요를 제공했습니다. 2024년 동안, 회사는 브리티시컬럼비아에서 구리-금 포르프리 프로젝트를 추진하기 위해 $3,467,999를 모금했습니다. 주요 성과로는 Chuchi에서 2,716m를 다섯 개의 구멍에 걸쳐 다이아몬드 시추 프로그램을 완료하고, Kliyul에서 ZTEM 조사를 실시하며, Redton에서 IP 조사를 수행한 것이 포함됩니다.
2025년에는 Pacific Ridge가 첫 분기 동안 미국에서 구리 포르프리 프로젝트를 인수하여 포트폴리오를 다각화할 계획이며, 첫 번째 반기에는 Yukon의 금 프로젝트를 신규 회사로 분할하고 Kliyul의 공동 투자 파트너를 추구할 예정입니다. 회사는 브리티시컬럼비아에서 구리-금 포르프리 탐사에 계속 집중하면서 세계에서 가장 큰 구리 포르프리 광산이 있는 지역으로 발판을 넓히는 것을 목표로 하고 있습니다.
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZ) a fourni un aperçu de ses activités prévues pour 2024 et de ses projets pour 2025. En 2024, l'entreprise a levé 3 467 999 $ pour faire avancer ses projets de porphyre cuivre-or en Colombie-Britannique. Parmi les réalisations clés, on note l'achèvement d'un programme de forage diamant inaugural à Chuchi avec 2 716 m répartis sur cinq forages, la réalisation d'une enquête ZTEM à Kliyul et la réalisation d'une enquête IP à Redton.
Pour 2025, Pacific Ridge prévoit de diversifier son portefeuille en acquérant des projets de porphyre cuivre aux États-Unis au premier trimestre, en séparant ses projets aurifères du Yukon en une nouvelle entreprise au premier semestre, et en recherchant un partenaire de coentreprise pour Kliyul. L'entreprise vise à étendre son empreinte dans des régions abritant certaines des plus grandes mines de porphyre de cuivre au monde tout en maintenant son accent sur l'exploration de porphyres cuivre-or en Colombie-Britannique.
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZ) hat einen Überblick über seine Aktivitäten für 2024 und die Pläne für 2025 gegeben. Im Jahr 2024 hat das Unternehmen 3.467.999 $ gesammelt, um seine Kupfer-Gold-Porphyr-Projekte in British Columbia voranzutreiben. Zu den wichtigsten Erfolgen zählen der Abschluss eines ersten Diamantbohrprogramms in Chuchi mit 2.716 m in fünf Löchern, die Durchführung einer ZTEM-Umfrage in Kliyul und die Durchführung einer IP-Umfrage in Redton.
Für 2025 plant Pacific Ridge, sein Portfolio zu diversifizieren, indem es im ersten Quartal Kupfer-Porphyr-Projekte in den Vereinigten Staaten erwirbt, seine Goldprojekte im Yukon im ersten Halbjahr in ein neues Unternehmen ausgliedert und einen Partner für ein Joint Venture in Kliyul sucht. Das Unternehmen hat sich zum Ziel gesetzt, seinen Fußabdruck in Regionen mit einigen der größten Kupfer-Porphyr-Minen der Welt auszudehnen, während es weiterhin auf die Erkundung von Kupfer-Gold-Porphyren in British Columbia fokussiert bleibt.
- Raised $3.47M for project advancement
- Four of five drill holes at Chuchi were among the best-ever recorded
- ZTEM survey at Kliyul confirmed potential for larger mineralization system
- IP survey at Redton confirmed a porphyry exploration target near NorthWest's Kwanika
- None.
Vancouver, British Columbia--(Newsfile Corp. - December 30, 2024) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZ) (FSE: PQWN) ("Pacific Ridge" or the "Company") is pleased to provide an overview of its 2024 activities and its plans for 2025.
2024 Highlights:
- Raised
$3,467,999 t o advance the Chuchi copper-gold porphyry project ("Chuchi"), the Kliyul copper-gold porphyry project ("Kliyul"), and the Redton copper-gold porphyry project ("Redton"), all located in the prolific Quesnel terrane in northcentral British Columbia (see Figure 1).
- Completed its inaugural diamond drill program at Chuchi (see news release dated November 25, 2024). Drilled 2,716 m in five holes testing a 750 m strike length at the BP Zone ("BPZ")(see Figures 2 and 3). Four of the five drill holes were among the best-ever recorded at Chuchi, which suggests that historical drilling results are reliable and that there is greater continuity of mineralization across BPZ than previously known.
- Completed an airborne Z-Axis Tipper Electromagnetic (ZTEM) survey at its
100% owned Kliyul (See news release dated November 14, 2024). The results of the ZTEM survey bolster the Company's confidence that the final drill hole of the 2023 exploration program, drill hole KLI-23-069, intersected a mineralized quartz diorite porphyry stock, believed to be the mineralizing or source pluton. Further, the results also suggest that Pacific Ridge has only drilled one part of the porphyry system at the Kliyul Main Zone ("KMZ") exposed in the valley bottom and that much of the system remains undiscovered and hidden to the north where a large MVI magnetic anomaly underlies historical surface showings, the Klip occurrence and the Pacific Sugar occurrence (see Figures 4 and 5).
- Completed an induced polarization ("IP") survey at its
100% owned Redton, which adjoins the eastern boundary of NorthWest Copper Corp.'s ("NorthWest") Kwanika (see news release dated October 15). The IP survey confirmed a porphyry exploration target, the NEX target, within 3 km of NorthWest's Kwanika South Zone copper-gold-molybdenum porphyry deposit (see Figure 6).
2025 Plans:
- Pacific Ridge will seek to diversify its project portfolio by acquiring a copper porphyry project(s) located in the United States. Currently, all five of the Company's copper-gold porphyry projects are located in British Columbia. Pacific Ridge has been actively evaluating opportunities using the following criteria: discovery potential, road accessible, ability to conduct exploration on a year-round basis, can acquire a
100% interest, and located on Bureau of Land Management or patented land in a mining-friendly state. The Company expects to announce an acquisition(s) sometime in Q1, 2025.
- During H1, 2025, Pacific Ridge will start the process of spinning out its Yukon gold projects into a new company. The Company's Yukon project portfolio includes the Mariposa gold project ("Mariposa"). Drill highlights at Mariposa include drill hole 11-MP-01 which returned 6.44 g/t gold over 11.1 m within 2.44 g/t gold over 39 metres (see news release dated July 28, 2011).
- Pacific Ridge will actively pursue a joint venture partner to advance Kliyul and to test the thesis that much of the porphyry system at KMZ remains undiscovered and hidden to the north.
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"We are very excited about our future plans," said Blaine Monaghan, President and CEO of Pacific Ridge. "Acquiring a copper porphyry project or projects in the United States complements our existing corporate strategy, copper-gold porphyry exploration in British Columbia, and will expand our footprint into areas that include some of world's largest copper porphyry mines. I look forward to providing further updates regarding our plans over the weeks and months ahead."
Figure 1
Location of Pacific Ridge's Copper-Gold Porphyry Projects
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Figure 2
2024 BPZ Drill Holes in Plan View With 3D ZTEM Model in Background
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Figure 3
2024 Chuchi Drilling With 3D ZTEM Model in Background (550 m Wide Slice) and TMI Magnetics on Surface
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Figure 4
2024 ZTEM MVI KMZ Cross Section
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Figure 5
2024 ZTEM MVI KMZ Plan View
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Figure 6
Redton 2024 Induced Polarization Survey Plan and Target Conceptualization
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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 plans to acquire a copper porphyry project(s) in the United States, plans to spin out the Yukon gold project portfolio, and plans to joint venture Kliyul. 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235460
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