Pacific Ridge to Display Chuchi Drill Core at PDAC Core Shack
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) announced it will display drill core from its Chuchi copper-gold project at the 2025 PDAC Core Shack on March 2-3 at booth #3114A. The company will also discuss plans to drill the RDP copper-gold project and meet with potential joint venture partners for the Kliyul copper-gold project.
At Chuchi, Pacific Ridge's 2024 inaugural drill program completed 2,716m across five holes, with all intersecting copper-gold mineralization. Drill hole CH-24-073 returned 65.0m of 0.42% copper equivalent within 382.0m of 0.27% copper equivalent.
The RDP project, previously under option to Antofagasta Minerals, delivered impressive results in 2022 with hole RDP-22-005 returning 107.2m of 1.39% copper equivalent within 497.2m of 0.66% copper equivalent.
At Kliyul, where Pacific Ridge has invested ~$14.0 million since 2020, drilling has increased the mineralized extents tenfold. The project remains open in multiple directions and is available for joint venture.
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) ha annunciato che esporrà campioni di perforazione del suo progetto Chuchi rame-oro presso il PDAC Core Shack 2025 il 2-3 marzo allo stand #3114A. L'azienda discuterà anche i piani per perforare il progetto RDP rame-oro e incontrerà potenziali partner per joint venture per il progetto Kliyul rame-oro.
Nel progetto Chuchi, il programma di perforazione inaugurale del 2024 di Pacific Ridge ha completato 2.716m su cinque fori, tutti intersectando mineralizzazione rame-oro. Il foro di perforazione CH-24-073 ha restituito 65.0m di 0.42% equivalente rame all'interno di 382.0m di 0.27% equivalente rame.
Il progetto RDP, precedentemente sotto opzione ad Antofagasta Minerals, ha fornito risultati impressionanti nel 2022 con il foro RDP-22-005 che ha restituito 107.2m di 1.39% equivalente rame all'interno di 497.2m di 0.66% equivalente rame.
Nel progetto Kliyul, dove Pacific Ridge ha investito circa $14.0 milioni dal 2020, la perforazione ha aumentato dieci volte l'estensione mineralizzata. Il progetto rimane aperto in più direzioni ed è disponibile per joint venture.
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) anunció que exhibirá núcleos de perforación de su proyecto de cobre-oro Chuchi en el PDAC Core Shack 2025 el 2-3 de marzo en el stand #3114A. La empresa también discutirá planes para perforar el proyecto de cobre-oro RDP y se reunirá con posibles socios para joint venture para el proyecto de cobre-oro Kliyul.
En Chuchi, el programa de perforación inaugural de 2024 de Pacific Ridge completó 2,716m en cinco pozos, todos intersectando mineralización de cobre-oro. El pozo de perforación CH-24-073 devolvió 65.0m de 0.42% equivalente de cobre dentro de 382.0m de 0.27% equivalente de cobre.
El proyecto RDP, previamente bajo opción de Antofagasta Minerals, entregó resultados impresionantes en 2022 con el pozo RDP-22-005 devolviendo 107.2m de 1.39% equivalente de cobre dentro de 497.2m de 0.66% equivalente de cobre.
En Kliyul, donde Pacific Ridge ha invertido aproximadamente $14.0 millones desde 2020, la perforación ha aumentado diez veces las extensiones mineralizadas. El proyecto permanece abierto en múltiples direcciones y está disponible para joint venture.
퍼시픽 리지 탐사 (TSXV: PEX) (OTCQB: PEXZF)는 2025 PDAC 코어 쉑에서 3월 2-3일 부스 #3114A에서 추치 구리-금 프로젝트의 시추 코어를 전시할 것이라고 발표했습니다. 회사는 RDP 구리-금 프로젝트에 대한 시추 계획을 논의하고 클리율 구리-금 프로젝트의 잠재적 공동 투자 파트너와 만날 것입니다.
추치에서 퍼시픽 리지의 2024년 첫 시추 프로그램은 5개의 구멍에서 2,716m를 완료하였으며, 모든 구멍이 구리-금 광물화와 교차했습니다. 시추 구멍 CH-24-073은 382.0m의 0.27% 구리 등가물 내에서 65.0m의 0.42% 구리 등가물을 반환했습니다.
RDP 프로젝트는 이전에 안토파가스타 미네랄스에 옵션이 있었으며, 2022년에 RDP-22-005 구멍이 497.2m의 0.66% 구리 등가물 내에서 107.2m의 1.39% 구리 등가물을 반환하면서 인상적인 결과를 보여주었습니다.
클리율에서는 퍼시픽 리지가 2020년 이후 약 1,400만 달러를 투자했으며, 시추로 인해 광물화 범위가 10배 증가했습니다. 이 프로젝트는 여러 방향으로 열려 있으며 공동 투자에 열려 있습니다.
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) a annoncé qu'elle exposera des carottes de forage de son projet de cuivre-or Chuchi au PDAC Core Shack 2025 les 2 et 3 mars au stand #3114A. L'entreprise discutera également des plans de forage pour le projet de cuivre-or RDP et rencontrera des partenaires potentiels pour des coentreprises pour le projet de cuivre-or Kliyul.
Au Chuchi, le programme de forage inaugural de 2024 de Pacific Ridge a complété 2 716 m sur cinq trous, tous intersectant une minéralisation de cuivre-or. Le trou de forage CH-24-073 a retourné 65,0 m de 0,42 % d'équivalent cuivre dans 382,0 m de 0,27 % d'équivalent cuivre.
Le projet RDP, précédemment sous option à Antofagasta Minerals, a donné des résultats impressionnants en 2022 avec le trou RDP-22-005 retournant 107,2 m de 1,39 % d'équivalent cuivre dans 497,2 m de 0,66 % d'équivalent cuivre.
Au Kliyul, où Pacific Ridge a investi environ 14,0 millions de dollars depuis 2020, le forage a multiplié par dix les étendues minéralisées. Le projet reste ouvert dans plusieurs directions et est disponible pour des coentreprises.
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) gab bekannt, dass es Bohrkerne seines Chuchi Kupfer-Gold-Projekts am 2.-3. März 2025 am PDAC Core Shack am Stand #3114A ausstellen wird. Das Unternehmen wird auch Pläne zur Bohrung des RDP Kupfer-Gold-Projekts besprechen und potenzielle Partner für Joint Ventures für das Kliyul Kupfer-Gold-Projekt treffen.
Im Chuchi-Projekt hat das erste Bohrprogramm von Pacific Ridge im Jahr 2024 2.716 m über fünf Löcher abgeschlossen, wobei alle Kupfer-Gold-Mineralisierung durchdrangen. Das Bohrloch CH-24-073 lieferte 65,0 m mit 0,42% Kupferäquivalent innerhalb von 382,0 m mit 0,27% Kupferäquivalent.
Das RDP-Projekt, das zuvor unter Option bei Antofagasta Minerals war, lieferte 2022 beeindruckende Ergebnisse mit dem Loch RDP-22-005, das 107,2 m mit 1,39% Kupferäquivalent innerhalb von 497,2 m mit 0,66% Kupferäquivalent lieferte.
Im Kliyul-Projekt, in das Pacific Ridge seit 2020 etwa 14,0 Millionen Dollar investiert hat, hat die Bohrung die mineralisierten Ausdehnungen verzehnfacht. Das Projekt bleibt in mehreren Richtungen offen und steht für Joint Ventures zur Verfügung.
- All 5 drill holes at Chuchi intersected copper-gold mineralization
- Drill hole CH-24-073 returned 65.0m of 0.42% CuEq within 382.0m of 0.27% CuEq
- RDP drill hole RDP-22-005 returned 107.2m of 1.39% CuEq within 497.2m of 0.66% CuEq
- Kliyul mineralized zone increased tenfold through Pacific Ridge's drilling efforts
- Kliyul is located near existing infrastructure (8km to Omineca Resource Road and 230 kV power line)
- Company seeking joint venture partners for Kliyul project, suggesting possible funding constraints
- RDP project reverted to Pacific Ridge after Antofagasta Minerals ended their option agreement
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2025) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQWN) ("Pacific Ridge" or the "Company") is pleased to announce that it has been invited to display drill core from the Chuchi copper-gold project ("Chuchi") at the 2025 PDAC Core Shack. Management will also be available to discuss the Company's plans to drill the RDP copper-gold project ("RDP") and to meet with potential joint venture partners for the Kliyul copper-gold project ("Kliyul"). Chuchi, RDP, and Kliyul are located in north-central B.C. (see Figure 1).
PDAC Core Shack
Pacific Ridge will be displaying Chuchi drill core on Sunday, March 2, and Monday, March 3, at booth # 3114A. To schedule a meeting to learn more about Chuchi, RDP, Kliyul or our plans for 2025, please email info@pacificridgeexploration.com.
Figure 1: Location of Pacific Ridge's Copper-Gold Porphyry Projects
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5460/242253_fbd8869114252aa6_001full.jpg
Chuchi Highlights
- Pacific Ridge completed 2,716 m in five diamond drill holes (CH-24-070 to CH-24-074) over a 750 m strike length across the BP Zone ("BPZ") in its inaugural 2024 drill program at Chuchi.
- Every drill hole intersected alkalic porphyry copper-gold mineralization consisting of chalcopyrite and pyrite hosted in breccias, veins and as disseminated mineral replacements.
- Of the 89 historical drill holes completed at Chuchi, only one historical drill hole, drill hole CH-91-42, returned higher copper-gold equivalent values over the length of a mineralized intersection. The next four best were completed by Pacific Ridge. Further, drill hole CH-24-070 encountered the deepest mineralization to date at 420 m vertical depth
- Drill hole CH-24-073 returned 65.0 m of
0.42% copper equivalent1 ("CuEq") or 0.63 g/t gold equivalent2 ("AuEq") (0.31% copper, 0.16 g/t gold, and 0.69 g/t silver) within 382.0 m of0.27% CuEq1 or 0.41 g/t AuEq2 (0.19% copper, 0.12 g/t gold, and 0.47 g/t silver)(see news release dated November 25, 2024).
- The last hole of the program, drill hole CH-24-074, was drilled near the interpreted centre of the system. The last 51.0 m returned
0.33% CuEq1 or 0.48 g/t AuEq2 (0.22% copper, 0.15 g/t gold, and 0.49 g/t silver). A subtle increase in copper-gold grade with depth, metal ratio signature, and highest MPIx ("MDRU Porphyry Index") value of the program, suggests a vector towards a porphyry core.
- BPZ is just one of several porphyry targets that occur within a six-kilometre-long porphyry trend, and it remains open laterally and to depth.
- The program revealed there are at least two mineralized porphyritic intrusions at Chuchi, one in BPZ and another in the Digger Zone. Both are open laterally and at depth, and the Company believes these represent the upper part of a large porphyry copper-gold system.
- Chuchi is a two-hour drive from Fort St. James and the 2024 drill program was completely ground-supported.
RDP Highlights
100% owned by Pacific Ridge, RDP was under option to Antofagasta Minerals S.A. from 2022 to 2024.
- Located in B.C.'s Golden Horseshoe at the southern end of the Toodoggone District in north-central B.C., a prolific area for porphyry copper-gold exploration: Past-producing Kemess (2.975 Moz of gold and 749 Mlbs of copper produced from 1998 to 20113), Kemess Underground (Measured and Indicated mineral resource containing 2.265 Moz gold and 779 Mlbs copper4), and Amarc Resources Ltd. recent high-grade porphyry copper-gold-silver discovery at AuRORA (drill hole JP-24-074 returned 108 m of
2.59% CuEq within 162 m of1.90% CuEq5).
- Five diamond drill holes, totaling 1,392 m, were completed at the Day target ("Day") in 2022 with drill hole RDP-22-005 returning 107.2 m of
1.39% CuEq1 or 2.06 g/t AuEq2 (0.63% copper, 1.10 g/t gold, and 2.91 g/t silver) within 497.2 m of0.66% CuEq2 or 0.97 g/t AuEq2 (0.37% copper, 0.40 g/t gold, and 1.60 g/t silver)(see news release dated October 25, 2022).
- This was one of the best porphyry copper-gold intervals reported in B.C. in 2022.
- Only two drill holes, totaling 987 m, were completed at Day in 2023. Drill hole RDP-23-007 was collared 330 metres northwest of RDP-22-005 and intersected 19.0 m of
0.45% CuEq1 or 0.67 g/t AuEq2 (0.32% copper, 0.19 g/t gold, and 1.08 g/t silver) at the bottom of the hole (see news release dated November 23, 2023), which supports Pacific Ridge's interpretation of a tabular porphyry system with a steeply north-dipping pipe vectoring towards a larger porphyry source at depth.
- Pacific Ridge doesn't believe that the 2023 drill program adequately tested this interpretation.
- Targeting the porphyry source at Day will be the focus of the 2025 RDP drill program.
Kliyul Highlights
100% owned by Pacific Ridge, the Company has spent ~$14.0 million on exploration at Kliyul since 2020.
- Kliyul is over 90 km2 in size and is located in the prolific Quesnel terrane close to existing infrastructure, ~8 km to the Omineca Resource Road and a 230 kV high-voltage power line.
- A six-kilometre long porphyry copper-gold trend, comprised of favourable geology, geochemistry, alteration, and geophysics, exists at Kliyul but the Kliyul Main Zone ("KMZ") has been the focus since 2021.
- Drilling by Pacific Ridge has increased the mineralized extents of KMZ tenfold. Pre-2021, the mineralized extents measured ~350 m E-W x ~150 m N-S x ~400 m vertical depth. After the last round of drilling, the known mineralized extents measure ~760 m E-W x ~600 m N-S x ~650 m vertical depth. KMZ remains open to the North, West, East, Southeast, and at depth.
- The best drilling result in 2021 was 316.7 m of
0.79% CuEq1 and 1.17 g/t AuEq2 (0.30% copper, 0.70 g/t gold and 2.17 g/t silver) within 566.7 m of0.51% CuEq1 and 0.75 g/t AuEq2 (0.20% copper, 0.44 g/t gold and 1.39 g/t silver) from KLI-21-037 (see news release dated January 31, 2022).
- The best drilling result in 2022 was 328.0 m of
0.64% CuEq1 and 0.95 g/t AuEq2 (0.25% copper and 0.57 g/t gold) within 526 m of0.49% CuEq1 and 0.74 g/t AuEq2 (0.25% copper, 0.57 g/t gold and 1.25 g/t silver) from KLI-22-050 (see news release January 18, 2023).
- The best drilling result in 2023 was 305.5 m of
0.59% CuEq1 and 0.87 g/t AuEq2 (0.23% copper, 0.51 g/t gold and 1.22 g/t Ag) within 540.3 m of0.44% CuEq1 and 0.65 g/t AuEq2 (0.19% copper, 0.36 g/t gold and 0.65 g/t silver) from KLI-23-054 (see news release August 23, 2023).
- Drill hole KLI-23-069, the last hole of the 2023 drilling program, returned 45.0 m of
0.58% CuEq or 0.86 g/t AuEq (0.38% copper, 0.28 g/t gold, and 2.20 g/t silver) within 570.0 m of0.27% CuEq or 0.40 g/t AuEq (0.14% copper, 0.18 g/t gold, and 0.99 g/t silver)(see news release dated January 29, 2024). The 45 m interval, at 584 m downhole depth, is the deepest mineralized interval ever encountered at Kliyul and provides a northward and down-plunge vector for a higher-grade porphyry centre at KMZ.
- Kliyul is available for joint venture.
About Pacific Ridge
Pacific Ridge is one of B.C.'s leading copper-gold exploration companies. The Company'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
1CuEq = ((Cu%) x $Cu x 22.0462) + (Au(g/t) x AuR/CuR x $Au x 0.032151) + (Ag(g/t) x AgR/CuR x $Ag x 0.032151)) / ($Cu x 22.0462).
2AuEq = ((Au(g/t) x $Au x 0.032151) + ((Cu%) x CuR/AuR x $Cu x 22.0462) + (Ag(g/t) x AgR/CuR x $Ag x 0.032151)) / ($Au x 0.032151).
Commodity prices: $Cu = US
There has been no metallurgical testing on Chuchi, Kliyul or RDP mineralization. The Company estimates copper recoveries (CuR) of
Factors: 22.0462 = Cu% to lbs per tonne, 0.032151 = Au g/t to troy oz per tonne, and 0.032151 = Ag g/t to troy oz per tonne.
3Witte, A., Bostwick, C., Skrecky, G., Bent, H., Jakubec, J., Volk, J., Major, K., and Corpuz, P., 2013. NI 43-101 technical report for the Kemess Underground project, British Columbia, Canada: Prepared by SRK Consulting (Canada) Inc. for AuRico Gold Inc., 249 p.
4https://wp-centerra-2023.s3.ca-central-1.amazonaws.com/media/2024/02/14172557/Mineral-Reserves-and-Mineral-Resources-Table-FY2023.pdf
5https://amarcresources.com/site/assets/files/5949/january_17_2025_f.pdf
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 prepared under the supervision of, and reviewed and approved by. Danette Schwab, P.Geo., Vice President Exploration of the Company, and a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
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, are forward-looking statements. Forward looking statements in this news release include plans to drill RDP. 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 at least one of the options will be exercised; that Pacific Ridge and other parties will be able to satisfy stock exchange and other regulatory requirements in a timely manner; that TSXV approval will be granted in a timely manner subject only to standard conditions; that all conditions precedent to the Agreements will be satisfied 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/242253
FAQ
What results did Pacific Ridge report from its 2024 Chuchi copper-gold drilling program?
When and where will Pacific Ridge (PEXZF) display its Chuchi drill core at PDAC 2025?
What were the best drilling results from Pacific Ridge's RDP copper-gold project?
How much has Pacific Ridge invested in the Kliyul copper-gold project since 2020?
Is Pacific Ridge (PEXZF) seeking joint venture partners for any of its projects?
