Welcome to our dedicated page for Pacific Ridge Expl news (Ticker: PEXZF), a resource for investors and traders seeking the latest updates and insights on Pacific Ridge Expl stock.
Overview
Pacific Ridge Exploration Ltd (PEXZF) is a specialized copper-gold exploration company committed to advancing a portfolio of high-potential porphyry projects in British Columbia and select regions of North America. With an emphasis on copper-gold porphyry exploration, the company employs advanced techniques such as diamond drilling, Z-Axis Tipper Electromagnetic (ZTEM) surveys, induced polarization (IP) surveys, and magnetotellurics (MT) to assess and delineate mineralization zones.
Core Business and Expertise
The company focuses on identifying and evaluating copper-gold porphyry systems within prolific terranes. Its flagship asset, the Kliyul project, along with other strategic projects including Chuchi, RDP, Onjo, and Redton, are situated in areas recognized for their geological promise and proximity to existing infrastructure. Through rigorous exploration programs and a robust portfolio strategy, Pacific Ridge demonstrates deep industry expertise and an evidence-based approach to resource evaluation.
Project Portfolio
- Kliyul: A 100% owned project that spans a significant area in the Quesnel terrane, showcasing extensive mineralization and promising drilling intercepts.
- Chuchi: Comprised of multiple claim blocks, this road-accessible project offers a history of exploration with several compelling targets along a porphyry trend.
- RDP: A project that has seen methodological exploration through historical drilling and modern geophysical surveys, indicating a structurally controlled mineralized zone.
- Onjo: Located adjacent to existing mining operations, Onjo holds potential for skarn and alkalic porphyry mineralization.
- Redton: Positioned near established deposits, Redton benefits from surface geochemical indicators that warrant further detailed surveys.
Exploration Techniques and Methodologies
Pacific Ridge leverages state-of-the-art geophysical and drilling technologies to identify high-quality targets for copper and gold mineralization. The company’s strategic use of diamond drilling and advanced surveys such as ZTEM, IP, and MT facilitates a detailed understanding of subsurface geology and structural controls. These methods are integral in refining deposit models and guiding further exploration efforts.
Industry Position and Competitive Edge
The company positions itself in a competitive niche by targeting projects within Tier 1 jurisdictions, thereby mitigating geopolitical risks often encountered in other regions. Its focus on British Columbia—a region with proven mining infrastructure and regulatory stability—further enhances its market standing. Pacific Ridge maintains an unbiased, data-driven approach in its exploration strategies, ensuring that every stage of its program is underpinned by solid technical and geological foundations.
Commitment to Quality and Transparency
With a well-defined corporate strategy and a dedicated exploration team, Pacific Ridge exemplifies strong operational discipline and technical proficiency. The company’s reports and releases emphasize detailed technical information and historical data correlations, providing investors and analysts with a clear view into its exploration results and methodologies. This commitment to accuracy, transparency, and continuous improvement reinforces its expertise and trustworthiness within the exploration community.
Conclusion
Overall, Pacific Ridge Exploration Ltd offers a strategically diversified portfolio of copper-gold exploration projects, robust technical methodologies, and a focus on operative excellence in premier mining districts. Its detailed and scientific approach to exploration ensures that the company remains a significant point of reference for understanding the dynamics of copper-gold porphyry systems in British Columbia and beyond.
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) has commenced its inaugural diamond drill program at the Chuchi copper-gold project in B.C. The company plans to drill approximately 3,000 m in five or six drill holes over an 800 m strike length at the BP Zone. Chuchi is located 35 km northwest of Centerra Gold's Mount Milligan mine and is road accessible. Key highlights include:
- Previous drill highlights: 194.0 m at 0.21% Cu and 0.21 g/t Au (CH-90-27), and 229.2 m at 0.10% Cu and 0.61 g/t Au (CH-91-42)
- Pacific Ridge believes Chuchi has significant untested potential for porphyry copper-gold mineralization
- The company has completed geophysical surveys and 3D modelling to guide the current drill program
- Drilling aims to extend known mineralization along strike and at depth
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) has initiated a helicopter-borne ZTEM geophysical survey at its Kliyul copper-gold project in British Columbia. The survey will cover 599 line-kilometers, encompassing 85% of Kliyul, including key target areas. Pacific Ridge aims to expand the Kliyul Main Zone (KMZ) and identify new porphyry targets.
The company is also planning an IP survey at its Redton project and a 2,500-3,500 m diamond drill program at Chuchi. The 2023 drill program at Kliyul significantly expanded the known mineralization at KMZ to 760 m E-W x 600 m N-S x 650 m depth. The last drill hole of 2023 intersected potential higher-grade porphyry mineralization at depth, providing new vectors for targeting.
The ZTEM survey results are expected to confirm the company's understanding of the KMZ porphyry system and potentially increase its grade profile and mineralized extents.
Pacific Ridge Exploration has extended the closing date of its $2,000,000 non-brokered private placement by 30 days.
The first tranche raised $1,683,380 through the issuance of 16,250,000 flow-through units at $0.08 per unit and 5,476,858 non-flow-through units at $0.07 per unit. The final tranche is expected to close within 30 days.
Proceeds will be used for general working capital and a diamond drill program at the Chuchi copper-gold project in British Columbia, where 2,500-3,500 meters of drilling are planned for this year.
Each unit includes a common share and a warrant exercisable at $0.12 for 24 months. The securities will be under a hold period of four months plus one day post-issuance.
Proceeds from flow-through shares will be used for Canadian exploration expenses and flow-through mining expenditures, renounced to subscribers by December 31, 2024.
Pacific Ridge Exploration (TSXV: PEX, OTCQB: PEXZF, FSE: PQWN) announced the results of its Annual General and Special Meeting (AGSM) held on June 27, 2024. Key highlights included the election of directors Gerald Carlson, Blaine Monaghan, Bruce Youngman, and Gary Baschuk. Shareholders re-appointed PricewaterhouseCoopers LLP as the company's auditor and approved both a rolling incentive stock option plan and amended articles, pending TSX Venture Exchange approval.
Additionally, Salvador Miranda retired as CFO, with Harry Nijjar named as his successor. Nijjar brings extensive financial expertise as Managing Director of Malaspina Consultants Inc. Post-AGSM appointments included Gerald Carlson as Chairman, Blaine Monaghan as President & CEO, Danette Schwab as VP of Exploration, Harry Nijjar as CFO, and Arie Page as Corporate Secretary.
Pacific Ridge has announced its 2024 exploration plans, focusing on the Chuchi, Kliyul, and Redton copper-gold projects in British Columbia. The company will conduct its first-ever 2,400 m diamond drill program at the BP Zone of Chuchi, aiming to uncover deeper porphyry copper-gold mineralization. At Kliyul, ZTEM and MT geophysical surveys are planned, expected to start in mid-July to locate higher-grade mineralization. A recent drill hole (KLI-23-069) at Kliyul returned significant results, suggesting potential for a higher-grade porphyry center. An IP survey at Redton will start in July to refine future drill targets near NorthWest Copper's Kwanika deposit. CEO Blaine Monaghan expressed optimism about the potential for deeper and higher-grade discoveries.
Pacific Ridge Exploration has identified a six-kilometer-long copper-gold porphyry trend at the Chuchi copper-gold project in British Columbia. The project shows promising potential with historical resource estimates and significant untested zones for mineralization. The company aims to drill for discoveries and create value for shareholders.
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