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.
Pacific Ridge Exploration Ltd (PEXZF) delivers focused copper-gold exploration through strategic projects in British Columbia's premier mining districts. This news hub provides investors and industry observers with timely updates on drilling results, corporate developments, and technical advancements.
Access consolidated reports on resource estimates, geophysical survey findings, and partnership announcements. Our repository includes earnings disclosures, project acquisition details, and exploration program updates, all essential for understanding the company's progress in developing porphyry copper-gold systems.
Regularly updated with verified operational data and regulatory filings, this page serves as your primary source for tracking Pacific Ridge's activities in well-established mining jurisdictions. Discover how advanced techniques like ZTEM electromagnetic surveys and diamond drilling inform their exploration strategy.
Bookmark this page for efficient monitoring of material developments. Combine technical updates with corporate news to maintain a comprehensive view of Pacific Ridge's position in the mineral exploration sector.
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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