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Drill Program at Kliyul Copper-Gold Project to Be Increased from 7,000 M to 9,000 M; Largest Ever Drill Program
Vancouver, British Columbia--(Newsfile Corp. - July 25, 2023) - Pacific Ridge Exploration Ltd. (T...
About this update from Pacific Ridge Exploration Ltd.
[{"type":"text","content":"Drill Program at Kliyul Copper-Gold Project to Be Increased from 7,000 M to 9,000 M; Largest Ever Drill ProgramVancouver, British Columbia--(Newsfile Corp. - July 25, 2023) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (\"Pacific Ridge\" or the \"Company\") is pleased to announce that it is increasing the size of the diamond drill program at its 100% owned Kliyul copper-gold project (\"Kliyul\" or the \"Project\"), located in the prolific Quesnel Trough in north-central British Columbia, from 7,000 m to 9,000 m. This will be the largest ever drill program to take place at Kliyul.The Company is reallocating the Chuchi copper-gold project (\"Chuchi\") 2023 exploration budget (\"Chuchi Budget\") to fund the expanded drill program at Kliyul. The 2023 B.C. wildfire season is already the worst on record and the planned 2,000 m diamond drill program at Chuchi had to be cancelled due to fires - an Area Restriction order is in place for the Nation Lakes area, where Chuchi is located. While most of the Chuchi Budget will be reallocated to Kliyul, the Company plans to use some of it for an Induced Polarization (\"IP\") survey at the Onjo copper-gold project (\"Onjo\"), which adjoins the western boundary of Centerra Gold Inc.'s (\"Centerra\") Mount Milligan Mine (See Figure 1 for a location map).The RDP copper-gold project (\"RDP\"), under option to Antofagasta Minerals S.A. (\"Antofagasta\"), a wholly owned subsidiary of Antofagasta PLC, is unaffected by fires and the planned 1,800 m diamond drill program is expected to commence in August.\"Although fires prevented us from drilling Chuchi, reallocating the Chuchi Budget for an expanded drill program at Kliyul dramatically increases our chances of success this year,\" said Blaine Monaghan, President & CEO of Pacific Ridge. In addition, we can further advance Onjo, which has excellent potential for the discovery of an alkalic porphyry copper-gold deposit.\"Figure 1 - Location of Kliyul, Chuchi, Onjo, and RDPTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5460/174714_686ceb8494f90ac1_001full.jpg2023 Kliyul Drill Program UpdateTwo diamond drill rigs are on site and Pacific Ridge has completed 3,160 metres of the planned 9,000 m drill program.The two main objectives of this year's drill program at Kliyul:Test for extensions ...