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Drilling Underway at Pacific Ridge's RDP Copper-gold Project
Vancouver, British Columbia--(Newsfile Corp. - August 28, 2023) - Pacific Ridge Exploration Ltd. ...
About this update from Pacific Ridge Exploration Ltd.
[{"type":"text","content":"Drilling Underway at Pacific Ridge's RDP Copper-gold ProjectVancouver, British Columbia--(Newsfile Corp. - August 28, 2023) - Pacific Ridge Exploration Ltd. (TXSV: PEX) (OTCQB: PEXZF) (\"Pacific Ridge\" or the \"Company\") is pleased to announce that drilling is underway at the RDP copper-gold project (\"RDP\" or the \"Project\"), located in northcentral British Columbia, 40 km west of the Company's flagship Kliyul copper-gold project (\"Kliyul\") (see Figure 1). Antofagasta Minerals S.A., a wholly owned subsidiary of Antofagasta PLC (LSE: ANTO), can earn a 75% interest in RDP by spending $10,000,000 on exploration over eight years and delivering a preliminary economic assessment report (See news release dated February 8, 2022). Pacific Ridge is the operator and is supporting the RDP exploration program from Kliyul camp. Figure 1Location of RDP and KliyulTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5460/178643_621c390004148a42_001full.jpg2023 RDP Exploration Program updateThe Company has completed one drill hole (RDP-23-07) of the planned 1,800 m diamond drill program so far. RDP-23-07 is a 300 m eastern step out from drill hole RDP-22-005, which intersected 107.2 m of 1.45% CuEq1 (0.63% Cu, 1.10 g/t Au, and 2.91 g/t Ag) within 497.2 m of 0.68% CuEq1 (0.37% Cu, 0.40 g/t Au, and 1.6 g/t Ag) at the Day Target in 2022 (see Figures 2 and 3).The surface geochemical grid sampling (rocks and soils) and Induced Polarization (IP) geophysical survey program is complete and focused on the Bird and Porcupine targets; an IP geophysical survey was also completed over Day. In total, 45 rock samples were collected over an 800 x 600 m area at Porcupine, 345 soil samples collected at 50 m spacing in 12 lines (100 m line-spacing) at Bird and Porcupine, five IP survey lines (9.2 line-kilometres) completed over Bird and Porcupine, and three IP survey lines (4.4 line-kilometres) completed over Day (see Figure 3).Figure 2RDP TargetsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5460/178643_621c390004148a42_002full.jpgFigure 3RDP 2023 Ground Exploration Program Showing Surface Sampling Sites and IP Survey Stations. Background is Magnetic 1VD (2011)To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5460/178643_...