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Exploration Underway at Pacific Ridge's RDP Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - August 3, 2023) - Pacific Ridge Exploration Ltd. (...
About this update from Pacific Ridge Exploration Ltd.
[{"type":"text","content":"Exploration Underway at Pacific Ridge's RDP Copper-Gold ProjectVancouver, British Columbia--(Newsfile Corp. - August 3, 2023) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (\"Pacific Ridge\" or the \"Company\") is pleased to announce that exploration 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. (\"Antofagasta\"), 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).The 2023 exploration program will include 1,800 m of diamond drilling, a 16 line-km IP survey at the Day, Porcupine, and Bird targets, rock sampling at the Porcupine target, and soil sampling at the Bird target. The surface sampling and geophysical programs are already underway, and drilling is expected to begin shortly. Drilling will initially focus on the Day Target (see Figure 2), where drill hole RDP-22-005 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). Pacific Ridge is the operator and is supporting the exploration program from the camp at Kliyul.\"The results from the 2022 drill program at RDP far exceeded our expectations,\" said Blaine Monaghan, President & CEO of Pacific Ridge. \"We intersected 107.2 m of 1.45% copper equivalent at the Day Target. Not only was this the best drill result ever returned from RDP, but it was also one of the best porphyry intercepts reported in B.C. last year. The Day Target remains open in almost every direction, and we look forward to following up on drill hole RDP-22-005.\"Figure 1 - Location of RDP and KliyulTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5460/175929_2a437344c45edbff_001full.jpgFigure 2 - RDP TargetsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5460/175929_2a437344c45edbff_002full.jpgHighlights of the 2022 Exploration ProgramHole RDP-22-005 intersected 107.2 m of 1.45% CuEq (0.63% Cu, 1.10 g/t Au, and 2.91 g/t Ag) wi...