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Geophysics Program Underway at Pacific Ridge's Chuchi Copper-Gold Project and Onjo Copper-Gold Project; Financing
Vancouver, British Columbia--(Newsfile Corp. - September 13, 2023) - Pacific Ridge Exploration Lt...
About this update from Pacific Ridge Exploration Ltd.
[{"type":"text","content":"Geophysics Program Underway at Pacific Ridge's Chuchi Copper-Gold Project and Onjo Copper-Gold Project; FinancingVancouver, British Columbia--(Newsfile Corp. - September 13, 2023) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (\"Pacific Ridge\" or the \"Company\") is pleased to announce that an induced polarization (\"IP\") survey is underway at the Company's Chuchi copper-gold project (\"Chuchi\") and the Onjo copper-gold project (\"Onjo\"). Both projects are located in the prolific Quesnel Terrane in northcentral B.C. (See Figure 1 for a location map).\"Although we weren't able to drill Chuchi this year due to fires, we are pleased that we will be able to further refine targets in advance of next year's planned drill program,\" said Blaine Monaghan, President & CEO of Pacific Ridge. \"Chuchi and Onjo are located in one of B.C.'s most prospective areas for new porphyry discovery and the planned IP surveys will help to unlock their exploration potential.\"Figure 1Location of Chuchi and Onjo To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5460/180439_a87ebabac4ab3b5f_001full.jpg2023 Chuchi and Onjo Geophysics ProgramIn late July, the Company announced that it had to cancel the planned exploration program at Chuchi due to wildfires and an Area Restriction order in the Nation Lakes area (see news release dated July 25, 2023). However, the order has now been lifted and Pacific Ridge has resumed the planned IP survey at Chuchi, which was expanded to include the Company's 100% owned Onjo project.A total of 37.5 line-kms is planned in eight IP lines at Chuchi and Onjo (see Figure 2). This includes three IP lines (12.5 line-km) at Chuchi to further extend historical IP survey coverage over the BP and Klaw zones (See Figure 3); three IP lines (15 line-km) at Chuchi South over Coho and Coho West (see Figure 3); and two IP lines at Onjo over Chica and Gingla (see Figure 4), which were defined during the 2022 Onjo exploration program (see news release dated December 13, 2022).Figure 2Planned IP Lines at Chuchi and OnjoTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5460/180439_a87ebabac4ab3b5f_002full.jpgAbout ChuchiChuchi is more than 16,000 hectares in size and is comprised of three claim blocks, Chuchi, under option from Cent...