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Pacific Ridge Announces Gold-Copper Acquisition in British Columbia
Vancouver, British Columbia--(Newsfile Corp. - January 17, 2020) - Pacific Ridge Exploration L...
About this update from Pacific Ridge Exploration Ltd.
[{"type":"text","content":"Pacific Ridge Announces Gold-Copper Acquisition in British ColumbiaVancouver, British Columbia--(Newsfile Corp. - January 17, 2020) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (\"Pacific Ridge\" or the \"Company\") announces that it has signed an earn-in agreement with Aurico Metals Inc. (\"Aurico\"), a wholly owned subsidiary of Centerra Gold Inc. to acquire up to a 75% interest in the Kliyul and Redton copper-gold porphyry projects, British Columbia (the \"Properties\").\"We are excited about the discovery potential of these very well-located projects, within a prolific mineral and mining belt\" commented Gerry Carlson, President of Pacific Ridge. \"The Kliyul project hosts some promising gold-copper intersections from historical drilling on the Kliyul Zone (see table below), with numerous other untested targets within a four-km long altered and mineralized corridor.\"About KliyulKliyul is a 6,000-ha advanced exploration project located 50 km southeast of the Kemess mine and 5 km from the Omineca mining road and power line in one of the most geochemically anomalous areas for copper and gold in the Quesnel Terrane. The property contains several Minfile occurrences, including four major target areas: Kliyul, Bap Ridge, Ginger-Shadow and M39, each representing an interpreted porphyry centre over a 4 km strike length.The Kliyul Zone is the most intensely explored of these, with 33 drill holes (5,524 m) drilled since 1974, most of which targeted a near-surface Cu-Au magnetite skarn zone. Deeper drilling in 2015 encountered a porphyry gold-copper system. Drill highlights are shown in the table below:RefHoleFrom(m)To(m)Width(m)Cu(%)Au(gpt)CuEQ(%)*AuEQ(gpt)*AKL-510.868.357.50.320.991.141.38BKL-630.178.948.80.311.331.411.71CKL-720.071.051.00.171.191.151.40DKL-93-446.0102.056.00.340.891.071.30EKL-93-516.076.060.00.261.341.371.66FKL-06-3022.0239.8217.80.230.520.660.80GKL-06-31346.0378.032.00.210.620.720.87KL-15-3332.5194.9162.40.200.260.410.50HKL-15-3437.590.052.50.240.170.380.46IKL-15-34123.0368.0245.00.180.530.620.75JKL-15-34280.6301.020.40.392.552.493.02KKL-15-34426.0465.739.70.200.660.740.90LKL-15-35331.0380.049.00.160.220.340.41MKL-15-35399.5462.863.30.260.280.490.60NKL-15-35414.0433.519.50.430.560.891.08OKL-15-35474.7502.027.30.110.180.260.31*CuEQ = ((Cu(%) x $2.65 x 22.0642) + (Au(gpt) x $1,500 x 0.032151)) / ($2.65 x 22.0642)*Au...