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Pacific Ridge Completes Drill Program at RDP Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - September 1, 2022) - Pacific Ridge Exploration ...
About this update from Pacific Ridge Exploration Ltd.
[{"type":"text","content":"Pacific Ridge Completes Drill Program at RDP Copper-Gold ProjectVancouver, British Columbia--(Newsfile Corp. - September 1, 2022) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (\"Pacific Ridge\" or the \"Company\") is pleased to announce that the Company has completed its first ever diamond drill program at the RDP copper-gold project (\"RDP\" or the \"Project\"), located in northcentral British Columbia (see Figure 1). The Company completed 1,861 m of drilling at RDP in six drill holes. The RDP drill program is being funded by Antofagasta Minerals S.A. (\"Antofagasta\"), a subsidiary of Antofagasta PLC (LSE: ANTO), who can earn a 75% interest in the Project by spending $10,000,000 on exploration over eight years and delivering a preliminary economic assessment report. Pacific Ridge is the operator and supported the drill program from the Kliyul copper-gold project (\"Kliyul\") camp where the planned 6,000 m diamond drill program is ongoing.Figure 1RDP Location MapTo view an enhanced version of Figure 1, please visit:https://images.newsfilecorp.com/files/5460/135666_59921b86f4f3ab25_001full.jpgAbout RDP Located 40 km west of the Company's flagship Kliyul, RDP is over 10,000 hectares in size and lies within the Stikine Terrane, which is host to numerous significant porphyry deposits in northern British Columbia, including Kemess, Red Chris, Kerr-Sulphurets and Galore Creek. The Project is also in a similar geological environment to NorthWest Copper's East Niv discovery, which adjoins RDP to the north.RDP contains several porphyry copper-gold targets (Roy, Day, Porcupine, and Bird - see Figure 2), that have been explored intermittently since the early 1970's, including prospecting and mapping, various geochemical surveys, ground and airborne geophysical surveys, trenching and a limited amount of drilling. The Project is underlain by lower Hazelton Group volcanic and sedimentary rocks (Lower Jurassic) of andesitic and dacitic composition and the Gyr rhyolite porphyry; and by Late Triassic to Early Jurassic plutonic rocks including the Fir gabbro and Roy plutonic suite with porphyritic plugs, sills, and stocks of monzodiorite composition.Figure 2RDP Target AreasTo view an enhanced version of Figure 2, please visit:https://images.newsfilecorp.com/files/5460/135666_59921b86f4f3ab25_002full.jpgDay TargetMineralization at ...