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Pacific Ridge Hits Porphyry Copper-Gold Mineralization in All Three Diamond Drill Holes Completed at the RDP Copper-Gold Project; Step Out Drilling at Day Target Successful; New Discovery at Bird Target
Vancouver, British Columbia--(Newsfile Corp. - November 23, 2023) - Pacific Ridge Exploration Ltd...
About this update from Pacific Ridge Exploration Ltd.
[{"type":"text","content":"Pacific Ridge Hits Porphyry Copper-Gold Mineralization in All Three Diamond Drill Holes Completed at the RDP Copper-Gold Project; Step Out Drilling at Day Target Successful; New Discovery at Bird TargetVancouver, British Columbia--(Newsfile Corp. - November 23, 2023) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQWN) (\"Pacific Ridge\" or the \"Company\") is pleased to announce results from this year's diamond drill campaign 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 (ANTO: LSE), 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 supported the diamond drill program from Kliyul camp. The 2023 diamond drilling program at RDP totaled 1,428 metres in three drill holes (RDP-23-007 to RDP-23-009) and tested the Day target (\"Day\") and the Bird target (\"Bird\") (see Figure 2). Two drill holes were completed at Day (RDP-23-007 and RDP-23-008) where drill hole RDP-22-005 returned 107.2 m of 1.39% copper equivalent* (\"CuEq\") or 2.06 g/t gold equivalent**(\"AuEq\") (0.63% copper, 1.10 g/t gold, and 2.91 g/t silver) within 497.2 m of 0.66% CuEq or 0.97 g/t AuEq (0.37% copper, 0.40 g/t gold, and 1.60 g/t silver) (see news release dated October 25, 2022). The two holes completed at Day were large step-outs over 300 m to the northeast and northwest from the collar location for RDP-22-005. In addition, a single diamond drill hole tested Bird (RDP-23-009), located approximately 2.0 km north of Day, where Pacific Ridge discovered porphyry copper-gold mineralization in a stream cutbank in 2022.HighlightsDrill hole RDP-23-007 at Day ended in strong porphyry copper-gold mineralization: 19.0 m of 0.45% CuEq* or 0.67 g/t AuEq** (0.32% copper, 0.19 g/t gold, and 1.08 g/t silver) (see Table 1).The dimensions of Day are now ~290 m east-west, ~100 m north-south, and up to ~600 m vertical depth. It remains open to the east and west, and at depth (see Figures 3 and 4).Drill hole RDP-23-009 was the first diamond drill hole to tes...