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Pacific Ridge Intersects 305.5 M of 0.62% Copper Equivalent Within 540.3 M of 0.46% Copper Equivalent at the Kliyul Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - August 23, 2023) - Pacific Ridge Exploration Ltd. ...
About this update from Pacific Ridge Exploration Ltd.
[{"type":"text","content":"Pacific Ridge Intersects 305.5 M of 0.62% Copper Equivalent Within 540.3 M of 0.46% Copper Equivalent at the Kliyul Copper-Gold ProjectVancouver, British Columbia--(Newsfile Corp. - August 23, 2023) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (\"Pacific Ridge\" or the \"Company\") is pleased to announce that the first four diamond drill holes (KLI-23-51 to KLI-23-054) from this year's exploration program at the Kliyul copper-gold porphyry project (\"Kliyul\" or \"Project\") intersected significant copper-gold mineralization with drill hole KLI-23-054 returning 305.5 m of 0.62% copper equivalent (\"CuEq\") (0.23% copper, 0.51 g/t gold, and 1.22 g/t silver) within 540.3 m of 0.46% CuEq (0.19% copper, 0.36 g/t gold, and 1.09 g/t silver). Kliyul is located in the prolific Quesnel Trough in northcentral British Columbia close to existing infrastructure (see Figure 1). HighlightsKLI-23-054 returned 305.5 m of 0.62% CuEq (0.23% copper, 0.51 g/t gold, and 1.22 g/t silver) within 540.3 m of 0.46% CuEq (0.19% copper, 0.36 g/t gold, and 1.09 g/t silver) (see Table 1, Figure 2, and Figure 3).KLI-23-052, a 130 m step out southeast from KLI-06-30, returned 137.0 m of 0.42% CuEq (0.22% copper, 0.26 g/t gold, and 1.41 g/t silver) from 63.0 m. KLI-23-052 also returned 27.8 m at 0.67% CuEq (0.29% Cu, 0.51 g/t Au and 2.05 g/t silver) from 161.2 m, and 63.2 m at 0.40% CuEq (0.23% copper, 0.21 g/t gold, and 1.53 g/t silver) from 403.8 m.KLI-23-051, a 110 m south-southeast step out from KLI-22-043, intersected 36.0 m of 0.43% CuEq (0.22% copper, 0.28 g/t gold, and 1.37 g/t silver) from 70.0 m. The drill hole ended early at 138 m due to technical difficulties in a cross-fault structure.KLI-23-053, a steeply drilled 130 m south-southeast step out from KLI-22-043, returned 31.5 m of 0.45% CuEq (0.27% copper, 0.24 g/t gold, and 0.93 g/t silver) from 102.5 m.The first four drill holes have expanded the known extents of the Kliyul Main Zone (KMZ) mineralized body to 600 m east-west, up to 450 m north-south (previously 350 m north-south), and up to 600 m vertical depth.A combination of IP chargeability high (>20 mV/V), DC resistivity high (>2000 ohm-m) and moderate-to-high MVI Induced 3D model values continues to be a reliable geophysical targeting signature for mineralization at Kliyul. Pacific Ridge has completed approximately 6,500 ...