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Pacific Ridge Intersects 437 Metres of 0.61% CuEq or 0.96 g/t AuEq, Including 291.7 Metres of 0.75% CuEq or 1.18 g/t AuEq, in First Drill Hole at Kliyul Copper-Gold Project; Best Kliyul Interval Ever
Vancouver, British Columbia--(Newsfile Corp. - December 1, 2021) - Pacific Ridge Exploration L...
About this update from Pacific Ridge Exploration Ltd.
[{"type":"text","content":"Pacific Ridge Intersects 437 Metres of 0.61% CuEq or 0.96 g/t AuEq, Including 291.7 Metres of 0.75% CuEq or 1.18 g/t AuEq, in First Drill Hole at Kliyul Copper-Gold Project; Best Kliyul Interval EverVancouver, British Columbia--(Newsfile Corp. - December 1, 2021) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (\"Pacific Ridge\" or the \"Company\") is pleased to announce assay results from the first of three diamond drill holes completed during the 2021 drilling campaign at the Company's Kliyul copper-gold porphyry project (\"Kliyul\" or \"Project\"), located in the prolific Quesnel Trough in Northwest British Columbia (see Figure 1). Drill hole KLI-21-036 highlights:437.0 m of 0.61% copper equivalent (CuEq) or 0.96 g/t gold equivalent (AuEq) comprising 0.22% copper and 0.60 g/t gold containing: 53.0 m 0.75% CuEq or 1.17 g/t AuEq comprising 0.22% copper and 0.83 g/t gold; and 291.70 m of 0.75% CuEq or 1.18 g/t AuEq comprising 0.28% copper and 0.74 g/t gold, including;141.0 m of 1.07% CuEq or 1.68 g/t AuEq comprising 0.36% copper and 1.11 g/t gold.Starting at surface, this is the longest and highest-grade interval ever returned from Kliyul, far surpassing the best previous result of 245.0 m of 0.52% CuEq or 0.81 g/t AuEq comprising 0.18% copper and 0.53 g/t gold, which was drilled by Teck Resources in 2015 (see Table 2 for selected historical drill results).Assay results from the remaining two drill holes, KLI-21-037 and KLI-21-038, will be reported when available. \"The results from our first ever drill hole at Kliyul far exceeded our expectations,\" said Blaine Monaghan, President and CEO of Pacific Ridge. \"They are, in fact, the best drill results ever to be reported from Kliyul. Although we are still waiting for assay results from the remaining two drill holes, hole KLI-21-036 gives us the confidence to begin planning an expanded 2022 drill program at Kliyul. I would like to congratulate Dr. Gerry Carlson, Pacific Ridge's Executive Chair, Danette Schwab, the Company's VP Exploration, and our technical committee for their fine work.\"Discussion of drill hole KLI-21-036This hole tested for at-depth extensions of mineralized zones encountered in 2006 and 2015 by previous operators at the Kliyul Main Zone (\"KMZ\"). The entire core, from the top of bedrock at 12 m to the bottom of the hole at 449 m, averaged 0.22% Cu...