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Pacific Ridge Intersects 497.2 M of 0.66% Copper Equivalent or 0.96 g/t Gold Equivalent, Including 107.2 M of 1.41% Copper Equivalent or 2.04 g/t Gold Equivalent from the RDP Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2022) - Pacific Ridge Exploration L...
About this update from Pacific Ridge Exploration Ltd.
[{"type":"text","content":"Pacific Ridge Intersects 497.2 M of 0.66% Copper Equivalent or 0.96 g/t Gold Equivalent, Including 107.2 M of 1.41% Copper Equivalent or 2.04 g/t Gold Equivalent from the RDP Copper-Gold ProjectVancouver, British Columbia--(Newsfile Corp. - October 25, 2022) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (\"Pacific Ridge\" or the \"Company\") is pleased to announce that drill hole RDP-22-005 returned 497.2 m of 0.66% copper equivalent (\"CuEq\") or 0.96 g/t gold equivalent (\"AuEq\"), including 107.2 m of 1.41% CuEq or 2.04 g/t AuEq, from 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). Pacific Ridge's inaugural drill program at RDP totaled 1,861 metres in six drill holes. Remaining assay results will be reported when received.The 2022 RDP drilling program was 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 (see news release dated February 8, 2022). Pacific Ridge was the operator and supported the RDP drill program from the Kliyul camp.HighlightsStarting near surface, hole RDP-22-005 returned 497.2 m of 0.66% CuEq or 0.96 g/t AuEq (0.37% copper, 0.40 g/t gold, and 1.6 g/t silver), including 107.2 m of 1.41% CuEq or 2.04 g/t AuEq (0.63% copper, 1.10 g/t gold, and 2.91 g/t silver; see Table 1).The longest, highest-grade interval ever returned from RDP.Drilling intersected zoned sulfide mineralization including a central bornite-chalcopyrite mineralized interval over approximately 260 m, from 75 m to 335 m.Quote\"Last drilled in 2011, the initial results from our inaugural drill program at RDP far exceeded our expectations,\" said Blaine Monaghan, President & CEO of Pacific Ridge. \"Hole RDP-22-005 is the longest, highest-grade copper-gold interval ever returned from RDP. In fact, it is one of the longest, highest-grade copper-gold intervals to be reported in B.C. this year.\"Table 1Drill hole RDP-22-005 assay results summaryHole NoFrom (m)To (m)Width (m)Cu (%)Au (g/t)Ag (g/t)CuEq* (%)AuEq** (g/t)RDP22-00515.8513.0497.20.370.401.600.660.96Includes15.857.041.20.801.473.26...