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Pacific Ridge Intersects 588.0 M of 0.41% Copper Equivalent or 0.56 g/t Gold Equivalent, Including 278.0 M of 0.67% Copper Equivalent or 0.92 g/t Gold Equivalent from the Kliyul Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - November 16, 2022) - Pacific Ridge Exploration ...
About this update from Pacific Ridge Exploration Ltd.
[{"type":"text","content":"Pacific Ridge Intersects 588.0 M of 0.41% Copper Equivalent or 0.56 g/t Gold Equivalent, Including 278.0 M of 0.67% Copper Equivalent or 0.92 g/t Gold Equivalent from the Kliyul Copper-Gold ProjectVancouver, British Columbia--(Newsfile Corp. - November 16, 2022) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (\"Pacific Ridge\" or the \"Company\") is pleased to announce that drill hole KLI-22-041 returned 588.0 m of 0.41% copper equivalent (\"CuEq\") or 0.56 g/t gold equivalent (\"AuEq\"), including 278.0 m of 0.67% CuEq or 0.92 g/t AuEq, from the Kliyul copper-gold porphyry project (\"Kliyul\" or \"Project\"), located in the prolific Quesnel Trough in northcentral British Columbia. The program comprised 7,014.7 metres in 12 drill holes, the largest ever drill program at the Project. Results of the first six drill holes, holes KLI-22-39 to KLI-22-44, are reported in Table 1 below.HighlightsDrill hole KLI-22-041 returned 588.0 m of 0.41% CuEq or 0.56 g/t AuEq (0.12% copper, 0.39 g/t gold, and 0.90 g/t silver), including 278.0 m of 0.67% CuEq or 0.92 g/t AuEq (0.14% copper, 0.72 g/t gold, and 0.95 g/t silver; see Table 1);Every drill hole returned significant intersections at or above 0.54% CuEq or 0.74 g/t AuEq;Drilling successfully extended the Kliyul Main Zone (\"KMZ\") mineralized body to the north, south, and at depth; it now measures approximately 550 m (WSW to ENE) x 200 m (NNW-SSE) x 600 m vertical depth; and Drilling has confirmed that bounding faults of the KMZ fault block do not cut off mineralization to the north or the west. KMZ remains open in every direction.\"Results from the first six drill holes completed at Kliyul in 2022 are a game changer,\" said Blaine Monaghan, President & CEO of Pacific Ridge. \"We intersected significant porphyry copper-gold mineralization in every drill hole, materially expanded the KMZ mineralized body, and confirmed that KMZ is not fault bound to the north or to the west. We eagerly await the results from the remaining six holes, which included several big step-out holes to the west and east of KMZ.\" Table 1 2022 Kliyul Assay Results Summary, Holes KLI-22-39 to KLI-22-44 (Results from Holes KLI-22-45 to KLI-22-50 will be Reported When Received)HoleFrom(m)To(m)Width(m)Cu(%)Au(g/t)Ag(g/t)CuEq(%)1AuEq(g/t)2KLI-22-0399.3252.03242.70.150.171.050.290.39includes22.043.421...