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Pacific Ridge Intersects 89.0 M of 1.06% Copper Equivalent Within 328.0 M of 0.67% Copper Equivalent at Kliyul Copper-Gold Project; Materially Increases Size of Mineralized Body
Vancouver, British Columbia--(Newsfile Corp. - January 18, 2023) - Pacific Ridge Exploration Ltd....
About this update from Pacific Ridge Exploration Ltd.
[{"type":"text","content":"Pacific Ridge Intersects 89.0 M of 1.06% Copper Equivalent Within 328.0 M of 0.67% Copper Equivalent at Kliyul Copper-Gold Project; Materially Increases Size of Mineralized BodyVancouver, British Columbia--(Newsfile Corp. - January 18, 2023) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (\"Pacific Ridge\" or the \"Company\") is pleased to announce the remaining results from the 2022 diamond drill program completed at the Kliyul copper-gold porphyry project (\"Kliyul\" or \"Project\"), located in the prolific Quesnel Trough in northcentral British Columbia. Highlights:Drill hole KLI-22-050 returned 89.0 m of 1.06% copper equivalent (\"CuEq\") (0.28% copper, 1.05 g/t gold, and 1.20 g/t silver) within 328.0 m of 0.67% CuEq (0.25% copper, 0.57 g/t gold, and 1.25 g/t silver) (see Table 1);Drill hole KLI-22-046 extended mineralization 250 m north of the Kliyul Main Zone (\"KMZ\") and returned 59.0 m of 0.89% CuEq (0.24% copper, 0.87 g/t gold, and 2.29 g/t silver) within 169 m of 0.55% CuEq (0.20% copper, 0.46 g/t Au, and 1.65 g/t Ag); Drill hole KLI-22-049, a 300 m step out to the east of KMZ, returned 28.0 m of 0.61% CuEq (0.27% copper, 0.44 g/t gold, and 2.87 g/t silver) within 340.0 m of 0.30% CuEq (0.15% copper, 0.20 g/t Au, and 0.80 g/t Ag);2022 drilling materially increased the size of the KMZ mineralized body to approximately 600 m (E-W) x 350 m (N-S) x 600 m vertical depth from approximately 350 m (E-W) x 150 m (N-S) x 500 m vertical depth (see Figures 1 and 2); andDrilling also confirmed that the magnetic vector inversion (MVI) data closely correlates with mineralization; in plan, there is an approximate 38-hectare anomalous MVI. The currently defined KMZ mineralized footprint represents only 5.5 hectares, or 14.5% of the total footprint (see Figure 3).\"The overarching goal of the 2022 drill program at Kliyul was to demonstrate that the Kliyul Main Zone has size potential,\" said Blaine Monaghan, President & CEO of Pacific Ridge. \"Not only did we achieve that goal, but the MVI data suggests that there is tremendous potential for the KMZ mineralized body to continue growing. That will be the focus of our fully funded 2023 exploration program.\"Table 12022 Kliyul Assay Results Summary for Drill Holes KLI-22-045 to KLI-22-050 (Results for Drill Holes KLI-22-039 to KLI-22-044 Were Reported on November 16th, 20...