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Pacific Ridge Intersects High-grade Copper-Gold Mineralization in Every Drill Hole at RDP's Day Zone Including 59.4 M of 1.68% Copper Equivalent
Vancouver, British Columbia--(Newsfile Corp. - January 9, 2023) - Pacific Ridge Exploration Ltd. ...
About this update from Pacific Ridge Exploration Ltd.
[{"type":"text","content":"Pacific Ridge Intersects High-grade Copper-Gold Mineralization in Every Drill Hole at RDP's Day Zone Including 59.4 M of 1.68% Copper EquivalentVancouver, British Columbia--(Newsfile Corp. - January 9, 2023) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (\"Pacific Ridge\" or the \"Company\") is pleased to announce the remaining results from the 2022 drill program completed at the RDP copper-gold project (\"RDP\" or the \"Project\"), including drill hole RDP-22-003, which returned 59.4 m of 1.68% copper equivalent (\"CuEq\") from the Day Zone. RDP is located in northcentral British Columbia, 40 km west of the Company's flagship Kliyul copper-gold project (\"Kliyul\") (see Figure 1). Pacific Ridge completed 1,860 m of drilling in six holes at RDP. Holes RDP-22-001 to RDP-22-005 were drilled at the Day Zone and RDP-22-006 at the Roy Zone (see Figure 2). The drill program was funded by Antofagasta Minerals S.A. (\"Antofagasta\"), a subsidiary of Antofagasta PLC, 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. Last drilled in 2011, this was the Company's first ever drill program at the Project.Highlights of the 2022 Exploration ProgramHole RDP-22-005 intersected 107.2 m of 1.45% CuEq (0.63% Cu, 1.10 g/t Au, and 2.91 g/t Ag) within 497.2 m of 0.68% CuEq (0.37% Cu, 0.40 g/t Au, and 1.6 g/t Ag), from surface (previously reported, see news release dated October 25, 2022, for further information).Hole RDP-22-003 intersected 59.4 m of 1.68% CuEq (0.78% Cu, 1.2 g/t Au, and 2.99 g/t Ag) from surface.Hole RDP-22-001 intersected 51.5 m of 1.01% CuEq (0.51% Cu, 0.65 g/t Au and 2.59 g/t Ag) from surface.The Day Zone mineralization remains open to the east, north, west, and at depth, and may be associated with a late-mineral bounding fault on its south or southwest side.\"We are extremely pleased with the results from our first ever drill program at RDP, especially drill hole RDP-22-005, which returned one of B.C.'s best copper intercepts last year,\" said Blaine Monaghan, President & CEO of Pacific Ridge. \"Future drilling at RDP will be focused on expanding the mineralized footprint at the Day Zone, which remains open in almost every direction.\"Table 12022 RDP Assay Results SummaryHole NoFrom(m)To(m)Width(m)Cu(%)Au(g/t)...