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Pacific Ridge Plans 7,000 Metre Drill Program at Kliyul Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - May 25, 2023) - Pacific Ridge Exploration Ltd. (TS...
About this update from Pacific Ridge Exploration Ltd.
[{"type":"text","content":"Pacific Ridge Plans 7,000 Metre Drill Program at Kliyul Copper-Gold ProjectVancouver, British Columbia--(Newsfile Corp. - May 25, 2023) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (\"Pacific Ridge\" or the \"Company\") is pleased to announce the Company's 2023 exploration plans for its 100% owned Kliyul copper-gold porphyry project (\"Kliyul\"), located in the prolific Quesnel Trough in northcentral British Columbia (see Figure 1). The exploration program will have two main objectives, 1) to expand the size of the Kliyul Main Zone (\"KMZ\") mineralized body to the southeast and into neighbouring fault blocks (see Figure 2), and, 2) testing several high priority targets that occur along the Divide Lake Fault Trend, a highly-prospective 6-km-long alteration and mineralization corridor (see Figure 3).\"I have high expectations for this year's drill program at Kliyul,\" said Blaine Monaghan, President & CEO of Pacific Ridge. \"Our technical team, Executive Chairman Dr. Gerry Carlson, Vice President of Exploration Danette Schwab, and Chief Geologist Paul Jago, have done a fantastic job further developing our knowledge and understanding of Kliyul, which will be the key to unlocking its tremendous potential. I believe that the results from this year's drill program will be an inflection point for the Company.\"Pacific Ridge will utilize two diamond drill rigs and plans to drill a minimum of 7,000 m expanding the size of the KMZ mineralized body and testing other targets. The program is fully funded, budgeted at $4.6 million, and the Company expects drilling to be underway by the end of June.Figure 1: Location of KliyulTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5460/167413_d9e9b4ef840c7af7_001full.jpgFigure 2: Plan View of KMZ, Kliyul West, Kliyul North and East Wedge with magnetic vector inversion (MVI) amplitude magneticsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5460/167413_6a345223c4ca58e0_002full.jpgFigure 3: Other targets at Kliyul: Ginger, Parish Hill, Bap Ridge, and M39To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5460/167413_d9e9b4ef840c7af7_003full.jpgRecap of the 2022 Exploration Program at KliyulPacific Ridge's 2022 exploration prog...