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PACIFIC RIDGE PROVIDES KLONDIKE KATE GOLD PROJECT UPDATE
PACIFIC RIDGE PROVIDES KLONDIKE KATE GOLD PROJECT UPDATE
About this update from Pacific Ridge Exploration Ltd.
[{"type":"text","content":"\nPACIFIC RIDGE PROVIDES KLONDIKE KATE GOLD PROJECT UPDATE\n\n\n Dec. 7, 2009 (TheNewswire.ca) -- Vancouver, B.C. - December 7, 2009 - Pacific Ridge Exploration Ltd. (OOTC:PEXZF) (TSX Venture: PEX) reports that the company has completed the 2009 exploration programs on four properties located in the Yukon's Southern Klondike region. The Pacific Ridge program has successfully outlined the presence of Underworld Resources (OOTC:UNDWF) (TSXV:UW) White Gold style mineralization as indicated by anomalous geochemical signatures on the Goldcap, Polar/Stewart, and Mariposa properties. The Goldcap and Polar Stewart properties are adjacent to the northeast boundaries of the Underworld Resources White Gold discovery claims. Geochemical anomalies on the Eureka property, located in the northeast region of the South Klondike, indicate an epithermal style alteration system with anomalous gold values.Geochemical soil sampling has been the primary exploration tool for the recent discovery of gold mineralization in the South Klondike-Underworld Camp.Gold Cap and Polar/ Stewart PropertiesPacific Ridge established a 2 kilometre by 4 kilometre soil sampling grid within the source area of an historic highly anomalous gold in silt anomaly. This season's work has defined three sub- parallel northerly trending arsenic-antimony-nickel-gold soil anomalies measuring 2 to 4 kilometres in length and remaining open for expansion to the north. The linear nature of the anomalous soils suggests the presence of structurally controlled mineralization. Geochemical values for arsenic range from 20 to 200 ppm, nickel from 75 to 1200 ppm, antimony from 1 to 4 ppm with gold values ranging from 12 to 290 ppb.The geochemical anomalies are within 1 to 2 kilometres of Underworld's eastern claims boundary and appear to be building in intensity toward the northern limits of the presently established soil sampling grid. Early next season, additional soil sampling will be required within a proposed 3 kilometre northerly extension to the existing grid.Mariposa PropertyLocated approximately 50 kilometres east of and within a similar geological setting to the Underworld Resources White Gold discovery, the Mariposa Property was acquired by Pacific Ridge as was previously reported on September 23, 2009.Although late-season field work was terminated by winter conditions, Pacific Rid...