Business
Pacific Ridge Receives $600,000 from Delphi
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2023) - Pacific Ridge Exploration Ltd...
About this update from Pacific Ridge Exploration Ltd.
[{"type":"text","content":"Pacific Ridge Receives $600,000 from DelphiVancouver, British Columbia--(Newsfile Corp. - February 28, 2023) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (\"Pacific Ridge\" or the \"Company\") is pleased to announce that it has received $600,000 from DELPHI Unternehmensberatung Aktiengesellschaft (\"DELPHI\") through the exercise of all the 4,000,0000 warrants priced at $0.15 per warrant. The warrants were issued pursuant to a financing that closed on March 5, 2021 (the \"Financing\"). DELPHI was the sole participant in the Financing.\"I would like to thank DELPHI for its continued support,\" said Blaine Monaghan, President & CEO of Pacific Ridge. \"With over $7.5M in the treasury, Pacific Ridge's 2023 exploration plans, including continued drilling at our flagship Kliyul copper-gold project and an inaugural drill program at the Chuchi copper-gold project, are fully funded. This year will be Pacific Ridge's busiest exploration season ever.\"2023 Exploration Pacific Ridge is planning a 7,000 m diamond drill program at the Kliyul copper-gold project (\"Kliyul\") and a 1,500 - 2,000 m in its inaugural diamond drill program at the Chuchi copper-gold project. In addition, the Company is finalizing the 2023 exploration plan and budget for continued exploration at the RDP copper-gold project (\"RDP\"), under option to Antofagasta Minerals S.A. Pacific Ridge will make further announcements in the months ahead regarding its 2023 exploration plans at Kliyul, Chuchi, and RDP.Upcoming EventsMarch 2-3, Red Cloud Financial Services Pre-PDAC Mining Showcasehttps://redcloudfs.com/prepdac2023/March 5-8, Investors Exchange at PDAC, booth 3130https://www.pdac.ca/convention/exhibits/investors-exchangeMarch 7-8, Core Shack at PDAC, booth 3108Bhttps://www.pdac.ca/convention/exhibits/core-shackMarch 7-8, 2023 Precious Metals Summit PDAChttps://www.precioussummit.com/event/pdac-2023-one-on-one-meeting-program/About Pacific RidgeOur goal is to become British Columbia's leading copper-gold exploration company. Pacific Ridge's flagship project is the Kliyul copper-gold project, located in the prolific Quesnel Trough, approximately 50 km southeast of Centerra Gold Inc.'s Kemess. In addition to Kliyul, the Company's project portfolio includes the RDP copper-gold project (optioned to Antofagasta Minerals S.A.), the Chuchi copper-gold proje...