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Pacific Ridge's Second Drill Hole at the Kliyul Copper-Gold Porphyry Project Returns More than 566 Metres of 0.48% Copper Equivalent or 0.76 Grams per Tonne Gold Equivalent, Including 316.7 Metres of 0.75% Copper Equivalent or 1.17 Grams per Tonne Gold Equivalent
Vancouver, British Columbia--(Newsfile Corp. - January 31, 2022) - Pacific Ridge Exploration L...
About this update from Pacific Ridge Exploration Ltd.
[{"type":"text","content":"Pacific Ridge's Second Drill Hole at the Kliyul Copper-Gold Porphyry Project Returns More than 566 Metres of 0.48% Copper Equivalent or 0.76 Grams per Tonne Gold Equivalent, Including 316.7 Metres of 0.75% Copper Equivalent or 1.17 Grams per Tonne Gold EquivalentVancouver, British Columbia--(Newsfile Corp. - January 31, 2022) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (\"Pacific Ridge\" or the \"Company\") is pleased to announce assay results from drill hole KLI-21-037, the second of three diamond drill holes completed during the 2021 drilling campaign at the Company's Kliyul porphyry copper-gold project (\"Kliyul\" or \"Project\"), located in the prolific Quesnel Trough in Northwest British Columbia (see Figure 1). Drill hole KLI-21-037 highlights:566.7 m of 0.48% copper equivalent (CuEq) or 0.76 gpt (grams per tonne) gold equivalent (AuEq), comprising 0.20% Cu and 0.44 gpt Au.Includes 316.7 m of 0.75% CuEq or 1.17 gpt AuEq, comprising 0.30% Cu and 0.70 gpt Au, starting at surface.Includes 24.1 m of 2.50% CuEq or 3.92 gpt AuEq (1.09% Cu and 2.21 gpt Au), starting at 243.9 m.With values up to 4% Cu and 5.8 gpt Au over individual assay intervals, these are some of the highest-grade core samples ever returned from a deep drill hole at the Kliyul Main Zone (\"KMZ\").Successfully extended mineralization at the KMZ 75 m to the west; mineralization at KMZ remains open to the west, south and southeast of drill hole KLI-21-037.\"We continue to be extremely pleased with the results from our first ever drill program at Kliyul,\" said Blaine Monaghan, President and CEO of Pacific Ridge. \"Hole KLI-21-037 successfully extended mineralization to the west and the grade compares very favourably to our first hole, which was the best hole ever drilled at Kliyul. We now wait for results from drill hole KLI-21-038, a vertical hole targeted to test the interpreted centre of the porphyry system at KMZ, which was the third and last hole to be drilled during our 2021 drilling campaign.\"Discussion of drill hole KLI-21-037Drill hole KLI-21-037 was a step-out hole to the southwest of drill hole KLI-15-034, drilled by Teck Resources in 2015, which returned 0.18% Cu and 0.53 gpt Au over 245 m (see Table 2), and successfully extended mineralization 75 m to the west. KMZ remains open to the west, south and southeast of drill hole KLI-21-037...