Pacific Ridge Exploration Ltd. · TSXV:PEX
Pacific Ridge Exploration — Investor Presentation (January 2023)
28 slides from Pacific Ridge Exploration's investor presentation, Jan 4, 2023
Slide 1: Focused on B.C. copper-gold porphyry projects
Focused on B.C. copper-gold porphyry projects January 2023
Slide 2: Forward looking statements
Forward looking statements This presentation includes certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that Pacific
Slide 3: Why Pacific Ridge?
Why Pacific Ridge? Our goal is to become B.C.’s leading copper-gold exploration company. • Opportunity to make a significant discovery at flagship Kliyul copper-gold porphyry project. • Completed 7,014 m in 12 holes at Kliyul in 2022 - every hole intersected porphyry mineralization: o KLI-22-041: 27
Slide 4: Management & board
Management & board Gerald G. (Gerry) Carlson, PhD, PEng. Executive Chairman & Director Over 40 years of international experience in managing mineral exploration and mining development companies with a focus on precious and base metal deposits. Received the J.C. Sproule Award for his work in the Yuko
Slide 5: Technical committee
Technical committee Borden Putnam III, MSc., PGeo. Technical Committee Chair Over 40 years of experience in the mineral industry. Mr Putnam has worked predominantly as an asset analyst and geologist and as a buy-side analyst at several U.S.-based mutual and hedge funds, including Eastbourne Capital
Slide 6: Share structure
Share structure Share ownership Trading symbols: PEX: TSXV PEXZF: OTCQB Capital structure: Common shares: 103.9M Warrants: 33.8M Stock options: 6.8M Retail 52% Funds 42% Fully diluted: 144.5M 52-week high/low: CAD$0.58/$0.23 Market capitalization: ~CAD$25.0M Mgmt. 6% Daily trading (3 mo.’s avg.) ~50
Slide 7: Kliyul copper-gold project: the Quesnel Trough
Kliyul copper-gold project: the Quesnel Trough • Lawyers: Benchmark Metals • Joy District: Freeport to spend $110M for 70% interest (Amarc). • Kemess North: Feasibility stage porphyry Cu-Au deposit (Centerra Gold). • Kemess South: Past producing porphyry Cu-Au mine (Centerra Gold). • Kwanika and Sta
Slide 8: Kliyul copper-gold project: infrastructure
Kliyul copper-gold project: infrastructure 5km from Omineca road/230 kV power line that serves Kemess - 50km north. 8
Slide 9: Kliyul copper-gold project: overview
Kliyul copper-gold project: overview • Can acquire up to 75% from Centerra Gold. • Similar geological environment to other B.C. copper-gold porphyry deposits/mines: Kemess (Centerra), Mt. Milligan (Centerra), Red Chris (Newcrest) and Saddle North (Newmont). • Most of the historic drilling (5,524 m i
Slide 10: Kliyul copper-gold project: 2021 drill program results
Kliyul copper-gold project: 2021 drill program results Hole From(m) To(m) Width(m) Cu(%) Au(g/t) CuEq(%)* AuEq(g/t)** KLI-21-036* 12.0 449.0** 437.0 0.22 0.60 0.61 0.96 Includes 12.0 65.0 53.0 0.22 0.83 0.75 1.17 And 12.0 33.0 21.0 0.34 1.30 1.17 1.84 And 47.0 65.0 18.0 0.22 0.89 0.79 1.23 Includes
Slide 11: Kliyul copper-gold project: 2022 drill program results
Kliyul copper-gold project: 2022 drill program results Hole From(m) To(m) Width(m) Cu(%) Au(g/t) Ag(g/t) CuEq(%)* AuEq(g/t)** KLI-22-039 9.3 252.0 242.7 0.15 0.17 1.05 0.29 0.39 includes 22.0 43.4 21.4 0.38 0.48 3.96 0.76 1.04 And 192.0 229.0 37.0 0.20 0.27 0.67 0.40 0.55 KLI-22-040 23.0 550.8 527.8
Slide 12: Kliyul copper-gold project: comparable B.C. deposits/mines
Kliyul copper-gold project: comparable B.C. deposits/mines How do holes KLI-21-036, KLI-21-037, KLI-21-038, KLI-22-041 and the highlighted historic drill intercepts compare to other porphyry deposits/mines in B.C.? Deposit/Mine Mt Cu (%) Au (g/t) CuEq* (%) AuEq** (g/t) Category MT. MILLIGAN 246 0.18
Slide 13: Controlling trends of BC porphyry deposits - examples
Controlling trends of BC porphyry deposits - examples Kemess North Trend Red Chris Trend Hilda KE KUG Nugget Also, the Heidi Lake Trend at Mount Milligan mine • 4 km ENE trend from MBX Main deposit to Heidi stock. • West to East – Heidi, North Slope, Goldmark, DWBX, MBX Main. 13
Slide 14: Plan view of drilling along Valley Fault Trend – MVI
Plan view of drilling along Valley Fault Trend – MVI Amplitude Magnetics Drilling successfully extended KMZ mineralized body to the north, south, and at depth - now measures approximately 550 m (WSW to ENE) x 200 m (NNW-SSE) x 600 m vertical depth. 14
Slide 15: Section view of drilling along Valley Fault Trend
Section view of drilling along Valley Fault Trend - MVI Amplitude Magnetics Drilling has confirmed that bounding faults of the KMZ fault block do not cut off mineralization to the north or the west. KMZ remains open in every direction. 15
Slide 16: Other property scale targets at Kliyul
Other property scale targets at Kliyul DN DN Darb Creek Pluton Darb Creek Pluton DS G K/eTh ring KN KE KW KMZ DS K/eTh BR G ring KN 2 km PH KE KW KMZ M-39 BR 2022 IP lines ) Mal PH 27 line-km completed at 200m spacing MVI-RTP-1VD Magnetics – SEARCH III M-39 • The MVI-RTP-1VD inversion of the G – Gin
Slide 17: Kliyul copper-gold project: summary
Kliyul copper-gold project: summary • Exploration agreements in place with local First Nations. • Located in a prolific mining belt close to existing infrastructure. • Significant intervals of porphyry copper-gold mineralization: o KL-06-30: 219.8 m of 0.62% CuEq* or 0.85 g/t AuEq** (Geoinformatics,
Slide 18: Opportunity to make a significant discovery at flagship Kliyul copper-gold porphyry project!
Opportunity to make a significant discovery at flagship Kliyul copper-gold porphyry project!
Slide 19: RDP copper-gold project
RDP copper-gold project • Optioned to a wholly-owned subsidiary of Antofagasta: o Can acquire a 75% interest by spending $10,000,000 over eight years and delivering a PEA. • 40 km west of Kliyul, Pacific Ridge is the operator and supported the RDP drill program from Kliyul camp. • Several porphyry t
Slide 20: RDP copper-gold project
RDP copper-gold project • Last drilled in 2011, inaugural drill program at RDP totalled 1,861 metres in six drill holes testing Day (five holes) and Roy Zone (one hole). • Hole RDP-22-005 (Day Zone) intersected 107.2 m of 1.45% CuEq* or 1.99 g/t AuEq* (0.63% Cu, 1.10 g/t Au, and 2.91 g/t Ag) within
Slide 21: Chuchi copper-gold project
Chuchi copper-gold project • Option to acquire up to a 75% interest from Centerra Gold. • Over 61 sq. km, Chuchi is road accessible and is located 35 km northwest of Centerra’s Mount Milligan mine. • Main BP Zone is defined by 4 km x 3 km halo of outer propylitic alteration surrounding a central 1.5
Slide 22: Chuchi copper-gold project – BP Zone selected drill results
Chuchi copper-gold project – BP Zone selected drill results Hole No. From (m) To (m) Width (m) Cu (%) Au (g/t) CuEq (%)* AuEq (g/t)** CH-89-7 38.0 138.0 100.0 0.27 0.37 0.51 0.79 Includes 82.0 98.0 16.0 0.71 1.32 1.55 2.43 CH-89-8 152.0 200.0 48.0 0.25 0.24 0.40 0.63 CH-90-23 38.0 54.0 16.0 0.36 0.5
Slide 23: Onjo copper-gold project
Onjo copper-gold project • Owned 100%. • Over 9,700 hectares in size, Onjo is road accessible and 15 km west of Centerra Gold’s Mount Milligan mine: o 837 million pounds copper and 2.1 million ounces gold*. • Occurs on the same magnetic trend that hosts the Mount Milligan mine, Chuchi, and Northwest
Slide 24: Redton copper-gold project
Redton copper-gold project • Option to acquire up to a 75% interest from Centerra Gold. • Adjacent to NorthWest Copper’s Kwanika Deposit: o Combined Measured and Indicated (M+I) Resource of 223.6 million tonnes grading 0.27% copper, 0.25 g/t gold and 0.87 g/t silver containing 1.32 billion pounds of
Slide 25: Why Pacific Ridge?
Why Pacific Ridge? Our goal is to become B.C.’s leading copper-gold exploration company. • Opportunity to make a significant discovery at flagship Kliyul copper-gold porphyry project. • Completed 7,014 m in 12 holes at Kliyul in 2022 - every hole intersected porphyry mineralization: o KLI-22-041: 27
Slide 26: Pacific Ridge Exploration Ltd.
Pacific Ridge Exploration Ltd. 1111 Melville Street, Suite 1100 Vancouver BC V6E 3V6 www.pacificridgeexploration.com Blaine Monaghan TSX-V: PEX President & CEO Phone: 604-687-4951 bmonaghan@pacificridgeexploration.com
Slide 27: Kliyul and Redton Option Terms
Kliyul and Redton Option Terms Pacific Ridge has the right to earn a 51-per-cent interest in the properties by making cash payments of $100,000, issuing two million shares and spending $3.5-million on exploration by Dec. 31, 2023. The Company then has the right to increase its interest in the proper
Slide 28: Chuchi Option Terms
Chuchi Option Terms Pacific Ridge has the right to earn a 51% interest in Chuchi by making cash payments totaling $60,000, issuing 2.0 million shares, and spending $5 million on exploration by the fourth anniversary of the agreement. The Company then has the right to increase its interest in the Pro
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