Pacific Ridge Exploration Ltd. · TSXV:PEX
Pacific Ridge Exploration — Investor Presentation (January 2022)
32 slides from Pacific Ridge Exploration's investor presentation, Jan 31, 2022
Slide 1: Focused on copper-gold projects in British Columbia
Focused on copper-gold projects in British Columbia January 2022
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 one of B.C.’s leading copper-gold exploration companies. • Strong management team, board, and technical committee. • Flagship Kliyul copper-gold project. • First drill hole returned 437.0 m of 0.61% copper equivalent (CuEq*) or 0.96 g/t gold equivalent (AuEq*
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 Trading symbols: PEX: TSXV PEXZF: OTCQB Capital structure: Common shares: 54.3M Warrants: 9.7M Stock options: 4.8M Fully diluted: 68.8M Key Shareholders: Crescat: 14% DELPHI: 13% Insiders: 7% Other funds: 6% 12-month stock chart 52-week high/low: CAD$0.42/$0.07 Market capitalization:
Slide 7: Project Portfolio
Project Portfolio BC projects: • Kliyul copper-gold porphyry project. • RDP copper-gold porphyry project. • Redton copper-gold porphyry project. Yukon projects: • Fyre Lake Cu-Au-Co project. • Mariposa gold project. • Eureka Dome gold project. • Gold Cap gold project. 7
Slide 8: Kliyul copper-gold project
Kliyul copper-gold project 8
Slide 9: Kliyul copper-gold project: overview
Kliyul copper-gold project: overview • Option to acquire up to a 75% interest from Centerra Gold (optioned in 2020). • Over 60 km2 in size and close to existing infrastructure – 5km from Omineca mining road and 230 kV power line. • Similar geological environment to other B.C. copper-gold porphyry de
Slide 10: Kliyul copper-gold project: the Quesnel Trough
Kliyul copper-gold project: the Quesnel Trough • Kliyul: Pacific Ridge’s flagship copper-gold porphyry project. • Mount Milligan: Producing porphyry Cu-Au mine (Centerra Gold). • Kemess: Past producing porphyry Cu-Au mine; future producer (Centerra Gold). • Kwanika and Stardust NorthWest Copper (~$8
Slide 11: Kliyul copper-gold project: infrastructure
Kliyul copper-gold project: infrastructure 5km from Omineca road and 230 kV power line that serves Kemess - 50km north. 11
Slide 12: Kliyul copper-gold project: 2021 drill program
Kliyul copper-gold project: 2021 drill program Chalcopyrite+pyrite mineralization in KLI-21-036 at 294.50 m • 1,544 m of drilling in three diamond drill holes at KMZ. • All of the holes encountered classic copper-gold porphyry-style mineralization. • Mineralization at KMZ successfully extended to th
Slide 13: Kliyul copper-gold project: KLI-21-036 and KLI-21-037 results
Kliyul copper-gold project: KLI-21-036 and KLI-21-037 results From To Width Cu Au CuEq AuEq Hole (m) (m) (m) (%) (g/t) (%)* (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 1.2
Slide 14: Kliyul copper-gold project: plan view of 2021 drill holes
Kliyul copper-gold project: plan view of 2021 drill holes Plan view of 2021 drill hole collars and traces projected to surface, selected historical drill highlights projected to surface (see slide 17), and the IP chargeability inversion (interpreted as a guide to mineralization). 14
Slide 15: Kliyul copper-gold project: cross-section of 2021 drill holes
Kliyul copper-gold project: cross-section of 2021 drill holes Cross-section of 2021 drill holes, selected historical drill intercepts (see slide 17), and the IP chargeability inversion. 15
Slide 16: Kliyul copper-gold project: cross-section of 2021 drill holes
Kliyul copper-gold project: cross-section of 2021 drill holes Cross-section of 2021 drill holes, selected historical drill intercepts (see slide 17), and DCIP resistivity inversion. 16
Slide 17: 2021 drill intercepts and selected, historic KMZ drill intercepts
2021 drill intercepts and selected, historic KMZ drill intercepts Ref Hole From To Width Cu Au CuEq AuEq • 33 drill holes (5,524 m) at (m) (m) (m) (%) (g/t) (%)* (g/t)** A KL-5 10.8 68.3 57.5 0.32 0.99 0.95 1.49 KMZ, most targeting a near- B KL-6 30.1 78.9 48.8 0.31 1.33 1.16 1.82 surface copper-gol
Slide 18: Kliyul copper-gold project: comparable B.C. deposits/mines
Kliyul copper-gold project: comparable B.C. deposits/mines How does hole KLI-21-036, KLI-21-037, 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 482 0.20 0.39 0.45 0.70 PRE-PR
Slide 19: Kliyul main zone: expansion potential - IP
Kliyul main zone: expansion potential - IP Recent geological interpretation and geophysical modelling has defined expansion potential at the KMZ and two new, adjacent targets, Kliyul West and Kliyul East, which have never been drill tested. Pacific Ridge plans to test these and other targets in 2022
Slide 20: Kliyul main zone: expansion potential - resistivity
Kliyul main zone: expansion potential - resistivity Recent geological interpretation and geophysical modelling has defined expansion potential at the KMZ and two new, adjacent targets, Kliyul West and Kliyul East, which have never been drill tested. Pacific Ridge plans to test these and other target
Slide 21: Kliyul copper-gold project: multiple porphyry targets
Kliyul copper-gold project: multiple porphyry targets • Porphyry deposits occur in clusters. • In addition to the KMZ, four other porphyry targets exist along an underexplored 4-km long mineralized trend: Bap Ridge, Ginger, M-39 and Paprika. • Scale compares favourably with other well known mines an
Slide 22: Kliyul copper-gold project: summary
Kliyul copper-gold project: summary • Pacific Ridge’s first hole returned 437.0 m of 0.61% CuEq* or 0.96 g/t AuEq*; second hole returned 566.7 m of 0.48% CuEq* or 0.76 g/t AuEq*, including 316.7 m of 0.75% CuEq or 1.17 g/t AuEq; one more drill hole to report. • Kliyul is located in a prolific mining
Slide 23: RDP copper-gold project
RDP copper-gold project • Option to acquire 100%. • Over 3,800 hectares, 40 km west of Kliyul. • Similar geological environment to NorthWest Copper’s East Niv discovery, 20 km to north. • Several porphyry targets that have been identified: Roy, Day, and Porcupine. • Roy: Hole EQ-001 encountered 0.11
Slide 24: RDP copper-gold project
RDP copper-gold project Late Cretaceous ‘Dewar Formation Sustut Group [IIE Volcanic sandstove, siltstone turbidites (LTD) [_] Conglomerate, mudstone, coal, pebbly sundstone (LKS) Intrusive Rocks Middle to Late Jurassic Early Jurassic: Bowser Lake Group [IIIB Day suite mozzodiorie- dacite porphyries
Slide 25: 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: ▪ 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 Cu, 1.83 million ounces of Au and 6.27 million ounces of
Slide 26: Redton copper-gold project
Redton copper-gold project • Redton North target: Magnetic and IP chargeability anomaly and coincident copper-molybdenum soil anomaly - one hole drilled in 2020. • Redton East target: 800 m by 800 m copper and molybdenum soil anomaly. • East Swan target: Coincident magnetic and electromagnetic anoma
Slide 27: Yukon projects
Yukon projects Fyre Lake: Cu-Au-Co VMS deposit (optioned to BMC Minerals Ltd.). Three 100% owned gold projects located in the White Gold District: • Mariposa – Target is a White Gold/Coffee-style gold deposit. • Eureka Dome - Target is a structurally controlled epithermal to mesothermal gold deposit
Slide 28: Mariposa gold project
Mariposa gold project Target: White Gold/Coffee-style gold deposit. Property: 1,300 claims (30,000 ha),120 km SE of Dawson, Yukon; winter road accessible. History: Drilled in 2010-12 with best result of 2.74 gpt Au over 33.7 m (within 1.51 gpt Au over 81.5 m). Pacific Ridge spent almost $7.0M at Mar
Slide 29: Why Pacific Ridge?
Why Pacific Ridge? Our goal is to become one of B.C.’s leading copper-gold exploration companies. • Strong management team, board, and technical committee. • Flagship Kliyul copper-gold project. • First drill hole returned 437.0 m of 0.61% copper equivalent (CuEq*) or 0.96 g/t gold equivalent (AuEq*
Slide 30: 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 31: 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 32: RDP option terms
RDP option terms Pacific Ridge has the option to earn a 100% interest in RDP by making payments of $125,000 ($5,000 on signing), issuing 1,200,000 shares (100,000 shares on signing) and completing $810,000 in exploration in stages by December 15, 2023. In addition, Pacific Ridge will issue 300,000 s
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