Pacific Ridge Exploration Ltd. · TSXV:PEX
Pacific Ridge Exploration — Investor Presentation (January 2022)
33 slides from Pacific Ridge Exploration's investor presentation, January 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? We aim to become one of B.C.’s leading copper-gold exploration companies. • Strong management team, board, and technical committee. • Attractive share structure and valuation. • Flagship Kliyul copper-gold project. • First drill hole returned 437.0 m of 0.61% copper equivalent (Cu
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: 54.0M Warrants: 9.9M Stock options: 5.1M Fully diluted: 69.0M Key Shareholders: Crescat: 14% DELPHI: 13% Insiders: 7% Other funds: 6% 12-month stock chart 52-week high/low: CAD$0.42/$0.05 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 (~$1
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: Drill hole KLI-21-036 results
Kliyul copper-gold project: Drill hole KLI-21-036 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 1.23 In
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 16), 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 16), and the IP chargeability inversion 15
Slide 16: Selected, historic KMZ drill intercepts
Selected, historic KMZ drill intercepts • 33 drill holes (5,524 m) at Ref Hole From(m) To(m) Width(m) Cu(%) Au(g/t) CuEq(%)* AuEq(g/t)** KMZ, most targeting a near- A KL-5 10.8 68.3 57.5 0.32 0.99 0.96 1.49 surface copper-gold magnetite skarn zone. B KL-6 30.1 78.9 48.8 0.31 1.33 1.17 1.81 C KL-7 20
Slide 17: Kliyul copper-gold project: comparable B.C. deposits/mines
Kliyul copper-gold project: comparable B.C. deposits/mines How does hole KLI-21-036 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-PRODUCTION RESE
Slide 18: Kliyul main zone: expansion potential
Kliyul main zone: expansion potential 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. 18
Slide 19: 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 20: Kliyul copper-gold project: summary
Kliyul copper-gold project: summary • First drill hole returned 437.0 m of 0.61% copper equivalent (CuEq*) or 0.96 g/t gold equivalent (AuEq**); two more drill holes to report. • Kliyul is located in a prolific mining belt close to existing infrastructure. • Opportunity to make a significant copper-
Slide 21: 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 22: RDP copper-gold project
RDP copper-gold project «32000 e000 36000 38000 Late Cretaceous Dewar Formation 2 T , H Sustut Group HH Volcanic sandstone, siltstone turbidites (LTD) a y ae [1] Conglomerate, mucstone, coal, pebbly seadstone (LKS) Intrusive Rocks ’ Middle to Late Jurassic Early Jurassic Bowser Lake Group HE Day sui
Slide 23: 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 24: 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 25: 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 26: Fyre Lake Cu-Au-Co VMS project
Fyre Lake Cu-Au-Co VMS project BMC Minerals Ltd. (“BMC”) has the option to acquire a 100% interest in the Fyre Lake Cu-Au-Co massive sulphide deposit. • Over $2.25M paid so far. • Biannual payments of $75K. • FINAL $850K PAYMENT BY DEC. 31, 2022. • Bonus Payment: $1.0M (due after BMC’s Kudz Ze Kayah
Slide 27: 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 28: Eureka Dome gold project
Eureka Dome gold project Target: Structurally controlled epithermal to mesothermal gold. Property: 116 claims (3,300 ha) 70 km SE of Dawson, Yukon; road accessible. History: Soil sampling in 2010 identified several gold anomalies with related pathfinder elements – anomalies further defined with deta
Slide 29: Gold Cap project
Gold Cap project Target: Structurally controlled mesothermal gold. Property : 56 claims (1,200 ha) 40 km S of Dawson, Yukon; 6 km E of Golden Saddle. History: Soil sampling in 2010 identified several gold anomalies with related pathfinder elements. Setting: White Gold District - similar geology to G
Slide 30: Why Pacific Ridge?
Why Pacific Ridge? We aim to become one of B.C.’s leading copper-gold exploration companies. • Strong management team, board, and technical committee. • Attractive share structure and valuation. • Flagship Kliyul copper-gold project. • First drill hole returned 437.0 m of 0.61% copper equivalent (Cu
Slide 31: 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 32: 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 33: 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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