- Pacific Ridge Exploration Ltd. (PEX) has discovered copper-gold mineralization from the first six drill holes on its Kliyul Project in British Columbia
- Every drill hole returned intersections at or above 0.54 per cent copper equivalent or 0.74 grams of gold equivalent per tonne
- Drilling also successfully extended the Kliyul main zone (KMZ), which remains open
- Bounding faults of the KMZ fault block didn’t cut off mineralization to the north or the west
- Pacific Ridge Exploration Ltd. (PEX) is down 16.25 per cent and is trading at $0.33 per share as of 2:14 p.m. EST
Pacific Ridge Exploration (PEX) has discovered copper-gold mineralization from the first six drill holes on its Kliyul Project in British Columbia.
According to the company, every drill hole returned intersections at or above 0.54 per cent copper equivalent or 0.74 grams of gold equivalent per tonne.
Drilling also successfully extended the Kliyul main zone (KMZ) mineralized body to the north, south, and at depth. The zone was measured at approximately 550 metres by 200 metres by 600 metres.
Pacific Ridge was also able to confirm that bounding faults of the KMZ fault block did not cut off mineralization to the north or the west, and the zone remains open in every direction.
Blaine Monaghan, President and CEO of Pacific Ridge, commented,
“We intersected significant porphyry copper-gold mineralization in every drill hole, materially expanded the KMZ mineralized body… We eagerly await the results from the remaining six holes, which included several big step-out holes to the west and east of KMZ.”
The program covered 7,014.70 metres in 12 drill holes, which was the largest-ever drill program at the project.
Pacific Ridge Exploration Ltd. (PEX) is down 16.25 per cent and is trading at $0.33 per share as of 2:14 p.m. EST.