- Pacific Ridge Exploration (TSXV: PEX) has begun drilling at its RDP copper-gold project in British Columbia
- The company has completed one drill hole (RDP-23-07) of the planned 1,800 metre diamond drill program so far
- The surface geochemical grid sampling (rocks and soils) and Induced Polarization (IP) geophysical survey program is complete and focused on the Bird and Porcupine targets; an IP geophysical survey was also completed over the Day target
- Pacific Ridge Exploration opened trading at $0.23 per share
Pacific Ridge Exploration (TSXV: PEX) has begun drilling at its RDP copper-gold project in British Columbia.
The company has completed one drill hole (RDP-23-07) of the planned 1,800 metre diamond drill program so far. RDP-23-07 is a 300-metre step out from drill hole RDP-22-005, which intersected 107.2 metres of 1.45 per cent CuEq (0.63 per cent Cu, 1.10 g/t Au, and 2.91 g/t Ag) within 497.2 metres of 0.68 per cent CuEq (0.37 per cent Cu, 0.40 g/t Au, and 1.6 g/t Ag) at the Day target in 2022.
Antofagasta Minerals S.A., a wholly owned subsidiary of Antofagasta PLC (LSE:ANTO), can earn a 75 per cent interest in RDP by spending $10 million on exploration over eight years and delivering a preliminary economic assessment report.
The RDP project spans more than 100 square kilometres and contains several porphyry copper-gold targets – Roy, Day, Porcupine and Bird – that have been periodically explored since the early 1970s.
The surface geochemical grid sampling (rocks and soils) and induced polarization (IP) geophysical survey program is complete and focused on the Bird and Porcupine targets; an IP geophysical survey was also completed over Day.
Forty-five rock samples were collected over an 800 x 600 metre area at Porcupine, 345 soil samples collected at a 50-metre spacing in 12 lines (100 metre line-spacing) at Bird and Porcupine, five IP survey lines (9.2 line-kilometres) completed over Bird and Porcupine, and three IP survey lines (4.4 line-kilometres) completed over Day.
Pacific Ridge Exploration’s flagship project is its 100 per cent owned Kliyul copper-gold project in the Quesnel Trough close to existing infrastructure. Pacific Ridge is the operator and is supporting the RDP exploration program from Kliyul camp. In addition to Kliyul and the RDP project, the company’s project portfolio includes the Chuchi copper-gold project, the Onjo copper-gold project, and the Redton copper-gold project, all in B.C.
Pacific Ridge Exploration opened trading at $0.23 per share.
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