| Announcement Date: | 2022-02-15 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Pacific Ridge Exploration Ltd. |
| Project name: | Kliyul |
| Location: | Canada |
| Commodities: | Gold,Copper |
| Highlight: | Drilling results incl. 566.7m @ 0.2% Cu, 0.44g/t Au from 12.3m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, B.C. – February 15, 2022 – Pacific Ridge Exploration Ltd. (PEX: TSX Venture; PEXZF: OTCQB) (“Pacific Ridge” or the “Company”) is pleased to announce assay results from drill hole KLI-21-038 (see Table 1), the third and last diamond drill hole (“DDH”) completed in 2021 at the Kliyul copper-gold porphyry project (“Kliyul” or “Project”), located in the prolific Quesnel Trough in Northwest B.C. (see Figure 1). KLI-21-038, drilled vertically from the same drill pad as KLI-21-037 (see Figure 4), was designed to test for mineralization at depth. KLI-21-038 returned 0.15% Cu and 0.39 g/t Au over 507 m, from the top of bedrock (9 m) over its entire length, but had to be terminated at 516 m before reaching its target depth due to technical difficulties. This is an important DDH as it refines the mineralization geometry and target concept. The strongest Cu-Au mineralization encountered occurs within a zone of moderate to strong magnetite-chlorite-quartz +/- epidote-albite alteration. Sulphide minerals occur as pyrite and lesser but significant chalcopyrite and bornite, which are hosted within veins of quartz-magnetite, anhydrite-quartz and epidote-quartz cross-cutting the volcaniclastic andesite of the Late Triassic Takla Group |
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