| Announcement Date: | 2023-01-09 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Pacific Ridge Exploration Ltd. |
| Project name: | RDP |
| Location: | Canada |
| Commodities: | Gold,Silver,Copper |
| Highlight: | Drilling results incl. 497.2m at 0.37% Cu, 0.40g/t Au, 1.60g/t Ag from 15.8m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, B.C. – January 9, 2023 – Pacific Ridge Exploration Ltd. (PEX: TSX Venture; PEXZF: OTCQB) (“Pacific Ridge” or the “Company”) is pleased to announce the remaining results from the 2022 drill program completed at the RDP copper-gold project (“RDP” or the “Project”), including drill hole RDP-22-003, which returned 59.4 m of 1.68% copper equivalent (“CuEq”) from the Day Zone. RDP is located in northcentral British Columbia, 40 km west of the Company’s flagship Kliyul copper-gold project (“Kliyul”) (see Figure 1). Pacific Ridge completed 1,860 m of drilling in six holes at RDP. Holes RDP-22-001 to RDP-22-005 were drilled at the Day Zone and RDP-22-006 at the Roy Zone (see Figure 2). The drill program was funded by Antofagasta Minerals S.A. (“Antofagasta”), a subsidiary of Antofagasta PLC (ANTO: LSE), who can earn a 75% interest in the Project by spending $10,000,000 on exploration over eight years and delivering a preliminary economic assessment report. Last drilled in 2011, this was the Company’s first ever drill program at the Project. |
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