Pacific Ridge Completes Drilling at Poker Brown GOLD-Silver Property, Nevada
N E W S R E L E A S E #17 - 0 5
Suite 1100 ‐ 1111 Melville Street
Vancouver, British Columbia V6E 3V6
Tel.: 604.687.4951
www.pacificridgeexploration.com
PACIFIC RIDGE COMPLETES DRILLING AT
POKER BROWN GOLD-SILVER PROPERTY, NEVADA
Vancouver, B.C. – April 6, 201 7 – Pacific Ridge Exploration Ltd. (TSX Venture: PEX) ("Pacific Ridge" or the
"Company") reports that it has completed the reverse circulation drill program as previously announced on
March 24th at its Poker Brown gold-silver project, Nevada. The program include d 753 m of drilling in 6 holes.
These holes tested the two chargeability anomalies defined by the October, 2016 IP geophysical survey as well
as targets defined by surface mineralization and historical workings. Results of the drill program will be
announced as soon as all assays have been received, compiled and verified.
About Pacific Ridge
Pacific Ridge is a mineral exploration company with a successful history of over 30 years.
The Company’s Fyre Lake Cu-Au-Co massive sulphide deposit is under option to BMC Minerals (No. 1) Ltd.
(“BMC”). BMC has been granted two options effective as of the Closing (January 16, 2017); the first, a one year
option whereby, in order to maintain and exercise the option, in addition to the $3 75,000 in payments already
made, it must pay the Company $2,200,000 one year after Closing, or the second, a two -year option whereby,
in order to maintain and exercise the option, it must pay the Company $300,000 one year after Closing and
$2,420,000 two years after Closing. In addition, BMC has agreed to make a bonus payment of $1,000,000 if
and when BMC’s Kudz Ze Kayah property has reached commercial production for one year.
The Company’s TL Zinc project is a 6,420 hectare, road accessible zinc -lead-silver property located 80 km
northeast of Vernon, British Columbia, ideally situated with nearby highways, electrical power grid and rail.
The target at TL is a large Broken Hill type or SEDEX (Sedimentary Exhalative) Zn-Pb-Ag massive sulfide deposit.
The Company’s Poker Brown gold-silver project is located 190 km from Reno, Nev ada. The target is a large,
bulk tonnage, heap leachable gold deposit. Numerous gold mines and advanced projects are located within an
80 km radius of the property.
The newly acquired OGI Zinc prospect is a SEDEX style, stratabound Zn -Pb-Ag target within Yukon’s Selwyn
Basin. A strong soil anomaly, with values ranging from 500 to 5,780 parts per million Zn, is 1,000 m long and
over 500 m wide and is also enriched in Ag, Pb, Ba, Mo, Ni, V, As an d P. The bedrock sourc e of the anomaly is
as yet unexplained.
The Company holds a well-located project portfolio in Yukon’s White Gold District, including Mariposa, Eureka
Dome and Gold Cap, in the same geological environment as Goldcorp’s Coffee Gold Project (acquired from
Kaminak Gold in 2016) and Kinross Gold’s White Gold deposit.
On behalf of the Board of Directors,
“Gerald G. Carlson”
Gerald G. Carlson
President & CEO
Pacific Ridge Exploration Ltd.
For further information, contact:
Pacific Ridge Exploration Ltd.
Gerald G. Carlson
President & CEO
Tel: (604)687-4951
www.pacificridgeexploration.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
The technical information contained within this News Release has been reviewed and approved by Gerald G. Carlson ,
Ph.D., P.Eng., President and CEO of Pacific Ridge and Qualified Person as defined by National Instrument 43-101 policy.
Forward-Looking Information: This release includes certain statements that may be deemed "forward -looking statements". All statements in this
release, other than statements of historical facts, that address exploration drilling and other activities and events or deve lopments that Pac ific Ridge
Exploration Ltd. ("Pacific Ridge") expects to occur, are forward -looking statements. Forward-looking statements in this news release include statements
regarding the exercise of options and future exploration plans and expenditures. Although Pacific Ridge believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual r esults or
developments may differ materially from those forward -looking statements. Factors that could cause actual results to differ materially from those in
forward looking statements include market prices, exploration successes, and continued availability of cap ital and financing and general economic,
market or business conditions. These statements are based on a number of assumptions including, among other things, assumptio ns regarding general
business and economic conditions, that one of the options will be exe rcised, the ability of Pacific Ridge and other parties to satisfy stock exchange and
other regulatory requirements in a timely manner, the availability of financing for Pacific Ridge’s proposed programs on reasonable terms, and the ability
of third party s ervice providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from those projected in the forward -looking statements. Pacific Ridge does not
assume any obligation to update or revise its forward -looking statements, whether as a result of new information, future events or otherwise, except as
required by applicable law.