Pacific Ridge Completes Field Work on Kliyul Gold-Copper Porphyry Project
Pacific Ridge Completes Field Work on Kliyul
Gold-Copper Porphyry Project
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2020) -
Pacific Ridge Exploration Ltd.
(TSXV: PEX) ("Pacific Ridge" or the "Company") reports that a two week field program has been
completed on its Kliyul gold-copper porphyry project, located in central British Columbia, 5 km from the
Omineca Mine Road and powerline and 70 km south of the Kemess mine site. The purpose of the
program is to extend the depth of investigation of the chargeability and resistivity response related to the
Kliyul mineralization as well as to define vectors to mineralization for a major drill test of priority Au-Cu
targets planned for 2021.
The program included 9.1 line km of IP and ground magnetometer surveying
over the Kliyul Main Zone, surface and drill core sampling to identify alteration and geochemical vectors
and historical core re-logging to identify porphyry-style veining. Fifty-two surface samples were collected
for spectral and trace element analyses from outcrop and felsenmeer over the Kliyul Zone.
One-hundred
and seventeen samples were collected from drill core for spectral analysis and trace element analysis.
Results of the program will be announced when all results from the program have been received and
evaluated.
The program was managed by Equity Exploration Consultants Ltd. and the IP survey was carried out by
Scott Geophysics Ltd. For further information on the Kliyul project, please see
www.pacificridgeexploration.com/projects/kliyul-british-columbia/
.
About Pacific Ridge
Pacific Ridge is a well-financed junior exploration company that has assembled a portfolio of highly
prospective gold and base metal projects located in the Yukon and British Columbia, where its board
and management team have a track record of success. Its holdings include the new Kliyul and Redton
copper-gold porphyry projects in north-central British Columbia, the Mariposa, Eureka Dome and Gold
Cap gold exploration projects in the Klondike-White Gold District, Fyre Lake Cu-Au-Co massive
sulphide deposit in the Finlayson District and the Spius Cu-Mo porphyry prospect in southern British
Columbia.
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
Danette Schwab, B.Sc., P.Geo., Vice-President of Exploration for 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 developments that Pacific 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 the 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 results 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
capital and financing and general economic, market or business conditions. These statements are
based on a number of assumptions including, among other things, assumptions regarding general
business and economic conditions, that one of the options will be exercised, 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 service 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/64515