Pacific Ridge Receives Permit Approval for Kliyul Gold-copper Porphyry Project
Pacific Ridge Receives Permit Approval for
Kliyul Gold-copper Porphyry Project
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2020) - Pacific Ridge Exploration Ltd.
(TSXV: PEX) ("Pacific Ridge" or the "Company") reports that it has received its exploration permit
approval from the BC Ministry of Energy Mines and Petroleum Resources for 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. This is a three-year area-based permit covering surface
exploration in 2020 and drill testing in 2021 and 2022.
The 2020 exploration program at Kliyul will include approximately 17 line-km of Induced Polarization
geophysical surveying as well as geological and alteration mapping and geochemical sampling. The
purpose of the program is to extend the depth of investigation of the chargeability and resistivity
response as well as to define vectors for a major drill test of priority Au-Cu targets planned for 2021. 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/62153