Pacific Ridge's Common Shares Trading on The OTCQB; Kliyul Copper-Gold Project Update
Pacific Ridge's Common Shares Trading on
The OTCQB; Kliyul Copper-Gold Project
Update
Vancouver, British Columbia--(Newsfile Corp. - July 30, 2021) - Pacific Ridge Exploration Ltd. (TSXV:
PEX) (OTCQB: PEXZF) ("Pacific Ridge" or the "Company") is pleased to announce that its common
shares are now trading on the OTC Venture Market ("OTCQB") under the ticker symbol "PEXZF". B.
Riley Securities acted as the Company's OTCQB sponsor. B. Riley Securities, Inc. is a full-service
investment bank and subsidiary of B. Riley Financial, Inc., based in Los Angeles with offices across the
United States, providing corporate finance, research, sales and trading services.
The OTCQB offers early stage and developing international companies the benefits of being publicly
traded in the U.S. without the complexity and cost of a U.S. exchange listing. As a verified market with
efficient access to U.S. investors, the OTCQB helps companies build shareholder value with a goal of
enhancing liquidity and achieving a fair valuation.
Kliyul copper-gold project update
The start of the fully funded 2,500 metre diamond drill program at the Kliyul copper-gold project ("Kliyul"
or "Project") was delayed due to a wildfire that temporarily closed the main access road to the project
area. The fire is now under control and the road is again open. However, Pacific Ridge will remain
responsive to local conditions as required. Camp construction is nearly complete and the drill rig should
arrive in the next several days. The Company expects that the drill program will commence shortly and
will update investors when drilling starts.
Kliyul is located in Northwestern British Columbia ("B.C."), approximately 50 km southeast of Centerra
Gold Inc's
Kemess mine and 5 km from the Omineca mining road and power line, in one of the most
geochemically anomalous areas for copper and gold in the Quesnel Terrane. Historic drilling at Kliyul
encountered significant copper-gold porphyry-related mineralization. For example, drill hole KJ-15-34
intercepted 245 metres of 0.75% CuEQ
1
(see Pacific Ridge news release dated December 2, 2020)
which is an indication of Kliyul's potential.
Pacific Ridge utilized its newly constructed Kliyul database, which includes all the geological,
geochemical, geophysical and drill data, to prioritize drill targets within the large and highly prospective
Kliyul project area. The Company also drew upon the knowledge and expertise of Technical Advisory
Committee members Jim Logan, M.Sc., an expert on the geology of B.C. porphyry copper deposits, and
Dan Core (Fathom Geophysics), Ph.D., who is at the forefront of computer modelling and interpretation
of geophysical data.
About Pacific Ridge
Our goal is to become one of the leading copper-gold exploration companies in British Columbia.
Pacific Ridge's flagship project is the Kliyul copper-gold project, located in the Quesnel Trough,
approximately 50 km southeast of Centerra Gold's Kemess mine. In addition to Kliyul, the Company's
project portfolio includes the RDP copper-gold project and the Redton copper-gold project, both located
in British Columbia. Pacific Ridge will continue to search for projects that offer discovery opportunity in
our regions of expertise.
On behalf of the Board of Directors,
"Blaine Monaghan"
Blaine Monaghan
President & CEO
Pacific Ridge Exploration Ltd.
Corporate Contact:
Blaine Monaghan
President & CEO
Tel: (604) 687-4951
www.pacificridgeexploration.com
https://www.linkedin.com/company/pacific-ridge-exploration-ltd-pex-
https://twitter.com/PacRidge_PEX
Investor Contact:
G2 Consultants Corp.
Telephone: +1 778-678-9050
Email:
1
Copper equivalent (CuEQ) is equal to ((Cu (per cent) multiplied by $2.25 multiplied by 22.0642)
plus (Au (g/t) multiplied by $1,650 multiplied by 0.032151)) divided by ($2.25 multiplied by 22.0642).
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., Executive Chairman 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 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 arrival of the drill rig and the
anticipated start of drilling. 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/91672