Pacific Ridge Exploration Ltd.

Pacific Ridge Exploration Ltd. announces that it has signed an earn-in agreement with Aurico Metals Inc. , a wholly owned subsidiary of Centerra Gold Inc. to acquire up to a 75% interest in the Kliyul and Redton copper-gold porphyry projects, British Columbia . "We are excited about the discovery potential of these very well-located projects, within a prolific mineral and mining belt" commented Gerry Carlson, President of [...]

Pacific Ridge Exploration Ltd. reports on a mapping and surface sampling program on its Mariposa Gold project, White Gold District, Yukon. Mariposa is a 280 km2 property covering the prolific Scroggie and Mariposa placer gold creeks, 30 km east of Newmont Goldcorp's Coffee Gold Project. Seven samples collected from float of quartz vein and stockwork material at the Hackly Zone averaged 2.50 gpt Au and 5.67 gpt Ag, with [...]

Pacific Ridge Exploration Ltd. reports results from the four-hole, 1,087 m drill program on its Spius copper porphyry prospect located 40 km southwest of Merritt, British Columbia. All holes intersected porphyry style alteration and mineralization. The highest-grade mineralization was intersected at the bottom of hole SP-19-03, drilled at the northern end of the Copper Zone, encountering 51.8 m averaging .099 % Cu [...]

Pacific Ridge Exploration Ltd. regrets to announce the passing of Chairman of the Board and Director R.E. Gordon Davis. Mr. Davis enjoyed a long and successful career as a geologist and mining entrepreneur, accomplishing many notable achievements, including co-discoverer of Yukon's Faro Pb-Zn-Ag deposit and the discovery of the Camino Rojo Au-Ag deposit in Mexico with his company Canplats Resources Corp. Mr. Davis was a [...]

Pacific Ridge Exploration Ltd. reports that it has successfully completed four NQ core holes for 1,087 m on its Spius copper porphyry prospect located 40 km southwest of Merritt, British Columbia. All holes intersected porphyry style alteration and mineralization. Assays from the drill program will be released when they are received, expected to be in four to six weeks. The drilling was carried out by Paycore Enterprises [...]

Pacific Ridge Exploration Ltd. reports that drilling has commenced on its Spius copper porphyry prospect located 40 km southwest of Merritt, British Columbia. The program will consist of four to six holes and is being conducted by Paycore Enterprises Ltd. of Valemount, B.C. The drilling will target copper soil anomalies that correlate with zones of enhanced IP chargeability with high resistivity. The Spius property was [...]

Pacific Ridge Exploration Ltd. reports on a planned 1,250 m drill program for its road accessible Spius copper porphyry prospect located 40 km southwest of Merritt, British Columbia. The program is planned for June 2019 and will consist of four to six holes. The drilling will target copper soil anomalies supported by zones of enhanced IP chargeability with high resistivity. The Spius property was explored for its porphyry [...]

Pacific Ridge Exploration Ltd. has granted incentive stock options under its 10% rolling stock option plan to certain directors, officers and consultants of the Company to purchase a total of 1,050,000 common shares at $0.05 per share exercisable for a period of five years. About Pacific Ridge Pacific Ridge has assembled a portfolio of highly-prospective gold and base metal projects located in the Yukon and British [...]

Pacific Ridge Exploration Ltd. announces that it has received a $1.2 million option payment from BMC Minerals Ltd. according to the amended purchase option agreement for its Fyre Lake project as announced December 21, 2018. The final $1.22 million payment required to exercise the option must be paid upon BMC obtaining production financing for its Kudz Ze Kayah project, Yukon, but in any event no later than December 31 [...]

Pacific Ridge Exploration Ltd. announces that it has agreed to amended payment terms to its agreement with BMC Minerals Ltd. for the option to purchase Pacific Ridge's Fyre Lake property, Yukon, as originally announced by the Company on December 28, 2016. The final payment to Pacific Ridge of $2.42 million, due on the second anniversary of the closing of the original agreement , will now be made in two tranches, with $1.2 [...]