Welcome to our dedicated page for Pacific Ridge Expl news (Ticker: PEXZF), a resource for investors and traders seeking the latest updates and insights on Pacific Ridge Expl stock.
Pacific Ridge Exploration Ltd. explores a British Columbia copper-gold portfolio under the OTCQB symbol PEXZF and TSX Venture symbol PEX. Company news commonly centers on drilling and exploration planning at its 100% owned Kliyul and RDP copper-gold projects, including assay results, copper-equivalent and gold-equivalent intervals, mineralization expansion, and porphyry targets in the Quesnel terrane and Toodoggone Mining District.
Recurring corporate updates also cover the Kliyul Main Zone resource, the broader Chuchi, Onjo, and Redton project portfolio, exploration agreements with Takla Nation, stock option grants, investor-relations agreements, and governance or exchange-policy matters tied to Pacific Ridge's public-company status.
Pacific Ridge Exploration has entered into option agreements with Bronco Creek Exploration (BCE), a subsidiary of EMX Royalty , to acquire a portfolio of copper and gold projects in the United States. The agreement includes exclusive options to acquire 100% interest in four projects: Mineral Hill (Wyoming), Red Star (Utah), Ripsey West (Arizona), and Royston (Nevada).
The acquisition positions Pacific Ridge as one of North America's leading copper exploration companies, with projects in premier mining districts. The company plans to spin out its Yukon gold projects to create a new North American gold-focused exploration company. The new projects are all road accessible, allowing year-round exploration, and are located in mining-friendly states that rank highly in the Fraser Institute's 2023 annual mining survey.
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZ) has provided an overview of its 2024 activities and 2025 plans. In 2024, the company raised $3,467,999 to advance its copper-gold porphyry projects in British Columbia. Key achievements include completing an inaugural diamond drill program at Chuchi with 2,716m in five holes, conducting a ZTEM survey at Kliyul, and performing an IP survey at Redton.
For 2025, Pacific Ridge plans to diversify its portfolio by acquiring copper porphyry projects in the United States during Q1, spin out its Yukon gold projects into a new company in H1, and pursue a joint venture partner for Kliyul. The company aims to expand its footprint into areas with some of the world's largest copper porphyry mines while maintaining its focus on copper-gold porphyry exploration in British Columbia.
Pacific Ridge Exploration announced exceptional results from its inaugural drill program at the Chuchi copper-gold project in British Columbia. The company completed 2,716 meters in five diamond drill holes across the BP Zone, with every hole intersecting copper-gold mineralization. Notable results include drill hole CH-24-073 returning 65.0m of 0.42% copper equivalent within 382.0m of 0.27% copper equivalent. The program revealed two mineralized porphyritic intrusions at the BP Zone and Digger Zone, suggesting the presence of a large porphyry system that remains open laterally and at depth. The project is located 35 km northwest of Centerra Gold's Mount Milligan Mine and is road accessible.
Pacific Ridge Exploration has announced results from an airborne ZTEM survey at its Kliyul copper-gold project in British Columbia. The 541 line-kilometer survey covered 85% of Kliyul and strengthens confidence that drill hole KLI-23-069 intersected a mineralized quartz diorite porphyry stock north of the Kliyul Main Zone (KMZ).
The survey identified a potentially mineralized 700m NNE-trending corridor from KMZ to the Darb Creek pluton. Results support the company's interpretation that KMZ is one of multiple mineralized porphyry centres associated with a deep source pluton. The company plans to conduct 3-D modeling of the ZTEM results and integrate them with existing data to define future drilling targets.
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) announces that an induced polarization (IP) geophysical survey at its Redton copper-gold project in British Columbia has confirmed a porphyry exploration target within 3 km of NorthWest Copper Corp.'s Kwanika South Zone deposit. Key highlights include:
1. Redton covers over 34 km² and adjoins NorthWest's Kwanika property.
2. The 2024 IP survey comprised 7.5 line-kilometers in three reconnaissance lines.
3. The survey identified a compelling target at the Northeast Kwanika South (NEX) area.
4. NEX lies at the intersection of an interpreted cross-structure with an NNW-trending lithological contact boundary.
The IP survey results, combined with structural interpretation, airborne magnetics models, soil geochemistry, and favorable geology, have increased confidence in identifying a potential new porphyry discovery. Pacific Ridge plans to follow up with additional infill survey lines and a possible drill program.
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) has completed its inaugural drill program at the Chuchi copper-gold project in B.C., intersecting copper mineralization in every drill hole. The program covered 2,716 m in five diamond drill holes over a 750 m strike length across the BP Zone (BPZ). Key points:
1. Every drill hole intersected alkalic porphyry copper mineralization.
2. The BPZ shows potential for expansion along strike and at depth.
3. Chuchi is located 35 km northwest of Centerra Gold's Mount Milligan mine.
4. The BPZ is one of several porphyry targets within a six-kilometre north-northwest trend at Chuchi.
5. The drill program was ground-supported and located a two-hour drive from Fort Saint James.
The company believes the BPZ has significant untested potential for porphyry copper-gold mineralization, as many historical drill holes were shallow and ended in mineralization. Assay results are pending and will be released once received and compiled.
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) has initiated an induced polarization (IP) geophysical survey at its 100% owned Redton copper-gold project in northcentral British Columbia. The survey comprises eight line-kilometres across three reconnaissance lines, targeting three areas in the northern half of the project.
Key points:
- Redton adjoins NorthWest Copper Corp.'s Kwanika copper-gold deposits
- The project features a 5-km-long north-northwest trend of porphyry copper-gold targets
- The survey aims to identify IP geophysical signatures for future follow-up and potential drilling
- Target areas include the East Swan, Redton East, and NEX targets
Pacific Ridge's President and CEO, Blaine Monaghan, expressed optimism about identifying future drill targets through this survey.
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) has commenced its inaugural diamond drill program at the Chuchi copper-gold project in B.C. The company plans to drill approximately 3,000 m in five or six drill holes over an 800 m strike length at the BP Zone. Chuchi is located 35 km northwest of Centerra Gold's Mount Milligan mine and is road accessible. Key highlights include:
- Previous drill highlights: 194.0 m at 0.21% Cu and 0.21 g/t Au (CH-90-27), and 229.2 m at 0.10% Cu and 0.61 g/t Au (CH-91-42)
- Pacific Ridge believes Chuchi has significant untested potential for porphyry copper-gold mineralization
- The company has completed geophysical surveys and 3D modelling to guide the current drill program
- Drilling aims to extend known mineralization along strike and at depth
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) has initiated a helicopter-borne ZTEM geophysical survey at its Kliyul copper-gold project in British Columbia. The survey will cover 599 line-kilometers, encompassing 85% of Kliyul, including key target areas. Pacific Ridge aims to expand the Kliyul Main Zone (KMZ) and identify new porphyry targets.
The company is also planning an IP survey at its Redton project and a 2,500-3,500 m diamond drill program at Chuchi. The 2023 drill program at Kliyul significantly expanded the known mineralization at KMZ to 760 m E-W x 600 m N-S x 650 m depth. The last drill hole of 2023 intersected potential higher-grade porphyry mineralization at depth, providing new vectors for targeting.
The ZTEM survey results are expected to confirm the company's understanding of the KMZ porphyry system and potentially increase its grade profile and mineralized extents.
Pacific Ridge Exploration has extended the closing date of its $2,000,000 non-brokered private placement by 30 days.
The first tranche raised $1,683,380 through the issuance of 16,250,000 flow-through units at $0.08 per unit and 5,476,858 non-flow-through units at $0.07 per unit. The final tranche is expected to close within 30 days.
Proceeds will be used for general working capital and a diamond drill program at the Chuchi copper-gold project in British Columbia, where 2,500-3,500 meters of drilling are planned for this year.
Each unit includes a common share and a warrant exercisable at $0.12 for 24 months. The securities will be under a hold period of four months plus one day post-issuance.
Proceeds from flow-through shares will be used for Canadian exploration expenses and flow-through mining expenditures, renounced to subscribers by December 31, 2024.