Pacific Ridge Exploration Ltd. is pleased to announce that it has amended payment terms with BMC Minerals Ltd. for the option to purchase the Company's Fyre Lake property, located in the Yukon, and has received a $500,000 cash payment. Previously, the final payment of $850,000 to Pacific Ridge was due by December 31, 2022 . As renegotiated, BMC has paid $500,000 to the Company, with the final option payment of $400,000 [...]
Pacific Ridge Exploration Ltd. is pleased to announce the closing of its previously announced "bought deal" private placement of flow-through units of the Company underwritten by Red Cloud Securities Inc., as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters comprised of Beacon Securities Limited and M Partners Inc. . Pursuant to the Offering, the Company sold 18,750,000 FT Units at a price of [...]
Pacific Ridge Exploration Ltd. is pleased to announce that the 2022 exploration program at the Onjo copper-gold project , located 10 km west of Centerra Gold Inc.'s Mount Milligan mine in northcentral B.C., identified three new porphyry copper-gold targets. The exploration program at the Project consisted of prospecting, geological mapping, a soil sampling program and ZTEM airborne geophysical survey. Onjo hosts skarn and [...]
Pacific Ridge Exploration Ltd. has entered into an agreement with Red Cloud Securities Inc. to act as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters , pursuant to which the Underwriters have agreed to purchase for resale 15,625,000 flow-through units of the Company at a price of C$0.32 per FT Unit for gross proceeds of C$5,000,000. Each FT Unit will consist of one common share of the Company [...]
Pacific Ridge Exploration Ltd. is pleased to announce that the 2022 exploration program at the Chuchi copper-gold project , located 35-km northwest of Centerra Gold Inc.'s Mount Milligan mine in northcentral B.C., identified several new porphyry copper-gold targets and that the BP Zone, where most of the historical drilling was focused, has room to expand. The 2022 exploration program consisted of prospecting, geological [...]
Pacific Ridge Exploration Ltd. is pleased to announce that it has entered into an agreement with Sprott Capital Partners LP as lead agent on behalf of a syndicate of one or more additional agents , in connection with a "best efforts" private placement financing of 8,900,000 units of the Company at a price of C$0.28 per Unit, 6,250,000 units of the Company issued on a flow-through basis at a price of C$0.32 per FT Unit [...]
Pacific Ridge Exploration Ltd. is pleased to announce that drill hole KLI-22-041 returned 588.0 m of 0.41% copper equivalent or 0.56 g/t gold equivalent, including 278.0 m of 0.67% CuEq or 0.92 g/t AuEq, from the Kliyul copper-gold porphyry project. The program comprised 7,014.7 m in 12 drill holes, the largest ever drill program at the Project. Results of the first six drill holes, holes KLI-22-39 to KLI-22-44, are [...]
Join Ellis Martin for a conversation with Blaine Monaghan, the President and CEO of Pacific Ridge Exploration Ltd. as the company is pleased to announce that it has intersected 497.2 M of .66% copper equivalent or 0.96 G/T gold equivalent, including 107.2 M of 1.41% copper equivalent or 2.04 G/T gold from it's RPD Copper-Gold Project in British Columbia. Mr. Monaghan brings our listening audience up to date on its [...]
Pacific Ridge Exploration Ltd. is pleased to announce that drill hole RDP-22-005 returned 497.2 m of 0.66% copper equivalent or 0.96 g/t gold equivalent , including 107.2 m of 1.41% CuEq or 2.04 g/t AuEq, from the RDP copper-gold project , located in northcentral British Columbia, 40 km west of the Company's flagship Kliyul copper-gold project . Pacific Ridge's inaugural drill program at RDP totaled 1,861 metres in six [...]
Join Ellis Martin for a conversation with Blaine Monaghan, the President and CEO of Pacific Ridge Exploration as the company is pleased to announce that it has completed the 2022 diamond drill program at the Kliyul copper-gold porphyry project , located in the prolific Quesnel Trough in northcentral British Columbia. The Company completed 7014.7 m of drilling in 12 holes, the largest ever drill program at the Project, and [...]
Pacific Ridge Exploration Ltd. is pleased to announce that it has completed the 2022 diamond drill program at the Kliyul copper-gold porphyry project , located in the prolific Quesnel Trough in northcentral British Columbia . The Company completed 7014.7 m of drilling in 12 holes, the largest ever drill program at the Project, and successfully expanded the known Kliyul porphyry copper-gold footprint. "Our technical team [...]
Pacific Ridge Exploration Ltd. is pleased to announce that it has closed the previously announced non-brokered private placement with Crescat Capital LLC and DELPHI Unternehmensberatung Aktiengesellschaft, the Company's two largest shareholders. Pacific Ridge issued 3,391,304 units at a price of $0.23 per unit for gross proceeds of $780,000 . Proceeds from this Financing will be used for additional drilling at Pacific [...]
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