Pacific Ridge Extends Mineralization at Chuchi Copper-Gold Project
Monday, Nov 25, 2024 7:06 am ET
6min read Pacific Ridge Exploration Ltd. (TSXV: PEX) recently completed a significant diamond drill program at the Chuchi copper-gold project, totaling 2,716 meters in five drill holes across the BP Zone ("BPZ"). The drill campaign aimed to extend known mineralization along strike and at depth, and the results have exceeded expectations.
The drilling campaign intersected significant porphyry copper-gold mineralization, with hole CH-24-072 highlighting 111.0 meters of 0.45% copper equivalent (CuEq) or 0.67 g/t gold equivalent (AuEq) within a broader interval of 600.4 meters grading 0.27% CuEq or 0.40 g/t AuEq. This is the best mineralized interval of the 2023 drilling program, demonstrating the potential for porphyry copper-gold mineralization at depth.
The drill results confirm the Company's geological model and support the exploration strategy of extending known mineralization along strike and at depth. The BPZ remains open along strike and at depth, presenting an exciting opportunity for further exploration and the potential for a large, high-grade copper-gold deposit.
The drilling campaign at the BPZ has provided valuable insights into the mineralized extent along the strike length and at depth. The results suggest a promising outlook for the exploration of copper-gold porphyry systems in the region, which could have implications for future investments in similar projects.
Pacific Ridge's exploration strategy for the remainder of 2024 will likely focus on expanding and defining the BPZ mineralization, as well as advancing other promising targets within the Chuchi project, such as the Digger Zone and Coho Zone at Chuchi South. Additionally, the Company will continue to explore and drill test the Kliyul copper-gold project, where previous drilling encountered high-grade intervals like CH-91-42, which intersected 50 m at 0.09% copper and 2.10 g/t gold.
The positive drilling results at the BP Zone are expected to have a significant impact on the market, potentially boosting Pacific Ridge's stock performance and investment attractiveness. As the Company progresses with its drill program and refines its targets, investors can anticipate further news flow and potential impacts on its stock price.
In conclusion, Pacific Ridge's recent drill campaign at the Chuchi copper-gold project has yielded promising results, with significant porphyry copper-gold mineralization intersected in the BP Zone. The Company's exploration strategy and the potential for a large, high-grade copper-gold deposit make Pacific Ridge an attractive investment opportunity in the copper-gold sector. As the Company continues to advance its exploration efforts, investors can expect a positive impact on its stock performance and investment attractiveness.
The drilling campaign intersected significant porphyry copper-gold mineralization, with hole CH-24-072 highlighting 111.0 meters of 0.45% copper equivalent (CuEq) or 0.67 g/t gold equivalent (AuEq) within a broader interval of 600.4 meters grading 0.27% CuEq or 0.40 g/t AuEq. This is the best mineralized interval of the 2023 drilling program, demonstrating the potential for porphyry copper-gold mineralization at depth.
The drill results confirm the Company's geological model and support the exploration strategy of extending known mineralization along strike and at depth. The BPZ remains open along strike and at depth, presenting an exciting opportunity for further exploration and the potential for a large, high-grade copper-gold deposit.
The drilling campaign at the BPZ has provided valuable insights into the mineralized extent along the strike length and at depth. The results suggest a promising outlook for the exploration of copper-gold porphyry systems in the region, which could have implications for future investments in similar projects.
Pacific Ridge's exploration strategy for the remainder of 2024 will likely focus on expanding and defining the BPZ mineralization, as well as advancing other promising targets within the Chuchi project, such as the Digger Zone and Coho Zone at Chuchi South. Additionally, the Company will continue to explore and drill test the Kliyul copper-gold project, where previous drilling encountered high-grade intervals like CH-91-42, which intersected 50 m at 0.09% copper and 2.10 g/t gold.
The positive drilling results at the BP Zone are expected to have a significant impact on the market, potentially boosting Pacific Ridge's stock performance and investment attractiveness. As the Company progresses with its drill program and refines its targets, investors can anticipate further news flow and potential impacts on its stock price.
In conclusion, Pacific Ridge's recent drill campaign at the Chuchi copper-gold project has yielded promising results, with significant porphyry copper-gold mineralization intersected in the BP Zone. The Company's exploration strategy and the potential for a large, high-grade copper-gold deposit make Pacific Ridge an attractive investment opportunity in the copper-gold sector. As the Company continues to advance its exploration efforts, investors can expect a positive impact on its stock performance and investment attractiveness.
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