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Pacific Ridge Exploration Ltd. (V:PEX)

Business Focus: Integrated Mining

Sep 22, 2021 08:00 am ET
Pacific Ridge Completes Drilling Program at Kliyul with Copper and Gold Porphyry-Style Mineralization Intersected in All Holes
Vancouver, British Columbia--(Newsfile Corp. - September 22, 2021) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) ("Pacific Ridge" or the "Company") is pleased to announce that it has completed its maiden diamond drill ("DDH") program at the Kliyul copper-gold porphyry project ("Kliyul" or "Project"), located in the prolific Quesnel Trough in Northwest British Columbia.
Aug 05, 2021 08:00 am ET
Drilling Underway at Pacific Ridge's Kliyul Copper Gold Porphyry Project
Vancouver, British Columbia--(Newsfile Corp. - August 5, 2021) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) ("Pacific Ridge" or the "Company") is pleased to announce that the diamond drill program is now underway at the Kliyul copper-gold porphyry project ("Kliyul" or "Project"), located in the prolific Quesnel Trough in Northwest British Columbia (see Figure 1). The Company plans to drill a minimum of 2,500 metres testing the Kliyul Main Zone ("KMZ") and two newly defined adjacent targets, Kliyul East and Kliyul West.
Jul 30, 2021 08:00 am ET
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.
Jul 15, 2021 08:00 am ET
Pacific Ridge Applies to Trade on the OTCQB; European Marketing Consultant Retained; Grant of Stock Options
Vancouver, British Columbia--(Newsfile Corp. - July 15, 2021) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTC Pink: PEXZF) ("Pacific Ridge" or the "Company") is pleased to announce that it has submitted its application to trade its common shares on the OTC Venture Market ("OTCQB").
Jun 25, 2021 08:00 am ET
Pacific Ridge Announces Results of AGM
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2021) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTC Pink: PEXZF) ("Pacific Ridge" or the "Company") is pleased to announce that the following directors were elected at its Annual General Meeting held June 24, 2021: Gerald Carlson, Blaine Monaghan, Bruce Youngman (an independent director), Borden Putnam III (an independent director), and Gary Baschuk (an independent director). In addition, the shareholders re-appointed PricewaterhouseCoopers LLP, Chartered Accountants, as auditor of the Company and approved the Company's rolling incentive stock option plan pursuant to which a maximum of 10% of the issued shares will be reserved for issuance under the plan. The plan is subject to TSX Venture Exchange acceptance.
Jun 17, 2021 08:00 am ET
Pacific Ridge Announces 2021 Exploration Plans; Drilling to Start Next Month at the Kliyul Copper-Gold Porphyry Project
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2021) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTC Pink: PEXZF) ("Pacific Ridge" or the "Company") plans to launch a fully funded 2,500 metre diamond drill program at the Kliyul copper-gold project ("Kliyul" or the "Project") this July. The Company also plans to conduct exploration at the RDP copper-gold project and the Redton copper-gold project. All three projects are located in the prolific Quesnel Trough in northwestern British Columbia (see Figure 1).
Jun 07, 2021 01:00 pm ET
Drilling Commences at Pacific Ridge's Spius Porphyry Copper Project
Vancouver, British Columbia--(Newsfile Corp. - June 7, 2021) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") is pleased to report that a 550-metre drill program has commenced at its Spius copper porphyry project ("Spius" or the "Property"). The Property is located 40 km southwest of Merritt, British Columbia, and is currently under option to Arctic Fox Ventures Inc. 
Jun 04, 2021 08:00 am ET
Pacific Ridge Closes $1.5 Million Financing for Summer Drill Program at Kliyul Copper Gold Project; Crescat Lead Order
Vancouver, British Columbia--(Newsfile Corp. - June 4, 2021) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") is pleased to announce that it has closed the previously announced non-brokered private placement by issuing 10,000,000 units at a price of $0.15 per unit ("Unit") for gross proceeds of $1,500,000 (the "Financing"). Crescat Capital LLC ("Crescat") acquired 7,000,000 of the Units.
May 26, 2021 08:00 am ET
Pacific Ridge Nominates Mining Industry Veteran to Stand for Election to the Board of Directors
Vancouver, British Columbia--(Newsfile Corp. - May 26, 2021) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") is pleased to announce that mining industry veteran Gary Baschuk will stand for election to the Company's board of directors at the annual general meeting to be held on June 24, 2021.
May 11, 2021 08:00 am ET
Pacific Ridge Adds Geophysical Expert to Newly Formed Technical Advisory Committee
Vancouver, British Columbia--(Newsfile Corp. - May 11, 2021) -  Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") is pleased to announce the appointment of Dan Core, Ph.D., to its Technical Advisory Committee (the "Committee"). In addition to Dan, the Committee includes Borden Putnam III (Committee Chair), an independent director, Craig Hart and Jim Logan, technical advisors, Dr. Gerald Carlson, Executive Chairman, and Danette Schwab, Vice President Exploration.
May 04, 2021 08:00 am ET
Pacific Ridge Continues to Build Its Portfolio of BC Copper Gold Projects with the Acquisition of the RDP Project
Vancouver, British Columbia--(Newsfile Corp. - May 4, 2021) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") is pleased to announce that it has entered into an agreement to acquire 100% of the RDP copper-gold porphyry project in central British Columbia, approximately 40 km west of its flagship Kliyul copper-gold project (see Figure 1).
Apr 29, 2021 08:00 am ET
Pacific Ridge Raising $1.5 Million for Drill Program at Kliyul Copper Gold Project; Lead Order from Crescat
Vancouver, British Columbia--(Newsfile Corp. - April 29, 2021) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") is pleased to announce its plans to issue up to 10,000,000 units in a non-brokered private placement at a price of $0.15 per unit ("Unit") for gross proceeds of up to $1,500,000 (the "Financing"). Crescat Capital LLC ("Crescat") intends to acquire 7,000,000 of the Units.
Mar 09, 2021 01:55 pm ET
Pacific Ridge Grants Stock Options
Vancouver, British Columbia--(Newsfile Corp. - March 9, 2021) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") announces that it has granted incentive stock options to various directors, officers, and consultants to purchase 850,000 common shares at an exercise price of $0.105 per share exercisable for a period of five years. The options granted to various directors and officers vest immediately. The 200,000 stock options granted to G2 Consultants, an investor relations consultant, will vest 25% each quarter over a 12-month period. The stock options are subject to the terms and conditions of the Company's stock option plan and the policies of the TSX Venture Exchange.
Mar 08, 2021 12:36 pm ET
DELPHI Unternehmensberatung Announces Filing of Early Warning Report
DELPHI Unternehmensberatung Aktiengesellschaft (“DELPHI”) has acquired of 8,000,000 units (“Units”) of Pacific Ridge Exploration Ltd. (“Company”) (TSX-V: PEX) at C$ 0.10 per Unit through a flow-through private placement of the Company...
Mar 08, 2021 08:00 am ET
Pacific Ridge Closes $1.1M Financing to Fund Drill Program at Kliyul Copper Gold Project
Vancouver, British Columbia--(Newsfile Corp. - March 8, 2021) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") is pleased to announce that the Company has closed the previously announced flow-through private placement by issuing 8,000,000 units at a price of $0.142 per unit ("FT Unit") for gross proceeds of $1,136,000 (the "Financing"). DELPHI Unternehmensberatung Aktiengesellschaft ("DELPHI") acquired all of the FT Units. Proceeds from this Financing will be used to drill the Kliyul copper-gold project, located in British Columbia, this summer.
Mar 03, 2021 08:00 am ET
Pacific Ridge Adds Porphyry Copper Deposit Expert to Newly Formed Technical Advisory Committee
Vancouver, British Columbia--(Newsfile Corp. - March 3, 2021) -  Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") is pleased to announce the appointment of James (Jim) M. Logan, P.Geo., to its newly formed Technical Advisory Committee (the "Committee"). In addition to Jim, the Committee includes Borden Putnam III (Committee Chair), an independent director, Dr. Craig Hart, a technical advisor, Dr. Gerald Carlson, Executive Chairman, and Danette Schwab, Vice President Exploration.
Feb 18, 2021 08:00 am ET
Pacific Ridge Announces $1.1M Investment Backed by Delphi to Fund Drill Program at Kliyul Copper Gold Project
Vancouver, British Columbia--(Newsfile Corp. - February 18, 2021) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") announces its plans to issue up to 8,000,000 units in a flow-through private placement at a price of $0.142 per unit ("FT Unit") for gross proceeds of $1,136,000 (the "Financing"). DELPHI Unternehmensberatung Aktiengesellschaft ("DELPHI") intends to acquire all of the FT Units.
Feb 08, 2021 08:00 am ET
Borden Putnam III Joins Pacific Ridge Board of Directors
Vancouver, British Columbia--(Newsfile Corp. - February 8, 2021) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") is pleased to announce that Borden Putnam III has been appointed to the Company's Board of Directors. Mr. Putnam is a Professional Geologist with over 40-years of mineral exploration experience, predominantly as an asset analyst and geologist in the mineral industry, and as a buy-side analyst at several U.S.-based mutual and hedge funds.
Jan 18, 2021 08:00 am ET
Pacific Ridge Hires G2 Consultants to Provide Financial Public Relations Services
Vancouver, British Columbia--(Newsfile Corp. - January 18, 2021) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") is pleased to announce that the Company has entered into a consulting agreement with G2 Consultants Corp. ("G2"), a financial public relations firm, to increase Pacific Ridge's profile within the financial community.
Jan 04, 2021 08:00 am ET
Pacific Ridge Appoints New President and Chief Executive Officer
Vancouver, British Columbia--(Newsfile Corp. - January 4, 2021) -  Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") is pleased to announce that Blaine Monaghan has been appointed President and Chief Executive Officer of the Company. Dr. Gerald G. Carlson, the former President and CEO, has been appointed Executive Chairman of the Company and retains responsibility for Pacific Ridge's technical programs.
Dec 11, 2020 08:00 am ET
Pacific Ridge Announces Redton Drill Results and Provides Exploration Update
Vancouver, British Columbia--(Newsfile Corp. - December 11, 2020) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") reports on results of a single diamond drill hole, RTN-20-01, located 2.5km north of the Kwanika Central Zone at the road accessible Redton North target. The drill hole tested a 550 m by 250 m magnetic and IP chargeability anomaly and coincident copper-molybdenum soil anomaly located 2.5 km north of Serengeti Resources Inc.'s ("Serengeti") Kwanika Central Zone deposit1. The drill hole encountered a magnetite-bearing mafic intrusive with a minor amount of quartz, potassium feldspar, chlorite, calcite, gypsum and epidote veining, moderate to strong chlorite alteration and local serpentinization. No significant copper or gold assays were encountered. The ubiquitous presence of magnetite as well as strong magnetic susceptibility values (average of 44.9 SI and maximum of 505 SI) in the drill hole explain the magnetic anomaly. The source of the chargeability and Cu-Mo anomaly remains unexplained.
Dec 02, 2020 08:00 am ET
Pacific Ridge Identifies Two New Priority Targets at Its Kliyul Gold Copper Porphyry Project
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2020) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") is pleased to announce that the results of its 2020 geophysical survey have demonstrated the potential to expand porphyry gold and copper mineralization at the Kliyul Main Zone and has outlined two new adjacent targets, Kliyul East and Kliyul West. Neither of the two new targets have previously been drilled. The Kliyul Main Zone, Kliyul East and Kliyul West are defined by moderate to high chargeability and resistivity and variable magnetics and occur over a strike length of 1.5km. The Company plans to drill test all three targets during the 2021 field season.
Nov 20, 2020 08:00 am ET
Pacific Ridge Signs Exploration Agreement with Takla and Tsay Keh Dene First Nations for Kliyul Gold-Copper Porphyry Project
Vancouver, British Columbia--(Newsfile Corp. - November 20, 2020) -  Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") reports that it has entered into an Exploration Agreement (the "Agreement") with Takla Nation ("Takla") and Tsay Keh Dene First Nation ("TKD"). The Agreement establishes a mutually beneficial and cooperative relationship whereby communication and collaboration between Takla, TKD and Pacific Ridge are key factors, providing the parties certainty in their relationship throughout the advancement of the Kliyul project. The Agreement recognizes Takla's and TKD's stewardship role in environmental and wildlife monitoring.
Oct 22, 2020 08:00 am ET
Pacific Ridge Farms Out Spius Porphyry Copper Project
Vancouver, British Columbia--(Newsfile Corp. - October 22, 2020) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") reports that it has arranged for the option of its Spius copper porphyry prospect (the "Property"), located 40 km southwest of Merritt, British Columbia, to Arctic Fox Interactive Ltd. ("Arctic Fox"). Arctic Fox can earn a 60% interest in the Property by making payments of $50,000, issuing 1,000,000 shares and spending $550,000 on exploration by December 31, 2022. It is expected that Arctic Fox's work program will include a drill test of the Copper Zone during the 2021 field season.
Oct 13, 2020 08:00 am ET
Pacific Ridge Completes Drill Program at Redton Cu-Au Porphyry Project
Vancouver, British Columbia--(Newsfile Corp. - October 13, 2020) -  Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") reports that it has completed a one hole diamond drill program, for 434 m, at its road accessible Redton porphyry project, located in central British Columbia, adjacent to Serengeti Resources Inc.'s Kwanika project. The drill hole tested a 550 m by 250 m magnetic and IP chargeability anomaly and coincident 500 m x 100 m copper- molybdenum-in soil anomaly located 2.5 km north of the Kwanika Central Zone deposit1 Results of the program will be announced as soon as assays are received. For further information on the Redton project, please see https://pacificridgeexploration.com/projects/british-columbia/redton/.
Oct 05, 2020 08:30 am ET
Pacific Ridge Closes Flow Through Financing
Vancouver, British Columbia--(Newsfile Corp. - October 5, 2020) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") has closed the second and final tranche of its previously announced flow-through private placement by issuing 550,000 units at a price of $0.075 per unit ("FT Unit") for gross proceeds of $41,250. In total, the Company has now closed 3,119,999 units in two tranches for total gross proceeds of $234,000. Each FT Unit consists of one common share of the Company that qualifies as a "flow-through share" for the purposes of the Income Tax Act (Canada) and one-half of one common share purchase warrant, with each whole warrant exercisable to purchase one additional non-flow-through common share at an exercise price of $0.12 for a period of 18 months, subject to the following acceleration provision: if at any time after 4 months from the date of issue of the warrants the closing market price of the Company's common shares on the TSX Venture Exchange is greater than $0.35 per share for 20 consecutive trading days (the "Triggering Event"), the Company may, within 5 days of the Triggering Event, accelerate the expiry date of the warrants by giving notice thereof to the holders of the warrants, by way of press release, in which event the warrants will expire on the 30th day after the date on which such notice is given.
Sep 29, 2020 08:00 am ET
Pacific Ridge Plans Drill Program at Redton Cu-Au Porphyry Project
Vancouver, British Columbia--(Newsfile Corp. - September 29, 2020) -  Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") reports that it is planning a one to two hole drill program at its road accessible Redton porphyry project, located in central British Columbia, adjacent to Serengeti Resources Inc.'s Kwanika project. The drill holes will test a 550m by 250m magnetic and IP chargeability anomaly and coincident 500m x 100m copper- molybdenum soil anomaly located 2.5 km north of the Kwanika Central Zone deposit1 (Measured and Indicated Resource of 223.6 million tonnes grading 0.27% copper, 0.25 g/t gold and 0.87 g/t silver containing 1.32 billion pounds of Cu, 1.83 million ounces of Au and 6.27 million ounces of Ag - Serengeti news release, March 3, 2019). The program is expected to commence within a few days. For further information on the Redton project, please see https://www.pacificridgeexploration.com/projects/redton-gold-copper/.
Sep 24, 2020 08:00 am ET
Pacific Ridge Completes Field Work on Kliyul Gold-Copper Porphyry Project
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2020) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") reports that a two week field program has been completed on its Kliyul gold-copper porphyry project, located in central British Columbia, 5 km from the Omineca Mine Road and powerline and 70 km south of the Kemess mine site. The purpose of the program is to extend the depth of investigation of the chargeability and resistivity response related to the Kliyul mineralization as well as to define vectors to mineralization for a major drill test of priority Au-Cu targets planned for 2021. The program included 9.1 line km of IP and ground magnetometer surveying over the Kliyul Main Zone, surface and drill core sampling to identify alteration and geochemical vectors and historical core re-logging to identify porphyry-style veining. Fifty-two surface samples were collected for spectral and trace element analyses from outcrop and felsenmeer over the Kliyul Zone. One-hundred and seventeen samples were collected from drill core for spectral analysis and trace element analysis. Results of the program will be announced when all results from the program have been received and evaluated.
Sep 11, 2020 12:17 pm ET
TMX Group, Pacific Ridge Exploration, C-Suite at The Open
TORONTO, Sept. 11, 2020 /CNW/ - Gerry Carlson, President & CEO, Pacific Ridge Exploration Ltd. (TSXV: PEX), shares his company's story in an interview with TMX Group. 
Sep 09, 2020 08:13 am ET
Pacific Ridge Commences Field Work on Kliyul Gold-Copper Porphyry Project
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2020) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") reports that field work has commenced on its Kliyul gold-copper porphyry project, located in central British Columbia, 5 km from the Omineca Mine Road and powerline and 70 km south of the Kemess mine site. The program includes an Induced Polarization geophysical surveying as well as geological and alteration mapping and geochemical sampling. The program is being managed by Equity Exploration Consultants Ltd. The purpose of the program is to extend the depth of investigation of the chargeability and resistivity response related to the Kliyul mineralization as well as to define vectors to mineralization for a major drill test of priority Au-Cu targets planned for 2021. For further information on the Kliyul project, please see www.pacificridgeexploration.com/projects/kliyul-british-columbia/.
Aug 28, 2020 08:00 am ET
Pacific Ridge Closes First Tranche of Flow Through Financing
Vancouver, British Columbia--(Newsfile Corp. - August 28, 2020) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") has closed the first tranche of its previously announced flow-through private placement by issuing 2,569,999 units at a price of $0.075 per unit ("FT Unit") for gross proceeds of $192,750. Each FT Unit consists of one common share of the Company that qualifies as a "flow-through share" for the purposes of the Income Tax Act (Canada) and one-half of one common share purchase warrant, with each whole warrant exercisable to purchase one additional non-flow-through common share at an exercise price of $0.12 for a period of 18 months, subject to the following acceleration provision: if at any time after 4 months from the date of issue of the warrants the closing market price of the Company's common shares on the TSX Venture Exchange is greater than $0.35 per share for 20 consecutive trading days (the "Triggering Event"), the Company may, within 5 days of the Triggering Event, accelerate the expiry date of the warrants by giving notice thereof to the holders of the warrants, by way of press release, in which event the warrants will expire on the 30th day after the date on which such notice is given.
Aug 20, 2020 08:00 am ET
Pacific Ridge Receives Permit Approval for Kliyul Gold-copper Porphyry Project
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2020) -  Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") reports that it has received its exploration permit approval from the BC Ministry of Energy Mines and Petroleum Resources for its Kliyul gold-copper porphyry project, located in central British Columbia, 5 km from the Omineca Mine Road and powerline and 70 km south of the Kemess mine site. This is a three-year area-based permit covering surface exploration in 2020 and drill testing in 2021 and 2022.
Aug 18, 2020 08:00 am ET
Pacific Ridge Closes First Tranche of Flow Through Financing
Vancouver, British Columbia--(Newsfile Corp. - August 18, 2020) -  Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") has closed the first tranche of its previously announced flow-through private placement by issuing 2,569,999 units at a price of $0.075 per unit ("FT Unit") for gross proceeds of $192,750. Each FT Unit consists of one common share of the Company that qualifies as a "flow-through share" for the purposes of the Income Tax Act (Canada) and one-half of one common share purchase warrant, with each whole warrant exercisable to purchase one additional non-flow-through common share at an exercise price of $0.12 for a period of 18 months, subject to the following acceleration provision: if at any time after 4 months from the date of issue of the warrants the closing market price of the Company's common shares on the TSX Venture Exchange is greater than $0.35 per share for 20 consecutive trading days (the "Triggering Event"), the Company may, within 5 days of the Triggering Event, accelerate the expiry date of the warrants by giving notice thereof to the holders of the warrants, by way of press release, in which event the warrants will expire on the 30th day after the date on which such notice is given.
Jul 21, 2020 07:00 pm ET
Pacific Ridge Provides Update on Kliyul and Redton Properties
Vancouver, British Columbia--(Newsfile Corp. - July 21, 2020) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") reports that it has now filed technical reports with respect to the previously-announced acquisitions of the Kliyul and Redton gold-copper porphyry projects located in the Omineca Mining Division, British Columbia, as required by the TSX Venture Exchange. The Company has now satisfied all requirements to receive final TSX Venture Exchange acceptance of the acquisitions.
Jul 14, 2020 08:00 am ET
Pacific Ridge Announces Flow Through Financing
Vancouver, British Columbia--(Newsfile Corp. - July 14, 2020) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") announces that it is proposing to issue up to 4,000,000 units in a flow-through private placement at a price of $0.075 per unit ("FT Unit") for gross proceeds of $300,000. Each FT Unit will be comprised of one common share of the Company that qualifies as a "flow-through share" for the purposes of the Income Tax Act (Canada) (an "FT Unit Share") and one-half of one common share purchase warrant, with each whole warrant exercisable to purchase one additional non-flow-through common share at an exercise price of $0.12 for a period of 18 months, subject to the following acceleration provision: if at any time after 4 months from the date of issue of the warrants the closing market price of the Company's common shares on the TSX Venture Exchange is greater than $0.35 per share for 20 consecutive trading days (the "Triggering Event"), the Company may, within 5 days of the Triggering Event, accelerate the expiry date of the warrants by giving notice thereof to the holders of the warrants, by way of press release, in which event the warrants will expire on the 30th day after the date on which such notice is given.
Jul 03, 2020 02:02 pm ET
Pacific Ridge Retains Investor Relations Consultant
Vancouver, British Columbia--(Newsfile Corp. - July 3, 2020) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") announces that it has retained Freeform Communications Inc. ("Freeform"), a full service investor relations firm based in Vancouver, British Columbia. With over 90 years of combined experience, specializing in a full range of investor relations and capital market services, Freeform has represented a wide array of public and private clients and has assisted each in attaining their targeted goals including the raising of capital and broadening their shareholder base.
Jun 26, 2020 08:00 am ET
Pacific Ridge Announces Results of AGM
Vancouver, British Columbia--(Newsfile Corp. - June 26, 2020) -  Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") reports that the following directors were re-elected at its Annual General Meeting held June 25, 2020: Gerald Carlson, Blaine Monaghan and Bruce Youngman. In addition, the shareholders re-appointed PricewaterhouseCoopers LLP, Chartered Accountants, as auditor of the Company and approved the Company's rolling incentive stock option plan pursuant to which a maximum of 10% of the issued shares will be reserved for issuance under the plan. The plan is subject to TSX Venture Exchange acceptance.
Jun 18, 2020 08:30 am ET
Pacific Ridge Completes Geophysical Interpretation and 3-D Modeling on Its Kliyul Au-Cu Porphyry Project, BC
Vancouver, British Columbia--(Newsfile Corp. - June 18, 2020) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") reports that it has completed a reinterpretation of historical geophysical surveys, including several campaigns of ground magnetics and induced polarization ("IP") surveys and an airborne magnetic survey completed by Geoscience BC over its Kliyul Au-Cu porphyry prospect, north-central BC. This interpretation has been integrated with known surface geology, alteration and mineralization as well as data from 19 drill holes to produce a 3-D target model. The geophysical interpretation was completed by Platform Geoscience of Toronto. The Kliyul property is located 200 km north of Smithers and 70 km south of the Kemess mine, within 5 km of the Omineca Mine Road (Figure 1).
May 11, 2020 10:35 am ET
Pacific Ridge Provides Update on Kliyul and Redton Properties
Vancouver, British Columbia--(Newsfile Corp. - May 11, 2020) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") reports that the previously-announced acquisition of the Kliyul and Redton gold-copper porphyry projects located in the Omineca Mining Division, British Columbia (the "Properties") has received acceptance of the TSX Venture Exchange subject to the filing of technical reports. The technical reports are expected to be filed in late June once the weather and any restrictions due to COVID-19 allows for required site visits to the Properties.
Apr 16, 2020 08:30 am ET
Pacific Ridge Announces Amended Fyre Lake Terms and $250,000 Cash Payment
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2020) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") announces that it has agreed to amended payment terms to its agreement with BMC Minerals (No. 1) Ltd. ("BMC") for the option to purchase Pacific Ridge's Fyre Lake property, Yukon, as originally announced by the Company on December 28, 2016. Previously, the final payment to Pacific Ridge of $1.22 million was due upon BMC obtaining production financing for its Kudz Ze Kayah project, but in any event no later than December 31, 2020. As renegotiated, BMC will pay $250,000 to Pacific Ridge within 20 business days and will pay $1.2 million within thirty days of BMC receiving the Type A Water License for the development of its proposed ABM Mine, but in any event no later than December 31, 2021. BMC will continue to pay $75,000 to Pacific Ridge every six months until the final tranche has been paid, with the next payment being due June 30, 2020. All other terms and conditions of the agreement remain the same, including the bonus payment of $1,000,000 that is due if and when BMC's Kudz Ze Kayah property has reached commercial production for one year.
Apr 14, 2020 08:30 am ET
Pacific Ridge Announces Revised Terms for Kliyul and Redton Options
Vancouver, British Columbia--(Newsfile Corp. - April 14, 2020) -  Pacific Ridge Exploration Ltd. (TSX Venture: PEX) ("Pacific Ridge" or the "Company") announces that it has arranged a revision of the terms with Aurico Metals Inc. ("Aurico"), a wholly owned subsidiary of Centerra Gold Inc., for the option to acquire up to a 75% interest in the Kliyul and Redton gold-copper porphyry projects (the "Properties"), British Columbia, originally announced January 17, 2020. In light of the current COVID-19 pandemic and the difficult market conditions, Aurico has agreed to forego the $500,000 work requirement for the 2020 field season. Any amount less than the original $500,000 requirement that is not spent in 2020 will be added to the 2021 work requirement.
Mar 17, 2020 08:30 am ET
Pacific Ridge Appoints Vice President Exploration and Grants Stock Options
Vancouver, British Columbia--(Newsfile Corp. - March 17, 2020) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") is pleased to announce the appointment of Danette Schwab as Vice President Exploration of the Company.
Jan 17, 2020 02:33 pm ET
Pacific Ridge Announces Gold-Copper Acquisition in British Columbia
Vancouver, British Columbia--(Newsfile Corp. - January 17, 2020) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") announces that it has signed an earn-in agreement with Aurico Metals Inc. ("Aurico"), 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 (the "Properties").
Sep 12, 2019 08:30 am ET
Pacific Ridge Announces 9.751 gpt Gold Grab Sample, Hackly Zone, Mariposa Project, Yukon
Vancouver, British Columbia--(Newsfile Corp. - September 12, 2019) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") 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 the highest, 9.75 gpt Au and 15.7 gpt Ag from a hematite-rich sample of quartz vein. All samples were collected upslope from historical trenching, suggesting an undiscovered structurally controlled gold source. The Hackly Zone occurs immediately above a particularly productive placer mining area on Mariposa Creek, noted for pristine gold nuggets that appear to be close to their bedrock source.
Aug 02, 2019 08:30 am ET
Pacific Ridge Announces Spius Drill Results
Vancouver, British Columbia--(Newsfile Corp. - August 2, 2019) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") 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 (224.3 to 273 m), including 39.0 m at .113 % Cu (237-276 m). Hole SP-19-04, located 200 m south of hole 3, intersected 81.0 of 0.071 % Cu, (179 to 263 m) including 19.4 m at 0.116 % Cu (182-200 m), also at the bottom of the hole. Hole SP-19-02, drilled 700 m southwest of hole 3, intersected 25.4 m at 0.0554 % Cu and 0.0038 % Mo (140.7 to 166 m) and 20.0 m at 0.0557 % Cu and 0.0018 % Mo (250 to 270 m). All drill holes encountered porphyry-style mineralization and alteration, with variably anomalous copper and molybdenum concentrations and locally anomalous silver throughout.
Jul 29, 2019 12:34 pm ET
Pacific Ridge Announces the Passing of Gordon Davis
Vancouver, British Columbia--(Newsfile Corp. - July 29, 2019) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") 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 valued member of Pacific Ridge's board, providing wise counsel and always supporting early stage exploration as a key in creating shareholder value. The Company wishes to express its condolences to Gordon's family and friends.
Jun 21, 2019 08:30 am ET
Pacific Ridge Announces Completion of Drilling at Spius, Results of AGM
Vancouver, British Columbia--(Newsfile Corp. - June 21, 2019) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") 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 Ltd. of Valemount, B.C.
Jun 05, 2019 08:30 am ET
Pacific Ridge Announces Commencement of Drilling at Spius
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2019) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") 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.
Mar 21, 2019 08:30 am ET
Pacific Ridge Announces 2019 Drill Plans for the Spius Copper Project
Vancouver, British Columbia--(Newsfile Corp. - March 21, 2019) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") 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.
Jan 04, 2019 08:30 am ET
Pacific Ridge Grants Incentive Stock Options
Vancouver, British Columbia--(Newsfile Corp. - January 4, 2019) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") 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.
Jan 02, 2019 08:30 am ET
Pacific Ridge Receives $1.2 Million Payment from BMC
Vancouver, British Columbia--(Newsfile Corp. - January 2, 2019) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") announces that it has received a $1.2 million option payment from BMC Minerals (No. 1) Ltd. ("BMC") 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, 2020. BMC will also pay $75,000 to Pacific Ridge every six months, commencing June 30, 2019, until the final tranche has been paid. All other terms and conditions of the agreement remain the same, including the bonus payment of $1,000,000 that is due if and when BMC's Kudz Ze Kayah property has reached commercial production for one year. The Company plans to use the funds to explore its project portfolio including its Spius porphyry copper prospect in British Columbia and its White Gold District gold projects in Yukon.
Dec 21, 2018 08:30 am ET
Pacific Ridge Announces Amended Fyre Lake Terms
Vancouver, British Columbia--(Newsfile Corp. - December 21, 2018) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") announces that it has agreed to amended payment terms to its agreement with BMC Minerals (No. 1) Ltd. ("BMC") 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 (January 16, 2019), will now be made in two tranches, with $1.2 million payable by December 31, 2018 and the remaining $1.22 million due upon BMC obtaining production financing for its Kudz Ze Kayah project, but in any event no later than December 31, 2020. BMC will also pay $75,000 to Pacific Ridge every six months, commencing June 30, 2019, until the final tranche has been paid. All other terms and conditions of the agreement remain the same, including the bonus payment of $1,000,000 that is due if and when BMC's Kudz Ze Kayah property has reached commercial production for one year.
Dec 13, 2018 08:30 am ET
Pacific Ridge Confirms Porphyry Copper Target at Spius Project; Drilling Planned for 2019
Vancouver, British Columbia--(Newsfile Corp. - December 13, 2018) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") reports on the results of an Induced Polarization ("IP") geophysical survey and soil geochemical survey on its road accessible Spius copper porphyry prospect located 40 km southwest of Merritt, British Columbia.
Nov 07, 2018 08:30 am ET
Pacific Ridge Announces Technical Advisor Appointment
Vancouver, British Columbia--(Newsfile Corp. - November 7, 2018) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") announces that Dr. Craig Hart has been appointed Technical Advisor to the Company. Dr. Hart is currently the Director of MDRU-Mineral Deposit Research Unit at The University of British Columbia (UBC) where he initiates and facilitates a wide range of mineral exploration industry-sponsored research projects focused on gold and porphyry systems, regional metallogeny and exploration methods, and trains graduate students to excel in the mineral exploration industry. He was previously a Senior Research Fellow at the Centre for Exploration Targeting at the University of Western Australia (UWA) in Perth, Australia where he pursued research on the gold metallogeny of China and Mongolia. Most of his early career was with the Yukon Geological Survey where he undertook regional mapping and metallogenic evaluations in the northern Cordillera. As a UBC faculty member since 2009, he has contributed the training and successful completion of more than 40 MSc and PhD students, and 20 Post-Doctoral Fellows and Research Associates. He was awarded the Boldy Award in 2005 by the Geological Association of Canada for best presentation, was the 2010 Society of Exploration Geologists Distinguished Lecturer, and was the winner of the Audience Choice Award and a top 5 finisher of the Integra Gold Rush Challenge in 2016.
Oct 17, 2018 08:30 am ET
Pacific Ridge Provides an Exploration Update on Its RC Gold, Gold Cap and Spius Projects
Vancouver, British Columbia--(Newsfile Corp. - October 17, 2018) -  Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") provides an exploration update on its Gold Cap, RC Gold and Spius projects:
Sep 06, 2018 09:00 am ET
Pacific Ridge Announces the Completion of Yukon Field Work
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2018) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") announces that field work has been completed on its Gold Cap and RC Gold projects, Yukon.
Jul 31, 2018 10:26 am ET
Pacific Ridge Announces Yukon Field Work Underway
Vancouver, British Columbia--(Newsfile Corp. - July 31, 2018) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") announces that field work is underway on its 100% owned Gold Cap project, White Gold District, Yukon. The work is being carried out by Ground Truth Exploration of Dawson and includes deep penetrating GT Probe soil sampling, geological mapping and prospecting, focusing on previously identified targets defined by anomalous gold in soils. The objective of the program is to define targets for drill testing. The property covers a geologic setting for White Gold style mineralization, similar to White Gold's Golden Saddle deposit, 6 km to the southwest (Indicated Mineral Resource of 961,000 gold ounces within 12,324,000 tonnes at 2.43 g/t gold and Inferred Mineral Resource of 282,500 gold ounces within 5,157,000 tonnes at 1.70 g/t gold - White Gold news release from March 5, 2018).
Jun 21, 2018 08:30 am ET
Pacific Ridge Announces AGM Results and Exploration Plans
Vancouver, British Columbia--(Newsfile Corp. - June 21, 2018) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") reports on the results of its Annual General Meeting held June 20, 2018. Gerald Carlson, Gordon Davis, Blaine Monaghan and Bruce Youngman were elected to the board.
May 16, 2018 08:30 am ET
Pacific Ridge Reports Six Active Exploration Projects in 2018
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2018) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") is pleased to announce that six of its projects will see active exploration programs during the 2018 field season.
Apr 30, 2018 08:30 am ET
Pacific Ridge Options the Spius Porphyry Copper Project, BC
Vancouver, British Columbia--(Newsfile Corp. - April 30, 2018) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") is pleased to announce that it has been granted an option to earn a 100% interest in the road accessible Spius porphyry copper project, located 40 km southwest of Merritt, British Columbia.
Apr 26, 2018 08:30 am ET
Pacific Ridge Farms Out Eureka Dome Gold Project, Yukon Warrants Extended
Vancouver, British Columbia--(Newsfile Corp. - April 26, 2018) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") is pleased to announce that it has agreed to option its Eureka Dome property to Trifecta Gold Ltd. ("Trifecta"). Trifecta can earn a 70% interest in the property by making payments of $200,000, issuing 1,000,000 shares and completing $2.5 million in exploration by December 31, 2022. Once this interest has been earned, Trifecta and Pacific Ridge will form a 70:30 joint venture to further explore and develop the property. The agreement is subject to regulatory approval.
Apr 26, 2018 08:30 am ET
Trifecta Gold Options Eureka Dome from Pacific Ridge Exploration Ltd.
VANCOUVER, British Columbia, April 26, 2018 (GLOBE NEWSWIRE) -- Trifecta Gold Ltd. (TSX-V:TG) (“Trifecta” or the “Company”) is pleased to announce that it has signed an option agreement under which it can acquire a 70% interest in the...
Jan 12, 2018 09:00 am ET
Pacific Ridge Grants Incentive Stock Options
VANCOUVER, B.C., Jan. 12, 2018 (GLOBE NEWSWIRE) -- Pacific Ridge Exploration Ltd. (TSX Venture:PEX) ("Pacific Ridge" or the "Company") has granted incentive stock options under its 10% rolling stock option plan to certain directors and officers of the...
Jan 04, 2018 12:29 pm ET
Pacific Ridge Receives Fyre Lake Option Payment and Announces New CFO
VANCOUVER, B.C., Jan. 04, 2018 (GLOBE NEWSWIRE) -- Pacific Ridge Exploration Ltd. (TSX Venture:PEX) ("Pacific Ridge" or the "Company") reports that it has received a $300,000 option payment from BMC Minerals (No. 1) Ltd. ("BMC") on its Fyre...
May 25, 2017 09:00 am ET
Pacific Ridge Exploration Update
Pacific Ridge Exploration Ltd. (TSX VENTURE: PEX) ("Pacific Ridge" or the "Company") is providing an update on its exploration plans for the 2017 field season.
May 08, 2017 09:00 am ET
Pacific Ridge Announces Poker Brown Drill Results
Pacific Ridge Exploration Ltd. (TSX VENTURE: PEX) ("Pacific Ridge" or the "Company") reports that it has received results from its 6 hole 753 m reverse circulation drill program at its Poker Brown gold-silver project, Nevada. Anomalous values were encountered from several intervals within stockwork and veined hydrothermally altered slate and from hydrothermal breccia zones, the best of which included 0.359 gpt (grams per tonne) gold and 24.57 gpt silver over 13.7 m in hole PB17-04. The company will evaluate these results in the context of other known areas of alteration
Apr 06, 2017 09:00 am ET
Pacific Ridge Completes Drilling at Poker Brown Gold-Silver Property, Nevada
Pacific Ridge Exploration Ltd. (TSX VENTURE: PEX) ("Pacific Ridge" or the "Company") reports that it has completed the reverse circulation drill program as previously announced on March 24th at its Poker Brown gold-silver project, Nevada. The program included 753 m of drilling in 6 holes. These holes tested the two chargeability anomalies defined by the October, 2016 IP geophysical survey as well as targets defined by surface mineralization and historical workings. Results of the drill program will be announced as soon as all assays have been received, compiled and
Mar 24, 2017 09:00 am ET
Pacific Ridge Begins Poker Brown Drill Program
Pacific Ridge Exploration Ltd. (TSX VENTURE: PEX) ("Pacific Ridge" or the "Company") reports that drilling has commenced on its Poker Brown gold-silver project, Nevada. The program will include an estimated 1,000 m of reverse circulation drilling in four holes. The target is two recently defined IP chargeability anomalies that underlie the main area of historical surface workings and gold showings on the property, including vein, breccia and stockwork mineralization accompanied by a broad zone of alteration. The chargeability anomalies are interpreted to be caused by
Feb 21, 2017 09:00 am ET
Pacific Ridge Acquires a new Zinc Exploration Project in Yukon
Pacific Ridge Exploration Ltd. (TSX VENTURE: PEX) ("Pacific Ridge" or the "Company") announces that it has reached an agreement to acquire an option to earn a 100% interest in the OGI Zinc prospect, located just off the Dempster Highway, 50 km east of Dawson City, Yukon. The property contains a strong Zn-Ag soil geochemical anomaly, underlain by Road River Formation sedimentary rocks. Terms of the agreement involve making payments totaling $225,000, issuing 1,000,000 shares and completing $2.5 million in exploration over 5 years, with an initial payment of $10,000 and
Feb 15, 2017 09:00 am ET
Pacific Ridge Exploration Update
Pacific Ridge Exploration Ltd. (TSX VENTURE: PEX) ("Pacific Ridge" or the "Company") is providing an update on drilling plans for its Poker Brown gold project, Nevada and its TL Zinc project, British Columbia.
Jan 18, 2017 09:00 am ET
Pacific Ridge Closes Fyre Lake Option to BMC Minerals
Pacific Ridge Exploration Ltd. (TSX VENTURE: PEX) ("Pacific Ridge" or the "Company") reports that it has closed the Fyre Lake option to BMC Minerals (No. 1) Ltd. ("BMC") announced December 28, 2016. In addition to the initial $25,000 deposit, BMC has now paid the remaining $50,000 signing payment and the initial $300,000 option payment. Total consideration payable to the Company to exercise the option is $2,575,000 in the case of the one year option or $3,095,000 in the case of the two year option (see below). In addition, a bonus payment of $1,000,000 is
Dec 28, 2016 09:00 am ET
Pacific Ridge Announces the Optioning of Fyre Lake to BMC Minerals
Pacific Ridge Exploration Ltd. (TSX VENTURE: PEX) ("Pacific Ridge" or the "Company") reports that it has agreed to option a 100% interest in its Fyre Lake Cu-Au-Co massive sulphide deposit to BMC Minerals (No. 1) Ltd. ("BMC"). BMC has paid a non-refundable deposit of $25,000 and must pay an additional $50,000 if the closing of the transaction occurs before January 23, 2017. BMC has been granted two options effective as of the closing; the first, a one year option whereby, in order to maintain and exercise the option, it must pay the Company $300,000 on closing
Dec 19, 2016 09:00 am ET
Pacific Ridge Announces the Temporary Suspension of Drilling at the TL Zinc Project
Pacific Ridge Exploration Ltd. (TSX VENTURE: PEX) ("Pacific Ridge" or the "Company") reports that due to severe winter weather conditions, it has suspended drilling at its TL Zinc Project. Prior to suspension, it completed two holes for a total of 611 m at the eastern end of the main HELITEM electromagnetic conductor. Both holes intersected several zones of graphitic schist with disseminated sulphide mineralization that appear to be the cause of the electromagnetic anomaly. A one milligal gravity anomaly at the first hole drilled was not explained by anything seen in the
Dec 09, 2016 11:33 am ET
Pacific Ridge Announces the Commencement of Drilling at the TL Zinc Project
Pacific Ridge Exploration Ltd. (TSX VENTURE: PEX) ("Pacific Ridge" or the "Company") reports that it has received the drill permit and drilling has now commenced on its road accessible TL Zinc Project located 80 km northeast of Vernon, British Columbia. The program will include up to 1,800 m of NQ core drilling in up to six drill holes. The target at TL is a large Broken Hill type or SEDEX (Sedimentary Exhalative) Zn-Pb-Ag massive sulfide deposit. The holes will test the main HELITEM electromagnetic conductor on the property, a flat conductive layer over 4 km long and 100
Nov 30, 2016 04:00 pm ET
Pacific Ridge Grants Incentive Stock Options
Pacific Ridge Exploration Ltd. (TSX VENTURE: PEX) ("Pacific Ridge" or the "Company") has granted incentive stock options under its 10% rolling stock option plan to directors, officers and consultants of the Company to purchase a total of 488,000 common shares at $0.08 per share exercisable for a period of five years. The options are subject to TSX Venture Exchange acceptance.
Nov 10, 2016 01:00 pm ET
Pacific Ridge Identifies Strong Chargeability Anomaly at Poker Brown Gold-Silver Project, Nevada
Pacific Ridge Exploration Ltd. (TSX VENTURE: PEX) ("Pacific Ridge" or the "Company") reports that it has defined two chargeability anomalies on its Poker Brown gold-silver project, Nevada. Anomaly A is greater than 500 m long and 200 m wide, with strong chargeability values ranging from 40 to over 50 ms (milliseconds) and is strongest at depths of over 150 m below surface, reflecting the probable maximum depth of oxidation. This anomaly underlies the main area of historical surface workings, including vein, breccia and stockwork mineralization, and the area of most
Nov 03, 2016 03:21 pm ET
Pacific Ridge Closes Oversubscribed Flow-Through Private Placement
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Sep 14, 2016 09:00 am ET
Pacific Ridge Farms Out Its Mariposa Gold Project, Yukon
Pacific Ridge Exploration Ltd. (TSX VENTURE: PEX) ("Pacific Ridge" or the "Company") announces that it has optioned its Mariposa Gold project to Eureka Dome Gold Inc. ("Eureka Dome"), a private British Columbia company. Mariposa, covering the prolific Scroggie and Mariposa placer gold creeks, is a 280 km2 property located 30 km east of the Coffee Gold Project, recently acquired from Kaminak by Goldcorp for a transaction value of $521 million, and 40 km southeast of Kinross' Golden Saddle deposit, Yukon. Over $6 million has been spent at Mariposa since 2010
Sep 08, 2016 09:00 am ET
Pacific Ridge Announces Gravity Survey Results From TL Zinc Project
Pacific Ridge Exploration Ltd. (TSX VENTURE: PEX) ("Pacific Ridge" or the "Company") reports that it has received the results from a gravity survey over its TL Zinc Project. All three lines surveyed revealed positive residual anomalies in the range of 0.5 to over 1 milligal that show a good correlation with an underlying conductor as defined by the Fugro HELITEM survey flown over the property in 2012. The target at TL is a large Broken Hill type or SEDEX (Sedimentary Exhalative) Zn-Pb-Ag massive sulfide deposit.
Aug 24, 2016 09:00 am ET
Pacific Ridge Announces Acquisition of Nevada Gold-Silver Project
Pacific Ridge Exploration Ltd. (TSX VENTURE: PEX) ("Pacific Ridge" or the "Company") reports that it has acquired an option to earn a 100% interest in the Poker Brown gold-silver project, Nevada. Poker Brown is road accessible and located 190 km from Reno, in Pershing County, Nevada. The target is a large, bulk tonnage, heap leachable gold deposit. Numerous gold mines and advanced projects are located within an 80 km radius of the property, including Hycroft, Rosebud, Florida Canyon (12 km east of Poker Brown, recently acquired by Rye Patch Gold Corp.), Standard,
Aug 19, 2016 11:00 am ET
Pacific Ridge Exploration Update
Pacific Ridge Exploration Ltd. (TSX VENTURE: PEX) ("Pacific Ridge" or the "Company") provides an update on its 2016 field exploration programs.
Aug 11, 2016 09:15 am ET
Pacific Ridge Announces Acquisition of BC Zinc-Lead-Silver Project
Pacific Ridge Exploration Ltd. (TSX VENTURE: PEX) ("Pacific Ridge" or the "Company") reports that it has acquired an option to earn a 100% interest in the TL Zinc Project. TL is a 6,420 hectare, road accessible zinc-lead-silver project located 80 km northeast of Vernon, British Columbia. The target at TL is a large Broken Hill type or SEDEX (Sedimentary Exhalative) Zn-Pb-Ag massive sulfide deposit in the same geological environment as the Ruddock Creek deposit (Imperial Metals), 125 km to the north, and the nearby River Jordan, Big Ledge and Kingfisher properties. The
Jul 28, 2016 09:45 am ET
Pacific Ridge Grants Stock Options
Pacific Ridge Exploration Ltd. (TSX VENTURE: PEX) ("Pacific Ridge" or the "Company") reports that it has granted 200,000 incentive stock options to certain directors of the Company. The options have an exercise price of $0.08 per share and a term of five years.
Jul 19, 2016 09:30 am ET
Fyre Lake Cu-Au-Co Massive Sulphide Deposit Returned to Pacific Ridge
Pacific Ridge Exploration Ltd. (TSX VENTURE: PEX) ("Pacific Ridge" or the "Company") reports that MinQuest Limited ("MinQuest") has notified the Company that it is terminating its option agreement on the Fyre Lake project, effective immediately. MinQuest has announced that it will be acquiring a medical technology company and, as a result, is divesting its mining assets. The Company will now be examining other ways to move the Fyre Lake project forward, including other option or joint venture possibilities.
Jun 17, 2016 02:00 pm ET
Pacific Ridge Announces AGM Results and Exploration Plans
Pacific Ridge Exploration Ltd. (TSX VENTURE: PEX) ("Pacific Ridge" or the "Company") reports on the results of its Annual General Meeting held June 16, 2016. Gerald Carlson, Gordon Davis, Douglas Proctor and Bruce Youngman were re-elected to the board.
Mar 24, 2016 09:30 am ET
Pacific Ridge Announces Eureka Dome Gold Exploration Plans
Pacific Ridge Exploration Ltd. (TSX VENTURE: PEX) ("Pacific Ridge" or the "Company") reports that the Company begins 2016 with a healthy treasury and its portfolio of Yukon gold and base metal projects in good standing. Exploration plans for 2016 include a surface evaluation of its Eureka Dome property. Eureka Dome is road accessible, at the southern end of Yukon's Klondike Gold District and in the heart of the White Gold District. The property is drained by several placer gold bearing creeks including Eureka Creek and Black Hills Creek. In 2010 and 2011, the Company