Pacific Ridge Announces C$5.0M Bought Deal Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 1, 2022) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) ("Pacific Ridge" or the "Company") 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 (the "Underwriters"), pursuant to which the Underwriters have agreed to purchase for resale 15,625,000 flow-through units of the Company (each, a "FT Unit") at a price of C$0.32 per FT Unit (the "Offering...
2022-12-01 5:05 PM EST
Pacific Ridge Identifies New Porphyry Targets at Chuchi Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - December 1, 2022) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) ("Pacific Ridge" or the "Company") is pleased to announce that the 2022 exploration program at the Chuchi copper-gold project ("Chuchi" or the "Project"), located 35-km northwest of Centerra Gold Inc.'s ("Centerra") 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...
2022-12-01 9:15 AM EST
Pacific Ridge Announces Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - November 17, 2022) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) ("Pacific Ridge" or the "Company") 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 (referred to collectively as the "Agents"), in connection with a "best efforts" private placement financing of (i) 8,900,000 units of the Company (the "Units") at a price of...
2022-11-17 7:38 AM EST
Pacific Ridge Intersects 588.0 M of 0.41% Copper Equivalent or 0.56 g/t Gold Equivalent, Including 278.0 M of 0.67% Copper Equivalent or 0.92 g/t Gold Equivalent from the Kliyul Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - November 16, 2022) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) ("Pacific Ridge" or the "Company") is pleased to announce that drill hole KLI-22-041 returned 588.0 m of 0.41% copper equivalent ("CuEq") or 0.56 g/t gold equivalent ("AuEq"), including 278.0 m of 0.67% CuEq or 0.92 g/t AuEq, from the Kliyul copper-gold porphyry project ("Kliyul" or "Project"), located in the prolific Quesnel Trough in northcentral British Columbia. The program comprised 7,014.7 metres in 12 drill...
2022-11-16 7:00 AM EST
Pacific Ridge Intersects 497.2 M of 0.66% Copper Equivalent or 0.96 g/t Gold Equivalent, Including 107.2 M of 1.41% Copper Equivalent or 2.04 g/t Gold Equivalent from the RDP Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2022) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) ("Pacific Ridge" or the "Company") is pleased to announce that drill hole RDP-22-005 returned 497.2 m of 0.66% copper equivalent ("CuEq") or 0.96 g/t gold equivalent ("AuEq"), including 107.2 m of 1.41% CuEq or 2.04 g/t AuEq, from the RDP copper-gold project ("RDP" or the "Project"), located in northcentral British Columbia, 40 km west of the Company's flagship Kliyul copper-gold project ("Kliyul") (see...
2022-10-25 7:00 AM EDT
Pacific Ridge Completes 2022 Drill Program at the Kliyul Copper-Gold Project; Expands Kliyul Porphyry Copper-Gold Footprint
Vancouver, British Columbia--(Newsfile Corp. - September 27, 2022) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) ("Pacific Ridge" or the "Company") is pleased to announce that it has completed the 2022 diamond drill program at the Kliyul copper-gold porphyry project ("Kliyul" or "Project"), located in the prolific Quesnel Trough in northcentral British Columbia (see Figure 1). The Company completed 7014.7 m of drilling in 12 holes, the largest ever drill program at the Project, and successfully expanded the known...
2022-09-27 7:00 AM EDT
Pacific Ridge Closes $780,000 Financing with Crescat and DELPHI
Vancouver, British Columbia--(Newsfile Corp. - September 22, 2022) - 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 (see news release dated September 4, 2022) 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 ("Unit") for gross proceeds of $780,000 (the "Financing"). Proceeds from this Financing will be...
2022-09-22 11:27 AM EDT
Crescat, Delphi to Fund Additional Drilling at Pacific Ridge's Kliyul Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - September 4, 2022) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") plans to increase the size of the previously announced non-brokered private placement (see news release dated September 2, 2022) by 1,000,000 units to 3,391,305 units at a price of $0.23 per unit ("Unit") for gross proceeds of up to $780,000 (the "Financing"). DELPHI Unternehmensberatung Aktiengesellschaft, Pacific Ridge's second largest shareholder, intends to acquire the additional 1,000,000 Units. Crescat Capital LLC,...
2022-09-04 3:56 PM EDT
Pacific Ridge to Increase Size of Drill Program at the Kliyul Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - September 2, 2022) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") is pleased to announce its plans to increase the size of the diamond drill program currently underway at the Kliyul copper-gold project ("Kliyul"), located in northcentral B.C., from 6,000 m to 6,800 m. The Company will fund the additional drilling through the issuance of up to 2,391,305 units in a non-brokered private placement at a price of $0.23 per...
2022-09-02 3:38 PM EDT
Pacific Ridge Completes Drill Program at RDP Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - September 1, 2022) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) ("Pacific Ridge" or the "Company") is pleased to announce that the Company has completed its first ever diamond drill program at the RDP copper-gold project ("RDP" or the "Project"), located in northcentral British Columbia (see Figure 1). The Company completed 1,861 m of drilling at RDP in six drill holes. The RDP drill program is being funded by Antofagasta Minerals S.A. ("Antofagasta"), a...
2022-09-01 12:31 PM EDT
Pacific Ridge Completes ZTEM Airborne Geophysical Surveys at Chuchi and Onjo Copper-Gold Porphyry Projects; Precious Metals Summit Beaver Creek
Vancouver, British Columbia--(Newsfile Corp. - August 16, 2022) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) ("Pacific Ridge" or the "Company") is pleased to announce that it has completed ZTEM airborne geophysical surveys at the Chuchi and Onjo copper-gold porphyry projects located to the west of Centerra Gold Inc.'s ("Centerra") (TSX: CG) (NYSE: CGAU) Mount Milligan mine in northcentral B.C. (please see Figure 1).The geophysical surveys at Chuchi and Onjo (720 line-km at Chuchi and 667 line-km at...
2022-08-16 7:00 AM EDT
Drilling Underway at Pacific Ridge's RDP Copper-Gold Project; Kliyul Copper-Gold Drilling Update
Vancouver, British Columbia--(Newsfile Corp. - August 9, 2022) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) ("Pacific Ridge" or the "Company") is pleased to announce that drilling has commenced at its RDP copper-gold project ("RDP" or the "Project"), located in northcentral British Columbia (see Figure 1). The planned 1,500 m diamond drill program is being funded by Antofagasta Minerals S.A. ("Antofagasta"), a subsidiary of Antofagasta PLC, who can earn a 75% interest in the Project by spending $10,000,000 on...
2022-08-09 7:00 AM EDT
Largest Ever Drill Program at the Kliyul Copper-Gold Porphyry Project Underway
Vancouver, British Columbia--(Newsfile Corp. - July 11, 2022) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) ("Pacific Ridge" or the "Company") is pleased to announce that the diamond drill program at the Kliyul copper-gold project ("Kliyul" or the "Project"), located in the prolific Quesnel Trough in northcentral B.C. (see Figure 1), began last week.The planned 6,000 m program at Kliyul is utilizing two diamond drill rigs and will be the largest ever drill campaign at the Project. The focus...
2022-07-11 7:30 AM EDT
Field Crews Mobilized to Pacific Ridge's Kliyul and RDP Copper-Gold Porphyry Projects
Vancouver, British Columbia--(Newsfile Corp. - June 29, 2022) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) ("Pacific Ridge" or the "Company") is pleased to announce that field crews have been mobilized to the Kliyul copper-gold project ("Kliyul") and that camp construction is underway. The exploration camp at Kliyul will also support exploration activities at the RDP copper-gold project ("RDP"), which is located 40 km to the west (see Figure 1).Pacific Ridge anticipates that the planned 6,000 m diamond drill...
2022-06-29 7:00 AM EDT
Pacific Ridge Announces AGM Results
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2022) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) ("Pacific Ridge" or the "Company") is pleased to announce that the following directors were elected at its Annual General Meeting held June 23, 2022: 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...
2022-06-24 7:00 AM EDT
Pacific Ridge Announces Appointment of Chief Geologist
Vancouver, British Columbia--(Newsfile Corp. - June 14, 2022) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) ("Pacific Ridge" or the "Company") is pleased to announce the appointment of C. Paul Jago as Chief Geologist of the Company.Mr. Jago has nearly 20 years' experience in mining and mineral exploration in Canada and the U.S. with a focus on porphyry systems. Most recently, Paul worked for Centerra Gold Inc. ("Centerra") as Exploration Manager, Generative - North America. Prior to Centerra, Mr....
2022-06-14 7:00 AM EDT
Pacific Ridge Announces 2022 Exploration Plans; All Five Copper-Gold Porphyry Projects to Be Advanced This Summer
Vancouver, British Columbia--(Newsfile Corp. - June 1, 2022) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) ("Pacific Ridge" or the "Company") is pleased to announce that all five of the Company's copper-gold porphyry projects will be advanced in 2022, including 6,000 m of diamond drilling at its flagship Kliyul copper-gold project ("Kliyul") and 1,500 m of diamond drilling at the RDP copper-gold project ("RDP"). All of Pacific Ridge's copper-gold porphyry projects are located in northcentral B.C. (see Figure 1).Highlights...
2022-06-01 7:00 AM EDT
Pacific Ridge Grants Stock Options
Vancouver, British Columbia--(Newsfile Corp. - May 12, 2022) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) ("Pacific Ridge" or the "Company") has granted incentive stock options to various officers, directors, employees, and consultants to purchase 2,550,000 common shares of the Company at an exercise price of CAD$0.36 per share, exercisable for a period of five years. The options granted to various officers, directors, and employees will vest immediately. The 100,000 stock options granted to both Westlake Capital and G2...
2022-05-12 7:00 AM EDT
Pacific Ridge Acquires Chuchi Porphyry Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2022) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) ("Pacific Ridge" or the "Company") is pleased to announce that it has entered into an agreement with AuRico Metals Inc., a wholly owned subsidiary of Centerra Gold Inc. ("Centerra"), to acquire up to a 75% interest in the Chuchi porphyry copper-gold project ("Chuchi" or the "Project"), located in the prolific Quesnel Trough, north central British Columbia (see Figure 1). "We are extremely pleased...
2022-05-09 7:00 AM EDT
Pacific Ridge Closes $7.4 Million Financing; Size of Drill Program at Kliyul Copper-Gold Project to Be Increased
Vancouver, British Columbia--(Newsfile Corp. - April 22, 2022) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) ("Pacific Ridge" or the "Company") is pleased to announce that it has closed the previously announced "best efforts" brokered private placement (the "Financing") with M Partners Inc. and Red Cloud Securities Inc., co-lead agents and joint book runners ("Agents"), and raised a total of $7,431,200 through the issuance of 19,150,000 charity flow-through units ("CFT Units") at a price of $0.328 per CFT Unit...
2022-04-22 7:00 AM EDT