Mr. Blaine Monaghan reports
PACIFIC RIDGE IN DISCUSSIONS WITH SEVERAL INVESTOR GROUPS TO FUND 2025 DRILL PROGRAM AT RDP COPPER-GOLD PROJECT
Pacific Ridge Exploration Ltd. is in discussions with several different investor groups to finance a follow-up drill program at the company's 100-per-cent-owned RDP copper-gold project. To accommodate the potential investor groups, Pacific Ridge has requested and received a 30-day extension to close the second tranche of the company's previously announced financing (see news releases dated Feb. 18 and March 28).
RDP is located in British Columbia's Golden Horseshoe at the southern end of the Toodoggone district, approximately 85 kilometres south of Amarc Resources Ltd. recent Aurora discovery, which returned 108 metres of 2.59 per cent copper equivalent (CuEq) (0.82 per cent copper, 3.09 grams per tonne gold and 8.99 g/t silver), within 162 m of 1.90 per cent CuEq (0.63 per cent copper, 2.19 g/t gold and 6.95 g/t silver) in drill hole JP-24-074 (see Amarc's news release dated Jan. 17, 2025). Pacific Ridge intercepted 107.2 m of 1.39 per cent CuEq (0.63 per cent copper, 1.10 g/t gold and 2.91 g/t silver) within 497.2 m of 0.66 per cent CuEq (0.37 per cent copper, 0.40 g/t gold and 1.60 g/t silver) at RDP in 2022 (see news release dated Oct. 25, 2022). Targeting the porphyry source will be the focus of the 2025 RDP drill program.
About Pacific Ridge Exploration Ltd.
Pacific Ridge is one of B.C.'s leading copper exploration companies. The company's flagship asset is its 100-per-cent-owned Kliyul copper-gold project, located in the prolific Quesnel terrane close to existing infrastructure. In addition to Kliyul, Pacific Ridge's project portfolio includes the RDP copper-gold project, the Chuchi copper-gold project, the Onjo copper-gold project and the Redton copper-gold project, all located in B.C. Pacific Ridge would like to acknowledge that its B.C. projects are located in the traditional, ancestral and unceded territories of the Gitxsan Nation, McLeod Lake Indian Band, Nak'azdli Whut'en, Takla Nation and Tsay Keh Dene Nation.
The technical information contained within this news release has been prepared under the supervision of, and reviewed and approved by, Danette Schwab, PGeo, vice-president of exploration of the company, and a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.
We seek Safe Harbor.
© 2025 Canjex Publishing Ltd. All rights reserved.