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Pacific Ridge Exploration Ltd (4)
Symbol PEX
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Close 2026-07-16 C$ 0.185
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Pacific Ridge plans drilling at Kliyul, RDP projects

2026-07-16 17:13 ET - News Release

Mr. Blaine Monaghan reports

PACIFIC RIDGE ANNOUNCES DRILLING PLANS FOR THE KLIYUL AND RDP COPPER-GOLD PROJECTS

Pacific Ridge Exploration Ltd. has discussed exploration plans for its 100-per-cent-owned Kliyul copper-gold project and RDP copper-gold project (RDP). Kliyul is located in the prolific Quesnel terrane; RDP is located 40 kilometres west of Kliyul at the southern end of the Toodoggone mining district, one of Canada's hottest exploration districts.

Highlights

  • Kliyul: The Kliyul Main zone (KMZ), just one target area at Kliyul, hosts 2.42 billion pounds copper equivalent (CuEq) (see Table 1) or 5.7 million ounces gold equivalent (AuEq) (see Table 2) in the inferred mineral resource category. Two thousand twenty-five drilling at KMZ intersected 289.0 metres of 0.77 per cent CuEq (copper equivalent) (0.26 per cent copper, 0.75 gram per tonne gold and 1.54 g/t silver) (see news release dated Nov. 18, 2025). Pacific Ridge plans on drilling 2,500 metres at Kliyul this year with a focus on the M39 target. M39 is a high-priority target that has never been drill tested.
  • RDP: Two thousand twenty-five drilling at the Day target, just one target area at RDP, returned one of British Columbia's best porphyry copper-gold intervals that year. Drill hole RDP-25-011 intersected 112.2 metres of 1.35 per cent CuEq (0.76 per cent copper, 0.86 g/t gold and 3.16 g/t silver) (see news release dated Oct. 23, 2025). This year the company will be targeting the interpreted porphyry centre at Day and further defining last year's western magnetic lobe discovery with a 3,000 m diamond drill program.

"We are mobilizing to site right now and I expect that drilling will be underway by the end of the month," said Blaine Monaghan, president and chief executive officer of Pacific Ridge. "I'm very excited about this year's exploration programs at Kliyul and RDP as we are focused on high-impact discovery drilling."

Kliyul

Owned 100 per cent by Pacific Ridge, Kliyul is over 90 square km in size and is located in the prolific Quesnel terrane close to existing infrastructure, approximately eight km to the Omineca resource road and a 230-kilovolt high-voltage power line. KMZ hosts 334.1 million tonnes (Mt) grading 0.33 per cent CuEq (0.15 per cent copper, 0.26 g/t gold and 0.95 g/t silver) (see Table 1) or 386 Mt grading 0.459 g/t AuEq (0.236 g/t gold, 0.142 per cent copper and 0.911 g/t silver) (see Table 2) in the inferred mineral resource category and remains open for expansion.

A six-kilometre-long porphyry copper-gold trend, comprising favourable geology, geochemistry, alteration and geophysics, exists at Kliyul. High-priority drill targets outside of KMZ include M39, KCC and Klip. However, this year's 2,500 m drill program will focus on the M39 target, which has never been drill tested.

The M39 target area is associated with a one km long copper and gold soil anomaly. The target hosts monzonite dikes, magnetite skarn, sodic alteration and chalcopyrite mineralized quartz veins, as well as two circular magnetic anomalies. Additional IP geophysics is also planned for M39.

Klip is a blind porphyry target centred on a large near surface magnetic anomaly. The Klip target is in the vicinity of a historical B.C. Minfile occurrence (094D 185) that records a northeast-striking shear zone within QSP-altered volcaniclastic rocks. A one-metre chip sample taken across the shear zone in 1985 yielded 3.8 g/t gold and 5.3 g/t silver. The magnetic anomaly at Klip, which is similar to KMZ's magnetic signature, leads Pacific Ridge to believe that the drilling to date has only tested one part of the porphyry system and that most of the system remains hidden and untested to the north.

The KCC target is a geochemical, geological and geophysical target at the north end of the fertile Kliyul Creek Intrusive complex (KCC). Chalcopyrite-pyrite-quartz veins are found at surface, and the target also has a coincident IP-chargeability, resistivity and magnetic anomaly.

The Klip, KCC and M39 targets are also associated with copper-gold skarn occurrences, which commonly occur as distal expressions of copper-gold porphyry mineralization and are considered vectors to underlying porphyry centres.

RDP

Owned 100 per cent by Pacific Ridge, RDP is over 100 square km in size and is located in the Golden Horseshoe at the southern end of the Toodoggone district, one of Canada's hottest exploration districts. The 2025 drill program at Day, just one target area at RDP, confirmed that the porphyry copper-gold-silver mineralization intersected in the eastern magnetic lobe is in an east-northeast-striking, steeply northward-dipping tabular body and that the western magnetic lobe is also mineralized.

Two thousand twenty-six exploration plans at RDP include a property-scale high-resolution magnetic survey and magnetic vector inversion modelling as well as property-scale airborne magnetotellurics to advance and identify other porphyry targets at RDP. Additional induced polarization surveys and ground magnetotellurics is planned to further refine drill targeting at Day. The 3,000 m drill program will focus on testing the interpreted porphyry centre between the western and eastern lobes, and more fully defining the 2025 western lobe discovery.

About Pacific Ridge Exploration Ltd.

A Fiore Group company, Pacific Ridge's goal is to become British Columbia's leading copper exploration company. The Kliyul copper-gold project, located in the prolific Quesnel terrane close to existing infrastructure, is the company's flagship project. In addition to Kliyul, Pacific Ridge's project portfolio includes the RDP copper-gold project, the Onjo copper-gold project and the Redton copper-gold project, all located in B.C. The company would like to acknowledge that its B.C. projects are 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 exploration of the company, and a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

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