Pacific Ridge Exploration (PEX.V) remains busy this summer as the company continues to advance several projects simultaneously. PEX has now confirmed it is kicking its activities at Redton in a higher gear with the start of an Induced Polarization geophysical survey. This survey will consist of three reconnaissance lines for a total of eight line kilometers to test three target areas in the northern half of the asset, the area that’s closest to neighbour’s Northwest Copper (NWST.V) Kwanika Central Zone.
CEO Monaghan sounds upbeat about the survey as he is ‘optimistic that the IP survey will identify future drill targets’. The company also provided an overview of the three targets it will be zooming in on:
Meanwhile, the company remains active on the Kliyul flagship project (ZTEM geophysical survey) and the Chuchi copper-gold project where a drill program is in full swing. Hopefully the exploration results will draw more interest in the story again as the share price has dropped to just 4 cents per share for a market cap of around C$7M.
Disclosure: The author has a long position in Pacific Ridge Exploration. Pacific Ridge is a sponsor of the website. Please read the disclaimer.
