Pacific Ridge Exploration (PEX.V) plans to drill 7,000 meters at its flagship Kliyul copper-gold project. Drilling started a few weeks ago, in June, and this year’s exploration plan aims to reach the critical mass at Kliyul.
An initial seven holes will be completed at the Kliyul Main Zone in an attempt to expand the mineralized envelope on the Main Zone. The focus will be on expanding the mineralization to the southeast and into adjacent fault blocks to the north, east and southwest. These targets have been defined by the modelled geophysical signatures in combination with the data from previous drill programs.
An additional four holes have been designed to drill-test the high priority targets that lie within the Divide Lake Fault trend. This trend is a 6 kilometer long northwest trending alteration and mineralization corridor. According to Pacific Ridge’s interpretation from aeromagnetic data, mapping, sampling and IP surveys, the targets that will be drilled at Divide Lake could be interpreted porphyry centres.
This year will be important for Pacific Ridge Exploration as the company is aggressively pursuing reaching critical mass to figure out if the Kliyul project warrants continuous exploration efforts. In an ideal world, we’d like to see a clear path towards 250-300 million tonnes of rock so we will be keeping an eye on the assay results as they roll in.
Disclosure: The author has a small long position in Pacific Ridge Exploration. Pacific Ridge is a sponsor of the website. Please read our disclaimer.
