About a month ago, Pacific Ridge Exploration (PEX.V) has completed its long-anticipated drill program on the Kliyul copper-gold porphyry project in British Columbia. This maiden drill program consisted of just three holes as Pacific Ridge was unable to complete the entire planned 2,500 meter drill program due to external circumstances: during the summer season the wildfires in the province created difficult circumstances and the onset of the winter conditions in September also meant the program had to be wrapped up before completion.
This means Pacific Ridge had to make choices. The company decided to focus on the Kliyul Main Zone target and has deferred the drill-test of the West and East targets until next year.
This means all eyes will be on the assay results of the Main Zone, and the first visual check of the drill core appears to have satisfied the drill team. The classic porphyry mineralization was widely present and the company has now expanded the mineralization further to the west and at depth. Of course, this is just based on the type of mineralization as we are still waiting for the lab to release the assay results but in his comment in the press release, CEO Monaghan said he was ‘confident the drill rsults will equal or better the historical drilling results at the Main Zone’.
The jury is still out but the bold statement by the CEO is very encouraging to see. Assay results should be out in a few weeks.
Disclosure: The author has no position in Pacific Ridge Exploration. Pacific Ridge is a sponsor of the website. Please read our disclaimer.
