Pacific Ridge Exploration (PEX.V) has started its maiden drill program on the Chuchi copper-gold project in British Columbia. The current plan consists of drilling approximately 3,000 meters in five or six holes over an 800 meter strike length. This will be the first time in 30 years the project will actually be drilled and most of the historical drilling was [too] shallow with an average vertical depth of just 140 meters. And based on the data from those historical drill holes, many of the holes ended in mineralization.
It will be interesting to see what Pacific Ridge can pull out of the ground at Chuchi. Its share price has been sliding to just C$0.05 right now for a market capitalization of just over C$8M.
Disclosure: The author has a long position in Pacific Ridge. PEX is a sponsor of the website. Please read the disclaimer.
