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Pacific Ridge Announces $1.1M Investment Backed by Delphi to Fund Drill Program at Kliyul Copper Gold Project


Vancouver, British Columbia (Newsfile Corp. - February 18, 2021) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (
Pacific Ridge or the
Company ) announces its plans to issue up to 8,000,000 units in a flow-through private placement at a price of $0.142 per unit (
FT Unit ) for gross proceeds of $1,136,000 (the
Financing ). DELPHI Unternehmensberatung Aktiengesellschaft (
DELPHI ) intends to acquire all of the FT Units.
I would like to thank DELPHI for their vote of confidence, said Blaine Monaghan, President and CEO of Pacific Ridge. With this investment, DELPHI will become Pacific Ridge s largest shareholder. Proceeds from this Financing will be used to drill our flagship Kliyul copper-gold project, located in British Columbia. The drill program is expected to commence this summer. ....

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Pacific Ridge Exploration Ltd.: Pacific Ridge Announces Redton Drill Results and Provides Exploration Update


Pacific Ridge Exploration Ltd.: Pacific Ridge Announces Redton Drill Results and Provides Exploration Update
Vancouver, British Columbia (Newsfile Corp. - December 11, 2020) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ( Pacific Ridge or the Company ) reports on results of a single diamond drill hole, RTN-20-01, located 2.5km north of the Kwanika Central Zone at the road accessible Redton North target. The drill hole tested a 550 m by 250 m magnetic and IP chargeability anomaly and coincident copper-molybdenum soil anomaly located 2.5 km north of Serengeti Resources Inc. s ( Serengeti ) Kwanika Central Zone deposit
1. The drill hole encountered a magnetite-bearing mafic intrusive with a minor amount of quartz, potassium feldspar, chlorite, calcite, gypsum and epidote veining, moderate to strong chlorite alteration and local serpentinization. No significant copper or gold assays were encountered. The ubiquitous presence of magnetite as well as strong magnetic susceptibil ....

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