Pacific Ridge Exploration Ltd. (TSX VENTURE:PEX) ("Pacific Ridge" or the "Company") is providing an update on drilling plans for its Poker Brown gold project, Nevada and its TL Zinc project, British Columbia.
Poker Brown - Drill Program Plans
The Company is planning a four hole, 1,000 m RC drill program to take place in late March or early April at its road accessible Poker Brown gold project, located near Lovelock, Nevada. The target is two recently defined IP chargeability anomalies that underlie the main area of historical surface workings and gold showings on the property, including vein, breccia and stockwork mineralization, and the area of most intense alteration on the property (see News Release dated November 10, 2016). The chargeability anomalies are interpreted to be caused by disseminated pyrite mineralization, which is associated with the gold and silver mineralization at Poker Brown. The planned drill program is fully permitted.
TL Zinc - Plans for Resumed Drilling
The TL Zinc drill program was suspended in December, 2016, due to severe winter weather conditions after the completion of two holes (see News Release dated December 19, 2016). Both holes intersected several zones of graphitic schist with disseminated sulphide mineralization that appear to be the cause of the eastern portion of the large HELITEM electromagnetic anomaly. Anomalous zinc values are associated with the graphitic intervals.
The Company plans to resume drilling after snow has left the property, in late May or June. The target will be coincident gravity and electromagnetic anomalies on the western side of the property associated with the known zinc mineralization defined by trenching and shallow drill holes from 2011 and 2012. Of 56 grab samples of float and bedrock collected in this area to date, 40 have assayed +1% Zn with a range of 1.08% to 18.87% and an average of 4.96% Zn. Trenching in the initial discovery area identified semi-massive to massive sulfide over an open-ended zone 10 to 35 m wide and 50 m long. Channel sampling in this zone returned zinc values up to 7.18% over 4 m. Drilling under the trenches in 2012 encountered a 10 to 13 m thick sulphide zone with zinc values ranging from less than 1% to 5%.