Pacific Ridge Exploration Ltd. is pleased to announce that it has completed phase 1 field work at its OGI Zinc project and that an exploration crew has been mobilized to the RC Gold project, both projects located in the Yukon.
Exploration work at OGI Zinc included geological mapping, soil sampling, test pitting and magnetometer and VLF electromagnetic surveys. The target at OGI Zinc is a sediment hosted Zn-Pb-Ag massive sulphide deposit in a geological setting comparable to Howards Pass and many other zinc-rich base and precious metal occurrences within Yukon's Selwyn Basin. OGI Zinc is located 50 km east of Dawson City and 7 km east of the Dempster Highway. The Company is awaiting results from rock and soil analyses and the interpretation of the geophysical surveys before planning the next phase of exploration.
While Pacific Ridge waits for exploration results from OGI Zinc, a field crew has been mobilized to the newly acquired RC Gold project, located in the Clear Creek district in the heart of the Yukon's Tintina Gold Belt, mid-way between Victoria Gold's Eagle Gold project and Golden Predator's Brewery Creek project. RC Gold is underexplored relative to its neighbours and overlies favourable geology and stream geochemistry. The target at RC Gold is an Intrusion Related Gold deposit such as Eagle Gold, Brewery Creek, Red Mountain and Fort Knox in Alaska. Pacific Ridge plans a program of detailed mapping, prospecting and soil sampling to define targets for drill testing.
Following completion of the RC program, the Company will begin work at its Eureka Dome project, located in the White Gold District. Prior workers reported breccia float samples grading to 14 grams/tonne gold, and silt samples running to 900 ppb on immediately adjacent properties. Reconnaissance sampling by Pacific Ridge has defined a gold-mercury-molybdenum-antimony soil anomaly that requires detailed follow-up sampling.
"Our exploration season is in full swing," said Gerry Carlson, President and CEO of Pacific Ridge. "I'm excited about the work being conducted at all three properties and am confident that we will define a number of drill targets. In addition to our current property portfolio, we will look to leverage our experience in the Yukon to make additional acquisitions that will add value to the Company."