Key facts
| Company | Pacific Ridge Exploration (TSXV: PEX) |
|---|---|
| Commodity | Gold |
| Location | Nevada, USA |
| Stage | Early exploration |
About Chuchi
Under option from Centerra Gold, Chuchi is located in the prolific Quesnel Terrane, approximately 35 km northwest of Centerra Gold's Mount Milligan Mine (See Figure 1). Chuchi is road accesible and hosts several compelling exploration targets.
News releases15 on file
Pacific Ridge To Display Chuchi Drill Core At PDAC Core Shack
Drill core from the Chuchi copper-gold project in north-central B.C. will be displayed at the 2025 PDAC Core Shack on Sunday, March 2 and Monday, March 3 at booth #3114A. Management will also discuss plans to drill the RDP copper-gold project and meet potential joint venture partners for the Kliyul copper-gold project, which is available for joint venture. Chuchi's 2024 inaugural program totalled
CorporatePacific Ridge’s Inaugural Drill Program Returns Some Of The Best Drill Results Ever Recorded At The Chuchi Copper-Gold Project
Results from the first five diamond drill holes (2,716 m) at the Chuchi copper-gold project in British Columbia included 65.0 m of 0.42% copper equivalent (0.31% Cu, 0.16 g/t Au, 0.69 g/t Ag) within 382.0 m of 0.27% CuEq in CH-24-073, and 413.9 m of 0.26% CuEq in CH-24-070, which reached mineralization at 420 m vertical depth. The holes tested a 750 m strike length of the BP Zone; the final hole,
Drill resultsPacific Ridge Completes Inaugural Drill Program at the Chuchi Copper-Gold Project in B.C.; Intersects Copper Mineralization in Every Drill Hole
A first drill program at the Chuchi copper-gold project in British Columbia has been completed, comprising 2,716 m in five diamond drill holes over a 750 m strike length across the BP Zone. Every hole intersected alkalic porphyry copper mineralization of chalcopyrite and pyrite in breccias, veins and as disseminated replacements; assay results will be released once received and compiled. Chuchi is
Drill resultsDrilling Underway At Pacific Ridge’s Chuchi Copper-Gold Project In B.C.
The inaugural diamond drill program has begun at the Chuchi copper-gold project in British Columbia, 35 km northwest of Centerra Gold's Mount Milligan mine, with roughly 3,000 m planned in five or six holes across an 800 m strike length at the BP Zone. Holes are collared near historical results including CH-90-27, which returned 194.0 m at 0.21% copper and 0.21 g/t gold, and CH-91-42, with 229.2 m
Drill resultsPacific Ridge Closes Second And Final Tranche Of Its Non-Brokered Private Placement Raising A Total Of $1.7m
A non-brokered private placement closed with total gross proceeds of $1,707,880, including a second and final tranche of 350,000 non-flow-through units at $0.07 for $24,500; the first tranche raised $1,683,380 through 5,476,858 NFT Units and 16,250,000 flow-through units at $0.08. Each unit includes one warrant exercisable at $0.12 for two years. Proceeds will fund working capital and a 3,000 m di
FinancingPacific Ridge Financing Update
The closing date of Pacific Ridge Exploration's non-brokered private placement for aggregate proceeds of up to $2,000,000 has been extended by 30 days, with a second and final tranche expected within that period. A first tranche raised $1,683,380 through 16,250,000 flow-through units at $0.08 and 5,476,858 non-flow-through units at $0.07, each unit including a warrant exercisable at $0.12 for 24 m
FinancingPacific Ridge Closes First Tranche of Financing; Raises $1.68 Million for Inaugural Drill Program at Chuchi Copper-Gold Project in B.C.
A first tranche of a non-brokered private placement closed for gross proceeds of $1,683,380, comprising 16,250,000 flow-through units at $0.08 and 5,476,858 non-flow-through units at $0.07, each with a warrant exercisable at $0.12 until June 7, 2026. Finder's fees of $107,091 and 1,367,380 finder's warrants were paid. Proceeds will fund working capital and a 2,400 m diamond drill program at the Ch
FinancingPacific Ridge Announces 2024 Exploration Plans Including Inaugural Drill Program at Chuchi Copper-Gold Project in B.C.
A 2024 exploration program has been set for three copper-gold projects in the Quesnel terrane of northcentral British Columbia. It includes a first-ever 2,400 m diamond drill program at the Chuchi project's BP Zone, expected to start mid-August; ZTEM and MT geophysical surveys at Kliyul, with the ZTEM survey expected to commence mid-July and MT to follow; and an induced polarization survey at Redt
Drill resultsPacific Ridge Identifies Six-Kilometre-Long Copper-Gold Porphyry Trend at Chuchi Copper-Gold Project
A six-kilometre-long copper-gold porphyry trend has been defined at the Chuchi project in British Columbia's Quesnel Terrane, 35 km from Centerra's Mount Milligan Mine, following airborne and ground geophysics, soil sampling and historical data compilation. Targets include the BP Zone, with a non-43-101 historical geological resource of 50 million tonnes at 0.21–0.40% copper and 0.21–0.44 g/t gold
Drill resultsInduced Polarization Survey Results From Chuchi and Chuchi South Copper-Gold Projects Confirm the Potential for Several Large Porphyry Systems; Pacific Ridge Plans to Launch Inaugural Diamond Drill Program in 2024
2023 induced polarization survey results at the Chuchi and Chuchi South copper-gold projects in British Columbia's Quesnel Terrane identified three high-priority target areas: the BP Zone, Digger Zone and Coho Zone. The BP Zone hosts a 550 m x 450 m x 650 m interpreted porphyry intrusive complex 3D ZTEM anomaly with two IP anomalies spanning more than 1 km, where historic hole CH-90-27 returned 19
Drill resultsGeophysics Program Underway at Chuchi and Onjo; Financing
An induced polarization survey is underway at the Chuchi and Onjo copper-gold projects in the Quesnel Terrane, northcentral B.C., totalling 37.5 line-km in eight lines: three lines (12.5 line-km) over the BP and Klaw zones at Chuchi, three lines (15 line-km) at Chuchi South over Coho and Coho West, and two lines at Onjo over Chica and Gingla. The program follows the lifting of a wildfire-related A
Drill resultsPACIFIC RIDGE MORE THAN DOUBLES SIZE OF LAND POSITION AT CHUCHI WITH THE ACQUISITION OF THE CHUCHI SOUTH PORPHYRY COPPER-GOLD PROJECT
An option has been acquired to earn up to a 75% interest in the Chuchi South property in British Columbia from American Copper Development Corporation and prospector Ronald Bilquist, adjoining Pacific Ridge's Chuchi copper-gold project and bringing the combined land position to more than 16,000 hectares from 6,100 hectares. A 51% interest requires $250,000 in payments to Bilquist and $4,000,000 in
AcquisitionPacific Ridge identifies new Porphyry Targets at Chuchi Copper-Gold Project
The 2022 exploration program at the Chuchi copper-gold project in northcentral B.C., 35 km northwest of Centerra's Mount Milligan mine, identified as many as ten stock-shaped ZTEM resistivity anomalies interpreted as potential porphyry centres, including a west-dipping anomaly under the BP Zone extending from 350 m to over 1,000 m vertical depth and a newly identified Shoulder Zone 1.5 km south. K
Drill resultsPacific Ridge Completes Ztem Airborne Geophysical Surveys At Chuchi And Onjo Copper-Gold Porphyry Projects; Precious Metals Summit Beaver Creek
ZTEM airborne geophysical surveys have been completed at the Chuchi and Onjo copper-gold porphyry projects west of Centerra Gold's Mount Milligan mine in northcentral B.C., covering 720 line-km at Chuchi and 667 line-km at Onjo. Follow-up, fully funded programs will include geological mapping, rock and soil sampling and re-logging of historical drill core to define future drill targets. Pacific Ri
Drill resultsPacific Ridge Acquires Chuchi Porphyry Copper-Gold Project
An option agreement with AuRico Metals Inc., a wholly owned subsidiary of Centerra Gold, gives Pacific Ridge the right to earn up to 75% of the 6,100-hectare Chuchi porphyry copper-gold project in the Quesnel Trough, north central British Columbia. A 51% interest requires cash payments of $60,000, 2.0 million shares and $5 million in exploration by the fourth anniversary; 75% requires a further $1
Acquisition