PACIFIC RIDGE DRILLING AT MARIPOSA STARTS IN WHITE GOLD DISTRICT


Pacific Ridge Exploration Ltd.’s diamond drilling is now under way on the Pacific Ridge Mariposa gold property located in the Yukon’s White gold district. This 4,000-metre diamond drilling program comprises a significant part of Pacific Ridge’s $3-million phase 1 exploration budget. There is no history of previous drilling at Mariposa.

Diamond drilling will test the Skookum Jim and Hackly zones, two of five gold-in-soils geochemical anomalies defined in 2010 within the 262-square-kilometre Mariposa property. It is currently estimated that the initial drill program will comprise 20 to 25 drill holes.

Initial drilling will be directed to the 3,500-metre-by-600-metre Skookum Jim target containing gold-in-soil anomalies ranging from 100 to 1,570 parts per billion (ppb) gold that are coincident with magnetic and electromagnetic geophysical anomalies interpreted to represent underlying structures. The Skookum Jim target is in a favourable geological setting that hosts coincident geochemical and geophysical signatures that are also associated with gold mineralization recently discovered elsewhere within the White gold district. Trenching conducted by Pacific Ridge in 2010 within the anomaly further confirmed the presence of gold with composite rock sample results of up to 1.25 grams per tonne (g/t) gold over 30 metres of strongly fractured, brecciated and oxidized rock. A strongly oxidized hematitic rock sample in the trenching area also returned 8.1 g/t gold.

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