Pacific Ridge Exploration
Financials:
Primary ticker: TSXV:PEX, OTCQB:PEXZF
Stage of development: Exploration
Primary minerals: Copper, Gold
Project to promote: Kliyul copper-gold project in B.C.
Project location: Canada
Website: www.pacificridgeexploration.com
Corporate presentation: Click here
Our goal is to become one of the leading copper-gold exploration companies in British Columbia. Pacific Ridge’s flagship project is the Kliyul copper-gold project, located in the Quesnel Trough, approximately 50 km southeast of Centerra Gold Inc’s Kemess mine. In addition to Kliyul, the Company’s project portfolio includes the RDP copper-gold project (optioned to Antofagasta Minerals S.A.), the Onjo copper-gold project, and the Redton copper-gold project, all located in British Columbia.
Cash: CAD500K
Debt: NIL
Major shareholders:
Crescat – 14%
Delphi – 13%
Insiders – 7%
Management ownership – 7%
Management Profile
Blaine Monaghan – President and CEO
Mr. Monaghan has a proven track record of creating shareholder value in the mining industry and has been involved in capital raises totaling more than $100 million for exploration projects around the globe. Blaine has worked with a number of companies that were subject to M&A, including True Gold Mining Inc., Canplats Resources Corp., Western Prospector Group Ltd., Nu Energy Uranium Corp., and Wheaton River Minerals Ltd. Mr. Monaghan holds an MBA from Royal Roads University, a Bachelor of Arts degree from Simon Fraser University and a diploma in public relations from the Public Relations Institute of Ireland.
What is your rationale for taking part 121 Mining Investment?
To heighten interest and awareness.
What recent news would you like to highlight to investors attending?
– February 8, 2022, Pacific Ridge options the RDP copper-gold project to Antofagasta
– February 3, 2022, Pacific Ridge acquires the Onjo copper-gold project from Orogen Royalties
– January 31, 2022, Second drill hole at Pacific Ridge’s Kliyul copper-gold project returns 566 metres of 0.48% copper equivalent or 0.75 g/t gold equivalent, including 316 metres of 0.75% copper equivalent or 1.17 g/t gold equivalent.
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Complete a capital raise for an expanded drill program at the Kliyul copper-gold project.
6 Months:
Launch expanded drill program at Kliyul; support the drill program at the RDP, funded by Antofagasta.
12 Months:
Preparing for another drill program at Kliyul and RDP.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
We didn’t reach our drilling targets (metres drilled) at Kliyul last year due to forest fires and a lack of qualified drillers. To address these issues we are amending our permits so that we can access Kliyul earlier. We also sent out RFPs (request for proposals) to our preferred drill earlier in order to secure one of them.
What do you think makes your company such a compelling investment?
Excellent technical team, robust pipeline of copper-gold porphyry projects in BC, attractive share structure and valuation.
What do you think makes your company such a compelling investment?
1) Excellent technical team
2) Ppportunity to make a significant discovery at flagship Kliyul copper-gold project
3) Attractive share structure and valuation.