VANCOUVER, British Columbia, June 26, 2017 (GLOBE NEWSWIRE) -- Pacific Ridge Exploration Ltd. (TSX Venture:PEX) ("Pacific Ridge" or the "Company") announces that field work has commenced on its OGI Zinc project, Yukon. The project is located 50 km east of Dawson City and 7 km east of the Dempster Highway. The target is a sediment hosted Zn-Pb-Ag massive sulphide deposit. The geological setting is similar to Howards Pass and many other zinc-rich base and precious metal occurrences within Yukon’s Selwyn Basin.
The 2017 field program will focus on a 1,000 m long polymetallic soil anomaly, with values ranging from 500 to 5,780 parts per million zinc, with anomalous silver, lead, barium, molybdenum, nickel and arsenic. The anomaly is open in two directions. The work will include geological mapping, prospecting, detailed soil sampling, ground geophysical surveys, including magnetics and VLF electromagnetics and hand trenching, with the objective of defining drill targets. The program will be completed by mid-July.
"We're very excited to commence exploration at the OGI Zinc project, which we believe has great potential to host a zinc-lead-silver massive sulphide deposit," said Gerry Carlson, President and CEO. "We have a busy Yukon exploration field season ahead of us. In addition to OGI Zinc, we will also be conducting exploration at our Eureka Dome property, located in the heart of the famous White Gold District, and our new Tintina Gold Belt property, RC Gold."
About Pacific Ridge
Pacific Ridge is a mineral exploration company with a successful history of discovery spanning over 30 years.
- Fyre Lake: Cu-Au-Co massive sulphide deposit is under option to BMC Minerals (No. 1) Ltd. (“BMC”).
- OGI Zinc: Newly acquired Zn-Pb-Ag target within Yukon’s Selwyn Basin.
- RC Gold: Newly acquired Intrusive Related gold target in the heart of the Tintina Gold Belt.
- White Gold Projects: Include Mariposa, Eureka Dome and Gold Cap, in the same geological environment as Goldcorp’s Coffee Gold Project and White Gold’s Golden Saddle deposit.
- TL Zinc: The target at this road-accessible southern BC property is a large Zn-Pb-Ag massive sulfide deposit.
