Pacific Ridge Exploration (PEX.V) has confirmed drilling is underway at its RDP copper-gold project in British Columbia. A first hole has already been completed, and that hole is a 300 meter step out towards the east from hole RDP-22-005 which was completed last year and encountered a very strong 497 meters containing 0.68% copper-equivalent (with 0.37% copper and 0.4 g/t gold as well as 1.6 g/t silver).
This summer’s drill program will consist of just 1,800 meters of diamond drilling and while Pacific Ridge is the operator of this summer’s drill program, everything is funded by Antofagasta (ANTO.L), the large South America focused copper conglomerate. As a reminder, Antofagasta can earn a 75% stake in RDP by completing at least C$10M on exploration and completing a Preliminary Economic Assessment.
As Pacific Ridge is now actively drilling both Kliyul and RDP, the next few months should provide a decent stream of updates on the respective drill programs.
Disclosure: The author has a small position in Pacific Ridge Exploration. Pacific Ridge is a sponsor of the website. Please read our disclaimer.