Pacific Ridge Grants Incentive Stock Options
25 12월 2013 - 12:00AM
Marketwired
Pacific Ridge Grants Incentive Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 24, 2013) -
Pacific Ridge Exploration Ltd. (TSX-VENTURE:PEX) ("Pacific Ridge")
has granted incentive stock options under its 10% rolling stock
option plan to directors and officers to purchase a total of
1,142,000 common shares at $0.05 per share exercisable for a period
of five years. The options are subject to acceptance for filing by
the TSX Venture Exchange.
About Pacific
Ridge
Pacific Ridge is a mineral exploration company currently focused
on the Yukon's White Gold and Klondike Gold Districts, with four
exploration projects that are well located in the same vicinity and
in generally similar geological environments as found with Kinross
Gold's White Gold deposit, Kaminak Gold's Coffee gold deposits and
Comstock Metals' QV recent gold discovery. Pacific Ridge's 295
square km Mariposa gold project covers the long-time producing
Scroggie and Mariposa placer gold creeks. Mariposa has seen $6
million in soil sampling, trenching and drilling spent over the
past three years resulting in discovery of a number of well
mineralized gold zones. Pacific Ridge's 78 square km King Solomon
Project, located in the heart of the Klondike gold camp, lies at
the headwaters of some of the Klondike's most productive placer
gold creeks, including Gold Bottom, Dominion, Sulphur and Quartz
creeks. The 49 square km Gold Cap/Polar-Stewart property adjoins
the Kinross White Gold property and contains yet-to-be drilled
gold-in-soil anomalies, the strongest of which may represent an
easterly extension of a gold-in-soil anomaly reported within the
White Gold property. Pacific Ridge's Fyre Lake property, in Yukon's
Finlayson Lake District, hosts a copper-gold-cobalt massive
sulphide deposit with a NI43-101 compliant indicated mineral
resource of 3.6 million tonnes grading 1.57% copper, 0.10% cobalt
and 0.61 grams gold per tonne at a 1 percent copper cut-off grade
plus an inferred mineral resource, at the same cut-off grade, of
5.4 million tonnes grading 1.48% copper, 0.08% cobalt and 0.53
grams gold per tonne. This open-ended copper and gold deposit has
yet to be fully defined by drilling. Joint venture participation is
presently being considered for Fyre Lake.
The technical information contained within this News Release
has been reviewed and approved by Gerald G. Carlson, Ph.D., P.Eng.,
Vice President Exploration of Pacific Ridge Exploration, and
Qualified Person as defined by National Instrument 43-101
policy.
On behalf of the Board of Directors,
John S. Brock, President & CEO
Pacific Ridge Exploration Ltd.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Pacific Ridge Exploration Ltd.John S. BrockPresident &
CEO(604) 687-4951www.pacificridgeexploration.com
Pacific Ridge Exploration (TSXV:PEX)
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