The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
North of 60 Mining News - September 27, 2024
Porphyry copper-gold mineralization cut a depth of 388 meters in hole CH-24-072 drilled at the Chuchi project's BP Zone.
Cross-section of the 2024 and historical holes drilled at the BP Zone.
Pacific Ridge Exploration Ltd. Sept. 26 reported that all five holes of its inaugural drill program at the Chuchi project in northcentral British Columbia cut porphyry copper mineralization.
Lying about 35 kilometers (19 miles) northwest of Centkerra Gold's Mount Milligan copper-gold mine, Chuchi hosts several compelling exploration targets along a six-kilometer- (3.7-miles) long porphyry trend. This year's drilling tested BP Zone, a target along this zone that shows the potential to host significant porphyry copper-gold mineralization below shallow historical holes that ended in mineralization.
Highlights from historical holes drilled at Chuchi include:
• 194 meters averaging 0.21% copper and 0.21 grams per metric ton gold from a depth of 32 meters in hole CH-90-27.
• 250.5 meters averaging 0.21% copper and 0.12 g/t gold from a depth of 54 meters in hole CH-90-33.
• 207.8 meters averaging 0.22% copper and 0.12 g/t gold from a depth of 54.3 meters in hole CH-90-37.
• 319.5 meters averaging 0.16% copper and 0.14 g/t gold from a depth of 91.5 meters in hole CH-19-003.
Cross-section of the 2024 and historical holes drilled at the BP Zone.
"The company believes that the BP Zone has significant, untested potential for porphyry copper-gold mineralization along strike and at depth as many of the historical drill holes were shallow and ended in mineralization," said Pacific Ridge President and CEO Blaine Monaghan.
To begin testing that potential, this year's 2,716-meter program involved deeper holes drilled along 750 meters of strike at BP Zone. Pacific Ridge reports that all five holes cut porphyry copper mineralization consisting of chalcopyrite and pyrite hosted in breccias, veins, and as disseminated mineral replacements. Assays are pending.
"We look forward to reporting the assay results from our very first drill program at Chuchi," said Monaghan.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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