Pacific Ridge Exploration Ltd.'s (TSX VENTURE:PEX) ("Pacific Ridge") wholly
owned Mariposa Gold property, in the heart of Yukon's White Gold District, is
located approximately 15 kilometres northeast of Kaminak Gold Corporation's
("Kaminak") Coffee Gold Project.


On June 10th Kaminak announced positive results of a Preliminary Economic
Assessment that envisages an approximately 11-year open pit, heap leach mining
operation targeting 54 million tonnes at an average diluted grade of 1.23 grams
per tonne gold. Kaminak reported that using a $US 1250/oz gold price average,
annual gold production is estimated to be 167,000 ounces with an all-in
sustaining cash cost of $US 688 per ounce of gold (see www.kaminak.com).


Kaminak's news enhances the discovery incentive for all exploration companies,
including Pacific Ridge, that have active exploration programs within the White
Gold District.


The Mariposa project has to date seen $6 million in exploration expenditures
over 3 years. This work included the drilling of 31 holes, with the Skookum Main
discovery hole 11MP-01 intersecting 2.6 gpt gold over 39 metres within an 81.5 m
interval that graded 1.51 gpt gold. Recent exploration work by Pacific Ridge has
shown that the Skookum Main zone appears to be open along strike and at depth.
Several other high priority targets have been identified within the property. A
recent Mariposa exploration report is available at
www.pacificridgeexploration.com. On-going drilling is recommended, for which
joint venture participation is being considered.


Gerald G. Carlson, Ph.D., P.Eng., is Pacific Ridge's Vice President, Exploration
and is the Qualified Person responsible for the supervision and preparation of
the technical information in this disclosure.


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.


Forward-Looking Information: This release includes certain statements that may
be deemed "forward-looking statements". All statements in this release, other
than statements of historical facts, that address exploration drilling and other
activities and events or developments that Pacific Ridge Exploration Ltd.
("Pacific Ridge") expects to occur, are forward-looking statements.
Forward-looking statements in this news release include statements regarding the
placements and future exploration plans and expenditures. Although Pacific Ridge
believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those
forward-looking statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include market prices,
exploration successes, and continued availability of capital and financing and
general economic, market or business conditions. These statements are based on a
number of assumptions including, among other things, assumptions regarding
general business and economic conditions, the timing and receipt of regulatory
and governmental approvals for the transactions described herein, the ability of
Pacific Ridge and other parties to satisfy stock exchange and other regulatory
requirements in a timely manner, the availability of financing for Pacific
Ridge's proposed transactions and programs on reasonable terms, and the ability
of third party service providers to deliver services in a timely manner.
Investors are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from those
projected in the forward-looking statements. Pacific Ridge does not assume any
obligation to update or revise its forward-looking statements, whether as a
result of new information, future events or otherwise, except as required by
applicable law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pacific Ridge Exploration Ltd.
John S. Brock
President & CEO
(604) 484-7116
www.pacificridgeexploration.com

Pacific Ridge Exploration (TSXV:PEX)
過去 株価チャート
から 4 2024 まで 5 2024 Pacific Ridge Explorationのチャートをもっと見るにはこちらをクリック
Pacific Ridge Exploration (TSXV:PEX)
過去 株価チャート
から 5 2023 まで 5 2024 Pacific Ridge Explorationのチャートをもっと見るにはこちらをクリック