Northwire Canada EditionThursday, July 16, 2026
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CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6% CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6%
Drill Results Neutral

Pacific Ridge Announces Drilling Plans for the Kliyul and RDP Copper-Gold Projects

Pacific Ridge Drilling Plan Confirms Strategy But Fails to Spark Re-Rating Amidst Share Price Decline

By The Northwire Desk — AI Analysis Apr 13, 2026 · 07:31 PEX · 0.175 Pacific Ridge Exploration Ltd.
Executive Summary
  • Date: April 13, 2026
  • Headline: Pacific Ridge Announces Drilling Plans for the Kliyul and RDP Copper-Gold Projects
  • Core Announcement: The company outlined its 2026 drilling program targeting resource expansion at the Kliyul Main Zone (KMZ) and definition of high-grade porphyry zones at the RDP project.
  • Resource Reiteration: Confirmed existing inferred resources: ~2.42 billion lbs CuEq (~5.7M AuEq oz) at Kliyul KMZ; highlighted 112.2m @ 1.35% CuEq intercept from 2025 drilling at RDP Day target.
  • Operational Changes: Terminated acquisition agreement for the Chuchi project (up to 75% interest). Renewed Investor Relations services with Capital Analytica ($60k) and IRPub ($100k).
  • Forward Guidance: Plans to drill Kliyul and RDP throughout the 2026 field season; results to be disclosed as available.
Material Impact
  • News Context: This release is a forward-looking operational plan based on data already released in late 2025 (Oct/Nov drilling results). It does not contain new assay results, resource updates, or financing news.
  • Market Expectation: The market was aware of the 2026 drill intent following the successful 2025 campaigns and the September 2025 financing ($4.65M raised).
  • Impact Analysis:
    • Positive: Confirmation of continued exploration activity prevents speculation of a "drill stop" due to cash constraints. Termination of Chuchi deal removes potential distraction/cost.
    • Negative/Neutral: No new high-grade intercepts reported in this specific release. The stock has already priced in the 2025 success (peaked Oct 2025 at $0.33) and is currently trading near lows ($0.18).
    • Conclusion: The news is expected and routine for an exploration company entering a new field season. It maintains status quo rather than altering valuation thesis.
PEX · Price
Company Overview
  • Company: Pacific Ridge Exploration Ltd. (TSXV: PEX). Focuses on copper-gold porphyry projects in British Columbia.
  • Flagship Project: Kliyul Copper-Gold Project (100% owned, Quesnel Terrane).
    • Resource: Inferred 334.1 Mt @ 0.33% CuEq (2.42B lbs CuEq).
    • Status: Exploration/Development stage. Open for expansion at depth and laterally.
  • Secondary Project: RDP Copper-Gold Project (100% owned, Toodoggone District).
    • Highlight: High-grade intercepts (e.g., 112.2m @ 1.35% CuEq) suggest a significant porphyry system comparable to regional peers like Red Chris.
  • Other Assets: Onjo, Orbison, Mariposa properties (minor value). Chuchi project option terminated.
Read the original news release →

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