Drilling Underway at Pacific Ridge's RDP Copper-Gold Project
Pacific Ridge begins drilling at its BC copper-gold assets following Minsur’s $8.5 million capital raise to fund exploration activities.
Pacific Ridge Exploration Ltd. (PEX) has officially commenced drilling at its RDP copper-gold project, targeting the Day area within the Toodoggone Mining District, British Columbia. The company plans to drill approximately 3,000 meters to test an interpreted porphyry center located between the western and eastern magnetic lobes, and to further delineate the 2025 western magnetic lobe discovery.
This program follows strong 2025 results, most notably drill hole RDP-25-011 which returned 112.2 meters of 1.35% CuEq (2.02 g/t AuEq). Pre-drilling geophysical surveys, including high-resolution airborne magnetics, magnetotellurics, and ground IP, have been completed to map alteration zones and refine sulfide targets.
Pacific Ridge Exploration Ltd. (PEX) announced the execution of its 2026 exploration plan, which was previously outlined on July 16, 2026. This development marks an expected, incremental step in the company's field season.
The announcement did not disclose any new financial results, resource estimates, or strategic milestones. The market was already aware of the drilling timeline and the successful C$8.5M financing that closed on July 2, 2026.
The news confirms that management is deploying the recently raised capital as planned, providing positive operational momentum. However, it lacks the unexpected catalyst required to move the stock materially. Given the company's explicit going concern warning in the Q1 2026 MD&A, the successful mobilization and funding of this program is a necessary step to maintain operations, but it does not resolve the underlying capital dependency.
Pacific Ridge Exploration Ltd. is a pre-revenue exploration-stage company focused on copper-gold assets in British Columbia. Its flagship asset is the 100%-owned RDP Copper-Gold Project, located in the Golden Horseshoe/Toodoggone District, which is known for high-grade porphyry intercepts, including an 112.2m @ 1.35% CuEq result in 2025. The company also holds the 100%-owned Kliyul Copper-Gold Project, which hosts an Inferred Resource of 334.1Mt @ 0.33% CuEq (2.42B lbs CuEq). Additionally, Pacific Ridge Exploration optioned its Yukon assets, the Mariposa and Eureka Dome projects, to Labrador Gold Corp. in May 2026 to refocus capital on BC assets.