# Drilling Starts at Pacific Ridge's Kliyul Copper-Gold Project; Two Drill Programs Underway Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/drilling-starts-at-pacific-ridge-s-kliyul-copper-gold-project-two-drill-programs--a0e6be8d-e5ea-45af-9e7d-7faa128a85ce Original source: https://money.tmx.com/en/quote/PEX/news/7334354693446706/drilling-starts-at-pacific-ridge-s-kliyul-copper-gold-project-two-drill-programs Publisher: tmx Original announcement: 2026-08-17T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Pacific Ridge Exploration Ltd. - Ticker: PEX - Exchange: TSX - Region: British Columbia - Primary commodity: Copper - Secondary commodities: Gold, Silver - Document categories: Drill results, Resource update - Extracted: 2026-08-20 17:22:20 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Pacific Ridge has commenced a 2,500m drill program targeting the M39 porphyry copper-gold target at the Kliyul project in British Columbia. The company also highlighted its existing Inferred Mineral Resource at the Kliyul Main Zone, which contains significant copper, gold, and silver content. Reasoning: The announcement details the start of a new 2,500m drill program at a high-priority target \(M39\) while restating a significant Inferred copper-gold resource at the Kliyul project. - Positive factor: Large inferred resource scale - Positive factor: New high-priority drill target \(M39\) identified - Positive factor: Porphyry cluster potential - Negative factor: 100% Inferred category - Negative factor: No metallurgical testing performed to date - Negative factor: Recoveries are estimated based on external project Facts used in scoring: 6 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The entire KMZ resource is classified as Inferred. Evidence · text > in the Inferred Mineral Resource category **All Inferred** Polarity: negative Definition: 100% of resource is Inferred category — very early stage, no engineering confidence. Why it applies: The resource reported for KMZ is 100% Inferred. Evidence · text > in the Inferred Mineral Resource category **No Metallurgical Testing** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document explicitly states no metallurgical testing has been performed on Kliyul mineralization. Evidence · text > There has been no metallurgical testing on Kliyul mineralization. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource estimate is based on a prepared NI-43-101 Technical Report. Evidence · text > NI-43-101 Technical Report: Mineral Resource Estimate for the Kliyul Project ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Drill Results (6) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/drilling-starts-at-pacific-ridge-s-kliyul-copper-gold-project-two-drill-programs--a0e6be8d-e5ea-45af-9e7d-7faa128a85ce#fact-drill-facts-0) copper #### Identity - Commodity: copper - Ticker: PEX #### Geometry - Grade: 0.15 - Grade Unit: % #### Classification - Group ID: KMZ:resource #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-17T00:00:00.000Z Reasoning: Part of the KMZ Inferred resource reported at 0.20% CuEq cutoff. - Positive factor: Large tonnage - Negative factor: Inferred category Evidence · text > KMZ hosts 334.1 million tonnes \("Mt"\) grading 0.33% CuEq \(0.15% copper, 0.26 g/t gold, and 0.95 g/t silver\) ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/drilling-starts-at-pacific-ridge-s-kliyul-copper-gold-project-two-drill-programs--a0e6be8d-e5ea-45af-9e7d-7faa128a85ce#fact-drill-facts-1) gold #### Identity - Commodity: gold - Ticker: PEX #### Geometry - Grade: 0.26 - Grade Unit: g/t #### Classification - Group ID: KMZ:resource #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-17T00:00:00.000Z Reasoning: Part of the KMZ Inferred resource reported at 0.20% CuEq cutoff. - Negative factor: Inferred category Evidence · text > 0.26 g/t gold ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/drilling-starts-at-pacific-ridge-s-kliyul-copper-gold-project-two-drill-programs--a0e6be8d-e5ea-45af-9e7d-7faa128a85ce#fact-drill-facts-2) silver #### Identity - Commodity: silver - Ticker: PEX #### Geometry - Grade: 0.95 - Grade Unit: g/t #### Classification - Group ID: KMZ:resource #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-17T00:00:00.000Z Reasoning: Part of the KMZ Inferred resource reported at 0.20% CuEq cutoff. - Negative factor: Inferred category Evidence · text > 0.95 g/t silver ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/drilling-starts-at-pacific-ridge-s-kliyul-copper-gold-project-two-drill-programs--a0e6be8d-e5ea-45af-9e7d-7faa128a85ce#fact-drill-facts-3) gold #### Identity - Commodity: gold - Ticker: PEX #### Geometry - Grade: 0.236 - Grade Unit: g/t #### Classification - Group ID: KMZ:resource\_aueq #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-17T00:00:00.000Z Reasoning: Part of the KMZ Inferred resource reported at 0.20% AuEq cutoff. - Negative factor: Inferred category Evidence · text > 386 Mt grading 0.459 g/t AuEq \(0.236 g/t gold, 0.142% copper, and 0.911 g/t silver\) ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/drilling-starts-at-pacific-ridge-s-kliyul-copper-gold-project-two-drill-programs--a0e6be8d-e5ea-45af-9e7d-7faa128a85ce#fact-drill-facts-4) copper #### Identity - Commodity: copper - Ticker: PEX #### Geometry - Grade: 0.142 - Grade Unit: % #### Classification - Group ID: KMZ:resource\_aueq #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-17T00:00:00.000Z Reasoning: Part of the KMZ Inferred resource reported at 0.20% AuEq cutoff. - Negative factor: Inferred category Evidence · text > 0.142% copper ### Fact 6 [Link to this fact](https://atlas-staging.minestarters.com/news/drilling-starts-at-pacific-ridge-s-kliyul-copper-gold-project-two-drill-programs--a0e6be8d-e5ea-45af-9e7d-7faa128a85ce#fact-drill-facts-5) silver #### Identity - Commodity: silver - Ticker: PEX #### Geometry - Grade: 0.911 - Grade Unit: g/t #### Classification - Group ID: KMZ:resource\_aueq #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-17T00:00:00.000Z Reasoning: Part of the KMZ Inferred resource reported at 0.20% AuEq cutoff. - Negative factor: Inferred category Evidence · text > 0.911 g/t silver ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.