# Drilling Underway at Pacific Ridge's Kliyul Copper-Gold Project Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/drilling-underway-at-pacific-ridge-s-kliyul-copper-gold-project--f4df4fba-9303-439c-adb8-db5f407d72c5 Original source: https://money.tmx.com/en/quote/PEX/news/5914096728493104/drilling-underway-at-pacific-ridge-s-kliyul-copper-gold-project Publisher: tmx Original announcement: 2025-08-27T11:00:00.000Z 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: Resource update, Drill results - Extracted: 2026-08-21 07:21:17 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Pacific Ridge Exploration has announced the commencement of a 2,500 m drill program at the Kliyul copper-gold project in British Columbia. The program aims to expand the existing Inferred Mineral Resource at the Kliyul Main Zone, which currently contains 334.1 Mt at 0.33% CuEq. Reasoning: The company is restarting drilling to expand an existing Inferred resource that remains open at depth and laterally, though the resource lacks metallurgical validation. - Positive factor: Infill and expansion drilling underway - Positive factor: Mineralization remains open for expansion - Negative factor: 100% Inferred resource - Negative factor: No metallurgical testing performed to date Facts used in scoring: 4 ## 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 reported resource for KMZ is 100% Inferred. Evidence · text > in the Inferred Mineral Resource category **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Danette Schwab, P.Geo. is named as the Qualified Person. Evidence · text > approved by. Danette Schwab, P.Geo., Vice President Exploration of the Company, and a Qualified Person **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. Evidence · text > There has been no metallurgical testing on Kliyul mineralization. ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/drilling-underway-at-pacific-ridge-s-kliyul-copper-gold-project--f4df4fba-9303-439c-adb8-db5f407d72c5#fact-resource-facts-0) copper #### Identity - Commodity: copper - Ticker: PEX #### Resource Data - Category: inferred - Tonnes: 334100000 - Grade: 0.15 - Grade Unit: % - Contained Metal: 1110000000 - Contained Unit: lbs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-27T00:00:00.000Z Reasoning: Standard inferred grade for a porphyry-style deposit. - Negative factor: Inferred category Evidence · text > KMZ hosts 334.1 million tonnes \("Mt"\) grading 0.33% copper equivalent \("CuEq"\), 0.15% copper ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/drilling-underway-at-pacific-ridge-s-kliyul-copper-gold-project--f4df4fba-9303-439c-adb8-db5f407d72c5#fact-resource-facts-1) gold #### Identity - Commodity: gold - Ticker: PEX #### Resource Data - Category: inferred - Tonnes: 334100000 - Grade: 0.26 - Grade Unit: g/t - Contained Metal: 2740000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-27T00:00:00.000Z Reasoning: Standard inferred grade for a porphyry-style deposit. - Negative factor: Inferred category Evidence · text > 0.26 g/t gold ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/drilling-underway-at-pacific-ridge-s-kliyul-copper-gold-project--f4df4fba-9303-439c-adb8-db5f407d72c5#fact-resource-facts-2) silver #### Identity - Commodity: silver - Ticker: PEX #### Resource Data - Category: inferred - Tonnes: 334100000 - Grade: 0.95 - Grade Unit: g/t - Contained Metal: 10220000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-27T00:00:00.000Z Reasoning: Standard inferred grade for a porphyry-style deposit. - Negative factor: Inferred category Evidence · text > 0.95 g/t silver ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/drilling-underway-at-pacific-ridge-s-kliyul-copper-gold-project--f4df4fba-9303-439c-adb8-db5f407d72c5#fact-resource-facts-3) copper #### Identity - Commodity: copper - Ticker: PEX #### Resource Data - Category: inferred - Tonnes: 334100000 - Grade: 0.33 - Grade Unit: % CuEq #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-08-27T00:00:00.000Z Reasoning: Resource grade reported as CuEq. - Negative factor: Inferred category Evidence · text > grading 0.33% copper equivalent \("CuEq"\) ## 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.