Projects

Klondike Kate Gold Project, Yukon

In 1914 it was reported by T.A. Maclean, M.E in the Canada Department of Mines publication, “Lode Mining in Yukon”, that……

“ One good lode mine in Klondike district would put new heart into the business, and would afford sufficient encouragement to induce active prospectors and miners to take the field, when a new era in connection  with the lode mining industry might thus be inaugurated.”

Pacific Ridge’s Klondike Kate Gold project, consists of four properties comprising 658 mineral claims,  located in the Yukon’s South Klondike region, south of Dawson City. Exploration programs on each of the Klondike Kate properties  commenced in early August, 2009 and will continue through 2010.

Attracted by Underworld Resource’s gold discovery on its White Gold Property located 90 kilometres south of Dawson City, Pacific Ridge through both contacts with Yukon prospectors and its files of historic exploration data commenced a program of land acquisition in 2009 resulting in the staking of the Goldcap and Eureka Dome  properties,  option of the Stewart/Polar Property from Shawn Ryan and option of the Mariposa property from the Tintina Syndicate. Each of which properties has demonstrated exploration potential for gold discovery.

The Underworld gold discovery was made through follow-up of gold anomalies generated by a large-scale soil sampling geochemical program. Underworld reports seven separate anomalous gold zones identified by soil geochemistry along a 7.5 kilometer trend wherein there have been two drill discoveries made so far. Within their Golden Saddle and Arc deposits, based on 96 drill holes, Underworld reported an initial indicated resource estimate for Golden Saddle hosting 1,004,570 ounces gold at a grade of 3.2 g/t with an additional inferred 407,413 ounces at an average grade of 2.5 g/t. 

Explorationists are suggesting that Underworld is creating a new geologic model for the discovery of lode gold deposits within the Klondike with implications for regional distribution of the White Gold mineralizing system.
The elusive hard rock source of the widespread placer gold occurrences is only now being discovered with gold resources defined so far yet to match approximately 13 million ounces gold reported by placer miners in a different measuring approximately 100 by 150 kilometres. Industry observers are optimistic that the Klondike is now poised for the discovery of additional hard rock gold deposits, in which case the Klondike will comprise the largest area play for gold exploration in Western Canada.

During 2009, the South Klondike area saw a staking rush where over 6,000 mineral claims were acquired. Today, an estimated  25 exploration companies now hold ground in the area.

Pacific Ridge completed its 2009 exploration programs on its four properties comprising the Klondike Kate Project. This program has successfully outlined potential for underlying  gold mineralization as indicated by anomalous gold geochemical signatures from preliminary auger soil sampling programs on the Goldcap, Polar/Stewart, and Mariposa properties.

The Pacific Ridge 2010 exploration program, directed to establishment of drill targets, will include continued soil sampling to expand already established anomalies and geologic mapping  followed, by trenching on priority targets and then diamond drilling.

For the locations of Pacific Ridge Properties in the South Klondike, click the "Klondike Kate Regional Claims Map" and "Regional Magnetic Map" link at the top right of this page under the map heading.

Mariposa Property
The Mariposa property, acquired in September 2009, by way of an option agreement with the Tintina Syndicate, grants Pacific Ridge the right  to earn a 100% interest subject to a 2% NSR through making cash and shares payments.

The Mariposa property, consisting of 238 mineral claims, covering approximately 50 square kilometers and located approximately 60 kilometres southeast of Underworld’s Whitegold discovery, lies within a regional  major northwest trending structural corridor hosting  gold and  copper deposits.

The Mariposa property covers a 14 kilometre length of a geological setting analogous to the Whitegold style of gold mineralization. Exploration to date defined an open-ended 7- kilometre length of altered sulphide-bearing quartz mica schist unit that lies adjacent to intrusive and mafic rock units, a setting favorable for hosting a gold-mineralizing system.

Geochemical  soil sampling at the western exposed end of the host schist has defined an open- ended 2 kilometre-long gold soil anomaly containing values above 20 ppb gold. Additional  soil sampling by Tintina  also outlined a second open-ended gold target, measuring a kilometer square and overlying nearby intrusive rocks. Gold exploration targets at Mariposa also have aeromagnetic signatures similar to those defined at Underworld’s White Gold and Kaminak’s Coffee properties.
Samples collected from bedrock exposed by placer mining have returned gold values up to 3 grams /tonne from sulphide-bearing rocks.

All streams draining the Mariposa property are known to contain placer gold, of which Scroggie Creek has had a long history of placer gold production which continues today. The placer miners recovery of “hackly” gold nuggets, in the headwaters of Mariposa Creek, may suggest the presence of nearby lode gold sources. Within Geological Survey of Canada Current Research Report 2003-A1, it is noted that “The fragility of the pristine gold crystals projecting from the clasts suggests that they were not transported far following their introduction into the fluvial system. Consequently, a source on adjacent hillsides is suggested.”

During 2010, in preparation for drilling, trenching will be carried out on already defined geochemical anomalies. Geochemical sampling will also continue to define additional exploration targets along the geological horizon already known to be permissive for hosting gold. 

For additional technical data, click the Mariposa map links at the top right of this page under the map heading.

Goldcap Property
Pacific Ridge owns a 100 percent interest in the approximate 14 square kilometer Goldcap property. The claims are tied on to the eastern boundary of Underworld’s White Gold property and are located approximately 5 kilometres northeast of their Golden Saddle zone.

Goldcap covers a geologic setting for White Gold style mineralization, that being a hydrothermal mineralizing system invading a schist/mafic sequence of rocks.

During the 2009 exploration season, Pacific Ridge established a 2 kilometre by 4 kilometre soil sampling grid within the source area of an historic highly anomalous gold in silt anomaly reported by the Geological Survey of Canada. Pacific Ridge has defined three sub parallel northerly trending arsenic-antimony-nickel-gold soil anomalies measuring 2 to 4 kilometres in length and remaining open for expansion to the north. The linear nature of the anomalous soils suggests the presence of structurally controlled mineralization. Geochemical values for arsenic range from 20 to 200ppm, nickel from 75 to 1200 ppm, antimony from 1 to 4 ppm and gold values ranging   from 12 to 290 ppb.

The geochemical anomalies appear to be building in intensity toward the northern limits of the presently established soil sampling grid. Early in the 2010 exploration season, soil sampling will be extended 3 kilometres to the north to further explore the prospective gold mineralizing system.

For additional technical data, click Goldcap Map links at the top right of this page under the map heading

Stewart/ Polar Property
The Polar/Stewart Property lies at the eastern border of the Pacific Ridge Goldcap Property and the northern border of ground held by Underworld.

This 35 square kilometer property was acquired by way of an option agreement with RyanWood Exploration, headed by Dawson City prospector Shawn Ryan, who is credited with the initial discovery of the Underworld White Gold Property. Pacific Ridge can earn a 100% interest in the Stewart/Polar property, subject to a 2% net smelter return interest (“NSR”), by making staged payments over the next 4 years totaling $300,000 and 1,250,000 Pacific Ridge shares. The 2% NSR can be bought down to 1% for a $1.0 million cash payment.
The Stewart/Polar acquisition was based on its favorable geological setting and an aeromagnetic anomaly flanked by anomalous gold in soils produced from reconnaissance sampling by RyanWood. Initial soil sampling has outlined gold values reaching 634 ppb gold that will be further detailed during 2010 to define targets for trenching and drilling.

For additional technical data, click Stewart/Polar Maps at the top right of this page under the map heading

Eureka Dome Property
Located approximately 55 kilometres north of the White Gold discovery, Pacific Ridge owns a 100% interest in the 27 square kilometer Eureka Dome Property located within 5 kilometres of road access. The claims were staked over the eastern flanks of Eureka Dome and adjoin the eastern boundary of claims now held under option by Golden Predator who, in 2010,  plan to drill test an extensive gold-in-soil anomaly previously defined by  Strategic Metals on the west side of Eureka Dome.

The Eureka exploration target is distinguished by placer gold occurrences in most creeks draining all sides of Eureka Dome. Geochemical anomalies on the Eureka Dome property indicate a high level epithermal style alteration system with anomalous arsenic, mercury, barium, antimony and gold values occurring within silicified and brecciated metasedimentary rocks.

On-going exploration in 2010 will include establishment of a geochemical soil grid to better define the potential source area of gold mineralization.

For additional technical data, click Eureka and Moose Maps

Pacific Ridge’s disclosure of a technical or scientific nature has been reviewed by George Norman, P.Geo., Qualified Person under the definition of National Instrument 43-101.