The 56 claim Gold Cap property covers over 1,200 hectares and adjoins the northeast boundary of the White Gold’s Golden Saddle deposit. Gold Cap is 100% owned by Pacific Ridge and was staked in 2009 on the basis of an anomalous gold silt sample reported by the Geological Survey of Canada.
Gold Cap covers a geologic setting for White Gold style mineralization, similar to the Golden Saddle deposit, 6 km to the southwest (Indicated Mineral Resource of 961,000 gold ounces within 12,324,000 tonnes at 2.43 g/t gold and Inferred Mineral Resource of 282,500 gold ounces within 5,157,000 tonnes at 1.70 g/t gold - White Gold news release from March 5, 2018). The main target at Gold Cap is a gold soil anomaly. During 2009 and 2010, exploration on the property consisted of detailed grid-based soil sampling to test the emerging geochemical trends. The combined results detected a 3km long northeasterly gold-in-soils anomaly. Gold-in-soil values peak at 217 ppb gold.
The anomaly lies adjacent to the Cathy Zone on the White Gold property and the two soil anomalies may be a part of the same zone. From a regional geological perspective, a major northwest/southeast-trending fault zone proximal to the Comstock gold discovery located 5 km northwest of Gold Cap, may also trend through the Gold Cap claims.
The Company’s 2018 exploration program at Gold Cap will include detailed mapping and prospecting and a deep penetrating GT Probe soil sampling program.