Kliyul

Kliyul is situated in the northern Quesnel Terrane, an island arc formed along the western North American continental margin. The project is underlain by Late Triassic Takla Group volcanic, volcaniclastic and sedimentary rocks, including the Kliyul Creek and Goldway Peak units.

Four principal intrusive phases occur in and around the project: the Upper Triassic Kliyul Creek Complex, a Triassic-to-Jurassic monzonite porphyry, the Early–Middle Jurassic Darb Creek tonalite, and Lower Cretaceous Osilinka stocks.

Porphyry copper mineralization typically occurs as veined and disseminated chalcopyrite with lesser bornite. Common vein types include chlorite-epidote-pyrite, quartz-sericite-anhydrite-calcite-pyrite and quartz-chlorite-magnetite-pyrite assemblages.

Mineralization is most commonly hosted by andesite and volcaniclastic andesite, with feldspar porphyry and equigranular diorite also acting as hosts. Higher copper and gold grades correlate with magnetite-cemented breccia, increased vein density and the presence of bornite.

Six porphyry targets are identified across the six-kilometre trend: Kliyul Main Zone, Bap Ridge, Ginger, Ginger South, M39 and Parish Hill. Before Pacific Ridge’s 2021 program, 33 holes totalling 5,524 metres had been drilled at KMZ.

Pacific Ridge completed 1,544 metres in three holes, KLI-21-036 through KLI-21-038.

• ↳All three holes returned significant copper-gold mineralization and extended KMZ westward and at depth.
• ↳KLI-21-037 returned 316.7 m of 0.79% CuEq² or 1.17 g/t AuEq³ within 566.7 m of 0.51% CuEq² or 0.75 g/t AuEq³.
• ↳Selected intervals returned values up to 4.0% copper and 5.8 g/t gold; bornite in KLI-21-036 and KLI-21-038 provided an encouraging vector toward the porphyry centre.

The program included 7,014.7 metres in 12 holes, 27 line-kilometres of IP, 423 line-kilometres of airborne magnetic and radiometric surveying, MVI modelling, 257.5 line-kilometres of LiDAR, geochemical modelling, mapping and sampling.

• ↳Drilling expanded the interpreted KMZ mineralized body to approximately 600 m east-west by 350 m north-south by 600 m vertically.
• ↳KLI-22-050 returned 328.0 m of 0.64% CuEq² or 0.95 g/t AuEq³ within 526.0 m of 0.49% CuEq² or 0.73 g/t AuEq³.
• ↳Work showed that KMZ remained open in all directions and at depth, confirmed key fault controls and provided vectors toward a possible porphyry core west or southwest of KMZ.

Pacific Ridge completed 10,284 metres in 19 holes, the largest program completed at Kliyul at that time.

• ↳Six contiguous fault blocks were tested across an area approximately 1,300 m east-west, 600 m north-south and as much as 650 m deep.
• ↳Three holes tested Ginger, Ginger South and Parish Hill, up to 1.5 km from KMZ.
• ↳KLI-23-068 returned 110.0 m of 0.97% CuEq² or 1.44 g/t AuEq³ within 455.8 m of 0.43% CuEq² or 0.63 g/t AuEq³.
• ↳KLI-23-069 returned the deepest mineralized interval then encountered at Kliyul; interpreted extents reached approximately 760 m by 600 m by 650 m.

• ↳A 541 line-kilometre airborne ZTEM survey covered 85% of Kliyul.
• ↳Results strengthened the interpretation of a mineralized quartz-diorite porphyry stock north of KMZ and outlined a possible 700 m KMZ–Klip corridor.
• ↳The working model treats KMZ as one mineralized centre within a larger, zoned porphyry system.

• ↳Two holes totalling 1,287 metres were completed.
• ↳KLI-25-070 returned 289.0 m of 0.77% CuEq² or 1.15 g/t AuEq³ within 489.8 m of 0.56% CuEq² or 0.84 g/t AuEq³.
• ↳KLI-25-071 returned 91.0 m of 0.47% CuEq² or 0.70 g/t AuEq³ within 421 m of 0.24% CuEq² or 0.35 g/t AuEq³ and extended mineralization 110 m west of KLI-23-068.