Kliyul

  • Target

    100% owned by Pacific Ridge, the Kliyul copper-gold project is over 60 square kilometres in size and is located in the prolific Quesnel Trough close to existing infrastructure. Kliyul is in a similar geological environment to other copper-gold porphyry deposits in BC such as Kemess (Centrra), Mt. Milligan (Centerra), Red Chris (Newcrest), and Saddle North (Newmont). 

    Geological Setting

    Kliyul is situated in the northern Quesnel terrane, an island arc that formed along the western North American continental margin in the Late Paleozoic to mid-Mesozoic and now stretches north-south within the Canadian Cordillera. Kliyul is underlain by the Late Triassic Takla Group volcanic, volcaniclastic and sedimentary rocks, including the Kliyul Creek unit and overlying Goldway Peak unit. Four main intrusive phases have been identified in and around the property, including the Upper Triassic Kliyul Creek Complex of mafic to ultramafic rocks, a Triassic to Jurassic monzonite porphyry, the Early Middle Jurassic Darb Creek tonalite and the Lower Cretaceous Osilinka stocks of granite, granodiorite and tonalite composition.

    Mineralization

    Porphyry copper mineralization at Kliyul typically comprises both veined and disseminated chalcopyrite with lesser amounts of bornite. Vein-hosted mineralization is within chlorite-epidote±pyrite veins, quartz-sericite-anhydrite-calcite±pyrite veins and quartz-chlorite-magnetite±pyrite veins. Chlorite-epidote±pyrite veins are the most common vein type and have varied vein selvages including chlorite, albite or sericite. Mineralization is most commonly hosted by andesite and volcaniclastic andesite, although feldspar porphyry and equigranular diorite can also be hosts. Increased copper and gold grades occur within magnetite-cemented breccia and with increased vein density. The presence of bornite is associated with higher copper and gold grades. Bornite was noted both within magnetite breccia and replacing mafic sites within equigranular diorite in the 2015 drilling.

    Project Highlights

    Kliyul hosts five porphyry targets: Kliyul Main Zone ("KMZ"), Bap Ridge, Ginger, M39, and Paprika. Each target represents an interpreted porphyry centre over an underexplored 6 km long mineralized trend. 

    The KMZ is the most intensely explored area, with 33 drill holes (5,524 m) drilled prior to Pacific Ridge's 2021 drill program, most of which targeted a near-surface Cu-Au magnetite skarn zone. Deeper drilling in 2006 and 2015 encountered a porphyry copper-gold system.

    Historic Drill Highlights

    2021 Exploration Program

    Pacific Ridge drilled a total of 1,544 m in three holes at Kliyul in 2021.

    Highlights of the 2021 Drill Campaign:

    • Successfully extended mineralization at the Kliyul Main Zone (“KMZ”) to the west and to depth; mineralization at KMZ remains open to the west, south, southwest, southeast, northeast, and to depth. 
    • Every drill hole returned significant copper-gold mineralization, notably better than the copper-gold mineralization returned in historic drill holes.
    • Encountered values up to 4.0% Cu and 5.8 g/t Au over select intervals, some of the highest-grade intercepts encountered in deep drilling at KMZ.
    • The presence of bornite in KLI-21-036 and KLI-21-038 is encouraging as it commonly occurs in the core of porphyry systems and its presence can be used to vector towards the porphyry centre.

    2022 Exploration Program

    Pacific Ridge’s 2022 exploration program consisted of diamond drilling (7,014.7 m in 12 drill holes), Induced Polarization (IP) survey (27 line-km), high-resolution heli-borne magnetic and radiometric survey (423 line-km), MVI modelling of aeromagnetic survey results, LiDAR survey (257.5 line-km), porphyry footprints geochemical modelling, geological mapping and surface sampling (rock), and continued baseline water sampling.

    Highlights of the 2022 exploration program:

    • The 2022 drilling campaign materially increased the size of the KMZ mineralized body to approximately 600 m (E-W) x 350 m (N-S) x 600 m vertical depth from approximately 350 m (E-W) x 150 m (N-S) x 500 m vertical depth;
    • Drilling confirmed that the KMZ is not bounded by faults on any side and mineralization remains open in every direction and at depth;
    • Drilling confirmed the existence of the modelled NW-striking Lui Fault which separates KMZ block from Kliyul West block and confirmed that the WSW-striking Valley Fault zone has a Late Triassic phase related to mineralization and veining;
    • Broad step-outs to the west and east along the Valley Fault corridor confirmed the system centred at KMZ extends for over 1.2 km along this trend before reaching the system edge, and that mineralization is structurally controlled within the Valley Fault zone;
    • Drilling confirmed that neighbouring fault blocks (Kliyul West, Kliyul North, East Wedge) to the KMZ block have chlorite-sericite alteration and associated mineralization suggesting these blocks are downthrown several 100 m relative to the central KMZ block, and that these blocks have good preservation potential for different segments of a larger porphyry deposit;
    • Drilling in the Kliyul North zone is providing new information on deposit scale geology and attitude of geological features, including dyke and vein orientations, providing key marker units in geological modelling which will aid in resolving if the porphyry system has been tilted post-mineral; and
    • Drilling in Kliyul West has provided a vector to distinctively higher Cu:Au ratio in mineralization which increases to 1.5 in Kliyul West versus 0.25-0.50 in the KMZ, and porphyry footprints modelling has suggested a porphyry core to the west or southwest of KMZ.

    2021 and 2022 Kliyul Drill Highlights

    Hole

    From(m)

    To(m)

    Width(m)

    Cu(%)

    Au(g/t)

    Ag(g/t)

    CuEq(%)*

    AuEq(g/t)**

    KLI-21-036

    12.0

    449.0

    437.0

    0.22

    0.60

    1.62

    0.68

    0.93

    Includes

    12.0

    65.0

    53.0

    0.22

    0.83

    1.52

    0.84

    1.15

    And

    12.0

    33.0

    21.0

    0.34

    1.30

    2.48

    1.31

    1.80

    And

    47.0

    65.0

    18.0

    0.22

    0.89

    1.24

    0.88

    1.21

    Includes

    143.3

    435.0

    291.7

    0.28

    0.74

    2.04

    0.84

    1.15

    And

    294.0

    435.0

    141.0

    0.36

    1.11

    2.76

    1.19

    1.64

    KLI21-037

    12.3

    579.0

    566.7

    0.20

    0.44

    1.39

    0.53

    0.73

    Includes

    12.3

    329.0

    316.7

    0.30

    0.70

    2.17

    0.83

    1.14

    And

    62.0

    73.0

    11.0

    0.42

    1.22

    4.48

    1.35

    1.85

    And

    90.0

    122.0

    32.0

    0.52

    0.88

    2.48

    1.18

    1.62

    And

    146.0

    161.0

    15.0

    0.39

    1.19

    2.86

    1.29

    1.77

    Includes

    238.8

    288.1

    49.4

    0.66

    1.50

    4.83

    1.79

    2.46

    And

    243.9

    268.0

    24.1

    1.09

    2.21

    7.92

    2.77

    3.80

    KLI21-038

    9.0

    516.0

    507.0

    0.15

    0.39

    1.51

    0.45

    0.62

    Includes

    9.0

    351.0

    342.0

    0.17

    0.50

    2.00

    0.56

    0.77

    And

    9.0

    43.0

    34.0

    0.27

    0.72

    2.84

    0.82

    1.13

    And

    9.0

    63.0

    54.0

    0.21

    0.56

    2.27

    0.64

    0.88

    And

    108.0

    136.0

    28.0

    0.21

    0.60

    9.01

    0.72

    0.99

    And

    153.1

    186.0

    32.9

    0.24

    0.78

    1.68

    0.82

    1.12

    And

    226.0

    351.0

    125.0

    0.23

    0.69

    1.57

    0.74

    1.02

    And

    261.0

    349.0

    88.0

    0.26

    0.84

    1.82

    0.89

    1.22

    KLI-22-039

    9.3

    252.0

    242.7

    0.15

    0.17

    1.05

    0.29

    0.39

    Includes

    22.0

    43.4

    21.4

    0.38

    0.48

    3.96

    0.76

    1.04

    And

    192.0

    229.0

    37.0

    0.20

    0.27

    0.67

    0.40

    0.55

    KLI-22-040

    23.0

    550.8

    527.8

    0.19

    0.30

    1.35

    0.42

    0.58

    Includes

    89.0

    355.5

    266.5

    0.23

    0.48

    1.94

    0.60

    0.82

    And

    170.0

    268.0

    98.0

    0.33

    0.90

    3.42

    1.01

    1.39

    And

    210.0

    253.0

    43.0

    0.50

    1.11

    2.72

    1.33

    1.83

    And

    306.6

    340.0

    33.4

    0.09

    0.56

    0.77

    0.50

    0.69

    KLI-22-041

    12.0

    600.0

    588.0

    0.12

    0.39

    0.90

    0.41

    0.56

    Includes

    106.0

    442.0

    336.0

    0.15

    0.62

    1.04

    0.61

    0.84

    And

    164.0

    442.0

    278.0

    0.14

    0.72

    0.95

    0.67

    0.92

    And

    164.0

    200.0

    36.0

    0.30

    0.70

    1.61

    0.82

    1.13

    And

    280.0

    323.0

    43.0

    0.09

    1.59

    1.34

    1.26

    1.73

    And

    337.0

    398.0

    61.0

    0.25

    1.15

    1.12

    1.09

    1.50

    And

    420.0

    442.0

    22.0

    0.10

    0.63

    1.01

    0.56

    0.77

    KLI-22-042

    9.0

    702.0

    693.0

    0.11

    0.20

    0.81

    0.26

    0.36

    Includes

    136.0

    474.4

    338.4

    0.12

    0.30

    0.98

    0.35

    0.48

    And

    136.0

    306.0

    170.0

    0.18

    0.35

    1.34

    0.44

    0.61

    And

    438.0

    474.4

    36.4

    0.14

    0.62

    0.99

    0.60

    0.82

    KLI-22-043

    9.0

    516.0

    507.0

    0.17

    0.19

    0.82

    0.32

    0.44

    Includes

    147.0

    261.0

    114.0

    0.28

    0.36

    1.52

    0.55

    0.76

    And

    165.0

    229.0

    64.0

    0.31

    0.47

    1.82

    0.67

    0.92

    Includes

    463.0

    501.0

    38.0

    0.45

    0.26

    0.83

    0.65

    0.89

    KLI-22-044

    11.6

    651.0

    639.4

    0.11

    0.23

    0.84

    0.29

    0.39

    Includes

    81.5

    432.2

    350.7

    0.13

    0.32

    0.98

    0.38

    0.52

    And

    134.0

    352.0

    218.0

    0.15

    0.37

    1.15

    0.43

    0.59

    And

    136.0

    194.0

    58.0

    0.25

    0.38

    1.73

    0.54

    0.74

    And

    237.3

    336.7

    99.4

    0.13

    0.47

    1.01

    0.48

    0.66

    KLI-22-045

    112.0

    184.0

    72.0

    0.21

    0.59

    1.96

    0.66

    0.91

    Includes

    141.0

    184.0

    43.0

    0.17

    0.57

    2.39

    0.61

    0.83

    And

    330.0

    367.0

    37.0

    0.15

    0.34

    0.89

    0.40

    0.55

    KLI-22-046

    273.0

    442.0

    169.0

    0.20

    0.46

    1.65

    0.55

    0.75

    Includes

    313.0

    336.2

    23.2

    0.15

    0.49

    1.36

    0.51

    0.71

    And

    371.0

    430.0

    59.0

    0.24

    0.87

    2.29

    0.89

    1.22

    KLI-22-047

    332.0

    385.0

    53.0

    0.10

    0.11

    0.72

    0.18

    0.25

    KLI-22-048a

    352.0

    362.0

    10.0

    0.01

    0.59

    1.81

    0.46

    0.63

    KLI-22-049

    144.0

    484.0

    340.0

    0.15

    0.20

    0.80

    0.30

    0.41

    Includes

    250.0

    316.0

    66.0

    0.23

    0.24

    0.90

    0.41

    0.57

    And

    456.0

    484.0

    28.0

    0.27

    0.44

    2.87

    0.61

    0.84

    KLI-22-050

    58.0

    584.0

    526.0

    0.20

    0.43

    1.03

    0.52

    0.71

    Includes

    115.0

    443.0

    328.0

    0.25

    0.57

    1.25

    0.67

    0.92

    And

    254.0

    308.0

    54.0

    0.40

    1.03

    2.42

    1.17

    1.60

    And

    354.0

    443.0

    89.0

    0.28

    1.05

    1.20

    1.06

    1.45

    And

    514.0

    562.0

    48.0

    0.19

    0.41

    1.15

    0.49

    0.68

     

    *CuEq = ((Cu%) x $Cu x 22.0462) + (Au(g/t) x $Au x 0.032151) + (Ag(g/t) x $Ag X 0.032151)) / ($Cu x 22.0462)

    **AuEq = ((Cu%) x $Cu x 22.0462) + (Au(g/t) x $Au x 0.032151)) + (Ag(g/t) x $Ag X 0.032151)) / ($Au x 0.032151)

    Commodity prices:  $Cu = US$3.50/lb, $Au = US$1,750/oz., and Ag = US$20.00/oz.

    Factors: 22.0462 = Cu% to lbs per tonne, 0.032151 = Au g/t to troy oz per tonne, and 0.032151 = Ag g/t to troy oz per tonne.

    Recovery is assumed to be 100% - there has been no metallurgical testing on Kliyul mineralization

     

    2023 Drill Hole Planning

    The planned 2023 drilling program at Kliyul will total 7,000 m in at least 12 drill holes. A minimum of seven drill holes (over 4,000 m) are planned to expand the size of the KMZ mineralized body into neighbouring fault blocks Kliyul West, Kliyul North, and East Wedge. A minimum of four drill holes (over 2,300 m) is planned to test four satellite target areas of interest along the prospective 6-km-long Divide Lake Fault trend from the Ginger target in the northwest to the M-39 target in the southeast (Figure 4). This northwest trending corridor includes KMZ where it intersects the ENE-trending Valley Fault zone.

     

  • November 15, 2022
    Kliyul Presentation - November 2022

    June 24, 2020
    NI 43-101 Technical Report

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