Redton

  • Property

    3,460 hectares in size, Redton is located in the Quesnel Trough, between Kemess and Mt. Milligan (Centerra Gold), in a similar geological environment to other copper-gold porphyry deposits in BC such as Kemess, Mt. Milligan, Red Chris and GT Gold’s Saddle North. 

    Target

    The target at Redton is a copper-gold porphyry deposit. 

    Project Highlights

    Redton adjoins Serengeti Resources Inc.'s Kwanika project - the Central Zone deposit at Kwanika hosts a Measured and Indicated Resource of 223.6 million tonnes grading 0.27% copper, 0.25 g/t gold and 0.87 g/t silver containing 1.32 billion pounds of Cu, 1.83 million ounces of Au and 6.27 million ounces of Ag (Serengeti news release, March 3, 2019) - and is road accessible.

    Redton is located in a highly mineralized belt that will likely see increased activity as a result of Serengeti’s proposed acquisition of Sun Metals Corp.

    A number of targets exist at Redton: Redton North, Redton East, East Swan and the Catchment Basin.

    Geological Setting

    Redton is located within the Quesnel Trough or Quesnellia, a Mesozoic island arc terrane juxtaposed against the ancestral North American continental margin (Nelson and Bellefontaine, 1996). The Quesnel Trough largely comprises Upper Triassic and Lower Jurassic island arc volcanic and sedimentary units of the Takla Group (Triassic) and the Chuchi Lake and Twin Creek successions (Jurassic). The Hogem intrusive suite also features prominently, comprising Late Triassic and Early Jurassic composite plutons that are presumably the intrusive equivalents of the island arc volcanic units (Nelson and Bellefontaine, 1996).

    The Quesnel Trough hosts several significant porphyry copper-gold deposits, with the Redton property located NE of Mt Milligan (707 Mt @ 0.18% Cu; 0.33 g/t Au) (Terrane, 2009) and south of the Kemess South (109Mt @ 0.234%Cu; 0.712g/t Au) and Kemess North (400Mt @ 0.224% Cu; 0.409g/t Au) (Database, 2005).

    Mineralization

    There are no MinFile occurrences within the Redton property. However, the property is surrounded by numerous occurrences, the most important of which are the Kwanika South and Central deposits, classic copper-gold alkaline porphyry deposits. Many of the other occurrences, which occur in a northwest trend, are also copper and gold occurrences associated with the Hogem Batholith.

    Terms

    Pacific Ridge has the right to earn a 51% interest in the Kliyul and Redton properties by making cash payments totaling $100,000, issuing 2.0 million shares and spending $3.5 million on exploration by December 31, 2023. The Company then has the right to increase its interest in the Properties to 75% by making additional payments totaling $60,000, issuing 1.5 million shares and completing an additional $3.5 million in exploration by December 31, 2025. The agreement is subject to regulatory approval.

    2021 Exploration Program

    Pacific Ridge plans to reprocess the 2010 AeroTEM airborne electromagnetic survey to further delineate structures and aid in targeting.

     

  • June 30, 2020
    Redton Presentation - June 2020

    June 24, 2020
    NI 43-101 Technical Report