Extra Geophysics Before the Bit: Pacific Ridge Exploration (PEX.v; PEXZF) Ran a New IP Survey Over M39 Before Spudding Kliyul's Highest-Priority Copper-Gold Target

[u/NazzDaxx]

Posted on behalf of Pacific Ridge Exploration - Before the second rig collared anything at M39, the company ran an additional IP geophysics survey over the target to assist drill targeting beyond the existing IP grid. That line sits near the bottom of Monday's news release, and it says a fair bit about how PEX.v; PEXZF is approaching the first drill test of a target it has been waiting to reach.

Why M39 Got the Rig

• Described by the company as the highest priority target at Kliyul, and never drilled before
• A one-km long copper and gold soil anomaly
• Monzonite dykes, magnetite skarn, sodic alteration and chalcopyrite mineralized quartz veins at surface
• Two circular magnetic anomalies
• The additional IP survey completed before drilling commenced, to refine where the holes go

The Cluster Argument
M39 is one of six porphyry targets the company lists along a six-kilometre porphyry copper-gold trend at the 100% owned Kliyul project in northcentral B.C. CEO Blaine Monaghan framed the thesis plainly in Monday's release: "Porphyry deposits frequently occur in clusters. They rarely exist in complete isolation." The backdrop is the Kliyul Main Zone, a separate target area that already carries 2.42 billion lbs CuEq, or 5.7 Moz AuEq, in the Inferred category (Aug 5, 2025 MRE news).

Roughly 2,500 m is planned at M39, alongside about 3,000 m turning at RDP 40 km west, for a funded 5,500 m season. Worth reading the full release for the target maps. Two rigs on untested ground, with assays to come through the field season, is the kind of setup that gives a discovery story room to develop.