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Pacific Ridge Exploration ( (TSE:PEX) ) just unveiled an update.
Pacific Ridge Exploration outlined its 2026 drilling program at the Kliyul and RDP copper-gold projects in British Columbia, highlighting Kliyul’s Kliyul Main Zone, which hosts an inferred resource of about 334 million tonnes grading 0.33% copper equivalent and remains open for expansion. The company plans to expand resources at Kliyul by drilling within key aeromagnetic and resistivity targets, while at RDP it will test the interpreted porphyry centre at the Day target and further define a western magnetic lobe discovery following some of B.C.’s strongest recent porphyry copper-gold drill results.
Management emphasized that the new campaign is designed to grow the existing resource base and refine high-priority porphyry targets across both properties, potentially enhancing the scale and attractiveness of Pacific Ridge’s portfolio in a competitive copper-gold exploration market. The planned work, supported by prior high-grade intercepts and proximity to infrastructure, could improve the projects’ development prospects and sharpen the company’s positioning among Canadian copper-gold explorers if results continue to be positive.
Spark’s Take on PEX Stock
According to Spark, TipRanks’ AI Analyst, PEX is a Neutral.
The score is primarily constrained by weak financial performance (no revenue, continued losses, and ongoing cash burn), partly offset by strong technical momentum (price above major moving averages and positive MACD). Valuation remains challenged due to negative earnings and no dividend support.
To see Spark’s full report on PEX stock, click here.
More about Pacific Ridge Exploration
Pacific Ridge Exploration is a Vancouver-based mineral exploration company focused on copper-gold porphyry projects in British Columbia. Its key assets include the 100% owned Kliyul and RDP projects, situated in the Quesnel terrane and Toodoggone Mining District near existing roads and power infrastructure, positioning the company in one of Canada’s most active exploration regions.
Average Trading Volume: 329,500
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$11M
See more data about PEX stock on TipRanks’ Stock Analysis page.