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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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From: E. Charters8/19/2006 5:06:31 AM
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Hot zones in the pac ridge camp.

Pacific Ridge Exploration Ltd. ("Pacific Ridge") is advancing uranium targets to the drilling stage, and outlining surface mineralization with grades reaching 17.7% U3O8 on its Nunavut Baker Lake Basin project.

To date, Pacific Ridge's exploration program has included grid-controlled ground radiometric surveys, prospecting and surface sampling of 5 separate uranium targets within the 510,000-acre Baker Project licence holdings. Two of the 5 grid areas were established on 2 new discoveries made by the Pacific Ridge exploration crew.

Three priority drill targets have now been defined (694, KZ and Lucky-7) throughout the Baker project. Drilling will commence upon receipt of government permits which are expected within the month. Surface exploration is continuing with prospecting and ground radiometric surveys on additional exploration targets selected from approximately 20 targets across the project.

Uranium mineralization occurs both in the Paleoproterozoic Kazan sandstone infilling of the Baker Lake Basin and the underlying Archaean basement rocks. The style of uranium mineralization can be described as structurally controlled in an unconformity setting.

THE ZONES

694 Zone
The 694 Zone was partially explored by historic workers with a program of pitting and 6 short drill holes to test structurally-controlled uranium mineralization within basement gneissic rocks just below the eroded basin sediments.
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