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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (88783)	8/17/2007 2:17:28 PM
From: maxncompany	Read Replies (1) \| Respond to of 312597

EC or someone w/ geology/mining accumen give opinion????

To: Rocket Red who wrote (88783)	8/19/2007 5:20:50 PM
From: E. Charters	Read Replies (1) \| Respond to of 312597

hmmmm.. they seem to be at the pediment of something. fair grades. fair widths. metallurgy?

To: Rocket Red who wrote (88783)	8/19/2007 5:29:16 PM
From: E. Charters	Read Replies (1) \| Respond to of 312597

Trouble is, I think they made their move. 1.70 is a steep price to pay. VANCOUVER, BRITISH COLUMBIA --Aug. 7, 2007) - Pacific Ridge Exploration Ltd. PEX/TSXV, operator of the Baker Basin Uranium Project, and project partner Kaminak Gold Corporation provide an update on the Baker Basin Uranium Project. Pacific Ridge and Kaminak are pleased to report that uranium mineralization continues to depth as indicated by three drill holes completed this year at the Lucky-7 Zone. Recently received drill hole assays range to 0.20% U3O8 over 15.3 metres, including 2.74% U3O8 over 0.9 metres. In 2006 Pacific Ridge drilled 3 shallow holes at Lucky-7, the best intersection being 0.32% U3O8 over 3.4 metres at an approximate depth of 70 metres. The Lucky-7 uranium mineralization is hosted in a vertical structure now traced from surface to a depth of 250 metres. Drilling will continue to depth in order to test continuity of the mineralized vertical structure and to determine if an "unconformity style" uranium deposit occurs where the structure intersects the basin floor. Continued drilling will also determine continuity of uranium mineralization within a 500 metre-long radiometric anomaly. The three 2007 holes completed to date, and drilled below the earlier 2006 holes, are indicating thicker and higher grade uranium intersections to depth. A summary of the assay intercepts follows: Lucky-7 Zone, 2007 Drill Hole Assays ------------------------------------ Interval Intercept Assay Hole Section (m) (m) (% U3O8) (lbs U3O8/ton) ------------------------------------------------------------------------- L7-07-04 8200 N 167.0-176.0 9.0 0.11 2.2 incl. 167.0-170.0 3.0 0.15 3.0 L7-07-05 8200 N 231.3-234.0 2.7 0.24 4.8 L7-07-06 8200 N 278.5-293.8 15.3 0.20 4.0 incl. 292.9-293.8 0.9 2.74 54.8 Lucky-7 Zone, 2006 Drill Hole Assays (Previously Released) --------------------------------------------------------- Interval Intercept Assay Hole Section (m) (m)(i) (% U3O8) (lbs U3O8/ton) ------------------------------------------------------------------------- L7-06-01 8200 N 51.4-53.0 1.6 0.14 2.8 L7-06-02 8200 N 74.1-77.5 3.4 0.32 6.4 Includes 74.5-76.0 1.5 0.68 13.6 L7-06-03 8200 N Did not reach target (i) True widths are estimated at between 50% and 70% of total drill intervals. Drill holes L07-07-04, L07-07-05, and L07-07-06 intersected the near vertical Lucky-7 Zone at approximately 150, 200 and 250 metres, respectively, below surface with the width of mineralization and the related alteration envelope increasing with depth. From exposed mineralization at surface to a depth of 250 metres, five equally spaced drill holes have a weighted average of 6.4 metres grading 0.19% U3O8. Deeper drilling continues with hole L07-07-07 targeting the intersection of the structure and a conglomerate horizon at a depth below 300 metres. Hole L07-07-08 will test on-strike continuity of uranium mineralization.