11/26/2014 - 11:37 AM EST - Pacific Ridge Exploration Ltd. : provided an update on its 100%-owned Mariposa gold project and its Fyre Lake Cu-Au-Co massive sulphide project, under option to Merah Resources Ltd. Pacific Ridge has exercised its option with the underlying vendors and now owns a 100% interest in its Mariposa Project, subject to a 2% NSR royalty, half of which can be purchased by the Company for $1,000,000. Mariposa has seen over $6 million in exploration expenditures since 2010. At the Skookum Main Zone, 14 of 18 drill holes intersected gold mineralization, with the best hole encountering 2.44 grams per tonne gold over 39 m. Pacific Ridge Exploration Ltd.
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