Pacific Ridge Exploration has acquired an option to earn a 100% stake in the TL zinc project, located 80km northeast of Vernon in British Columbia, Canada.

The 6,420ha, road accessible zinc-lead-silver (Zn-Pb-Ag) project TL has a target of a Broken Hill type or sedimentary exhalative (SEDEX) Zn-Pb-Ag massive sulfide deposit.

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The property, which has access to nearby highways, rail, and an electrical power grid, is a recent discovery in an overburden-covered area made by sampling coniferous tree needles and bark.

"A total of 56 grab samples were collected at the property and 40 of them assayed +1% Zn."

A total of 56 grab samples were collected at the property and 40 of them assayed +1% Zn with a range of 1.08% to 18.87%.

Pacific Ridge proposes to perform a gravity geophysical survey over the electromagnetic conductor in a bid to define targets for drilling.

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In case the conductor is caused by massive sulphides, this is expected to be reflected in the gravity survey due to the high density of massive sulphide mineralisation.

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The company can earn the interest in the property by making payments totaling $350,000 and completing $3.3m in exploration for a period of five years.

The agreement is subject to regulatory approval.

Pacific Ridge holds a project portfolio in Yukon's White Gold District and its 280km² Mariposa gold project covers the prolific Scroggie and Mariposa placer gold creeks located east of the Coffee Gold Project.