Vancouver, British Columbia–(Newsfile Corp. – June 11, 2026) – Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQW) (“Pacific Ridge” or the “Company”) is pleased to report that Labrador Gold Corp. (TSXV: LAB) (“LabGold”) has announced plans for its 2026 exploration programs for the Company’s Mariposa and Eureka Dome gold projects in the White Gold District, Yukon. LabGold can acquire a 100% in both Mariposa and Eureka Dome by making cash payments totalling $500,000, issuing 6,670,000 shares, and making exploration expenditures totaling $5.4M over a four-year period (see new release dated May 11, 2026). In addition, upon the filing of a positive feasibility study, LabGold will make a $1.0M cash payment.
LabGold is in receipt of a Class 1 permit and plans a multiphase exploration program at Mariposa that includes an 808-line km high resolution aeromagnetic survey, a detailed LiDAR survey, a grid soil geochemical survey over the south and eastern portions of the property including approximately 4,700 samples and approximately 1,000 ridge and spur soil samples. At Eureka Dome, LabGold plans a ridge and spur soil sampling program.
“We are pleased to see this aggressive plan to further explore our White Gold projects, and we wish Labrador Gold every success with their upcoming program,” said Blaine Monaghan, President & CEO of Pacific Ridge. “Yukon continues to be an extremely active gold jurisdiction with Talamore Mining Corp. moving the Coffee deposit towards production and major drill programs at Snowline Gold’s Rogue project, Banyan Gold’s AurMac project and Sitka Gold’s RC project.”
Figure 1
Location of Mariposa and Eureka Dome
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5460/300964_326a48d55486d9fb_001full.jpg
Mariposa
Owned 100% by Pacific Ridge and now under option to LabGold, Mariposa comprises 795 claims and is located 120 kilometres southeast of Dawson City in the Yukon’s White Gold District of the Dawson Range Mineral Belt (“Dawson Range”). The Dawson Range is a regional major northwest trending structural corridor which hosts numerous gold and copper deposits, including Talamore’s Coffee deposit, located 30 kilometres west-southwest of Mariposa, and White Gold’s Golden Saddle, located 40 kilometres west-northwest of Mariposa.
The geological setting of Mariposa is similar to Coffee and Golden Saddle in terms of the host lithologies, the structural controls and brittle style of deformation and the nature of gold mineralization. Prior exploration identified an open-ended seven-kilometre-long horizon of altered, pyrite-bearing quartz mica schist in the Skookum Main Zone (“Skookum”). This unit is locally flanked by intrusive and mafic rock units, a setting favorable for hosting a gold-mineralizing system. Significant drill intersections at Skookum include 2.44 g/t gold over 39 metres (see Pacific Ridge news release dated July 28, 2011).