Welcome to our dedicated page for Prospect Ridge news (Ticker: PRRSF), a resource for investors and traders seeking the latest updates and insights on Prospect Ridge stock.
Prospect Ridge Resources Corp. (CSE: PRR, OTCQB: PRRSF, FRA: OED) generates news primarily through its exploration and financing activities in British Columbia. As an exploration and development company focused on critical metals and gold, its updates center on copper-gold porphyry projects in the Golden Horseshoe and Cariboo regions of north-central British Columbia.
News coverage for Prospect Ridge often includes announcements about diamond drill programs, visual core observations, and portable X-ray fluorescence (pXRF) results from its 100% owned Camelot copper-gold project in the Cariboo Mining District. Releases describe drilling progress, geological interpretations, and the relationship between chargeability, magnetic anomalies, and pyrite-chalcopyrite mineralization under an alkalic porphyry model.
Investors can also expect frequent updates on project-level milestones at the Excalibur and Castle copper-gold porphyry projects, including soil sampling, induced polarization (IP) surveys, airborne magnetic surveys, and the definition of drill targets. Corporate news items highlight option agreements to earn project interests, formation of a technical advisory committee, and exclusive exploration arrangements with Equity Exploration Consultants Ltd.
Another recurring theme in Prospect Ridge news is financing activity. The company reports non-brokered flow-through private placements and critical mineral flow-through financings, detailing unit terms, use of proceeds, and allocation of funds to drill programs at Camelot, Excalibur, and Castle. These releases often include explanations of how proceeds will be applied to eligible Canadian exploration expenses.
For readers following PRRSF, the news stream provides insight into exploration results, technical interpretations, and funding that shape the company’s progress on its copper-gold and critical metals projects in British Columbia.
Prospect Ridge Resources Corp. has appointed Dr. Allen Alper and Bradley Scharfe as Directors, alongside Tom Morgan as Lead Prospector. Dr. Alper brings over 40 years of mining experience and a strong background in mergers and acquisitions, while Scharfe has extensive expertise in financing and management. Tom Morgan, a recognized prospector, enhances the team’s field capabilities. CEO Michael Iverson expressed confidence in their ability to unlock potential gold resources at the Knauss Creek and Holy Grail properties, indicating that 2022 aims to be a record year for the company.
Prospect Ridge Resources Corp. (CSE: PRR, OTC: PRRSF) is set for a promising 2022 following a successful 2021, where they made significant acquisitions and identified multiple gold and silver zones. The company is preparing for drilling, pending permits, and is excited about the potential of their Holy Grail and Knauss Creek properties. With $5.2 million in the bank and a history of high-grade samples, they aim to capitalize on their current position. Results from approximately 50% of assays are still awaited, which could further impact the company's prospects.
Prospect Ridge Resources Corp. (CSE: PRR, OTC: PRRSF) announced a productive year-end recap for 2021, highlighting two significant acquisitions: the Holy Grail and Knauss Creek properties in Northern British Columbia. The company is preparing to drill four ready targets in Spring 2022, with notable assay results of up to 117 grams per tonne gold. CEO Michael Iverson emphasizes the rapid progress made, with over $8.5 million raised and $5.3 million in the bank. The company also completed a private placement raising $1.26 million to support ongoing projects.
Prospect Ridge Resources Corp. (CSE: PRR, OTC: PRRSF) announced promising preliminary results from its Hugin Zone exploration at the newly acquired Knauss Creek property. Assays reveal up to 3.49 grams per tonne gold over 0.73 meters, with larger averages of 2.4 grams per tonne over 1.54 meters. The property, located near essential infrastructure, shows strong historical mineralization potential. Future work includes further sampling and preparation for drilling. Excitement surrounds the exploration's expansion of opportunities in a relatively untested area.
Prospect Ridge Resources Corp. (CSE: PRR, OTC: PRRSF) announced promising preliminary exploration results from the Mint 2B zone at the Knauss Creek property. Key findings include channel assays of up to 30.8 grams per tonne gold and 281 grams per tonne silver over a length of 0.71 meters. The property benefits from proximity to infrastructure, enabling cost-effective exploration. The 2021 exploration utilized advanced techniques, with 71% of prospecting samples yielding over 0.5 grams of gold. Ongoing efforts will focus on identifying additional mineralization to support future drilling plans.
Prospect Ridge Resources Corp. announced promising preliminary exploration results from the historic Dorreen Mine at the newly acquired Knauss Creek property. The assays returned exceptional grades, including up to 57.3 grams per tonne gold and 116 grams per tonne silver. Historical highlights show significant mineralization with past shipments yielding up to 163.54 grams per tonne gold. CEO Michael Iverson expressed enthusiasm for ongoing exploration and indicated further results are expected. The site offers excellent infrastructure advantages, aiding future exploration efforts.
Prospect Ridge Resources Corp. (CSE: PRR; OTC: PRRSF) has received approval for its common shares to be listed on the OTCQB Venture Market, effective November 26, 2021. The OTCQB is a U.S. trading platform for emerging companies that meets specific financial and reporting standards. This listing enables electronic clearing and settlement through The Depository Trust Company since November 5, 2021. Prospect Ridge continues to trade on the Canadian Securities Exchange under the symbol PRR and is focused on mineral exploration in North America.