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Prospect Ridge Resources Corp. reports developments tied to its British Columbia mineral exploration portfolio, with a focus on critical metals and gold. Company updates center on copper-gold porphyry targets in the Golden Horseshoe and Cariboo regions of north-central British Columbia, including work at the 100% owned Camelot copper-gold project and exploration planning for Excalibur and Castle.
Recurring news themes include drill results, assay interpretation, geochemical and geophysical targeting, technical advisory appointments, flow-through share financings, board changes, and investor presentations. The company’s disclosures also describe exploration partnerships and technical work intended to advance drill targets across its project portfolio.
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.