Prospect Ridge Completes Knauss Creek and Holy Grail Exploration; Launches Castle and Excalibur Copper-Gold Porphyry Programs
Prospect Ridge Resources (OTCQB:PRRSF) has completed exploration programs at its Knauss Creek and Holy Grail projects in British Columbia, while launching new programs at its Castle and Excalibur copper-gold porphyry projects. The company has received a $200,000 B.C. Mineral Exploration Tax Credit, strengthening its treasury to $2.3 million.
At Knauss Creek and Holy Grail, crews collected 61 rock samples across 17 high-priority targets, with results pending. The Excalibur project (27.7 km²) completed initial fieldwork with 15 rock samples submitted and plans for a 30 line-km IP survey in September. The Castle project will undergo a 325 line-km airborne survey and 8 line-km IP survey.
The company aims to define multiple high-priority drill targets for a planned minimum 2,000-metre diamond drilling campaign on each property in summer 2026.
Prospect Ridge Resources (OTCQB:PRRSF) ha portato a termine i programmi di esplorazione sui progetti Knauss Creek e Holy Grail nella British Columbia, avviando al contempo nuove attività sui progetti porfidi di rame-oro Castle ed Excalibur. La società ha ottenuto un credito d'imposta per l'esplorazione mineraria della B.C. di 200.000 dollari, rafforzando la cassa a 2,3 milioni di dollari.
A Knauss Creek e Holy Grail le squadre hanno raccolto 61 campioni di roccia su 17 obiettivi ad alta priorità; i risultati sono in attesa. Sul progetto Excalibur (27,7 km²) si è concluso il lavoro di campo iniziale con la presentazione di 15 campioni di roccia ed è prevista una indagine IP di 30 km linea a settembre. Il progetto Castle sarà sottoposto a una ricognizione aerea di 325 km linea e a una indagine IP di 8 km linea.
La società mira a definire più obiettivi di perforazione ad alta priorità per una campagna di perforazione diamantina pianificata di almeno 2.000 metri su ciascuna proprietà nell'estate 2026.
Prospect Ridge Resources (OTCQB:PRRSF) ha completado los programas de exploración en sus proyectos Knauss Creek y Holy Grail en la Columbia Británica y, a la vez, ha iniciado nuevos programas en los proyectos porfídicos de cobre-oro Castle y Excalibur. La compañía ha recibido un Crédito Fiscal de Exploración Minera de B.C. por 200.000 dólares, reforzando su tesorería a 2,3 millones de dólares.
En Knauss Creek y Holy Grail, los equipos recogieron 61 muestras de roca en 17 objetivos de alta prioridad; los resultados están pendientes. En Excalibur (27,7 km²) se completó el trabajo de campo inicial con el envío de 15 muestras de roca y se planea una encuesta IP de 30 km de línea en septiembre. El proyecto Castle se someterá a una encuesta aerotransportada de 325 km de línea y a una encuesta IP de 8 km de línea.
La compañía pretende definir múltiples objetivos de perforación de alta prioridad para una campaña de perforación diamantina planificada de al menos 2.000 metros en cada propiedad en el verano de 2026.
Prospect Ridge Resources (OTCQB:PRRSF)는 브리티시컬럼비아에 있는 Knauss Creek 및 Holy Grail 프로젝트에서 탐사 프로그램을 완료했으며 Castle 및 Excalibur 구리-금 포피리 프로젝트에서는 새로운 프로그램을 시작했습니다. 회사는 BC 광물 탐사 세금 공제 20만 달러를 받았고, 이로써 자금이 230만 달러로 강화되었습니다.
Knauss Creek과 Holy Grail 현장에서 팀은 17개의 우선 대상 지역에서 61개의 암석 시료를 채취했으며 결과는 대기 중입니다. Excalibur 프로젝트(27.7 km²)는 초기 현장 조사를 마쳤고 15개의 암석 시료를 제출했으며 9월에 30 라인-킬로미터 IP 조사를 계획하고 있습니다. Castle 프로젝트는 325 라인-킬로미터 항공 조사와 8 라인-킬로미터 IP 조사를 받게 됩니다.
회사는 2026년 여름에 각 자산에서 최소 2,000미터 다이아몬드 시추 캠페인을 계획하고 있으며, 이를 위해 다수의 고우선 시추 타깃을 규정하는 것을 목표로 하고 있습니다.
Prospect Ridge Resources (OTCQB:PRRSF) a achevé les programmes d'exploration sur ses projets Knauss Creek et Holy Grail en Colombie‑Britannique, tout en lançant de nouveaux programmes sur les porphyres cuivre‑or Castle et Excalibur. La société a reçu un crédit d'impôt pour l'exploration minière de la C.‑B. de 200 000 $, portant sa trésorerie à 2,3 millions de dollars.
À Knauss Creek et Holy Grail, les équipes ont prélevé 61 échantillons de roche sur 17 cibles prioritaires ; les résultats sont en attente. Le projet Excalibur (27,7 km²) a achevé le travail de terrain initial avec la soumission de 15 échantillons de roche et prévoit une campagne IP de 30 km‑ligne en septembre. Le projet Castle fera l'objet d'un levé aéroporté de 325 km‑ligne et d'une campagne IP de 8 km‑ligne.
La société vise à définir plusieurs cibles de forage prioritaires en vue d'une campagne de forage diamant prévu d'au moins 2 000 mètres sur chaque propriété à l'été 2026.
Prospect Ridge Resources (OTCQB:PRRSF) hat die Erkundungsprogramme auf seinen Projekten Knauss Creek und Holy Grail in British Columbia abgeschlossen und zugleich neue Programme auf den Kupfer‑Gold‑Porphyr‑Projekten Castle und Excalibur gestartet. Das Unternehmen hat eine Steuergutschrift für Mineralexploration in B.C. in Höhe von 200.000 US‑Dollar erhalten, wodurch die Kasse auf 2,3 Millionen US‑Dollar gestärkt wurde.
In Knauss Creek und Holy Grail sammelten die Teams 61 Gesteinsproben über 17 prioritäre Ziele; die Ergebnisse stehen noch aus. Beim Excalibur‑Projekt (27,7 km²) wurden die ersten Feldarbeiten abgeschlossen und 15 Gesteinsproben eingereicht; für September ist eine IP‑Untersuchung über 30 Linien‑km geplant. Das Castle‑Projekt erhält eine 325 Linien‑km Luftbefliegung und eine 8 Linien‑km IP‑Untersuchung.
Das Unternehmen beabsichtigt, mehrere hochprioritäre Bohrziele zu definieren für eine geplante Diamantbohrkampagne von mindestens 2.000 Metern auf jedem Grundstück im Sommer 2026.
- Strong treasury position of $2.3 million, bolstered by $200,000 tax credit
- Extensive exploration program covering 625.5 km² at Knauss Creek and Holy Grail
- Strategic expansion into copper-gold porphyry projects with Castle and Excalibur acquisitions
- Fully drill-permitted status for combined Knauss Creek and Holy Grail properties
- Comprehensive exploration plan with multiple surveys and sampling programs across all properties
- Drill campaign not planned until summer 2026, pending permits
- Results from current exploration programs still pending
- Additional permits required for planned drilling campaigns
Company Strengthens Treasury with B.C. Mineral Exploration Tax Credit
VANCOUVER, BC / ACCESS Newswire / August 14, 2025 / Prospect Ridge Resources Corp. (the "Company" or "Prospect Ridge") (CSE:PRR)(OTCQB:PRRSF)(FRA:OED) is pleased to announce the successful completion of field programs at its Knauss Creek and Holy Grail projects, and the commencement of exploration activities at its newly acquired Castle and Excalibur copper-gold porphyry projects in north-central British Columbia (B.C.). The Company also confirms receipt of a
Completion of Knauss Creek and Holy Grail Programs
At the Company's
The program, based at Prospect Ridge's fully equipped Terrace camp, utilized the Company's fleet of trucks and ATVs, along with helicopter support from Quantum Helicopters Ltd. A total of 61 rock samples were collected and sent for assay, with results expected in the coming weeks[ML2]. Detailed geological mapping will be integrated with assay data to highlight potential drill targets across the fully drill-permitted[RV3] combined land package of 625.5 km².
President & CEO Len Brownlie commented:
"After spending a day in the field with the Equity Exploration team at Holy Grail, I was extremely impressed by their mapping and prospecting work in challenging alpine terrain and under adverse weather conditions. Based on what I observed, I am confident the team has thoroughly reviewed all high-priority targets on both Holy Grail and Knauss Creek, and we look forward to receiving the assay results and Equity's final report."
Excalibur Copper-Gold Porphyry Project
The Excalibur project (formerly "Jacobite") covers 27.7 km² in the Skeena Natural Resource Region of central B.C. It is road-accessible, close to infrastructure and power, and lies in an area of active mining and exploration, including Quartz Mountain Resources Ltd.'s Jake and Maestro projects[RV4].
A one-week mapping and prospecting program was completed on July 29, with 15 rock samples submitted for assay. Fieldwork identified chalcopyrite mineralization outcropping within a copper-in-soil anomaly and mapped several newly identified diorite porphyry intrusions. Some of these porphyries exhibited feldspar replacement by epidote, which may represent propylitic-style alteration characteristic of peripheral zones in porphyry systems.
The Company has secured a permit exemption for its planned 30 line-km Induced Polarization (IP) survey over key copper anomalies. Contractor selection is underway, and the survey is expected to be completed in September 2025.
President & CEO Len Brownlie added:
"We are extremely excited to continue our exploration efforts over the next two months on the newly acquired Excalibur and Castle projects. With the recent
Castle Copper-Gold Porphyry Project
The Castle project, covering 29.14 km² in the Toodoggone gold-copper district, is located approximately 40 km northeast of Thesis Gold Inc.'s Ranch project.
A 325 line-km airborne magnetic and radiometric survey will be conducted by Pioneer Exploration Consultants Ltd. within the next four weeks, followed by an 8 line-km IP survey conducted by SJ Geophysics Ltd. focused on the north and west Castle gossan slopes. The Company has also received a permit exemption for the IP survey. Concurrently, field crews will carry out prospecting and mapping over both the Castle and Abbey gossans.
Next Steps
The objective of the current programs at all four projects is to define multiple high-priority drill targets in preparation for a minimum 2,000-metre diamond drilling campaign on each property, targeted for summer 2026 and pending receipt of all necessary permits [RV5] .
Figure 1: Plan map showing the main target areas on the Holy Grail/Knauss Creek project
Figure 2: Examining pyrite-altered rocks at the French Peak gossan above the Excalibur target area
First Nations Land Acknowledgement
Prospect Ridge acknowledges that Castle is situated within the traditional territory of the Tahltan and Tsay Keh Dene First Nations.
Prospect Ridge also acknowledges that Excalibur is situated within the traditional territory of the Lake Babine First Nation.
Prospect Ridge is committed to developing positive and mutually beneficial relationships with First Nations based on trust and respect and a foundation of open and honest communications.
Qualified Person Statement
All technical data, as disclosed in this press release, has been verified by Ron Voordouw, Ph.D, P.Geo. Director of Geoscience for Equity Exploration Consultants Ltd., a consultant to the Company and a qualified person as defined under the terms of National Instrument 43-101.
About Prospect Ridge Resources Corp.
Prospect Ridge Resources Corp. is a British Columbia based exploration and development company focused on critical metals and gold exploration. Prospect Ridge's management and technical team collectively have over 100 years of experience in mineral exploration and believes the Company's properties have the potential to extend the boundaries of the Golden Horseshoe across this vastly under-explored region.
Contact Information
Prospect Ridge Resources Corp.
Mike Iverson - Chairman, Director
Email: mike@miverson.ca
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release includes certain statements and information ("FLI") that may constitute forward-looking information within the meaning of applicable Canadian securities laws. FLI relates to future events or future performance and reflect the current expectations or beliefs of the Company's management. Anything that is not historical fact is FLI. Generally, FLI can be, without limitation, identified by the use of forward-looking wording such as "plans", "intends", "believes", "expects", "anticipates" or "estimates", and statements or phrases that certain actions, events or results "may", "might", "could", "should" or "would" occur, and similar expressions. FLI is not historical fact, is made as of the date of this news release and includes, without limitation, statements and discussions of future plans, intentions, expectations, estimates and forecasts, and statements as to management's intentions and expectations with respect to, among other things, positive exploration results at the Lemon Lake project. FLI involves numerous risks and uncertainties, and are based on assumptions, and actual results might differ materially from results suggested in any FLI. These risks and uncertainties include, among other things, the availability of financing to continue exploration activities, the availability and cost of qualified exploration personnel and service providers, and that future exploration results at the Lemon Lake project will not be as anticipated. In making any FLI in this news release, the Company has applied several material assumptions, including without limitation, that future exploration results at the Lemon Lake project will be as anticipated. Although management has endeavored to evaluate and use reasonable assumptions and to identify important factors that could cause actual results to differ materially from those contained in FLI, these assumptions may prove incorrect and there may be other factors that cause results not to be as intended, expected, anticipated or estimated. There can be no assurance that FLI will prove to be accurate, and actual results and future events could differ materially from those expressed in FLI. Accordingly, readers should not place undue reliance on FLI, and are further cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any FLI expressed or incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
SOURCE: Prospect Ridge Resources Corp
View the original press release on ACCESS Newswire
FAQ
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When does Prospect Ridge plan to begin diamond drilling at its properties?
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