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PROSPECT RIDGE RES CORP - PRRSF STOCK NEWS

Welcome to our dedicated page for PROSPECT RIDGE RES news (Ticker: PRRSF), a resource for investors and traders seeking the latest updates and insights on PROSPECT RIDGE RES stock.

Prospect Ridge Resources Corp. (PRRSF) is a British Columbia based exploration and development company with a focus on gold, silver, and copper exploration. The company's flagship properties, Knauss Creek and Holy Grail, hold significant potential in the under-explored region near Terrace, BC. With over 100 years of cumulative mineral exploration experience, Prospect Ridge is dedicated to extending the boundaries of the Golden Triangle through its exceptional geological potential.

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Prospect Ridge Resources Corp. (CSE: PRR) (OTC: PRRSF) has successfully completed its inaugural drilling program at the Copper Ridge zone within the Knauss Creek property, near Terrace, British Columbia. The program included 2,229 metres in nine drill holes, designed to test high-priority targets identified through previous prospecting and surface sampling.

Key highlights include:

  • Drilling focused on areas with high vein density and high-grade outcrop samples
  • Assay results expected to begin arriving in the next six weeks
  • Drill holes confirmed mineralized quartz veins and revealed mineralization in the host rock
  • Company remains well-funded after completing a $5.2 million private placement

A total of 1,914 samples have been submitted for multi-element analysis. The company expects to use the data collected from these first-ever drill holes to inform the next steps in its exploration program at Knauss Creek.

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Prospect Ridge Resources Corp. (CSE: PRR) (OTC: PRRSF) has launched its inaugural drilling program at the Copper Ridge zone within its Knauss Creek property near Terrace, British Columbia. The program aims to test high-priority targets in an area spanning 1,550 by 850 meters, where previous surface sampling yielded impressive results of up to 78.9 g/t Au, 4610 g/t Ag, and 29.4% copper. The company plans a minimum of 2,000 meters of drilling, focusing on the largest clusters of high-grade outcrop samples. With over $5 million in treasury from a recent oversubscribed private placement, Prospect Ridge is well-funded for this exploration. Initial assay results are expected by the end of Q3 2024.

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Prospect Ridge Resources Corp. (CSE: PRR) (OTC: PRRSF) has successfully closed its oversubscribed private placement, raising total gross proceeds of $5,218,847.24. The final tranche consisted of 2,912,500 NFT Units at $0.16 each and 7,717,441 FT Units at $0.18 each, totaling $1,855,139.38. The company paid $100,801.38 in finder fees and issued finder warrants. Insiders participated in the final tranche, acquiring approximately 0.41% of the issued common shares. The proceeds will fund exploration on the Knauss Creek and Holy Grail Properties, corporate development, and working capital. The FT Placement proceeds will be used for Canadian Exploration Expenses qualifying as flow-through mining expenditures.

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On May 22, 2024, Prospect Ridge Resources announced new high-grade discoveries on their Holy Grail property, situated near Terrace, BC. The field team discovered notable mineral showings at Golden Bowl and Temple, and high-grade results on Mount Garland and Wesach mountain. Noteworthy samples included 9.99 g/t Au, 183 g/t Ag, and 1.81% Cu from Golden Bowl, and 8.16 g/t Au, 137 g/t Ag, and 14.8% Cu from Temple. These findings highlight significant geological potential around the Copper Ridge zone and Leon's Legacy showings. The company plans to commence drilling in summer 2024.

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Prospect Ridge Resources Corp. announces a northwestern extension of the Copper Ridge Zone with high-grade gold, silver, and copper results from outcrop samples. The zone now measures 1,550m east-west, 850m north-south, and 470m vertically. Metal zonation varies across the property. CEO Michael Iverson and President Yan Ducharme express optimism for further exploration and a 5,000m surface drilling program.
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Prospect Ridge Resources Corp. announces high-grade gold, silver, and copper results from grab samples at the Copper Ridge zone. The samples were taken at the Company's fully owned flagship Knauss Creek property. The results indicate the potential for significant mineral deposits, boosting investor confidence. The grab samples returned impressive grades, with gold values up to 12.5 g/t, silver values up to 180 g/t, and copper values up to 2.5%. The Company's exploration efforts are yielding positive outcomes, positioning it as a promising investment opportunity.
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Prospect Ridge Resources Corp. (PRR) Grants 500,000 Stock Options to Director
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Prospect Ridge Resources Corp. (PRR) Presents Year-End Recap with Significant Achievements in 2023
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Prospect Ridge Resources Corp. (CSE: PRR) (OTC: PRRSF) (FRA: OED) announces the appointment of Simon Ridgway as Chairman of the board. With extensive experience in the mining sector, Mr. Ridgway's expertise is expected to drive strategic development. CEO Michael Iverson expresses optimism for the company's future under Mr. Ridgway's leadership.
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Prospect Ridge Resources Corp. (CSE: PRR) (OTC: PRRSF) (FRA: OED) Announces High-Grade Outcrop Samples at Knauss Creek Property
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FAQ

What is the current stock price of PROSPECT RIDGE RES (PRRSF)?

The current stock price of PROSPECT RIDGE RES (PRRSF) is $0.081 as of October 15, 2024.

What is the market cap of PROSPECT RIDGE RES (PRRSF)?

The market cap of PROSPECT RIDGE RES (PRRSF) is approximately 6.7M.

What is Prospect Ridge Resources Corp. focused on?

Prospect Ridge Resources Corp. is primarily focused on gold, silver, and copper exploration with its flagship properties, Knauss Creek and Holy Grail, holding significant potential in the under-explored region near Terrace, BC.

Where are the flagship properties of Prospect Ridge Resources Corp. located?

The flagship properties, Knauss Creek and Holy Grail, are located near the town of Terrace in British Columbia, Canada.

What sets Prospect Ridge Resources Corp. apart?

With over 100 years of cumulative mineral exploration experience, Prospect Ridge Resources Corp. has a dedicated team that believes in extending the boundaries of the Golden Triangle through their exceptional geological potential in the under-explored region.

What is the primary goal of Prospect Ridge Resources Corp.?

Prospect Ridge Resources Corp. aims to explore and develop the gold, silver, and copper resources in its properties, contributing to the growth of the mining industry in the region.

Who leads Prospect Ridge Resources Corp.?

The company is led by a team of experts with vast experience in mineral exploration, including President Yan Ducharme, who is a qualified person as defined by National Instrument 43-101.

What achievements have marked the recent progress of Prospect Ridge Resources Corp.?

Recent achievements include significant discoveries at the Copper Ridge zone, high-grade samples from various locations, and the unveiling of new showings on the Holy Grail property.

What regions does Prospect Ridge Resources Corp. operate in?

The company operates primarily in British Columbia, Canada, focusing on the exploration of gold, silver, and copper resources in the under-explored regions near Terrace.

How can investors benefit from Prospect Ridge Resources Corp.?

Investors can benefit from the growth potential of Prospect Ridge Resources Corp. as the company continues to explore and develop its properties, potentially uncovering valuable mineral resources in the region.

What is the significance of the recent high-grade samples obtained by Prospect Ridge Resources Corp.?

The high-grade samples obtained by the company underscore the geological richness of its land package and the expertise of its field team in discovering valuable mineral resources across its properties.

What future plans does Prospect Ridge Resources Corp. have for its exploration activities?

The company plans to initiate surface drilling programs, explore new areas of interest, and continue prospecting to unearth potential discoveries in its under-explored land package.

PROSPECT RIDGE RES CORP

OTC:PRRSF

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PRRSF Stock Data

6.69M
79.57M
4.93%
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