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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.
On February 8, 2023, Prospect Ridge Resources Corp. (CSE: PRR, OTC: PRRSF) announced the acquisition of 100% of the Holy Grail property, located 10 km northeast of Terrace, BC. This strategic purchase expands the company's control to 730 square kilometers in the region, enhancing exploration flexibility. The Net Smelter Royalties (NSR) on the property have been adjusted; Loan Wolf Exploration Ltd. and Knauss Creek Mines Ltd. both hold 1.5% NSRs, with options for 1% purchases at $1 million. Furthermore, Jasmine Lau has been appointed as the new CFO, bringing extensive experience in the resource sector.
On January 26, 2023, Prospect Ridge Resources Corp. announced encouraging results from its Knauss Creek property, located 35 km northeast of Terrace, BC. Grab samples showed significant mineralization, with highlights including:
- 69.3 g/t Au, 331 g/t Ag, 5.78% Cu from sample C363284 (Copper Ridge).
- 2.8 g/t Au, 974 g/t Ag, 33.3% Pb from sample C363277 (Hugin).
The results indicate a promising gold-silver anomaly over a 60 m length at the Hugin showing. The company is optimistic about further exploration, aiming to reveal more potential in the underexplored region of British Columbia.
Prospect Ridge Resources Corp. (CSE: PRR, OTC: PRRSF) has successfully completed its earn-in of a 100% interest in the Knauss Creek property, located northeast of Terrace, BC. The company incurred all $1M of exploration expenditures required within the first year of the agreement and issued 700,000 shares accordingly. Knauss Creek covers approximately 3190 hectares, containing notable showings like the Dorreen Mine and Jay Veins. Prospect Ridge is currently compiling results from its recent exploration efforts.
Prospect Ridge Resources Corp. has initiated drilling at its Knauss Creek property, located 10 km north of Terrace, BC. This project aims to explore the Jay veins and the historic Dorreen zone, a former high-grade gold mine. Drilling commenced last week, with operations running 24/7 to collect core samples. CEO Michael Iverson and President Yan Ducharme oversee the process, ensuring a steady flow of samples for analysis. The Knauss Creek and Holy Grail properties cover 730 square kilometers and are significant due to their historical gold occurrences.
Prospect Ridge Resources Corp. (CSE: PRR; OTC: PRRSF) has received drilling permits for its Knauss Creek and Holy Grail properties in British Columbia. Following a successful 2021 field season yielding high-grade gold, silver, copper, lead, and zinc results, the company has prioritized drill targets, including the historical Dorreen gold mine. Drilling is set to commence immediately with 24-hour operations planned. The properties cover 730 square kilometers and are strategically located near high-potential geological formations.
Prospect Ridge Resources Corp. (CSE: PRR, OTC: PRRSF) announced the appointment of Yan Ducharme as President and Nicholas Luksha as Executive Vice President, effective June 6, 2022. The company has commenced its 2022 field operations, focusing on the Holy Grail and Knauss Creek properties in British Columbia. Crews are executing an aggressive sampling program to identify high-grade gold, silver, and other metal targets, with drilling expected to start this summer. Ducharme brings over 25 years of exploration experience, enhancing the company's leadership and operational capabilities.
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.
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