Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Flashback: Top five wildest moments from Elon Musk’s...
Less than half of DOGE-terminated contracts can be...
Jill Biden should have to answer for ‘cover...
DOGE staffing shakeup as Elon Musk hangs up...
State Dept says DOGE’s changes will be permanent...
President Trump teases ‘last day, but not really’...
Trump denounces court’s ‘political’ tariff decision, calls on...
I’m a physician and I’m worried that our...
Inside the late-night drama that led to Trump’s...
Alleged attempt to impersonate White House chief of...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

PROSPECT RIDGE COMMENCES INAUGURAL DRILLING PROGRAM AT THE COPPER RIDGE ZONE OF ITS KNAUSS CREEK PROPERTY

by admin August 6, 2024
August 6, 2024
PROSPECT RIDGE COMMENCES INAUGURAL DRILLING PROGRAM AT THE COPPER RIDGE ZONE OF ITS KNAUSS CREEK PROPERTY

Prospect Ridge Resources Corp . (the ‘ Company ‘ or ‘ Prospect Ridge ‘) (CSE: PRR) (OTC: PRRSF) (FRA: OED) is pleased to announce the commencement of an inaugural drilling program at the Copper Ridge zone within its flagship Knauss Creek property, located south of the Golden Triangle, near Terrace in British Columbia .

The drill program will test high-priority targets inside the Copper Ridge zone which covers an area of 1,550 metres by 850 metres. Identified through extensive prospecting and surface sampling, which includes outcrop samples with values of up to 78.9 g/t Au, 4610g/t Ag and 29.4% copper, the Copper Ridge zone is a north-south oriented quartz veins system mineralized in gold, silver and copper hosted in an intrusion.

‘This inaugural drill program on the Copper Ridge zone marks a pivotal milestone for the Company, building on our extensive exploration efforts that have yielded exceptional high-grade samples,’ commented Michael Iverson , CEO of Prospect Ridge. ‘With more than $5 million in the treasury, we are well-financed to test this huge surface discovery and try to turn it into a deposit. This is an exciting time for the Prospect Ridge team and the shareholders. We look forward to sharing results from what we anticipate will be great drilling season!’

Key Program Highlights:

A 2,000 metres minimum program is now underway at Knauss Creek’s Copper Ridge zone located south of the Golden Triangle, 35 kilometres north of Terrace , along the Trans-Canadian Highway; Drilling will focus on the largest clusters of high-grade outcrop samples obtained through prospecting and aim to intersect the mineralized system at depth;

Initial assay results should start arriving from the laboratory toward the end of the third quarter of 2024.

Cautionary statements

Outcrop samples are selective by nature and grades may not be representative of mineralized zones. True thickness or mineralization style and geological models cannot be determined with the information currently available.

Qualified Person

All scientific or technical information included in this news release has been reviewed, verified and approved by Yan Ducharme , P.Geo., President of the Company and a qualified person as defined by National Instrument 43-101.

About Prospect Ridge Resources Corp.

Prospect Ridge Resources Corp. is a British Columbia based exploration and development company focused on gold exploration. Prospect Ridge’s management and technical team cumulate over 100 years of mineral exploration experience and believes the Knauss Creek and the Holy Grail properties to have the potential to extend the boundaries of the Golden Triangle to cover this vast under-explored region.

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 that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘ intends ‘ or ‘ anticipates’ , or variations of such words and phrases or statements that certain actions, events or results ‘ may’, ‘ could ‘, ‘ should ‘, ‘ would ‘ or ‘ occur ‘ . This information and these statements, referred to herein as ‘forward-looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things, positive exploration results at the Knauss Creek and Holy Grail projects and the Company’s use of proceeds from the Private Placement. These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, that future exploration results at the Knauss Creek and Holy Grail projects will not be as anticipated and that the Company will use the proceeds from the Private Placement as anticipated.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that future exploration results at the Knauss Creek and Holy Grail projects will be as anticipated and that the Company will use the proceeds from the Private Placement as anticipated.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

View original content to download multimedia: https://www.prnewswire.com/news-releases/prospect-ridge-commences-inaugural-drilling-program-at-the-copper-ridge-zone-of-its-knauss-creek-property-302215197.html

SOURCE Prospect Ridge Resources Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2024/06/c4599.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

previous post
Warren Buffett’s Berkshire Hathaway sold nearly half its stake in Apple
next post
Nuclear Fuels Increases Private Placement; enCore Energy Corp. to Maintain Pro-Rata Ownership

You may also like

Precious Metals & Critical Minerals Hybrid Investor Conference:...

May 26, 2025

Finlay Minerals Appoints an Executive Chairman, President &...

May 13, 2025

Alvopetro Announces January 2025 Sales Volumes, Quarterly Natural...

February 5, 2025

Newmont to Sell Éléonore Gold Mine in Québec...

November 27, 2024

Argentina Lithium Announces 225-metre Lithium Brine Interval at...

January 29, 2025

Extension of Broker Option and Retail Offer

February 22, 2025

QXR Secures Option to Additional Prospective US Lithium...

September 26, 2024

Keith Weiner: Key Gold Price Driver Has Changed...

October 25, 2024

Grant of Mine Operating Permit

October 8, 2024

Tech 5: Bitcoin Hits All-time High, Tech Stocks...

November 9, 2024

Recent Posts

  • Flashback: Top five wildest moments from Elon Musk’s DOGE tenure as it comes to an end
  • Less than half of DOGE-terminated contracts can be publicly tracked, only about a quarter of grants: watchdog
  • Jill Biden should have to answer for ‘cover up’ of former president’s decline, White House says
  • DOGE staffing shakeup as Elon Musk hangs up his hat, White House confirms
  • State Dept says DOGE’s changes will be permanent amid Musk’s departure

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (751)
    • Investing (2,211)
    • Politics (2,729)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.