VANCOUVER, Oct. 29, 2021 (GLOBE NEWSWIRE) -- Prospect Ridge Resources Corp. (the "Company" or "Prospect Ridge") (CSE: PRR) (OTCQX: PRRSF) is pleased to provide an update on 2021 exploration work and current plans for the Holy Grail Property (the “Property”). The district-scale property is located 10km north of Terrace, BC, and currently covers approximately 77,000 hectares, bordering the historical Golden Triangle in north-central British Columbia, Canada.
Highlights
- So far, 2021 field crews have collected over 500 rock samples, over 850 soils and cut over 40 meters of channel samples through a systematic property-wide exploration program efficiently rank and generate drilling vectors.
- Key results from rock sampling available in Table 1, with highlights including:
- Sample #A0600805 from the Shock & Awe target containing 49.20 g/t gold, 311.0 g/t silver, 0.09% copper, 2.32% lead, and 1.92% zinc
- Sample #A0600810 from the Shock & Awe target containing 21.20 g/t gold, 17.8 g/t silver, 0.04% copper, 0.85% lead, and 0.23% zinc
- Sample #A0600829 from the 4shore target containing 21.30 g/t gold, 38.3 g/t silver, and 1.62% copper
- Over 50% of assay results are still pending and are expected to be received periodically over the coming months.
- The 2021 program has identified multiple new targets and mapped 7 extensive mineralized zones that cross the Property including samples with visible gold (VG) at four sites.
- Exploration is on-going with field crews active on the Property and continuing 2nd and 3rd pass follow-up programs.
“Despite 14 past-producing high-grade gold, silver and copper hard rock mines and multiple active placer gold operations within the 20-kilometer radius of the Holy Grail Property and having similar geology to many of the projects in the Golden Triangle, this region has seen almost no modern exploration investment,” comments Michael Iverson, CEO. “Results to date have been overwhelmingly encouraging, and despite a very large land package, the team on the ground continues to execute impressively, generating multiple new targets, while systematically advancing the long list of existing ones for potential confirmation drilling.”
https://www.globenewswire.com/news-release/2021/10/29/2323868/0/en/Prospect-Ridge-Resources-Samples-49-2-g-t-Gold-with-Visible-Gold-in-Rocks-and-Confirms-Multiple-Precious-Metal-and-Polymetallic-Targets-on-the-Newly-Acquired-Holy-Grail-Property-in.html