The construction of the drill pads and drilling began last week and the first drill hole on the property has been completed. The initial focus is in the area of the Jay veins, which will be followed by the historic Dorreen zone that was a past producing high-grade gold mine. The drilling will be conducted on a 24 hours per day/7 days per week schedule, until the campaign is complete. Under the direct supervision of CEO, Michael Iverson, and President, Yan Ducharme, the drilling and prospecting teams will be collecting a steady stream of samples that will be sent to the laboratory for analysis on a regular basis.
PRR is pleased to announce the appointment of Yan Ducharme as the new company President, Nicholas Luksha as the new Executive Vice President, and the start of the 2022 field operations with prospecting crews picking up where they left off at the end of the 2021 field season.
While the share of the Facebook parent company Meta is already ambitiously valued, the market at Prospect Ridge Resources includes a significant risk buffer.
Sentiment on the stock market continues to cloud over. Investors worry that the US Federal Reserve will fight the sharp rise in inflation by intervening more quickly with several interest rate hikes, causing prices worldwide to plummet. There is hardly any movement on the precious metals market, with gold remaining in the USD 1,800 range. On the other hand, the stock of a next-generation chip producer, which seems ready for the mass market, has moved.
A new company from the precious metals sector is making the rounds. Prospect Ridge Resources (PRR) is a Canadian explorer in the precious metals sector. The Company’s two critical projects are in Terrace, British Columbia and Val d’Or, Quebec.
Prospect Ridge Resources Corp. has entered into a property option agreement with Knauss Creek Mines Ltd. dated Nov. 3, 2021, pursuant to which the company has acquired an option to purchase a 100-per-cent interest in a single block of 35 mineral claims covering approximately 3,152.2 hectares collectively known as the Knauss Creek property.
Prospect Ridge Resources Corp.’s common shares are now eligible for electronic clearing and settlement through The Depository Trust company (DTC) in the United States. The company’s common shares are quoted in the United States on the OTC Pink under the symbol PRRSF.
VANCOUVER, Oct. 29, 2021 (GLOBE NEWSWIRE) – (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”).
Further to the news release dated Aug. 27, 2021, Prospect Ridge Resources Corp. has closed its 35-cent unit private placement for gross proceeds of approximately $6-million. The Company issued 17,142,856 units (the “Units”), with each unit consisting of one common share in the capital of the Company (a “Share”) and one-half of one Share purchase warrant (a “Warrant”).
Prospect Ridge Resources Corp. has entered into a property option agreement with Loan Wolf Exploration Ltd. dated Aug. 26, 2021, pursuant to which the company has acquired options to purchase a 100-per-cent interest in and to certain mineral claims and placer claims collectively known as the Holy Grail property.