PROSPECT RIDGE RESOURCES ANNOUNCES COMPLETION OF A LIDAR SURVEY OVER THE MAJORITY OF THE HOLY GRAIL DISTRICT
Prospect Ridge Resources Corp. has completed a lidar (light detection and ranging) survey over 33,000 hectares on the Holy Grail property. The company plans to complete addition surveys in the future to cover the entire property. The lidar survey will provide a detailed photogrammetric and topographic map with high-resolution 3-D imagery at a two-centimetre accuracy. The survey will be a key tool in exploration, improving field work planning, the delineation of drill targets and streamlining the target generation process. For target generation, the survey will be a critical tool in the identification of old workings and structural mapping by remote sensing. Multiple methods will be applied to assist in the mapping of structural folds, fault planes, size, persistence, spatial variations and numbers of the rock discontinuities on the property. Much of the gold and silver mineralization identified to date is structurally controlled and occurs in the proximity to regional faults and associated structures as intrusion-related veins, stockwork and breccias with mineralization persisting through all intersected lithologies.
Fieldwork is still under way on the Holy Grail. The ability to work 365 days a year is a great advantage to the company’s team, vectoring in on what appears to be driving all the visible gold, multi-ounce silver and percentage copper, lead, zinc and tungsten in so many locations spread over hundreds of square kilometres, Prospect Ridge will be releasing results continuously as results become available.
Michael Iverson, chief executive officer, states: “We are quickly building a deeper understanding of the geology and mineralization at the Holy Grail district. The recently completed lidar survey is just another important tool available to our team. Most of the gold mineralization on the property appears to be structurally controlled and lidar will assist the ground teams identify new potential targets in areas under cover, applying the fingerprint of the showings already identified to date.”
Qualified person
All scientific or technical information included in this news release has been reviewed, verified and approved by Rein Turna, PGeol, a consultant to the company and a qualified person as defined by National Instrument 43-101.
About Holy Grail
The Holy Grail property is 10 kilometres outside of Terrace within 45 km from smelter and deep sea port; the property is easily accessible, bounded by two highways with CN rail, high-tension power crossing the property and a network of logging roads over approximately 80 per cent of the property which will make for a very cost-effective exploration and strong feasibility. Some of the key areas are located below tree line and can be worked nearly year-round.
The Holy Grail district-sized package now contains over 80,000 hectares. The property was selected based on regional geological, structural and geochemical resemblances that coincide with mineralization 50 km northwest in the Golden Triangle. The company believe the project has the potential for a district-scale hydrothermal system and will extend the boundaries of the Golden Triangle to cover this vast underexplored region.
Agreement for promotional activities
The company also announces that it has entered into an agreement for advertising and promotional services with Sideways Frequency LLC (the consultant) dated Nov. 22, 2021 (the agreement). The agreement is for a term of three months, ending Feb. 22, 2022.
Pursuant to the agreement, the consultant will provide marketing and advertising services on websites and through e-mail communications, for which the consultant will be compensated $150,000.
The name and address of the person conducting the promotional activity is Wesley De Souza, 327 Plaza Real, site 319, Boca Raton, Fla., 33432 (e-mail: wes@sidewaysfrequency.com/phone number: 801-692-0356).
About Prospect Ridge Resources Corp.
Prospect Ridge Resources is a B.C.-based exploration and development company focused on strategic mineral exploration in Canada concurrently with developing a location in British Columbia and Quebec. Prospect Ridge’s technical team and management with over 100 combined years of mineral exploration experience believe the Holy Grail to have the potential for a district-scale hydrothermal system and will extend the boundaries of the Golden Triangle to cover this vast underexplored region.
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