Prospect Ridge Sources Corp. (the “Firm” or “Prospect Ridge”) (CSE: PRR) (OTC: PRRSF) (FRA: OED) is happy to announce many new discoveries on the Holy Grail property. Excessive-grade samples had been obtained simply west of our Knauss Creek property within the neighborhood of the Copper Ridge zone and Leon’s Legacy showings. Different high-grade outcomes on the western limb of the property are positioned on Mount Garland and the Wesach mountain. The totally owned Holy Grail property, begins roughly 10 km north of Terrace, British Columbia.
The previous couple of days of the 2023 prospecting program gave us a shock when the sphere group determined to step out of Copper Ridge and go on the Holy Grail property facet. This led to the invention of two new showings named Golden Bowl and Temple positioned roughly 1.5 km to the west and a pair of.5 km to the northwest respectively. On the western limb of the property, the summer season of 2023 outcomes are outlining two clusters of samples returned high-grade outcomes, one on Mount Garland and one on the Wesach mountain (Determine 1).
Highlights from outcrop samples:
Golden Bowl
- 9.99 g/t Au, 183 g/t Ag, 1.81% Cu, 7.4% Pb and 0.17% Zn (W500082)
- 8.35 g/t Au, 63 g/t Ag, 0.44% Cu, 3.5% Pb and 0.35% Zn (W386369)
Temple
- 8.16 g/t Au, 137 g/t Ag and 14.8% Cu (W500697)
- 0.18 g/t Au, 94 g/t Ag and 4.6% Cu (W500698)
- 0.08 g/t Au, 22 g/t Ag and 5.9% Cu (W500696)
Mount Garland
- 7.9% Cu, 634 g/t Ag and 0.7% Zn (W387642, erratic block)
- 5.1% Cu, 0.11 g/t Au, 14 g/t Ag and (W489403)
- 2.2% Cu and 98 g/t Ag (W489406)
- 2.1% Cu, 61 g/t Ag and 0.23% Zn (W489408)
Wesach mountain
- 5.43 g/t Au, 9 g/t Ag, 0.22% Pb and 0.47% Zn (W501823)
- 1.13 g/t Au, 102 g/t Ag, 3.27% Pb and a pair of.57% Zn (W502285)
Prospect Ridge CEO Michael Iverson commented, “I’m thrilled with these new discoveries. Our exploration efforts have unveiled exceptional finds all through the 2023 summer season underscoring the richness of our land bundle and the abilities of our area group. These new showings on the Holy Grail are confirming the extraordinary geological potential within the Terrace space south of the Golden Triangle.”
Prospect Ridge President Yan Ducharme added, “The Golden Bowl and Temple new discoveries are including items to the puzzle connecting beforehand found Copper Ridge and Leon’s Legacy. These polymetallic veins stand as a testomony to the hardly tapped potential of this underexplored land bundle, hinting quite a few future discoveries to be unearthed. All of the mountains of the western reaches of the Holy grail have delivered high-grade showings usually inside a cluster of decrease grade rocks. Summer time 2024 will see us provoke the primary drill holes on the Copper Ridge zone and we are going to decide up prospection the place we left off.”
Japanese a part of Holy Grail
Prospection roughly 1.5 km west of the Copper Ridge zone, in a topographic bowl, led to the invention of a quartz vein containing 9.99 g/t Au, 183 g/t Ag, 1.81% Cu, 7.44% Pb and 0.17% Zn (W500082). Forty meters from it, one other vein with 8.35 g/t Au, 63 g/t Ag, 0.44% Cu, 3.5% Pb and 0.35% Zn (W386369) was sampled. Extra mineralized veins had been sampled on the backside of the bowl, whereas two erratic blocks and a vein had been sampled on the flank of it. The veins of this Golden Bowl displaying are hosted in an intrusion.
Roughly 2.5 km northwest of the Copper Ridge zone and 1 km south of the Leon’s Legacy, 8.16 g/t Au, 137 g/t Ag and 14.8% Cu (W500697) was obtained on a quartz vein. Inside 50 meters, two different samples gave 0.08 g/t Au, 22 g/t Ag and 5.92% Cu (W500696) and 0.18 g/t Au, 94 g/t Ag and 4.55% Cu (W500698). Extra mineralized samples had been taken within the neighborhood and are a part of the Temple displaying.
Western a part of Holy Grail
The northern flank of Mount Garland is definitely accessible by logging roads. The prospecting works led to the sampling of many quartz veins with chalcopyrite and malachite which incorporates primarily copper and silver, but additionally occasional gold and zinc occurrences. The perfect outcomes had been obtained from an erratic block, taken on a talus, which yield 7.91% Cu and 634 g/t Ag (W387642). Different in situ veins had been sampled and gave 5.07% Cu, 0.11 g/t Au, 14 g/t Ag (W489403), 2.20% Cu, 98 g/t Ag (W489406) and a pair of.09% Cu, 61 g/t Ag (W489408). These samples are a part of a cluster overlaying an space of three.5 km by 1.5 km of mineralized veins and blocks. The alpine a part of Mount Garland has not been prospected but.
Determine 1: Location map with new showings.
Determine 2: Finest new values obtained on the Holy Grail through the summer season 2023 area program.
Prospecting on the southern facet of the Wesach mountain, uphill of the Wesach Creek, led to the invention of many quartz veins bearing gold, silver, lead and zinc. Pattern W501823 incorporates 5.43 g/t Au, 8.5 g/t Ag, 0.22% Pb and 0.47% Zn and pattern W502285 incorporates 1.13 g/t Au, 102 g/t Ag, 3.27% Pb and a pair of.57% Zn. A cluster of mineralized samples covers an space of 400 m by 400 m. Some sampled erratic blocks returned copper, gold and silver values. The supply has but to be discovered.
|
Pattern |
Easting1 |
Northing1 |
Au (g/t) |
Ag (g/t) |
Cu (%) |
Pb (%) |
Zn (%) |
AuEq g/t2 |
|
Golden Bowl |
||||||||
|
W386366 |
537645 |
6070688 |
0.526 |
23.8 |
0.686 |
0.008 |
0.002 |
1.784 |
|
W386368 |
537655 |
6070699 |
0.089 |
5.1 |
0.336 |
0.001 |
0.003 |
0.626 |
|
W386369 |
537643 |
6070822 |
8.350 |
63.2 |
0.438 |
3.500 |
0.345 |
11.100 |
|
W4894713 |
537202 |
6070540 |
0.704 |
2.3 |
0.004 |
0.146 |
0.029 |
0.800 |
|
W4894723 |
537273 |
6070565 |
0.018 |
5.1 |
0.385 |
0.001 |
0.007 |
0.625 |
|
W489473 |
537274 |
6070607 |
1.130 |
0.8 |
0.016 |
0.147 |
0.005 |
1.216 |
|
W497153 |
537570 |
6070674 |
1.940 |
1.6 |
0.002 |
0.001 |
0.005 |
1.964 |
|
W500081 |
537650 |
6070693 |
0.022 |
7.5 |
0.421 |
0.000 |
0.005 |
0.708 |
|
W500082 |
537628 |
6070782 |
9.990 |
183 |
1.810 |
7.440 |
0.173 |
17.442 |
|
Temple |
||||||||
|
W489476 |
536364 |
6072676 |
0.026 |
2.2 |
0.107 |
0.000 |
0.006 |
0.206 |
|
W4894773 |
536329 |
6072483 |
0.346 |
3.4 |
0.413 |
0.000 |
0.001 |
0.970 |
|
W500695 |
536538 |
6072489 |
0.247 |
13.7 |
0.753 |
0.001 |
0.011 |
1.479 |
|
W500696 |
536549 |
6072472 |
0.080 |
22 |
5.920 |
0.001 |
0.008 |
8.693 |
|
W500697 |
536549 |
6072470 |
8.160 |
137 |
14.800 |
0.010 |
0.008 |
30.682 |
|
W500698 |
536586 |
6072438 |
0.180 |
94.1 |
4.550 |
0.002 |
0.008 |
7.734 |
|
Golden Bowl and Temple space |
||||||||
|
W386365 |
536699 |
6071100 |
0.336 |
5.3 |
0.013 |
0.002 |
0.000 |
0.419 |
|
W489470 |
536759 |
6071107 |
0.696 |
7.4 |
0.001 |
0.004 |
0.000 |
0.788 |
|
W496077 |
535736 |
6073154 |
0.002 |
0.3 |
0.070 |
0.000 |
0.008 |
0.107 |
|
W496079 |
536149 |
6073403 |
0.037 |
1.7 |
0.158 |
0.000 |
0.007 |
0.283 |
|
W500651 |
536677 |
6071905 |
0.002 |
1.9 |
0.031 |
0.120 |
0.008 |
0.114 |
|
W500652 |
536663 |
6071893 |
0.258 |
45.1 |
0.005 |
1.520 |
0.002 |
1.347 |
|
W500657 |
536574 |
6071821 |
0.016 |
6.8 |
0.057 |
0.026 |
0.000 |
0.188 |
|
W500658 |
536661 |
6071839 |
0.089 |
17.1 |
0.021 |
0.008 |
0.003 |
0.329 |
|
Mount Garland |
||||||||
|
W3876423 |
520095 |
6066782 |
0.037 |
634 |
7.910 |
0.083 |
0.703 |
19.153 |
|
W387643 |
520155 |
6066561 |
0.008 |
4.3 |
0.079 |
0.002 |
0.008 |
0.175 |
|
W3876443 |
520004 |
6066702 |
0.027 |
3.4 |
0.140 |
0.000 |
0.007 |
0.268 |
|
W387645 |
520050 |
6066573 |
0.002 |
1.6 |
0.079 |
0.000 |
0.007 |
0.135 |
|
W489394 |
521080 |
6067474 |
0.002 |
3.4 |
0.091 |
0.000 |
0.001 |
0.172 |
|
W4893953 |
521268 |
6066970 |
0.002 |
4.7 |
0.182 |
0.001 |
0.015 |
0.322 |
|
W4893963 |
521266 |
6066972 |
0.017 |
0.8 |
0.067 |
0.000 |
0.002 |
0.122 |
|
W489397 |
520566 |
6067623 |
0.087 |
13 |
1.140 |
0.000 |
0.007 |
1.854 |
|
W489398 |
520557 |
6067625 |
0.073 |
5.8 |
0.294 |
0.000 |
0.002 |
0.558 |
|
W489399 |
521361 |
6066538 |
0.013 |
4.2 |
0.117 |
0.001 |
0.007 |
0.232 |
|
W489400 |
521390 |
6066436 |
0.009 |
14.6 |
0.673 |
0.000 |
0.002 |
1.135 |
|
W4894023 |
521647 |
6066024 |
0.025 |
3.7 |
0.196 |
0.000 |
0.007 |
0.349 |
|
W489403 |
521717 |
6065912 |
0.112 |
13.9 |
5.070 |
0.000 |
0.011 |
7.430 |
|
W489405 |
522375 |
6067175 |
0.002 |
4.3 |
0.055 |
0.011 |
0.015 |
0.141 |
|
W489406 |
522612 |
6066938 |
0.011 |
98.4 |
2.200 |
0.035 |
0.053 |
4.334 |
|
W489407 |
522667 |
6066898 |
0.005 |
40 |
0.305 |
0.013 |
0.303 |
1.042 |
|
W489408 |
522725 |
6066802 |
0.035 |
60.6 |
2.090 |
0.051 |
0.232 |
3.822 |
|
W496060 |
520312 |
6067914 |
0.006 |
2.3 |
0.134 |
0.000 |
0.003 |
0.224 |
|
W496061 |
520318 |
6067908 |
0.002 |
8.6 |
0.191 |
0.000 |
0.002 |
0.376 |
|
W496064 |
519201 |
6067566 |
0.108 |
2.7 |
0.124 |
0.000 |
0.002 |
0.316 |
|
W5000533 |
522163 |
6067074 |
0.008 |
55.1 |
0.011 |
0.032 |
0.010 |
0.705 |
|
W500055 |
520461 |
6067513 |
0.026 |
5.3 |
0.004 |
0.021 |
0.012 |
0.108 |
|
W500635 |
520166 |
6067722 |
0.002 |
31.1 |
0.358 |
0.019 |
0.052 |
0.910 |
|
W5022773 |
521175 |
6066358 |
0.002 |
7.8 |
0.001 |
0.009 |
0.000 |
0.101 |
|
W502278 |
521097 |
6066216 |
0.002 |
1.8 |
0.105 |
0.001 |
0.009 |
0.176 |
|
W5022793 |
521088 |
6066208 |
0.002 |
2.3 |
0.135 |
0.001 |
0.010 |
0.224 |
|
W5022813 |
521040 |
6066269 |
0.005 |
4.5 |
0.320 |
0.000 |
0.006 |
0.513 |
|
W502283 |
521121 |
6066020 |
0.006 |
4.3 |
0.334 |
0.005 |
0.005 |
0.532 |
|
W502284 |
521110 |
6065993 |
0.006 |
2.0 |
0.076 |
0.003 |
0.002 |
0.139 |
|
Wesach mountain |
||||||||
|
W3847943 |
519537 |
6076197 |
0.009 |
4.8 |
0.254 |
0.002 |
0.002 |
0.427 |
|
W387610 |
519186 |
6076179 |
0.008 |
9.6 |
0.002 |
0.602 |
0.208 |
0.420 |
|
W387611 |
519185 |
6076186 |
0.043 |
14.1 |
0.002 |
0.573 |
0.145 |
0.475 |
|
W387613 |
519182 |
6076193 |
0.031 |
20 |
0.003 |
1.155 |
0.375 |
0.831 |
|
W387614 |
519253 |
6076226 |
0.360 |
36.5 |
0.033 |
1.760 |
0.478 |
1.655 |
|
W387615 |
519260 |
6076230 |
0.169 |
69.7 |
0.007 |
4.380 |
0.998 |
2.955 |
|
W387617 |
518206 |
6075523 |
0.622 |
2.9 |
0.011 |
0.115 |
0.147 |
0.771 |
|
W489359 |
519204 |
6076204 |
0.011 |
4.2 |
0.005 |
0.202 |
1.210 |
0.614 |
|
W489360 |
519186 |
6076204 |
0.073 |
19.6 |
0.003 |
1.150 |
0.568 |
0.942 |
|
W4894093 |
518304 |
6075043 |
0.107 |
10.8 |
0.291 |
0.001 |
0.020 |
0.656 |
|
W4894113 |
519368 |
6075852 |
0.481 |
48.6 |
0.289 |
1.970 |
0.061 |
2.194 |
|
W5006073 |
519194 |
6076234 |
0.079 |
1.8 |
0.261 |
0.002 |
0.005 |
0.471 |
|
W501809 |
519180 |
6075923 |
0.040 |
7.4 |
0.001 |
0.426 |
0.080 |
0.312 |
|
W501823 |
518209 |
6075519 |
5.430 |
8.5 |
0.014 |
0.223 |
0.465 |
5.813 |
|
W502285 |
519190 |
6075944 |
1.130 |
102 |
0.009 |
3.270 |
2.570 |
4.534 |
|
W502287 |
519249 |
6075965 |
0.088 |
0.5 |
0.017 |
0.003 |
0.010 |
0.123 |
|
W502288 |
519238 |
6075961 |
0.028 |
1.2 |
0.020 |
0.027 |
0.064 |
0.105 |
|
W502289 |
519300 |
6075960 |
0.019 |
5.0 |
0.003 |
0.351 |
0.006 |
0.210 |
|
W502292 |
519217 |
6075941 |
1.860 |
1.0 |
0.071 |
0.000 |
0.005 |
1.974 |
|
W5022933 |
519270 |
6075964 |
0.052 |
4.5 |
0.004 |
0.247 |
0.262 |
0.302 |
|
W502294 |
519283 |
6075967 |
0.019 |
6.8 |
0.025 |
0.413 |
0.259 |
0.383 |
Desk 1: Finest Outcomes from the Holy Grail floor sampling of summer season 2023.
1: Coordinates in meters UTM Nad83 Zone 9N
2: Gold equivalents had been calculated with a gold value of $1,750/oz, silver at $21/oz, copper at $3.60/lbs, lead at $0.90/lbs and zinc at $1.00/lbs.
3: Erratic block.
Cautionary statements
Outcrop samples are selective by nature and grades might not be consultant of mineralized zones. True thickness or mineralization model and geological fashions can’t be decided with the knowledge at present out there.
High quality management
Rock samples had been assayed for gold by customary 50 g fire-assaying with atomic absorption end (Au-AA24) or gravimetric end (Au-GRA22) or 1000g metallic screening (Au-SCR24) at ALS Canada in Terrace, British Columbia. The samples had been additionally assayed for 35 metals from an aqua regia digestion with ICP-AES end (ME-ICP41). For samples with overlimit ends in silver, copper, lead and zinc, aqua regia with ICP end was used (OG46 ore grade). A high quality assurance/high quality management program has been applied and consists of inserting requirements regularly within the samples stream.
Certified Particular person
All scientific or technical info included on this information launch has been reviewed, verified and permitted by Yan Ducharme, P.Geo., President of the Firm and a certified particular person as outlined by Nationwide Instrument 43-101. This information launch was written by Yan Ducharme.
In regards to the Holy Grail property
The totally owned Holy Grail begins roughly 10 kilometres north of the city of Terrace within the Province of British Columbia, Canada. It’s simply accessible by the Transcanadian freeway, the Nisga’a freeway and a community of logging roads. It covers about 700 sq. kilometres and is contiguous to our totally owned Knauss Creek property.
A number of gold, silver, copper, lead and zinc occurrences had been found prior to now. Virtually all of the creeks draining the property had been exploited in some unspecified time in the future and alluvial gold was recovered.
In the course of the 2023 area season, the Firm continued exploring this large land bundle which incorporates many showings of curiosity.
The southern tip of the Golden Triangle is positioned instantly northwest of the PRR properties. The Bowser Lake and the Hazelton Teams internet hosting a lot of the deposits and mines of this space are additionally underlying the Knauss Creek and Holy Grail properties.
About Prospect Ridge Sources Corp.
Prospect Ridge Sources Corp. is a British Columbia based mostly exploration and growth firm targeted on gold, silver and copper exploration. Prospect Ridge’s administration and technical group cumulate over 100 years of mineral exploration expertise and believes the Knauss Creek and the Holy Grail properties, close to the city of Terrace BC, to have the potential to increase the boundaries of the Golden Triangle to cowl this huge under-explored area.
Contact Data
Prospect Ridge Sources Corp.
Mike Iverson
E mail: mike.iverson@prospectridgeresources.com
Phone: 604-351-3351
Neither the Canadian Securities Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the Canadian Securities Trade) accepts duty for the adequacy or accuracy of this launch.
This launch contains sure statements and data which will represent forward-looking info throughout the which means of relevant Canadian securities legal guidelines. Ahead-looking statements relate to future occasions or future efficiency and replicate the expectations or beliefs of administration of the Firm concerning future occasions. Usually, forward-looking statements and data might be recognized by way of forward-looking terminology reminiscent of “intends” or “anticipates”, or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “might”, “might”, “ought to”, “would” or “happen”. This info and these statements, referred to herein as “forward-looking statements”, are usually not historic info, are made as of the date of this information launch and embrace with out limitation, statements concerning discussions of future plans, estimates and forecasts and statements as to administration’s expectations and intentions with respect to, amongst different issues, constructive exploration outcomes on the Knauss Creek and Holy Grail initiatives and the Firm’s use of proceeds from the Personal Placement. These forward-looking statements contain quite a few dangers and uncertainties and precise outcomes would possibly differ materially from outcomes instructed in any forward-looking statements. These dangers and uncertainties embrace, amongst different issues, that future exploration outcomes on the Knauss Creek and Holy Grail initiatives won’t be as anticipatedand that the Firm will use the proceeds from the Personal Placement as anticipated.
In making the forward-looking statements on this information launch, the Firm has utilized a number of materials assumptions, together with with out limitation, that future exploration outcomes on the Knauss Creek and Holy Grail initiatives might be as anticipated and that the Firm will use the proceeds from the Personal Placement as anticipated.
Though administration of the Firm has tried to determine vital elements that would trigger precise outcomes to vary materially from these contained in forward-looking statements or forward-looking info, there could also be different elements that trigger outcomes to not be as anticipated, estimated or meant. There might be no assurance that such statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking statements and forward-looking info. Readers are cautioned that reliance on such info might not be acceptable for different functions. The Firm doesn’t undertake to replace any forward-looking assertion, forward-looking info or monetary out-look which can be included by reference herein, besides in accordance with relevant securities legal guidelines. We search secure harbor.
