TERRACE – Prospect Ridge Resources Corp. (CSE: PRR) (OTC: PRRSF) (FRA: OED) announced that the drilling has begun on the flagship Knauss Creek property located 10 km North of Terrace, BC.
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.
Michael Iverson, CEO states, “After great anticipation, we are pleased to announce we have commenced drilling. The drill is spinning 24/7 providing us with core samples to send to the labs as soon as possible. Yan and I will be on location guiding the team from target to target to optimize our efforts. We look forward to the potential great success this property holds.”
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.
The Holy Grail and Knauss properties start about 10 kilometers north of Terrace and they are easily accessible by two highways and a network of logging roads. They are contiguous and form a horseshoe covering about 730 square kilometers.
The southern tip of the Golden Triangle arrives just northwest of the properties. The Bower Lake and the Hazelton Groups hosting most of the deposits and mines of this area are also underlying the Holy Grail and Knauss Creek properties.
A few gold, silver, copper, lead and zinc occurrences where found in the past. The most notable is the Dorreen mine where three levels were developed and, according to historical documents, around 700 tons of ore were mined out at an average grade of more than 10 g/t Au.
The properties hold more than 10 very interesting gold showings, sometimes with silver, copper, lead and zinc.
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 Holy Grail and Knauss Creek properties to have the potential to extend the boundaries of the Golden Triangle to cover this vast under-explored region.
