2022 has started off with the Company in a very strong position following a successful 2021 with the continuation of prospecting and compiling our data throughout the winter in preparation for drilling set to start immediately when our permits are in place. Drilling permits are expected to be received over the next couple of months, and the Company has a drill on standby for immediate execution on multiple locations that are drill-ready. The team is very excited across the board.
Around 50% of the assays from 2021 are still pending and expected to return steadily over the coming months, with some of the samples showing visible gold. We look forward to them with great anticipation and will release them as they become available.
In 2021, the Company completed two major acquisitions of the Holy Grail and
The Company is primarily listed on the Canadian Securities Exchange, is quoted in
Chronological Highlights for 2021:
May 31 st - Trading began onCanadian Stock Exchange August 27 nd - Announced acquisition of the Holy Grail property inNorthern British Columbia . 80,000+ hectares with historic mines and showingsAugust 27 th -Michael Iverson appointed CEO and director of Prospect Ridge, former CEO and Chairman of Fortuna Silver Mines Inc.September 27 th - Announced closing of$6 million private placement of units of Prospect RidgeOctober 29 th - Announced new samples of up to 49.2 grams per tonne gold & 311 grams per tonne silverNovember 5 th - Announced eligibility for electronic clearing and settlement throughThe Depositary Trust Company (DTC) inthe United States November 8 th - Announced acquisition of theKnauss Creek property inNorthern British Columbia with historic grades of up to 57 grams per tonne gold & 205.71 grams per tonne silverNovember 16 th - Announced new samples of up to 24.8 grams per tonne gold & 252 grams per tonne silverNovember 23 rd - Announced completion ofLidar Survey of 33,000 hectares over the Holy Grail propertyNovember 30 th - Announced new samples of up to 117 grams per tonne Gold & 578 grams per tonne silverDecember 2 nd - Announced new samples up to 21.3 grams per tonne Gold & 38.3 grams per tonne silver from 4th confirmed zoneDecember 3 rd - Announced quotation on OTCQB Venture Market inthe United States December 6 th - Announced new samples of up to 67.3 grams per tonne gold and 116 grams per tonne silverDecember 8 th - Announced new samples of up to 30.8 grams per tonne gold & 281 grams per tonne silverDecember 14 th - Announced 6th confirmed zone with multi gram gold and silverDecember 16 th - Completed$1 /unit private placement
Results Highlights for 2021:
- Megalodon zone up to 117 grams per tonne gold and 578 grams per tonne silver
- Shock & Awe zone up to 49.20 grams per tonne gold and 311.0 grams per tonne silver
- Second pass at Mint 2B zone up to 30.8 grams per tonne gold, 281 grams per tonne silver
- First pass at Mint 2B up to 24.8 grams per tonne gold and 252 grams per tonne silver
- 4shore zone up to 21.3 grams per tonne gold, 38.3 grams per tonne silver
Qualified Person
All scientific or technical information included in this news release has been reviewed, verified and approved by
About Holy Grail
The Holy Grail Property is 10 kilometers outside of Terrace within 45 km from a smelter and deep sea port. The property is easy-accessible bounded by two highways with CN rail, high tension power crossing the property and a network of logging roads over approximately 80% 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
About
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, positive exploration results at the
In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, that future exploration results at the
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
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Contact InformationSource:Prospect Ridge Resources Corp. Michael Iverson , Chief Executive Officer Email: schen@redfernconsulting.ca Telephone: 778-788-4836
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