- Prospect Ridge Resources Corp. (PRR) has completed its earn-in of a 100 per cent interest in the Knauss Creek property located in B.C.
- PRR accelerated the 100 per cent earn-in by incurring all $1M of exploration expenditures within the first year of the option agreement
- The company started prospecting the property near the end of the 2021 field season and resumed during the summer of 2022
- Prospect Ridge Resources is a mineral exploration company
- Prospect Ridge Resources Corp. (PRR) opened trading at C$0.16 per share
Prospect Ridge Resources Corp. (PRR) has completed its earn-in of a 100 per cent interest in the Knauss Creek property.
The flagship property Knauss Creek is located 35 km northeast of Terrace, BC.
PRR accelerated the 100 per cent earn-in by incurring all $1M of exploration expenditures within the first year of the option agreement and accelerating the issue of the remaining 700,000 shares due under the option agreement.
PRR started prospecting the property near the end of the 2021 field season and resumed during the summer of 2022.
The Knauss Creek property, which covers about 3190 hectares, contains the Dorreen Mine, the Jay Veins and Hugin showings.
The company is currently waiting for the results of this summer’s campaign.
Several gold, silver, copper, lead and zinc occurrences were found in the past. The most notable is the Dorreen mine, and according to historical documents, around 700 tons of ore were mined out at an average grade of more than 10 g/t Au.
Prospect Ridge Resources is a mineral exploration company engaged in the acquisition and exploration of mineral projects in North America.
Prospect Ridge Resources Corp. (PRR) opened trading at C$0.28 per share.
