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Prospect Ridge Resources Announces High Grade Sampling Results from Dorreen Mine and Exploration at Knauss Creek Property
VANCOUVER, BC, Sept. 14, 2023 /CNW/ - Prospect Ridge Resources Corp. (the "Company" or "Prospect Ridge") (CSE: PRR) (OTC: PRRSF) (FRA: OED) is pleased to announ
About this update from Prospect Ridge Resources Corp.
[{"type":"text","content":" VANCOUVER, BC, Sept. 14, 2023 /CNW/ - Prospect Ridge Resources Corp. (the \"Company\" or \"Prospect Ridge\") (CSE: PRR) (OTC: PRRSF) (FRA: OED) is pleased to announce results of surface geological works at the Dorreen Mine and surrounding area, situated within the Company's fully owned flagship Knauss Creek property, located 35km northeast of Terrace, BC. Those results are part of an ongoing aggressive surface exploration campaign designed to follow up on historic showings and other targets across the entire property. Key Highlights: Sampling was completed at the Dorreen Mine that was developed in 1924, 1926 and in 1952. Production information in historical reports is inconsistent. It is reasonable to estimate that about 700 tons at 16.8 g/t Au, 58 g/t Ag, 0.22% of Cu, 2.1% of Pb and 1.4% of Zn were mined from a quartz vein (not 43-101 compliant). Outcrop sampling of the quartz vein that remains accessible in the underground adits from the Doreen mine returned: 21.70 g/t Au (W384759), 22.80 g/t Au (W384760), 12.00 g/t Au (W384814), and 11.55 g/t Au (W386163). In addition, surface prospecting and mapping has discovered a number of new veins in outcrops. These veins are interpreted to form part of a larger network of veins covering a larger area than previously interpreted. An outcrop sample collected 50m southwest, at 75m higher elevation from the mine, returned: 7.12 g/t Au (W384720); From two other adits located 100m southwest, at 100m higher elevation from the mine, outcrop samples collected gave: 36.20 g/t Au (W386156), 19.35 g/t Au (W384675). Images from samples in link (here). Prospect Ridge CEO Michael Iverson commented, \"The consistent high-grade results achieved both within and above the mine reinforce our optimism about the mineral nature of this area, suggesting a mineralized system comprised of multiple veins. The veins identified not only host gold but also contain silver, copper, lead and zinc. These recent findings are in line with documented historical grades associated with the Dorreen mine. We are very pleased with the exploration work in this area and these high-grade results will require future follow-up. Additionally, similar work is being completed at other showings across the property and we expect to release those results in the near future.\" Positioned west of th...