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Prospect Ridge Resources acquires 100% of Nose Creek’s assets

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VANCOUVER, BC, Nov. 24, 2022 /CNW/ — Prospect Ridge Resources Corp. (“company” or “outlook ridge“) (CSE: PRR) (OTC: PRRSF) (FRA: OED) is pleased to announce that it has completed the acquisition of 100% interest in the Noss Creek asset. Prime Asset Noss Creek 35km It is located in the northeast.Terrace, BC.

PRR logo (CNW Group/Prospect Ridge Resources Corp.)

PRR accelerated 100% profit accrual of all $1 million of exploration costs within the first year of the option agreement, and accelerated the issuance of the remaining 700,000 shares under the option agreement. PRR began prospecting for the property towards the end of the 2021 field season and resumed it in the summer of 2022. Some exploratory boreholes were also performed on the project.

Spanning approximately 3,190 acres, the Nos Creek estate includes the Doreen Mine, J Waynes (formerly called Mint2B), and the Hugin Show, as well as a few historic others.

The company is currently putting together and awaiting the results of this summer campaign.

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All scientific or technical information in this press release has been reviewed, verified and approved by Company President PBL, Yann Ducharme, and a qualified person as defined by National Instruments 43-101.

About Knauss Creek and Holy Grail Properties

The Nose Creek properties and Holy Grail alternative properties begin about 10 kilometers north of the town of Terrace in the Canadian province of British Columbia. They are easily accessible by two highways and a network of logging roads. They are contiguous and form a horseshoe that covers about 730 square kilometers.

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The southern tip of the Golden Triangle falls northwest of the Gunas. Bowser Lake and the Hazelton Group, which is home to most of the region’s deposits and mines, also lie beneath Nose Creek and the Holy Grail.

Many gold, silver, copper, lead and zinc deposits have been found in the past. Most notable is the Dorrin mine and according to historical records, about 700 tons of ore were mined with an average grade of more than 10 g/t Au.

There are many interesting displays of gold, sometimes with silver, copper, lead and zinc in the properties.

About Prospect Ridge Resources Corporation

Prospect Ridge Resources Corp. is a British Columbia-based exploration and development company focused on gold exploration. Prospect Ridge’s management and engineering team have over 100 years of experience in mineral exploration and believe that the boundaries of the Golden Triangle must be expanded to cover this vast underdeveloped area in the Nose Creek and Holy Grail properties . There is potential.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in Canadian Securities Exchange policies) assumes responsibility for the adequacy or accuracy of this press release.

This press release contains 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 Company’s management’s expectations or beliefs regarding future events. In general, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “expects”, or by the use of words and expressions or variations on the statements that “may” result in certain actions, events or Results. “could”, “could”, “will” or “could”. This information and these statements, referred to herein as “forward-looking statements”, are not historical facts, are made as of the date of this press release and include, without limitation, future plans, estimates and forecasts and statements. management and intentions related to, among other things, positive exploration results in the Nose Creek and Holy Grail projects and the use of proceeds from the Company’s private placement. These forward-looking statements involve a number of risks and uncertainties and actual results could differ materially from those implied by forward-looking statements. These risks and uncertainties include that future exploration results at the Nose Creek and Holy Grail projects will not be as expected and that the Company will use the proceeds from the private placement as expected.

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In making forward-looking statements in this press release, the Company has made a number of material assumptions, including, without limitation, that future exploration results at the Nose Creek and Holy Grail projects will be expected and that the Company will use the resulting proceeds . Private placement as expected.

While the company’s management has attempted to identify important factors that could cause actual results to differ materially from those in the forward-looking statements or forward-looking information, there may be other factors that could cause results to be not expected, projected or anticipated. intended . become the cause of , There can be no assurance that such statements will prove to be accurate, as actual results and future events may 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 any other purpose. Except under applicable securities laws, the Company undertakes no obligation to update any forward-looking statements, forward-looking information or financial projections, which are incorporated herein by reference. We want a safe haven.

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SOURCE Prospect Ridge Resources Corp.

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