The Extension Of The Golden Triangle:
A New Frontier With Prospect Ridge
The Revered Golden Triangle
The revered Golden Triangle mining district in north-west British Columbia has long been recognized for its mineral wealth, hosting some of the world's most significant undiscovered mineral reserves, including gold and silver, but importantly also base metals like copper and molybdenum.
Prospect Ridge Resources Corp, a small company led by a team of serially successful mining executives and technical experts is leading efforts to potentially extend this iconic region, exploring territories that might redefine the boundaries of this mining haven.
Key Highlights
Currently Listed
Prospect Ridge Resources is currently listed on the following public exchanges:
CSE:PRR
OTC:PRRSF
FRA:OED
Flagship Project
The Knauss Creek Project stands out for its high-grade surface samples rich in gold, silver, copper, lead, and zinc.
Recent Developments
Five main zones of interest on Knauss Creek have been identified with significant results of up to 69.3 g/t gold, 4740 g/t silver, 10.42 % copper, 33.33% lead, and 4.10% zinc.
Leadership
Michael Iverson, former leader of billion-dollar Fortuna Silver Mines Inc, and Yan Ducharme, with 25+ years in exploration projects, jointly led NioGold Mining Corp. before its acquisition by what's now Osisko Mining Inc.
Prospect Ridge Aims To Extend The Golden Triangle
A small company led by a team of serially successful mining executives and technical experts is quietly advancing exploration that could lead to the extension of the highly prolific “Golden Triangle” mining district in north-west British Columbia, Canada.
Prospect Ridge Resources (PRR) holds complete ownership of the "Knauss Creek" project, which has revealed high-grade surface samples in precious and base metals, including gold, silver, copper, lead and zinc. Currently, five main zones have been pinpointed, with recent assays showcasing up to 69.3 g/t gold, 4740 g/t silver, 10.42 % copper, 33.33% lead, and 4.10% zinc. Having secured over $8.5 million for its endeavors, the company is swiftly progressing its exploration activities.
Prospect Ridge Resources, Inc. is led by industry veteran Michael Iverson, former chairman of Fortuna Silver Mines Inc. The company is at the forefront of exploring and developing precious metal prospects in North America.
Boasting a management and technical team with over a hundred years of combined expertise in mineral exploration, the team is confident that the Knauss Creek project holds the potential to extend the boundaries of the Golden Triangle, potentially tapping into a large-scale multi-metal mineralization system.
Surface geology exploration activities suggest their confidence could be justified. But first, a quick lesson on the Golden Triangle and why it is considered a mining haven.
Schedule a call with our Investor Relations Team to discover The Prospect Ridge Advantage.
Unveiling British Columbia's Golden Triangle: A Geological Marvel
In the rugged northwestern terrains of Canada lies a jewel of mineral-rich lands: The Golden Triangle of British Columbia. This unique region stands out on the global map, holding promises of some of the most valuable undiscovered mineral reserves on Earth.
Origin of the Name
Spanning a vast 500 km belt, the Golden Triangle stretches from Atlin, positioned near the Yukon border, and runs southward to Kitsault, located southeast of Stewart, British Columbia. This intricate mineralization belt lends the region its evocative name and reputation.
A Diverse Geological Bounty
At the heart of the Golden Triangle's allure is its diverse geological composition. While it is renowned for precious metals like gold and silver, the region is equally significant for housing critical base metals such as copper and molybdenum.
The Golden Triangle Geological Highlights
The Golden Triangle holds one of the planet's densest mineral concentrations. Key estimates include:
GOLD
219 million ounces (including inferred resources of 79.2 million ounces)¹.
SILVER
1.58 billion ounces (including inferred resources of 566 million ounces)¹.
COPPER
89.2 billion pounds (including inferred resources of 39.8 billion)¹.
LEAD
449.8 million pounds (including inferred resources of 195.2 million pounds)¹.
MOLYBDENUM
3.2 billion pounds (including inferred resources of 1.5 billion pounds¹.
ZINC
122.1 million pounds (including inferred resources of 55.1 million pounds).¹
Producing mines in the golden triangle
It’s the southern portion that gives the Golden Triangle its name, as it has hosted many past producing gold mines, with several more projects in various stages. These include:
The convergence of these essential metals in one region highlights the Golden Triangle's strategic importance in the global metals marketplace.
Brucejack
Commenced production in 2017 and is known to be one of the highest-grade gold mines (8.4 g/t) to have opened in recent years, with estimated reserves of 3.7 million ounces of gold.
Eskay ImageCreek
Considered to be the world’s most precious high-grade Volcanogenic Massive Sulfide (VMS) deposit.
KSM
The largest undeveloped Copper/Gold porphyry deposit globally. It has an initial 44-year mine life production plan, with reserves of 47.3 million ounces of gold and 7.32 billion pounds of copper.
Unlock the Power of Essential Metals:
2023's Prime Investment Opportunity
In an ever-evolving investment landscape, 2023 has been dominated by inflation and geopolitical headlines. There has never been a better time to invest in precious metals (Gold and Silver) as well as base metals (Copper, Lead, Zinc).
Here's why the world's astute investors and pivotal central banks are pivoting their focus towards gold, silver, and copper.
Gold & Silver
Historical Financial Anchors
Four Factors Driving Gold & Silver Investments In 2023
Inflation Resilience
Historically, gold and silver have shown a propensity to rise in value alongside or beyond inflation rates. Their appeal lies in their potential to act as a buffer against the erosion of currency value.
Historical Stability
Amid global uncertainties, economic hiccups, and political unpredictability, gold has been considered a steady asset.
Tangible Asset Appeal
Growing concerns around inflation and trust in financial systems have made tangible assets like gold and silver increasingly attractive.
Central Bank Trends
In 2022, despite a notable U.S. inflation rate of 8.6%, central banks globally added a significant 1,136 tonnes of gold to their reserves.
Copper
An Essential Metal for the Energy Transition
Factors Driving Copper Investment in 2023
Role in Green Energy
The transition to renewable energy sources highlights copper's importance. Its use in renewable infrastructure and energy storage makes it an asset to watch.
Anticipated Demand:
Predictions, including those by Goldman Sachs, foresee a robust demand for copper, especially if green technologies become the norm.
Supply Concerns:
Rising demand and potential supply bottlenecks hint at a supply-demand imbalance, which could influence copper prices.
Diverse Applications:
Copper's inherent qualities, such as conductivity and resistance to corrosion, ensure its continued relevance across multiple sectors.
As 2023 unfolds, it's becoming increasingly clear that all investors should consider the inclusion of both precious and base metals leveraged investments in their portfolios. Their historical significance, current trends, and future potentials underscore their role in fostering a balanced and resilient investment strategy.
Prospect Ridge
The Ultimate Leverage to Precious and Base Metals Exploration
Knauss Creek Project:
Bridging the Gap South of the Golden Triangle
Just to the south of the renowned “Golden Triangle” in northwestern BC lies the Knauss Creek project. This area echoes the mineral richness of its northern counterpart, underlined by the historically discovered plethora of precious and base-metal mineralization’s. The bedrock, consisting of the Bowser Lake and Hazelton Groups, which predominantly hosts the Golden Triangle's mines and deposits, also extends beneath the Knauss Creek terrain.
Project Overview:
Scope: The project sprawls across 25 mineral claims, encompassing a substantial land expanse of roughly 30 square kilometres (2,927 hectares).
Accessibility: Strategically situated 35 kilometres northeast of Terrace, British Columbia, the site benefits from proximate highway access supplemented by an extensive logging road network.
Exploration Perspective:
The property presents a promising exploration arena for polymetallic veins, potentially flanked by associated skarn and porphyry mineralization, all set within an orogenic geological backdrop.
Historical data points to numerous discoveries of gold, silver, copper, lead, and zinc. The Dorreen mine stands out among these; its historical records (though not 43-101 compliant) indicate that about 700 tons of ore were extracted, boasting an average grade of 16.8 g/t Au, 58 g/t Ag, 0.22% Cu, 2.1% Pb, and 1.4% Zn from a quartz vein.
Current endeavors at the property are marked by geological mapping and geochemical sampling. The company's leadership anticipates that this exploration work will significantly enhance their understanding of the intricate vein system, further refining potential targets.
Prospect Ridge
Surface Samples Signal Immense Untapped Potential
Surface geology at Knauss Creek, indicate significant high-grade gold, copper, silver, lead, and zinc at the property.
Below are links to the company’s latest news releases:
Metals from Knauss Creek
Their Broad Spectrum of Applications
The range of metals present on the surface of Knauss Creek play crucial roles in various sectors, marking their significance in both our daily lives and the future of technology:
Silver
for semiconductors, touchscreens, solar cells, wound care, optical devices etc.
Copper
for electrical conductivity, plumbing, medical equipment (antibacterial), solar panels and EVs.
Lead
for batteries, energy storage, medical radiation shielding, nuclear plants, roofing, ammunition etc.
Zinc
for steel galvanization, allows for automotive, aerospace, energy storage, medical devices, pharmaceuticals
Prospect Ridge
To learn more about the high-grade presence of these metals in the PRR property, please read company’s news releases on Prospect Ridge Website
Experienced Leadership
Michael Iverson - CEO & Director
Mr. Iverson brings over 30 years of executive experience in public markets, including corporate development, capital formation, acquisitions and mergers. In 1998, Mr. Iverson founded Niogold Mining Corp. (previously TSXV: NOX) and co-founded Fortuna Silver Mines Inc. (TSE:FVI), and in both companies went on to serve in various executive roles including Chairman, Chief Executive Officer and President until 2016. Since 2007, Mr. Iverson has also held various executive positions at Volcanic Gold Mines (CSE:VG). At Niogold, he led the acquisition and exploration of a large land package in Val D’Or, following which the company was acquired by Oban Mining Corp., now operating as Osisko Mining Inc. (TSE: OSK), at a significant premium to the company’s market capitalization. At Fortuna, he was an integral part of the company’s successful development into a silver producer with operating mines in Peru and Mexico. Mr. Iverson brings a wealth of experience in public and private equity markets and in important management disciplines of strategic planning and oversight, sales and marketing, having raised, invested and co-invested $100 million in the companies he has led and advised. Mr. Iverson has acted as CEO and/or director for companies that, while he was in that role, have achieved, in the aggregate, market capitalizations in excess of $1 billion.
Yan Ducharme - President, Director
Yan Ducharme brings over 25 years of experience to the company in greenfield and brownfield exploration projects. He started his career with SEMAFO in Guinea, Western Africa, on the Jean-Gobele exploration project which later became the Kiniero mine. In Quebec, he joined Cambior at the Sleeping Giant mine, then to the exploration office where he took care of exploration projects in the four corners of the Abitibi and in the James Bay area. Mr. Ducharme was also part of the exploration team at the Rosebel Mine in Suriname, South America for Cambior/Iamgold. Yan spent several years working NioGold’s Marban project which reached 1.5M oz of measured and indicated resources (32Mt at 1.48 g/t Au) and 600k oz of inferred resources (16.5Mt at 1.13 g/t Au; NI 43-101 August 15, 2013). He was Vice-President of the company when it was bought by Oban Mining, now operating as Osisko Mining (TSE:OSK). He was regional exploration manager for Canadian Malartic until the Kirkland Lake project was acquired entirely by Agnico-Eagle (TSE:AEM), and then became exploration manager for SOQUEM. Most recently, Mr. Ducharme was exploration manager for Wesdome Gold Mine’s (TSE:WDO) Kiena site. Mr. Ducharme obtained a Master’s degree in Earth Sciences from the University of Quebec in Montreal.
Michael Michaud - Director
Mr. Michaud, P.Geo., M.Sc., our Director, is a Professional Geologist with over three decades of experience in regional and mine-site exploration strategies across North and South America, Africa, Asia, and Europe. Currently serving as the Vice-President of Exploration for Wesdome Gold Mines Ltd., he has held prominent roles, including Chief Geologist at Iamgold Corp., Vice-President of Exploration at St Andrew Goldfields, Principal of SRK Consulting Inc., and Chief Geologist at North American Palladium. Mr. Michaud's educational background includes an honors B.Sc. from the University of Waterloo and an M.Sc. from Lakehead University, solidifying his status as a geologic authority with a truly global perspective.
Investment Highlights
of Prospect Ridge Resources
Proven Management Excellence
CEO Michael Iverson: Founder of Fortuna Silver (TSX: FVI), achieving a market cap surpassing $1 billion.
President and Director Yan Ducharme: 25 years of exploration leadership, served as the vice president of NioGold. The company was later acquired by Oban Mining, which is now Osisko Mining (TSE:OSK).
Prime Location & Strategic Positioning
Geological Advantage: Our projects align with the geological formations of British Columbia's renowned Golden Triangle.
Flagship Property - Knauss Creek: This fully-owned asset boasts easy accessibility, complemented by serviced roads and a state-of-the-art three-phase powerline.
Diverse Project Portfolio
Rich Mineral Zones: The property exhibits several mineralized zones, suggesting potential multiple discoveries.
Metal Variety: Indicators of varied precious and industrial metals present an opportunity for investors to diversify into a wide metal market.
Cautionary Statements
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 Knauss Creek and Holy Grail projects and the Company’s use of proceeds from the Private Placement. These forward-looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, that future exploration results at the Knauss Creek and Holy Grail projects will not be as anticipated and that the Company will use the proceeds from the Private Placement as anticipated.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 Knauss Creek and Holy Grail projects will be as anticipated and that the Company will use the proceeds from the Private Placement as anticipated.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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