Prospect Ridge Resources Secures Option for Excalibur Copper-Gold Project

Prospect Ridge Resources Corp. has announced a strategic Option Agreement to acquire 100% interest in the Excalibur Copper-Gold porphyry project, pending regulatory approval. Located in British Columbia, the 27.7 km² Excalibur project offers road accessibility and proximity to significant mining infrastructure. The site has seen minimal modern exploration despite its location amidst active and historical mining activities such as Quartz Mountain Resources' recent discoveries.

Prospect Ridge sees the project as a low-cost, early-stage opportunity with promising geological indicators. The project aims to identify drill targets, potentially partnering with major mining firms. With gold prices strong and copper predictions bullish for 2025, the timing is deemed favorable.

The initiative involves a multi-phase exploration plan, with a Phase 1 program budgeted at $350,000. The program focuses on establishing drill targets in preparation for a spring 2026 drill operation.