on Prospect Ridge Resources Corp (isin : CA74358Q1054)
Prospect Ridge Secures Option for Castle Copper-Gold Project in British Columbia
Prospect Ridge Resources Corp. has announced an Option Agreement to potentially acquire a 100% interest in the Castle Copper-Gold Porphyry Project. Located in the Toodoggone district, the Castle project covers 29.14 sq km in north-central British Columbia, near Thesis Gold's Ranch project.
The agreement with three prominent geologists offers Prospect Ridge a chance to explore an area that has seen minimal modern exploration over the past 30 years. Historic soil samples have indicated high gold and copper values.
Prospect Ridge plans to start a thorough exploration phase, targeting a significant gold-copper deposit akin to the Cadia Far East system in Australia. This includes a comprehensive magnetic survey and potential future drill programs.
Under the acquisition terms, staged cash and share payments are required, alongside meeting exploration targets to earn full stake pending regulatory approval.
R. E.
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