Prospect Ridge Announces October Drill Program at Camelot Project, Strategic Exploration Update and Investor Townhall on October 16, 2025
Executive Summary
- Prospect Ridge announced the start of its 2025 fall exploration program, including a planned ~2,000 m drill campaign at the Camelot Project slated for late October.
- Ongoing geophysical work: a 20 km IP survey at Excalibur (identifying a second Cu‑soil target “Warlock”) and completion of a 500 km aerial magnetic survey at Castle; mapping and rock sampling at Knauss Creek/Holy Grail reveal multiple high‑Cu assays (>10,000 ppm).
- The company will host a live investor town‑hall webinar on October 16 to discuss these initiatives and future plans across its five B.C. projects.
Key Details
- Camelot Project
- ~2,000 m of drilling (up to 10 holes) planned for late Oct 2025.
- Target area: ~1,700 m × 500 m zone with strong chargeability and magnetic anomalies.
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Site visit completed; logistics, water line routes, and drill pad placement evaluated.
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Excalibur Project
- ~20 km of Induced Polarization (IP) survey underway (200 m line spacing).
- Soil sampling identified a second western target (“Warlock”) – 6/9 samples >150 ppm Cu.
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Mapping shows propylitic alteration consistent with porphyry zoning.
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Castle Project
- 500 km aerial magnetic survey completed (Oct 1); high‑resolution 50 m spacing over gossans.
- ~7 km IP survey completed; 62 rock samples collected, assay results pending.
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Historic soil sampling returned up to 6,800 ppb Au and 1,070 ppm Cu.
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Knauss Creek / Holy Grail Projects
- Mapping of 19 target areas; 63 of 80 rock samples assayed.
- Assay highlights: 17 samples >100 ppm Cu, 8 samples >1,000 ppm Cu, 4 samples >10,000 ppm Cu.
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Structural control indicated by NW‑SE trending regional structures.
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Investor Webinar
- Date & Time: October 16, 2025 at 10:00 a.m. PDT (1:00 p.m. EDT).
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Registration link provided; recording to be posted on the company website.
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CEO Comment
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Len Brownlie emphasized excitement over recent exploration results and the upcoming Camelot drill program, noting logistical simplicity of the target area.
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Technical & QA/QC
- All sampling performed by Equity Exploration Consultants Ltd.; qualified person Ron Voordouw, Ph.D., P.Geo. verified data per NI 43‑101 standards.
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Detailed assay methods (ME‑MS61, Au‑ICP22 for rocks; ME‑MS41, Au‑ICP22 for soils) disclosed.
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First Nations Acknowledgement
- Projects located on traditional territories of Tahltan, Tsay Keh Dene, Lake Babine, Williams Lake, Xatsull, Neskonlith, North Shuswap, Whispering Pines/Clinton, Gitxsan, and Kitselas First Nations.
Notable Quotes
“With the receipt of each batch of exploration results from Equity's hard work on our five B.C. projects we grow more excited about Prospect Ridge's future.” – Len Brownlie, President & CEO
Materiality Assessment: Non‑Material – Positive (forward‑looking exploration program updates without immediate financial impact).