Prospect Ridge Detects Copper Mineralization in Four of First Six Diamond Drill Holes At 100% Owned Camelot Copper-Gold Project in B.C.'S Cariboo Mining District

Executive Summary

• First six holes of a ten‑hole, ~2,000 m diamond drill program at the 100% owned Camelot copper‑gold project have returned semi‑quantitative evidence of disseminated pyrite and chalcopyrite over 75–120 m in four holes.
• Portable XRF (pXRF) detected copper across these intervals; wet‑chemical “rush” assays for holes CAM25‑001 and CAM25‑006 are pending (expected late December).
• Real‑time visual and pXRF data prompted a re‑evaluation of the remaining four drill targets, leading to modifications in the final hole plan to focus on high‑chargeability anomalies (>27 mV/V).

Key Details

• Drill Program Scope: 10 holes (~2,000 m total); results reported for six holes (CAM25‑001 to CAM25‑006) covering 1,065 m drilled over the first 11 days.
• Targeting Logic: Drilled along a 650 m segment of a 1.7 km geochemical/geophysical trend; focused on historic copper‑in‑soil anomalies coincident with chargeability highs and moderate magnetic highs, consistent with an alkalic porphyry model.
• pXRF Findings:
• Copper detected over core lengths of ~75–120 m in holes CAM25‑001, ‑002, ‑005, and ‑006.
• Holes CAM25‑003 and CAM25‑004 not yet analyzed by pXRF at time of release.
• Visual Core Observations:
• Four holes (CAM25‑001, ‑002, ‑005, ‑006) show disseminated pyrite and chalcopyrite within potassic‑altered monzonite, diorite, and andesite lithologies.
• Hole CAM25‑003 exhibits weaker alteration with quartz veins and minor chalcopyrite; hole CAM25‑004 was quick‑logged pending further work.
• Drilling Depths: Holes CAM25‑001, ‑002, and ‑006 were stopped at ~200 m despite mineralization at depth to allow broader target coverage.
• Assay Status: “Rush” fire assay samples from holes CAM25‑001 and CAM25‑006 submitted; results anticipated in late December 2025. True widths of mineralized zones remain undetermined.
• Operational Adjustments: Real‑time data led to redesign of the final four holes (CAM25‑007 to CAM25‑010) to prioritize high chargeability targets (>27 mV/V).
• Technical Team: Exploration managed by Equity Exploration Consultants Ltd.; drilling contracted to Dorado Drilling Ltd. Qualified Person: Ron Voordouw, Ph.D., P.Geo.

Notable Quotes

“The inaugural Camelot drill program has exceeded our expectations with the discovery of chalcopyrite in four of the first six holes… We anxiously await gold and copper assay results to confirm our hypothesis that Camelot contains a significant alkalic porphyry deposit.” – Len Brownlie, Ph.D., CEO, Prospect Ridge Resources Corp.