on Prospect Ridge Resources Corp (CVE:PRR)
Prospect Ridge Secures Multi-Year Drill Permit for Excalibur Project
Prospect Ridge Resources Corp. has received a multi-year drilling permit for its Excalibur copper-gold porphyry project in British Columbia's Babine porphyry belt. This five-year permit enables the company to explore a significant, previously untested geophysical and geochemical target.
The Excalibur site features a large, coincident chargeability, magnetic and multi-element soil anomaly, suggestive of a buried porphyry-style system. Strategically located near historical mines, the project is positioned to capitalize on successful mining operations in the region.
Prospect Ridge plans an initial 3,000-meter drill program starting in July 2026, leveraging data from 2025 IP surveys and earlier soil samples. This endeavor aims to uncover a new Babine-style porphyry system, potentially transforming the company's exploration portfolio.
Positioned in an established mining district, Excalibur holds significant promise, drawing parallels to other recent discoveries in the area. Prospect Ridge remains committed to transparent and respectful engagement with local First Nations.
R. E.
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