VANCOUVER, BC, June 6, 2022 /PRNewswire/ – June 62022 – Prospect Ridge Resources Corp. (the “Company” Where “Prospect Ridge“) (CSE: PRR) (OTC: PRRSF) (FRA: OED) is pleased to announce the appointment of Yan Ducharme as the new president of the company, Nicholas Luksha as the new Executive Vice President, and the start of 2022 field operations with scouting teams picking up where they left off at the end of the 2021 field season.
Yan Ducharme brings over 25 years of experience to the company in new and contaminated site exploration projects. He began his career at SEMAFO in Guinea, West Africa, on the Jean-Gobele exploration project which later became the Kiniero mine. In Quebeche joined Cambior at the Sleeping Giant mine, then at the exploration office where he handled exploration projects in the four corners of Abitibi and in the James Bay Region. Mr. Ducharme was also part of the exploration team at the Rosebel mine in Suriname, South America for Cambior/Iamgold. Yan spent several years working on NioGold’s Marban project which reached 1.5M oz of measured and indicated resources (32Mt at 1.48 g/t Au) and 600k oz of inferred resources (16.5 Mt at 1.13 g/t Au; NI 43-101 August 15, 2013). He was vice president of the company when it was purchased by Oban Mining, which now operates as Osisko (TSE: OSK). He was Regional Exploration Manager for Canadian Malartic until the Kirkland Lake was acquired entirely by Agnico-Eagle (TSE:AEM), then became director of exploration for SOQUEM. Most recently, Mr. Ducharme was Exploration Manager for the Kiena site of Wesdome Gold Mine (TSE:WDO). Mr. Ducharme obtained a master’s degree in Earth sciences from the University of Quebec in Montreal.
The Society is delighted to be back in the field. Prospecting crews mobilized and began collecting more channel, chip and grapple rock samples from the Holy Grail and Knauss Creek properties. Crews began by targeting known high-grade gold, silver and other metal zones to help prepare for drilling which is expected to begin during the summer. Crews will then mobilize to other areas of the extensive properties to sample and designate future drill targets. With the aid of a Lidar survey, the extensive logging road system and helicopters, we will continue as last year with a very aggressive program to find more high grade gold occurrences to generate targets of drilling. Mr. Ducharme’s leadership will prove invaluable to the prospecting teams and to the drilling program once it begins.
Mr. Luksha will continue to oversee and manage a range of the companies’ corporate responsibilities from his new role as Executive Vice President. It is with great enthusiasm and anticipation that he hands over the presidential reins to Mr. Ducharme.
Michael Iversonsays the CEO, “Having Yan Ducharme coming in as president and leading operations on the ground will be a great asset to our team and our shareholders. My many years of working with Yan in the past give me great confidence that he will accelerate our future results by proving our resources. He’s a home run hitter and this will be his next grand slam as we kick off field operations. Welcome to the Yan team.”
All scientific or technical information included in this press release has been reviewed, verified and approved by Rein Turna, P.Geo., a Company Consultant and a Qualified Person as defined by National Instrument 43-101.
About Holy Grail & Knauss Creek
The Holy Grail and Knauss properties begin approximately 10 kilometers north of the town of Terrace in the Province of British Columbia, Canada. They are easily accessible by two highways and a network of forest roads. They are contiguous and form a horseshoe covering approximately 730 square kilometers.
The southern tip of the Golden Triangle comes just to the northwest of the properties. The Bower Lake and Hazelton groups which host most of the deposits and mines in this area also underlie the Holy Grail and Knauss Creek properties.
A few occurrences of gold, silver, copper, lead and zinc have been found in the past. The most notable is the Dorreen mine where three levels have been developed and it is estimated that around 700 tonnes of ore have been mined at an average grade of over 10 g/t Au.
The properties hold more than 10 very interesting gold showings, sometimes with silver, copper, lead and zinc.
About Prospect Ridge Resources Corp.
Prospect Ridge Resources Corp. is a British Columbia exploration and development company based on gold exploration. Prospect Ridge’s management and technical team combine over 100 years of mining exploration experience and believe the Holy Grail and Knauss Creek properties have the potential to expand the boundaries of the Golden Triangle to cover this vast under-explored region.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release contains certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of the Company’s management regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “for” Where “anticipate”or variations of such words and phrases or statements that certain actions, events or results “may”, “could“, “should“, “would have” Where “occur“. Such information and statements, referred to herein as “forward-looking statements”, are not historical facts, are made as of the date of this press release, and include, but are not limited to, statements regarding discussions of future plans, estimates and forecasts and statements such as management’s expectations and intentions regarding, among other things, positive exploration results at the Knauss Creek and Holy Grail projects and the Company’s use of the proceeds of the private placement. These forward-looking statements involve numerous risks and uncertainties, and actual results may differ materially from the results suggested in the forward-looking statements. These risks and uncertainties include, among other things, that future exploration results at the Knauss Creek and Holy Grail projects will not be as anticipated. and that the Company will use the proceeds of the private placement as intended.
In making the forward-looking statements contained in this press release, the Company has applied several important assumptions, including, without limitation, that future exploration results at the Knauss Creek and Holy Grail projects will be as expected and that the Company will use the proceeds of the Private Placement as intended.
Although the Company’s management has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements or information, there may be other factors that cause the results are not those anticipated, estimated or intended. . There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on this information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statements, forward-looking information or financial outlook which are incorporated by reference herein, except in accordance with applicable securities laws. We seek shelter.
SOURCE Prospect Ridge Resources Corp.