Prospect Ridge Resources Commences Drill Program at Camelot Copper-Gold Porphyry Project

Strategic Insights -

The Prospect Ridge Resources Corporation has finalized priority drill targets for its upcoming 2,000 m diamond drill program at the Camelot copper-gold porphyry project in British Columbia's Cariboo Mining District. Drilling is scheduled to begin on November 1, 2025, and will focus on high-priority targets defined by integrating decades of historic data, including an inversion of aerial magnetics data and a 2011 induced polarization survey.

Key Takeaways:

  • The 2,646-hectare Camelot property is located in the Quesnel Terrane, home to multiple producing copper-gold and copper-molybdenum porphyry deposits, including the nearby Gibraltar and Mount Polley mines.
  • The project area benefits from year-round road access and excellent regional infrastructure, with the nearby Mount Polley mine providing a comparable geology and mineralization.
  • The technical team, including Equity Exploration Consultants Ltd., has identified ten high-priority and ten lower-priority drill collar locations for the 10-hole diamond drill program.
  • A cross-section derived from an inversion of the aerial magnetic data shows a chimney-like feature of moderately-high magnetic response, consistent with potential alkalic porphyry mineralization.
  • Prospect Ridge has contracted Dorado Drilling to conduct the 2025 drilling program, with a drill rig currently enroute from Prince George to Horsefly, B.C.

Statistics:

  • The Camelot project covers approximately 26 square kilometers in central B.C.
  • The property is located approximately 65 kilometers east of Williams Lake, B.C.
  • The 2,000 m diamond drill program will focus on ten high-priority and ten lower-priority drill collar locations.
  • The program is scheduled to begin on November 1, 2025.
  • Prospect Ridge has $2.8 million in the treasury, with all necessary permits in place.

Sources:

1. Prospect Ridge Resources Corp.

2. ACCESS Newswire

3. Baknes, M. J. 2023. Drilling Report on the Lemon Lake Project. B.C. Mines Branch Assessment Report Event No.5993800

4. Britton, R., 2021 2021 Geological - hand trenching, airborne Magnetic - VLF survey and petrological reports on the Lemon Lake property B.C. Mines Branch Assessment Report 39604

5. Bailey, D. 2012 Lemon Lake property Horsefly Induced Polarization and Magnetometer Survey B.C. Mines Branch Assessment Report 33088