Historical Highlights
- In 1952, 20 tons of bulk concentrate shipped to the Trail smelter assayed: 163.54 grams per tonne gold; 406.51 grams per tonne silver; 17.3 percent lead; 7.4 percent zinc; 2.6 percent copper. (Carswell, H.T.,(1955). Mineragraphic Study of the Ores of
Dorreen Mine ,British Columbia .University of British Columbia . Property File 600252) - Multiple stacked veins; channel sample of Main
Dorreen Vein returned up to 33.6 grams per tonne gold, 161.8 grams per tonne silver, 6.73% Pb, 35% Zn and 1.04% Cu over 0.30 meter. - Channel sample on a parallel vein 21 meters stratigraphically above the main vein assayed 32.2 grams per tonne gold, 19.2 grams per tonne silver, 1.28% Pb and 0.24% Cu over 0.20 meter.
- In 1952, 476 tonnes of ore was shipped and 3266 grams of gold, 8118 grams of silver, 3137 kilograms of lead and 1342 kilograms of zinc were recovered.
- In 1926, first 27 tonnes from 90 tonne shipment averaged 39.87 grams per tonne gold, 165.1 grams per tonne silver, 6.1 percent lead and 3.8 percent zinc.
- In 1924, 80 tonnes of ore was shipped and reportedly assayed 57.26 grams per tonne gold, 205.71 grams per tonne silver, 1.3 per cent copper, 6.2 per cent lead and 5.8 per cent zinc.
In 2021, the father and son prospecting team of Jay and
Figure 1.
Investigation of the main adit showed that despite being inactive for decades it remained astonishingly intact, demonstrating the competency of the host rock for underground development. As shown in the figure above, in most parts of the underground workings the vein is fully exposed further displaying the continuity of the mineralization (Figure 2).
Figure 2. Images from within the
Regionally, the site is immediately north of the contact with the volcano sedimentary rocks of the
SAMPLE | Au (g/t) | Ag (g/t) | Pb (%) | Zn (%) | Cu (%) |
C363051 | 26.5 | 54.9 | 1.205 | 0.26 | 0.17 |
C363052 | 57.3 | 105 | 3.53 | 0.72 | 0.51 |
C363053 | 12.6 | 116 | 7.03 | 2.46 | 0.086 |
Figure 3. 2021 Initial Sampling Results Dorreen Adit
Based on these preliminary results and geology a large focus will be put into revaluating the
Figure 4. North Adit, Assays Pending is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/096a6d51-1266-4825-853c-bc888be7b00a
Figure 5 – Dorreen Location and Regional Geology Map is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f4d48574-5234-45e4-8bde-0d972d625600
Qualified Person
All scientific or technical information included in this news release has been reviewed, verified and approved by
About Holy Grail
The Holy Grail Property is 10 kilometers outside of Terrace within 45 km from smelter and deep sea port; the property is easy-accessible bounded by two highways with CN rail, high tension power crossing the property and a network of logging roads over approximately 80% of the property which will make for a very cost-effective exploration and strong feasibility. Some of the key areas are located below tree line and can be worked nearly year-round.
The Holy Grail district sized package now contains over 80,000 hectares. The property was selected based on regional geological, structural, and geochemical resemblances that coincide with mineralization 50 km northwest in
About
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 includes 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 management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, positive exploration results at the
In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that future exploration results at the
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as 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 such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
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Contact InformationProspect Ridge Resources Corp. Michael Iverson , Chief Executive Officer Email: schen@redfernconsulting.ca Telephone: 778-788-4836
Figure 1
![](https://ml.globenewswire.com/media/f2e3c0a0-1176-41a8-82a1-bd5ed6e5eb6a/medium/figure-1.jpg)
Underground Workings Dorreen Mine and Sample Locations
Figure 2
![](https://ml.globenewswire.com/media/fbd85469-3432-41a8-9657-f88d433182fd/medium/figure-2.jpg)
Images from within the Dorreen Mine
Figure 4
![](https://ml.globenewswire.com/media/096a6d51-1266-4825-853c-bc888be7b00a/medium/figure-4.jpg)
North Adit, Assays Pending
Figure 5
![](https://ml.globenewswire.com/media/f4d48574-5234-45e4-8bde-0d972d625600/medium/figure-5.jpg)
Dorreen Location and Regional Geology Map
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