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Highlights
- Prospect Ridge’s portfolio includes four 100%-owned projects in British Columbia.
- The company has defined high-priority drill targets for the 2,000m diamond drilling campaign at the Camelot project.
- Fieldwork continues across the Excalibur, Castle and Holy Grail/Knauss Creek projects.
- In October, the company raised CAD 1.29 million in a non-brokered flow-through placement.
Prospect Ridge Resources Corporation (CSE:PRR) (OTC:PRRSF) (FRA:OED) is accelerating its mineral exploration efforts in British Columbia with a targeted drill program. The focus is on its recently acquired 100%-owned Camelot gold-copper porphyry project, located in the prolific Cariboo Mining District, an area renowned for copper-gold and copper-molybdenum porphyry systems. Camelot benefits from road access and established mining infrastructure, positioning it for efficient exploration. The company has defined high-priority targets for a planned 2,000m diamond drilling campaign.
Comprehensive Drill Program
The company has designed a 10-hole diamond drill program at Camelot, selecting 10 high-priority and 10 secondary drill collar locations to systematically test these most promising targets.
Targeting for the 2025 program is based on a combination of:
- Historic copper-in-soil anomalies
- A 2011 induced polarization (IP) survey
- A 2021 airborne magnetic data inversion model
The drilling will be conducted by Dorado Drilling, a respected contractor based in Vernon, B.C.
Expanding BC Project Portfolio
In addition to Camelot, Prospect Ridge’s BC portfolio includes:
Fieldwork continues across the company’s broader portfolio. At Excalibur, a 20-line-km Induced Polarization (IP) survey is advancing, while soil sampling from the summer 2025 program has identified a second 150m × 200m western target with elevated copper values above 150 ppm.
At Castle, a 500-line-km aerial magnetics survey has been concluded, with results from both magnetics and a previously conducted IP survey expected soon.
At Holy Grail / Knauss Creek, mapping and rock sampling indicate copper values above 100ppm associated with major northwest-southeast regional structures. These findings point to structural control on mineralisation, and follow-up work planned for 2026, including an IP survey.
Capital Raise Fuels Exploration Growth
In October 2025, the company announced the closing of the first tranche of its non-brokered flow-through private placement, raising gross proceeds of CAD 1,294,000. These funds will primarily support the 2,000m Camelot drilling program and ongoing exploration across the BC portfolio.
With a planned high-priority drilling program at Camelot, ongoing exploration across its BC portfolio, and funding from recent capital raises, Prospect Ridge Resources is advancing its mineral exploration activities. The combination of defined geological targets, existing infrastructure, and fieldwork results will guide upcoming exploration efforts in the Cariboo Mining District.
Share Price Momentum
PRR shares traded at CAD 0.08 per share on 3 December 2025, marking a 100% increase in share price on a YTD basis.
