Prospect Ridge Is Testing a Copper-Gold Porphyry in BC's Babine Belt
Prospect Ridge Resources has the drill turning on a copper-gold porphyry target. The company's 100%-owned Excalibur project sits in British Columbia's Babine porphyry district — belt geology built for exactly the kind of large copper-gold systems that miners covet.
Drilling has commenced, with an initial program of roughly 1,500 metres aimed at three to four drill collar locations. Porphyry hunting is a big-tonnage game: you're testing for a mineralized system that can run for hundreds of metres, and spreading an initial program across multiple collars is how you learn the shape of the target fast. For a company that owns 100% of its ground, a clean first pass through a proven porphyry belt is a low-friction way to prove the concept and set up whatever comes next.
The risk is real: porphyry exploration has a high failure rate, and a maiden ~1,500-metre program is a first look, not a discovery.
Watch the assays from these first holes at Excalibur.
This is market commentary, not investment advice — small-cap resource stocks are highly speculative and you can lose your entire investment.
The Newsletter · Free
Get these stories by email
Free newsletter — new small-cap commentary as it publishes.