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Prize Mining Corp.
Summary
| Project: | Manto Negro | |
|---|---|---|
| Deposit: | Manto Negro | |
| Location: | Mexico | |
| Commodities: | Copper-Silver | |
| Date: | 2/19/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-2-2019: Prize Mining Corp. announces an Exploration/Drilling Update report for its Manto Negro deposit at the Manto Negro project. Drilling results incl. 6.05m @ 1.29% Cu, 77g/t Ag from 107.45m. VANCOUVER, Feb. 19, 2019 /CNW/ - PRIZE MINING CORPORATION | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Richard Dufresne (Internal) | |
| ABSTRACT: | VANCOUVER, Feb. 19, 2019 /CNW/ - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) wishes to provide an update on the results and success of the company's Phase 1 diamond drilling program at the Manto Negro Copper Project in Coahuila State, Mexico. The Company is also pleased to provide a corporate and regulatory update relating to a number of important matters including the removal (i) by the British Columbia Securities Commission (BCSC) on February 7, 2019 of its cease trade order following the filing by Prize of its annual audited financial statements, the annual management's discussion and analysis and the certification of annual filings for the year ended August 31, 2018 and (ii) by the Alberta Securities Commission (ASC) as of 6:00 PM Mountain Time on February 15, 2019 of its cease trade order pertaining to restrictions relating to the trading in or purchasing of securities of Prize. "We are very pleased to announce the completion of and results from our Phase 1 exploration drilling program at the Manto Negro Copper Project" said Michael McPhie, President and CEO of Prize. "We have tested just a small part of our 18,000 hectare property that contains some 35 surface copper showings over a 40 kilometre trend. These results provide us with confidence in the scale, grade and potential of this district size property and will guide our focus in the Phase 2 program that will begin in the weeks ahead." "We are also very pleased to have now fully addressed the matters brought forward by the BCSC and the ASC with respect to Prize" said McPhie. "The last few months have been a challenging time for the Company and its shareholders and with these regulatory matters now behind us we look forward to a renewed and complete focus on advancing our highly prospective assets in Mexico and British Columbia and creating shareholder value." | |
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