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Prize Mining Corp.
Summary
| Project: | Kena | |
|---|---|---|
| Deposit: | Toughnut | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 12/12/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-12-2018: Prize Mining Corp. announces an Exploration/Drilling Update report for its Toughnut deposit at the Kena project. JV - Drilling results incl. 26.0m @ 2.12g/t Au from 165.00m. CALGARY, Dec. 12, 2018 /CNW/ - PRIZE MINING CORPORATION ("Prize" or t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jarrod Brown (Internal) | |
| ABSTRACT: | CALGARY, Dec. 12, 2018 /CNW/ - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to report results from the Phase I and II diamond drill programs from the Kena Gold Project, located in the highly prospective Kootenay Boundary region near Nelson, British Columbia and provide a corporate update relating to the company's other activities including the Manto Negro Copper project in Mexico. "The focus of this years exploration program at the Kena Gold Project, which already contains a NI 43-101 compliant resource of 481,000 ounces indicated and 1.3 million inferred ounces of gold has been on the Toughnut Property," said Michael McPhie, President and CEO of Prize Mining. "Drilling on Toughnut has intersected significant near surface gold mineralization and we are encouraged to see these higher grade intercepts which demonstrate the potential for a much larger gold system on our property. We are excited about our 2019 drill program as a follow up on these results." The 2018 diamond drill program at the Toughnut property, which is one of three major claim blocks that make up the Kena Project, was completed in two phases, with 13 holes in Phase I and 7 holes in Phase II, for a total of 3,886 metres. The programs were designed to test several zones of interest along the Silver King Shear system, all of which displayed anomalous geophysical and geochemical signatures and/or known gold+/-silver+/-lead+/-zinc mineralization. | |
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