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Prize Mining Corp.

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Summary

Project:

Kena

Deposit:Toughnut
Location:Canada
Commodities:Gold-Silver
Date:2/20/2018
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:20-2-2018: Prize Mining Corp. announces an Exploration/Drilling Update report for its Toughnut deposit at the Kena project. JV - Drilling results incl. 1.0m @ 25g/t Au, 2.8g/t Ag from 77.15m. Calgary, Alberta (February 20, 2018) – PRIZE MINING CORPORATION
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Jarrod Brown (Internal)
ABSTRACT:Calgary, Alberta (February 20, 2018) – PRIZE MINING CORPORATION (“Prize” or the “Company”) (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce it has now received final assay results from its initial drilling program on the Toughnut Property located in southeastern, BC. A total of 1672 meters of diamond drill core was obtained from 10 holes. The purpose of the program was to test a 1-kilometer strike length within the Gold Eagle Zone. Drill targets were established using a combination of soil geochemical anomalies, elevated surface rock sample results, geophysical indicators, and historical drilling record (see Prize news release on August 29 and September 12, 2017). Analytical results are encouraging with 38 significant results over 1.0 g/t Au returned, including a best intercept of 25.0 g/t over 1.00 meter. Significant gold intercepts were encountered in 9 out of 10 of the 2017 holes with gold mineralization controlled by sheeted quartz veins and sulphide laden shears straddling contacts between porphyritic intrusions and mafic volcanic rocks. Past and present drilling results at the Gold Eagle zone define an along-strike gold mineralized trend more than 750 meters. Mineralization encountered to date occurs near surface (16 to 165 meters) that is open to depth and along strike to the southeast.

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