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Prodigy Gold NL
Summary
| Project: | Lake Mackay | |
|---|---|---|
| Deposit: | Arcee | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/12/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-12-2019: Prodigy Gold NL announces an Exploration/Drilling Update report for its Arcee deposit at the Lake Mackay project. JV - drilling results incl. 4m @ 1.6g/t Au from 72m. Prodigy Gold NL (ASX: PRX) (“Prodigy Gold” or the “Company”) is pleased to a | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Doug Winzar (Independence Group NL) | |
| ABSTRACT: | Prodigy Gold NL (ASX: PRX) (“Prodigy Gold” or the “Company”) is pleased to advise that IGO has provided leach extraction results from surface samples collected from the Grimlock Co-Ni-Mn Prospect and RC results from the Arcee Prospect, located within the broader Lake Mackay Project in the Northern Territory. The Lake Mackay Project is held in Joint Venture (“JV”) with Independence Group NL (ASX: IGO) (IGO 70%; PRX 30%). Prodigy Gold’s Managing Director Matt Briggs said: “The results of leach extraction testwork, which could form part of a process to recover cobalt-nickelmanganese at Grimlock, have exceeded our expectations. The trial applied atmospheric leaching using SO2 providing a lower capital and operating cost process than those which require high pressure leaching.” “Preliminary bench-scale test work was completed on samples of the cobalt-nickel-manganese duricrust. Atmospheric Leach testing was undertaken using SO2 for the reductive leach tests. This first round of tests was completed on samples taken from surface at the Grimlock Prospect (Figure 1). Additional samples collected have yielded Co grades in excess of 2.7%. While the samples provide an indication of the recovery of high grade mineralisation in several areas, the average grade of the deposit and average recoveries are likely to be lower.” “A targeted follow-up exploration program at Lake Mackay is planned to commence early in the next field season and we look forward to providing further updates in due course”. | |
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