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Prodigy Gold NL
Summary
| Project: | Lake Mackay | |
|---|---|---|
| Deposit: | Blaze, Caps, Phreaker, Arcee | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Cobalt-Lead-Zinc | |
| Date: | 10/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-10-2019: Prodigy Gold NL announces an Exploration/Drilling Update report for its Blaze, Caps, Phreaker, Arcee deposit at the Lake Mackay project. Drilling results incl. 12m @ 3.47g/t Au, 0.01% Cu from 112m. Prodigy Gold NL (ASX: PRX) (“Prodigy Gold” or | |
| 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 provide an update on exploration activities recently completed at the Lake Mackay Project located in the Northern Territory, which is held in Joint Venture (“JV”) with Independence Group NL (ASX: IGO) (IGO 70%; PRX 30%). Prodigy Gold’s Managing Director Matt Briggssaid: “Soilsampling conducted earlier this year identified a coherent gold anomaly at the Arcee Prospect which was subsequently tested with RC drilling. Pleasingly, drilling has intersected an amphibolite with disseminated sulphides and quartz veining with best results including [email protected]/t Au. The Arcee soil anomaly is 800m long and remains open to the west so we will be undertaking further RC drilling at this target during the current quarter.” “We have also received the assay results from drilling of the airborne EM targets undertaken by IGO throughout 2019. A total of 73 RC holes for 15,528m were drilled, with the Phreaker Prospect generating the most encouraging base metal results outside of the previous discoveries at Grapple and Bumblebee. Downhole EM indicates the recent RC holes completed at Phreaker have likely drilled up dip of the most conductive and/or thickest mineralisation,so further diamond drilling is planned to test the strongest part of the EM conductors now defined, along with the Raw Prospect.” | |
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