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Prodigy Gold NL
Summary
| Project: | Bluebush | |
|---|---|---|
| Deposit: | Capstan | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-12-2018: Prodigy Gold NL announces an Exploration/Drilling Update report for its Capstan deposit at the Bluebush project. Drilling results incl. 4m @ 6.1g/t Au from 128m. Prodigy Gold NL (‘Prodigy Gold’ or the ‘Company’) (ASX: PRX) is pleased to report | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Matt Briggs (Internal) | |
| ABSTRACT: | Prodigy Gold NL (‘Prodigy Gold’ or the ‘Company’) (ASX: PRX) is pleased to report assay results from RC drilling at the 100% owned Bluebush Gold Project in the Tanami Goldfields, Northern Territory. Prodigy Gold Managing Director Matt Briggs said: “Broad spaced RC drilling under aircore gold anomalism at the Capstan Prospect has defined a 1.2km zone of interest which is still open along strike. Results of up to 4m @ 6.1g/t gold and 9m @ 1.3g/t gold in shallow RC drilling continue to clearly demonstrate the potential for a new discovery with further drilling. BLRC001 has yielded the highest grade result so far at the Capstan North target. Work at Capstan will recommence with the start of the field activitiesin late Q1 2019. By this time the airborne magnetics will have been completed. This helps us improve the interpretation and ranking of targets across what is clearly a large gold province. Ongoing investment in exploration will progressively unlock the value of our large holding here.” “Results of RC drilling at Suplejack are being compiled and will be announced before Christmas. Results for Euro JV RC drilling, North Arunta JV RC drilling and an update on the Lake Mackay JV activities will follow in the coming weeks.” Background Capstan is a 22km x 8km sub-area of the Bluebush Project, falling within the Trans-Tanami Fault Zone and located 50km northwest of the world-class Callie Gold Mine (Figure 5). Aircore drilling over the last 14 months at Capstan have defined a new large scale bedrock gold anomaly over an area 8km long with results up to 4g/t Au in aircore (ASX Announcement - 2 August 2019). This gold anomalism occurs in the Dead Bullock Formation, the same rock type that hosts the Callie Deposit. Full results have now been returned for 26 RC holes from 4,368m of drilling completed at Capstan. | |
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