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Prodigy Gold NL

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Summary

Project:

Bluebush

Deposit:Capstan
Location:Australia
Commodities:Gold
Date:8/2/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:2-8-2018: Prodigy Gold NL announces an Exploration/Drilling Update report for its Capstan deposit at the Bluebush project. Drilling results incl. 9m @ 1.4g/t Au from 36m. Prodigy Gold Managing Director Matt Briggs said: “We are very pleased with these rec
Resources:x
CP/QP:[Overall Report]: Matt Briggs (Internal)
ABSTRACT:Prodigy Gold Managing Director Matt Briggs said: “We are very pleased with these recent results as they continue to demonstrate Capstan is a large system with anomalous gold over an extensive area. In each phase of drilling we are seeing increasing grades on continuous, predictable trends. The infill drilling currently underway allows us to focus in on the best parts of the system and to optimise future bedrock RC and diamond drilling. “Within the 4.5km long gold trend identified in Q2 drilling, two 1.5km long higher grade zones of 0.3 – 2.8g/t mineralisation have been defined, correlating with the favourable stratigraphy. The first two diamond holes into the project are planned to test below these targets. The result of 9m @ 1.4g/t including 3m @ 2.8g/t comes from adjacent to the planned location of one of the co-funded diamond drillholes which gives confidence in the target model. The Northern Territory Geological Survey cofunded diamond drilling has been brought forward and is now anticipated to commence this month. ”At Capstan North hole BL440 intersected 1m@ 4.0g/t at the end of the hole. Repeat assaying of the sample produced a result of 6.3g/t from within a 3.5km long gold trend in the eastern part of the system. This second major trend includes BL0415 with 3m @ 0.6g/t and also previous results of 3m @ 0.67g/t and 1m @ 0.45g/t at EOH.”

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