For thousands of other reports visit RSC's Mineral Intellingence Map
Prodigy Gold NL
Summary
| Project: | Bluebush | |
|---|---|---|
| Deposit: | Capstan | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/22/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-11-2019: Prodigy Gold NL announces an Exploration/Drilling Update report for its Capstan deposit at the Bluebush project. Drilling results incl. 2m @ 1.2g/t Au from 122m. Prodigy Gold NL (ASX: PRX) (‘Prodigy Gold’ or the ‘Company’) is pleased to advise | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Matt Briggs (Internal) | |
| ABSTRACT: | Prodigy Gold NL (ASX: PRX) (‘Prodigy Gold’ or the ‘Company’) is pleased to advise that follow-up diamond drilling has been completed at the Company’s 100%-owned Hyperion Project in the Tanami Region of the Northern Territory. In addition, results have also been returned from RC drilling recently completed at the Capstan Prospect located within Bluebush. The recent drilling programs at both Hyperion and Bluebush form an important part of Prodigy’s broader exploration strategy designed to systematically screen the Company’s 100%-owned portfolio for gold deposits analogous to the 14.2Moz Callie Gold Mine. Prodigy Gold Managing Director, Matt Briggs, said; “Drilling has been completed to test a broad structure near our existing gold resource within Hyperion, led by a single diamond hole co-funded by the Northern Territory government as part of the Resourcing the Territory initiative. Our team made full use of the rig whilst it was available on site and a diamond tail was opportunistically completed on an adjacent hole. I am pleased to report that both holes have intersected substantial intervals of the target structure with multiple generations of veining and sulphide as seen in three holes completed in 2018. The 2018 RC holes intersected 40-80m wide intervals of gold mineralisation (Figure 3).” “We have also received the results from recently completed RC drilling at the Capstan Prospect, and although the early indications are that the potential scale of the mineralisation may be reduced, we are focused on following up some encouraging areas of mineralisation recently identified in aircore drilling.” “We are also expecting to receive further information from Lake Mackay with RC drilling results from the newly identified Arcee Prospect due next month along with the outcomes from metallurgical test work completed at Grimlock.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report