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Prodigy Gold NL
Summary
| Project: | Euro | |
|---|---|---|
| Deposit: | Dune | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/28/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-11-2019: Prodigy Gold NL announces an Exploration/Drilling Update report for its Dune deposit at the Euro project. Drilling results incl. 18m @ 0.4g/t Au from 126m. Prodigy Gold NL (‘Prodigy Gold’ or ‘the Company’) (ASX: PRX) is pleased to provide an u | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Sam Ekins (Internal) | |
| ABSTRACT: | Prodigy Gold NL (‘Prodigy Gold’ or ‘the Company’) (ASX: PRX) is pleased to provide an update on recently completed drilling at the Company’s Euro JV Project (‘the Project’) which is part of a farm-in agreement with Newcrest Mining Limited (ASX: NCM) (see ASX release dated 4 July 2018). Under the farm-in agreement, Newcrest are to sole fund up to $12M over seven years to earn up to a 75% interest in the Project, which hosts key targets along strike or parallel to the Trans-Tanami Trend which have seen limited or no previous exploration. Prodigy Gold Managing Director Matt Briggs said: “Follow-up drilling at Dune has been encouraging with significant gold in oxide identified and the anomalism further extended. Holes completed on the northern two lines of RC drilling have intersected 18m at 0.4g/t Au and 10m at 0.3g/t Au.” “Importantly, the 1.4km long gold and arsenic anomaly remains open to the north, and the area, thickness and grade of gold in oxide is significant when compared to gold deposits in the district. There is no previous drilling between these recently completed RC holes and the Newmont Goldcorp tenement boundary.” “In addition, results were returned from the 616.9m diamond hole completed at the Anomaly 16 Prospect and co-funded by the NTGS. The hole was successful in targeting the gravity and magnetic highs interpreted to be associated with folded Dead Bullock Formation, however assays of veining and sulphides intersected are low and do not appear to be associated with a significant gold system.” “Future work at the Euro Project will incorporate the recently released NTGS airborne magnetic data with full program details to be communicated in the New Year.” | |
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