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Prodigy Gold NL
Summary
| Project: | Euro | |
|---|---|---|
| Deposit: | Euro | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-8-2019: Prodigy Gold NL announces an Exploration/Drilling Update report for its Euro deposit at the Euro project. JV - drilling results incl. 36m @ 0.65g/t Au from 104m. Prodigy Gold NL (‘Prodigy Gold’ or ‘the Company’) (ASX: PRX) provides an update on | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Matt Briggs (Internal) | |
| ABSTRACT: | Prodigy Gold NL (‘Prodigy Gold’ or ‘the Company’) (ASX: PRX) provides 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: “Final results have been received from the initial 2019 drilling campaign at the Euro Project with Newcrest. RC and diamond drilling have built upon the success of last year’s drilling with the intersection of 36m @ 0.65g/t Au including 20m @ 0.95g/t Au recorded in the north west of the Anomaly 2 target at Dune.” “Arsenic anomalism and gold mineralisation appears to intensify to the north and west of the target. An additional two lines of RC drilling have been planned to test this position in the September 2019 Quarter.” “Aircore drilling has recently been completed on our 100% owned Capstan South and Apertawonga Prospects, with further RC drilling also planned to commence at Capstan later this month. The RC program will infill around the results of 4m @ 6.1g/t Au and 9m @ 1.3g/t Au reported in December 2018.” | |
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