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Prodigy Gold NL
Summary
| Project: | Lake Mackay | |
|---|---|---|
| Deposit: | Grimlock, Scuba, Phreaker | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc-Cobalt-Manganese-Nickel-Scandium | |
| Date: | 7/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-7-2019: Prodigy Gold NL announces an Exploration/Drilling Update report for its Grimlock, Scuba, Phreaker deposit at the Lake Mackay project. Drilling results incl. 14m @ 0.15g/t Au, 4.1g/t Ag, 0.84% Cu, 0.02% Pb, 0.12% Zn from 353m. Prodigy Gold NL (A | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Doug Winzar (Independence Group NL) | |
| ABSTRACT: | Prodigy Gold NL (ASX: PRX) (“Prodigy Gold” or the “Company”) is pleased to provide this update on reverse circulation (“RC”) drill holes completed at the Lake Mackay Project in the Northern Territory. The Lake Mackay Project is held in Joint Venture (“JV”) with Independence Group NL (ASX: IGO) (IGO 70%; PRX 30%). Prodigy Gold’s Managing Director Matt Briggs said: “RC drilling has identified a new prospect at Phreaker with multiple intersections more than 10m wide. Based on the intersection of sulphide in the first hole, two more holes were drilled on the same section.” “Mineralisation previously defined at the Bumblebee and Grapple Prospect is clustered in the North of the project. Phreaker is located well to the south highlighting the potential for multiple potential discoveries across the Lake Mackay Project.” “Drilling at Phreaker has defined mineralisation over 250m vertically. This is more than double that seen at Grapple and the modelled conductor associated with the EM anomaly is 1km long making this a sizable target. Drilling is planned to test the length of the target on a 200m spacing to confirm continuity of the sulphide and to explore for thicker and/or higher grade zones.” “Drilling at Grimlock has continued to find significant grades of cobalt and nickel at shallow depths over narrow intervals. Cobalt and nickel have now been defined by RC drilling over an area 4km long.” | |
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