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Prodigy Gold NL
Summary
| Project: | Suplejack | |
|---|---|---|
| Deposit: | Suplejack | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-12-2018: Prodigy Gold NL announces an Exploration/Drilling Update report for its Suplejack deposit at the Suplejack project. Drilling results incl. 89m @ 0.3g/t Au from 67m. Prodigy Gold NL (‘Prodigy Gold’ or the ‘Company’) (ASX: PRX) is pleased to rep | |
| Resources: | (Resource, I+I): 4.93Mt @ 1.95g/t Au for 309.5Koz Au contained at Suplejack | |
| CP/QP: | [Overall Report]: Matt Briggs (Internal) | |
| ABSTRACT: | Prodigy Gold NL (‘Prodigy Gold’ or the ‘Company’) (ASX: PRX) is pleased to report assay results from RC drilling at the 100% owned Suplejack Gold Project in the Tanami Goldfields, Northern Territory. Prodigy Gold Managing Director Matt Briggs said: “The Suplejack RC program was designed to drill the intersection of mafic sediments with the Suplejack Fault. Holes drilled into these sediments have previously resulted in high grade intersections of 5m @ 60.9g/t Au and 6m @ 19.4g/t1 Au. The southern holes missed the sediment but instead drilled within the Suplejack Fault, a 60km+ long regional structure. Thick quartz breccias were intersected resulting in intersections of 89m @ 0.3g/t Au and 43m @ 0.4g/t Au. The holes were extended up to 50m but still remained within mineralisation with one hole ending in 0.7g/t Au after drilling through quartz breccia and pyrite for 89m. This structure is not previously known to be mineralised. Historic RAB holes drilled adjacent to the structure have failed to give any indication of the mineralisation because the oxide is depleted of gold. The historic use of soil sampling and fixed depth RAB drilling, assayed only for gold, has been recognised as a weakness in previous exploration. The structure is able to be mapped to the north and south by its geochemical signature. The discovery of the Seuss Fault without the presence of a soil gold anomaly, and now mineralisation on the Suplejack Fault demonstrates the potential for new deposits to be discovered at Suplejack.” Background The Suplejack Project is located 19km to the north of the 1.6Moz Groundrush Pit (Figure 4) and 58km to the northeast of the Central Tanami Processing Plant site. The area has historically received sporadic shallow drilling. Drilling often ended in the depleted oxide zone testing the area ineffectively. As part of its focused exploration strategy, Prodigy Gold is growing resources at Suplejack and progressing the discovery of new standalone projects. The Seuss Structure was first recognised in late 2016. Geochemical analysis of drilling in 2017 confirmed that a mafic sediment was the control of shallow high grade shoots. Subsequent drilling has focused on the | |
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