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Prodigy Gold NL
Summary
| Project: | Euro | |
|---|---|---|
| Deposit: | Vivitar | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/10/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-7-2019: Prodigy Gold NL announces an Exploration/Drilling Update report for its Vivitar deposit at the Euro project. Drilling results incl. 1m @ 1.3g/t Au from 141m. Prodigy Gold NL (‘Prodigy Gold’) (ASX: PRX) is pleased to provide an update on drillin | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Matt Briggs (Internal) | |
| ABSTRACT: | Prodigy Gold NL (‘Prodigy Gold’) (ASX: PRX) is pleased to provide an update on drilling at the Euro JV Project which is part of a farm-in agreement with Newcrest (ASX: 4 July 2018). Newcrest are to sole fund up to $12M over seven years to ultimately earn up to a 75% interest in the project. The project area (‘Euro JV Project’) 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: “Drilling commenced in April testing four targets at the Euro Project with Newcrest. All samples are at the laboratory with final resultsfor the Dune Targets expected before the end of July 2019. Results have returned for drilling into the IP geophysical anomaly at Vivitar and no further work is currently planned on this target. The JV partners have now received data from the extensive Tanami airborne magnetic survey undertaken by the NTGS. The next phase of work will shift to the testing of large scale geochemical anomalies overlying anomalously magnetic rocks in the north and east of the project area. The initial aircore drilling campaign on our 100% owned Bluebush Project has recently been completed and drilling also continues on the Lake Mackay JV with IGO.” | |
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