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Prophecy Development Corp.
Summary
| Project: | Pulacayo | |
|---|---|---|
| Deposit: | Pulacayo | |
| Location: | Bolivia | |
| Commodities: | Silver-Lead-Zinc | |
| Date: | 1/21/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-1-2020: Prophecy Development Corp. announces an Exploration/Drilling Update report for its Pulacayo deposit at the Pulacayo project. Drilling results incl. 35.5m @ 54.3g/t Ag, 4.31% Zn, 0.92% Pb from 31.5m. Vancouver, British Columbia, January 21, 2020 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Danniel Oosterman (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, January 21, 2020 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) is pleased to announce the first step-out diamond drilling results from its 100%-controlled Pulacayo silver project in the Potosi department of Bolivia. Borehole PUD 267 intercepted 10 meters of mineralization grading 147 g/t silver, 9.8% zinc, and 2.0% lead (539 g/t AgEq) within 35.5 meter mineralization grading 230 g/t AgEq starting 31.5 meters downhole. PUD 267 marks Prophecy’s first Pulacayo drill hole of the 2020 drilling campaign and the first drilling to be conducted on the property since 2012. A total of 268 historic Pulacayo drill holes were completed between 2008 and 2012 by the previous operator. The results of PUD 267 comes on the back of the success of Prophecy’s first drill campaign at Paca (7km north of Pulacayo), where PND 110 intersected highest-ever grade at Paca of 12 meters of mineralization grading 1,085g/t silver, starting 16 meters downhole (see Company’s October 28, 2019 news release). These near-surface, high-grade intersections contribute positively to a potential district-style project economic assessment with consideration of open-pit mining scenarios. There are several other targets controlled by Prophecy within the district that are yet to be drilled but highly promising (e.g., Pacamayo, Al Abra, and Pero). | |
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