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Prophecy Development Corp.
Summary
| Project: | Pulacayo | |
|---|---|---|
| Deposit: | Pulacayo | |
| Location: | Bolivia | |
| Commodities: | Silver-Lead | |
| Date: | 3/6/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-3-2020: Prophecy Development Corp. announces an Exploration/Drilling Update report for its Pulacayo deposit at the Pulacayo project. Drilling results incl. 2m @ 93.5g/t Ag, 0.42% Pb from 75m. Vancouver, British Columbia, March 6, 2020 – Prophecy Develop | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Danniel Oosterman (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, March 6, 2020 – Prophecy Development Corp. (“Prophecy” or “the Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2N) announces that it has recently completed a 2,598-meter, 16-hole Pulacayo step out drill program. *First published January 21, 2020 Silver equivalent is calculated as follows: Ag Eq. (g/t) = Ag (g/t)*89.2% + (Pb% *(US$0.94/ lb. Pb /14.583 Troy oz/lb./US$16.50 per Troy oz. Ag)*10,000*91.9%) + (Zn% *(US$1.00/lb. Zn/14.583 Troy oz/lb./US$16.50 per Troy oz. Ag)*10,000*82.9). This calculation incorporates metallurgical recoveries from test work completed for Pulacayo in 2013. Holes ranged between vertical depths of 70 and 255 meters and were designed to test the possibility of a shallow extension of the Tajo vein system which currently hosts the Company’s NI43-101 compliant indicated resource of 30.4 Moz of silver grading 455 g/t Ag, 3.19% Zn, and 2.18% Pb and inferred resource of 6.3 Moz silver grading 406 g/t Ag, 2.08% Zn, and 3.93% Pb (see Company’s press release of November 22nd, 2017). Fourteen holes were collared to the west (Pulacayo-West), and two holes were collared to the east of the Pulacayo resource boundaries. | |
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