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Project: | Currie | |
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Deposit: | Currie | |
Location: | Canada | |
Commodities: | Gold-Silver-Zinc | |
Date: | 11/5/2018 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 5-11-2018: Prosper Gold Corp. announces an Exploration/Drilling Update report for its Currie deposit at the Currie project. Drilling results incl. 19.6m @ 1.04g/t Au, 118.7g/t Ag, 1.6% Zn from 126.4m. Vancouver, British Columbia – November 5, 2018 – Pros | |
Resources: | x | |
CP/QP: | [Overall Report]: Dirk Pempelman-Kluit (Internal) | |
ABSTRACT: | Vancouver, British Columbia – November 5, 2018 – Prosper Gold Corp. (“Prosper Gold” or the “Company”) (TSXV: PGX) has completed their first diamond drill hole at the Currie Project (the “Property”) southwest of Matheson, Ontario. C001 was drilled steeply southwest to test the intersection between a NW striking structure, inferred from earlier drilling results, and the Grindstone Creek zone. Peter Bernier, President and CEO states, “We are extremely encouraged by the results of this first hole, especially the association of significant gold values with base metal mineralization. We will aggressively target the gold mineralization at diabase margins in this underexplored area of the Timmins Gold Camp.” Significant gold/silver results are seen in four intervals. The massive pyritic unit, nearest the collar, carries gold, silver, zinc and lead values. The second interval, hosted in argillite, carries the best gold values. The third and fourth intervals, separated by diabase, are in banded pyritic phyllite. The best gold values are adjacent to the diabase that runs between the argillite and banded pyritic phyllite sections. Further work will focus on the relationship of the diabase to the gold mineralization as well as the massive pyrite unit. (Maps, striplogs, and core photos are available at www.ProsperGoldCorp.com) Currie Project Description The 2,000 hectare Currie Project, 8 km south of the Destor-Porcupine fault, is underlain by altered volcanic and metasedimentary rocks of the Abitibi greenstone belt. The property hosts the Grindstone Creek occurrence, a Gold-Silver-Zinc zone in massive and semi-massive pyrite-sericite schist (GCZ). The sequence strikes ESE and dips steeply southwest as interpreted from drilling. Rocks are strained and especially the felsic volcanic rocks show a strong SW dipping single phase fabric into which any earlier layering would have been transposed. The diabase, a dyke or sill, dips steeply with the strata. Drill intersection modeling shows it is a branching anastomosing unit with two or three separate arms, not a | |
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