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Prosper Gold Corp.
Summary
| Project: | Matachewan | |
|---|---|---|
| Deposit: | Middleton | |
| Location: | Canada | |
| Commodities: | Gold-Copper-Silver | |
| Date: | 11/27/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-11-2019: Prosper Gold Corp. announces an Exploration/Drilling Update report for its Middleton deposit at the Matachewan project. Drilling results incl. 30m @ 1.11g/t Au, 0.23% Cu, 3.3g/t Ag from 149m. Vancouver, British Columbia – November 27, 2019 – | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dirk Tempelman-Kluit (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – November 27, 2019 – Prosper Gold Corp. (“Prosper Gold” or the “Company”) (TSXV: PGX) has completed the phase 1 drill program at the Matachewan Project (the “Property”). Seven diamond drill holes totaling 2,111 meters were drilled, logged, and sampled by Prosper Gold at the Middleton target and assays have been received for all 7 holes. Prosper drilled on the immediate northwest side of the Cadillac-Larder Lake Break (CLLB) and highway 66, in an area underlain by pink to red syenite and massive dark green basalt. Drilling focused where historic work outlines anomalous gold-silver-copper mineralization. It was designed to test the known mineralized zone to confirm historic work. No drilling was done to test beyond the known area laterally or to depth. New results confirm the older data and augment them. Together they define a robust mineralized system 300m by 200m and about 250 m deep with widely distributed gold-silver-copper values. Inside the broad area a zone with higher metal content, roughly 100m in diameter, 250m long, and followed in drill holes to 250m below surface plunges about 45 degrees WNW. This zone was intersected in M-03, M-04 and is seen in historic holes 91-2, WK-3, and WK-4. Mineralization is largely hosted in the altered red syenite. | |
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