Announcement Date: 2022-01-11
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Prospech Ltd.
Project name: Hodrusa-Hamre
Location: Slovakia
Commodities: Gold,Silver
Highlight: Drilling results incl. 1.5m @ 2.62g/t Au, 376g/t Ag from 181.3m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: The Directors of Prospech Limited (‘Prospech’ or ‘the Company’) (ASX: PRS) advise that all assay results for the Anton prospect 2021 drilling program have been received. A stacked series, gold and silver mineralised quartz veins were intersected in the drilling. This is the first modern exploration drilling at Anton where past records report mining to a depth of over 500 metres below surface. Drill sites selected by the Company for this initial drill program are generally shallower targets where historical records indicate that effective mining was prevented by water ingress due to the capability of primitive pumps of the era. The Anton target, which lies within the Company’s 100%-owned Hodrusa-Hamre exploration licence, is a large system of epithermal gold and silver of veins, with a known strike length of at least 3.5 kilometres. The broader Anton structural zone trends further for more than 6.0 kilometres into the Unverzaght and Schopfer historical mines and exploration targets.
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