| Announcement Date: | 2022-01-17 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Prosper Gold Corp. |
| Project name: | Golden Sidewalk |
| Location: | Canada |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 0.55m @ 22.7g/t Au from 76.55m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, British Columbia – January 17th, 2022 – Prosper Gold Corp. (“Prosper Gold” or the “Company”) (TSXV:PGX) is pleased to report that it has now intersected gold mineralization along 2.8 kilometres of the Golden Corridor trend at the Golden Sidewalk Project Red Lake, Ontario. The Company has completed reconnaissance drilling totaling 21,103 metres in 66 diamond drill holes over 4.8 kilometres of the Golden Corridor (Figure 1). Drilling continues to outline a large hydrothermal system, intersecting ankerite ± biotite alteration with gold mineralization (Figure 2). The hydrothermal system drilled to date is approximately 2.8 kilometres long and remains open to the east. Mineralization and alteration assemblages are relatively consistent along the mineralized trend. Pyrite ± arsenopyrite ± visible gold occurs in quartz-ankerite ± biotite veins and within silica-ankerite ± biotite altered wallrock. The Company has planned a series of deeper drill holes in the western portion of the system as vein thicknesses and hydrothermal alteration intensities are increasing at depth. Drill holes designed to test approximately |
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