| Announcement Date: | 2022-08-08 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Prodigy Gold NL |
| Project name: | Lake Mackay |
| Location: | Australia |
| Commodities: | Gold,Silver,Copper,Lead,Zinc |
| Highlight: | Drilling results incl. 5.6m @ 0.18g/t Au, 1.21g/t Ag, 0.23% Cu, 0.02% Pb, 0.35% Zn from 545m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Prodigy Gold NL (ASX: PRX) (‘Prodigy Gold’ or the ‘Company’) is pleased to announce results from diamond and reverse circulation (RC) drilling at the Lake Mackay project in the Northern Territory and Western Australia. The Lake Mackay Project is a joint venture (“JV”) with IGO Limited (ASX: IGO) (“IGO”). A total of 25 RC holes and 1 diamond hole were completed at the project returning further encouraging copper results at the Phreaker prospect and anomalous gold reported in three RC holes targeting gold-in-soil anomalies (Figure 1). A highly anomalous copper result was also returned from RC drilling at the gold-in-soil anomalies, highlighting the potential for additional polymetallic occurrences across the project. Anomalous gold at Phreaker also opens the possibility for additional mineralisation closer to surface than previous results indicated. Prodigy is currently assessing the results with IGO and planning further drilling at Phreaker. The Phreaker prospect is located within the Lake Mackay JV on EL30731, 42km east of Kintore and 400km west of Alice Springs (Figure 1). The polymetallic mineralisation at the Phreaker prospect was initially discovered by IGO using airborne and follow-up ground electromagnetic (EM) surveys in 2018 and 2019. Follow-up RC drilling completed at the prospect by IGO in August 2019 confirmed that the mineralised system extends for over 750 metres of strike |
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