Announcement Date: 2022-08-22
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Prospector Metals Corp.
Project name: Toogood
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 3.65m @ 23.9g/t Au from 4.75m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, BC – Aug 22, 2022, Prospector Metals Corp. (“Prospector” or the “Company”) (TSXV: PPP; OTCQB: ETHOF; Frankfurt: 1ET) is pleased to announce diamond drill results from the Company’s Toogood property which encompasses 118km2 of mineral claims on New World Island, Newfoundland. The 2022 maiden drill program consisted of 26 HQ-size (63.5mm core diameter) diamond drillholes totaling 2,064.5 m to test the Quinlan (19 drillholes totalling 857.5 m), Titan (6 drillholes totalling 1,056 m) discoveries, and the Sherwood target (one drillhole; 151 m). At the Quinlan Zone, drilling targeted a gold bearing felsic dyke located by surface sampling (see press release dated March 1, 2022). 19 HQ-size drillholes totaling 857.5 m identified a 1.5-4.5 m wide altered felsic dyke hosted in shale striking 020 and dipping at approximately 45 degrees to the southeast. Drilling extends the known surface expression of the dyke to 200 m in strike length and 120 m downdip. Mineralization remains open in all directions. Visible gold in core was identified in 15 of the 19 drillholes (Table 1). Drill assay results include 23.90 g/t Au over 3.65 m from 4.75m including 43.22 g/t Au over 1.95 m (22QL008), 18.27 g/t Au over 4.25 m from 41.25m including 70.31 g/t Au over 1.05 m (22QL017), and 9.40 g/t Au over 3.18 m from 9.4m including 22.76 g/t Au over 1.1 m 22QL010). See Figures 1-4 and Table 1.
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