Announcement Date: 2022-09-26
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Prospech Ltd.
Project name: Hodrusa
Location: Slovakia
Commodities: Gold,Silver
Highlight: Drilling results incl. 2.2m at 1.08g/t Au, 112g/t Ag from 572m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: The Directors of Prospech Limited (‘Prospech’ or ‘the Company’) (ASX: PRS) are pleased to report results for Phase 2 drilling at the Schopfer gold-silver prospect within the Hodrusa exploration licence, located in the Central Slovakian neovolcanic belt. The Schopfer vein has estimated historical production of 1 million tonnes at 2 to 5 g/t gold and 200 to 500 g/t silver for a total 64 to 160k ounces of gold and 6 to 16 million ounces of silver. Although the Schopfer Vein structure is visually strong, and there is a significant thickness of stockwork veining in the hanging wall, it is clear from the assays that SCDD025 missed one of the high-grade shoots evidenced by the historical underground sampling. A total of 20 BQ diamond core holes were completed in 2018 averaging 5 metres in depth using a handheld portable diamond rig. Previously, four surface diamond holes were completed in 2017, targeting the Luisa Shoot 500m south of the current target area under the ‘Main’ shoot. Previously reported results (refer PRS:ASX Announcement 5 July 2022) from the BQ Underground micro-drilling drilling include
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