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Prospector Identifies Second Gold Bearing Structural Corridor, Savant Project, Ontario: Bedrock Grab Samples Yield Values up to 99.6 g/t Au at the Snowbird-Shoal Deformation Zone
Vancouver, British Columbia--(Newsfile Corp. - August 15, 2022) - Prospector Metals Corp. (T...
About this update from Prospector Metals Corp
[{"type":"text","content":"Prospector Identifies Second Gold Bearing Structural Corridor, Savant Project, Ontario: Bedrock Grab Samples Yield Values up to 99.6 g/t Au at the Snowbird-Shoal Deformation ZoneVancouver, British Columbia--(Newsfile Corp. - August 15, 2022) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: ETHOF) (FSE: 1ET) (\"Prospector\" or the \"Company\") is pleased to provide an update on its fully funded exploration program at the Savant Project in northwestern Ontario. Prospector mobilized field crews to the Savant Project in May, completing a thorough prospecting and sampling Phase 1 exploration program which included ground truthing key target areas to be followed up by drilling. A total of 594 grab samples were collected during the Phase 1 program for which all assays have now been received.Key PointsProspector defined a second, previously unrecognized, structural corridor called the Snowbird-Shoal Deformation Zone which is host to numerous gold occurrences including the Snowbird and Horseshoe occurrences (Figure 1). New sampling in previously unsampled areas around the Snowbird and Horseshoe prospects returned assays of 99.6, 60.0, 20.9, 13.25, 8.39, and 5.63 g/t Au, increasing the known mineralized strike length to 520m. Follow up check metallic screen analysis of the four highest assays remains pending.Prospector field crews previously successfully traced a significant, first-order deformation zone named the Wiggle Deformation Zone (\"WDZ\"), a key control in gold mineralization on the property. The zone extends for at least 10km and is characterized by strongly sheared and altered iron formation and greywacke. The Wiggle Creek prospect represents a strike length of 1.3km of known gold bearing structure which remains open in all directions.Assays from the Wiggle Creek prospect (Figure 1) confirm the presence of a gold bearing shear zone (6.72 and 6.13 g/t Au) characterized by sheared and silicified iron formation and related metasediments with abundant quartz veining, chloritization, and sulphide mineralization. Rock grabs, 300m and 800m along strike from the Wiggle Creek prospect assayed 2.34, 68.6, 26.5, and 4.3 g/t Au (see press release dated June 28, 2022). Follow up check metallic screen analysis of the two highest assays have now been received and returned 56.2 and 25.7 g/t Au. The check metallic screen analysis shows c...