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Prospector Outlines 2023 Exploration Plans: Initial Drilling on Fully Funded Whitton Ni-Cu Project to Begin in April/May
Vancouver, British Columbia--(Newsfile Corp. - December 13, 2022) - Prospector Metals Corp. (TS...
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[{"type":"text","content":"Prospector Outlines 2023 Exploration Plans: Initial Drilling on Fully Funded Whitton Ni-Cu Project to Begin in April/MayVancouver, British Columbia--(Newsfile Corp. - December 13, 2022) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: ETHOF) (FSE: 1ET0) (\"Prospector\" or the \"Company\") is pleased to provide an overview of the Company's 2023 drill plans at its Whitton Ni-Cu Project (formerly known as Heaven Lake Project), Savant Gold Project in northwestern Ontario, and Toogood Gold Project in Newfoundland. 2023 Exploration Plan HighlightsWhitton (Ni-Cu, Ontario, 100% owned): is located within 20 km of Impala's operating Lac des Iles platinum-palladium-nickel-copper mine, and yet the property has seen only sporadic exploration. The presence of low-grade, yet significantly anomalous Ni-Cu-PGE values in rocks with less than 5% total sulphide (disseminated) suggests that rocks with massive sulphide concentrations should yield much higher metal values. Modeling of the VTEM survey conducted in 2021 defined strong linear conductors, including the Whitton conductor which measures 3.5km in length. Subsequent 2021 prospecting and mapping successfully confirmed the presence of sulphidic mafic-ultramafic intrusive rocks, locally anomalous in Ni, Cu, and Pd-Pt (Figure 1). Following April/May 2023 ground truthing of drill targets, diamond drilling of up to 2,500m will target the newly identified, never previously drilled, shallow electromagnetic conductors (EM) to test for Ni-Cu magmatic sulphides. A multi-year exploration permit was issued at the beginning of April 2022.Savant (Au, Ontario, 70% earn-in): high grade gold mineralization at surface and in historical diamond drilling occurs over a 10 x 10 km area on the Savant Project. In the 2022 field season Prospector field crews successfully traced two significant, first-order deformation zones (\"WDZ\" and \"SSDZ\"), key controls in gold mineralization on the property (Figure 2). New 2022 sampling from previously unsampled outcrop returned assays up to 99.6 g/t Au and extended the known gold mineralization for 1.3km along strike at WDZ and for 520m at SSDZ. The planned exploration program at Savant is fully permitted and is anticipated to begin in May with property wide prospecting and drill target definition, followed by drilling of high-priority targets Toogood (Au, Newfoundland, 100% own...