Business
Prospector Outlines Fully Funded 2026 Drill Strategy for the ML Project, Yukon
Vancouver, British Columbia--(Newsfile Corp. - January 26, 2026) - Prospector Metals Corp. ...
About this update from Prospector Metals Corp
[{"type":"text","content":"Prospector Outlines Fully Funded 2026 Drill Strategy for the ML Project, YukonVancouver, British Columbia--(Newsfile Corp. - January 26, 2026) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET) (\"Prospector\" or the \"Company\") today provided an update on the Company's fully funded 2026 drill campaign on the ML Project in the Yukon.Key Point Summary:Prospector's 2026 drilling program will include 25,000 meters. All required land use permits are in place, and three drill rigs have been secured with drilling expected to begin in May 2026.The total budget for the 2026 exploration work is estimated at approximately $15 million. Prospector currently has over $42 million in cash and cash equivalents, so the Company is well funded for this program maintaining a strong balance sheet through 2026 (See Prospector news release November 26th, 2025).Initial drilling will be focussed on the newly discovered TESS Zone (See Prospector news release October 1st, 2025). The first holes will target expansion of mineralization along trend and to depth.The 2026 drill program will also test newly generated and previously undrilled TESS \"look-alike\" targets which have been identified within a 4 km radius of the TESS Zone.A detailed review of the datasets that cover the 108.69, sq km ML project area following the 2025 program has identified a number of high priority drill targets which will also be tested in 2026. Key targets include Skarn Ridge, and several newly generated targets that have not been previously drill tested (See Prospector news release November 26th, 2025).TESS Zone Expansion DrillingThe first holes of the 2026 season will be drilled at the newly discovered TESS Zone. To date, two holes have been drilled at TESS and both yielded wide intervals of high-grade gold, copper, and silver, including 13.79 g/t Au, 1.84% Cu and 38.08 g/t Ag over 44m from hole ML25-31(1) and 7.29 g/t Au, 0.91% Cu and 24.98 g/t Ag over 14m from hole ML25-32(2). The TESS Zone is hosted in a near-vertical structural corridor, and our 2026 drill plan will systematically test this structure along trend and to depth. Ongoing in-house technical work is currently refining proposed final collar locations and will be reviewed and approved by the ML Technical Committee. Evaluation of the alteration, mineralization, and structural controls of ...