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Prosper Gold Corp. Expands Cadillac-Larder Lake Land Package – Matachewan Ontario
VANCOUVER, British Columbia, May 07, 2019 (GLOBE NEWSWIRE) -- Prosper Gold Corp. (“Prosper Gold” or the “Company”) (TSXV: PGX) is pleased to announce that it ha
About this update from Prosper Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, May 07, 2019 (GLOBE NEWSWIRE) -- Prosper Gold Corp. (“Prosper Gold” or the “Company”) (TSXV: PGX) is pleased to announce that it has expanded its Matachewan Project in Ontario (the “Project”). Prosper has increased the land package by staking additional ground adjacent to the optioned and purchased claims. (See the Company’s March 1, 2016 and April 2, 2019 news releases for option and purchase details). Pete Bernier, President and CEO, comments. \"Prosper Gold’s team has identified a regional gold target area beginning 3km east of the producing Young Davidson Mine. We have greatly expanded our land position along the Cadillac Larder Lake Break and are excited to begin testing these targets.\" Project Highlights: Maps of the project boundaries and targets at www.ProsperGoldCorp.com Large prospective area (3,860 hectares) of mineral and patent claims covering 15km of the Cadillac Larder Lake Break (CLLB). Immediately east of Matachewan and 3km from the Young Davidson Mine. Favorable location and geology, including the discovery of Matachewan Consolidated and the Young Davidson mines, have driven intense exploration in this region. Two styles of gold targets: high grade gold veins and bulk gold in syenite. Young-Davidson gold occurs in syenite: a number of syenite bodies are known on the claims. First time this large, previously segmented, piece of ground has been amalgamated. Systematic drill program planned for 2019. 3 targets have been identified by Prosper Gold’s team. The first target is near Middleton Lake in the northeast part of the claim block. It is prospective for syenite-hosted gold mineralization localized along syenite-basalt contacts immediately north of the CLLB. 4 diamond drill holes and 15 percussion holes have been drilled at this target between 1964 and 1997. All four diamond drill holes in this area intersected long intervals of gold with coincident copper mineralization. Highlights include C-91-2 intersecting 99m of 0.70 g/t Au & 0.20% Cu from 20.5m to 119.5m in syenite. WK-4 (1997) intersected 43.5m of 0.91 g/t Au & 0.15% Cu including 15m of 1.74 g/t Au & 0.24% Cu between 215m to 258.5m in syenite. The 15 percussion holes, completed in 1975, intersected copper mineralization over a 600m by 200m area. These holes were not analysed for gold. The second target, a 2 km st...