Business
Prosper Gold Corp. Options Drill Ready Currie Project; Expands Land Package near Matheson, Ontario
QUESNEL, British Columbia, March 05, 2018 (GLOBE NEWSWIRE) -- Prosper Gold Corp. (“Prosper Gold” or the “Company”) (TSXV:PGX) is pleased to announce that it has
About this update from Prosper Gold Corp.
[{"type":"text","content":"QUESNEL, British Columbia, March 05, 2018 (GLOBE NEWSWIRE) -- Prosper Gold Corp. (“Prosper Gold” or the “Company”) (TSXV:PGX) is pleased to announce that it has entered into a definitive agreement (the “Option Agreement”) with two individuals (the “Vendors”), whereby the Vendors have granted the Company the option to acquire a 100% interest in the mining claims comprising the Currie Project (the “Currie”). Currie Project Description The 2,000 hectare Currie Project, 8 km south of the Destor-Porcupine fault, is underlain by altered volcanic and metasedimentary rocks of the Abitibi greenstone belt. The Currie is 9 km north of Prosper Gold’s newly optioned Egan Gold Project (See the January 23, 2018 News Release). The property hosts the Grindstone Creek occurrence, a Gold-Silver-Zinc zone in massive and semi-massive pyrite-sericite schist (GCZ). The GCZ is trends east-west and is hosted by graphitic phyllite cut by felsic dykes and bounded on the north and south by volcanic rocks. Diamond drilling at Grindstone Creek has intersected Au and Ag mineralization in a 250 m long northwest trending zone between 100 m and 350 m depth. Locally significant zinc values are associated with the gold values. Targets remain to be tested along strike and down plunge of the historic diamond drill intersections. Highlights: 1999/2000 DDH: CB-04: 2.08 g/t Au, 19 g/t Ag, 0.5% Zn over 18.9 metres including 3.38 g/t Au,14 g/t Ag, 0.6% Zn over 8.0 metres 1999/2000 DDH: CB-07: 2.07 g/t Au, 132 g/t Ag, 3% Zn over 2.1 metres And 2.6 g/t Au, 8.2 g/t Ag, 0.19% Zn over 5.05 metres Holes intersected a 30 to 50 meter zone of locally auriferous pyrite-sericite schist Contiguous to Prosper Gold’s Egan discovery Covers an interpreted fault within the altered felsic and intermediate volcanic rocks as defined by the regional geophysical surveys completed by the Ontario Geological Survey Peter Bernier, President and CEO states, “The Currie Project, with the drill ready Grindstone Creek occurrence, is a great addition to our Ontario project portfolio. It increases our land position to 10,000 hectares and we look forward to aggressively exploring this very exciting and historically under-explored portion of the Timmins gold camp.” Qualified Person The technical information in this news release has been reviewed and approved by Dirk Tempelman-Kluit, PhD, P.Geo...