Business
Prosper Gold Drills 6m of 4.79 g/t Au & 118.4 g/t Ag Currie Project – Matheson, Ontario
VANCOUVER, British Columbia, Nov. 05, 2018 (GLOBE NEWSWIRE) -- Prosper Gold Corp. (“Prosper Gold” or the “Company”) (TSXV: PGX) has completed their first diamon
About this update from Prosper Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 05, 2018 (GLOBE NEWSWIRE) -- Prosper Gold Corp. (“Prosper Gold” or the “Company”) (TSXV: PGX) has completed their first diamond drill hole at the Currie Project (the “Property”) southwest of Matheson, Ontario. C001 was drilled steeply southwest to test the intersection between a NW striking structure, inferred from earlier drilling results, and the Grindstone Creek zone. Peter Bernier, President and CEO states, “We are extremely encouraged by the results of this first hole, especially the association of significant gold values with base metal mineralization. We will aggressively target the gold mineralization at diabase margins in this underexplored area of the Timmins Gold Camp.” Hole ID – C001 From (m) To (m) Interval (m)* Au g/t Ag g/t Zn % Massive Pyrite 126.4 146 19.6 1.04 118.7 1.6 incl 126.4 134 7.6 0.67 195 0.88 incl 134 140 6 0.57 47.5 0.37 incl 140 146 6 1.96 93.4 3.75 Argillite 177.5 183.5 6 4.79 118.4 N/A Banded Pyritic Phyllite 245 249.5 4.5 1.76 23.8 0.28 Banded Pyritic Phyllite 252.5 263 10.5 1.58 25.3 0.59 *True widths are unknown Significant gold/silver results are seen in four intervals. The massive pyritic unit, nearest the collar, carries gold, silver, zinc and lead values. The second interval, hosted in argillite, carries the best gold values. The third and fourth intervals, separated by diabase, are in banded pyritic phyllite. The best gold values are adjacent to the diabase that runs between the argillite and banded pyritic phyllite sections. Further work will focus on the relationship of the diabase to the gold mineralization as well as the massive pyrite unit. (Maps, striplogs, and core photos are available at www.ProsperGoldCorp.com) 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 property hosts the Grindstone Creek occurrence, a Gold-Silver-Zinc zone in massive and semi-massive pyrite-sericite schist (GCZ). The sequence strikes ESE and dips steeply southwest as interpreted from drilling. Rocks are strained and especially the felsic volcanic rocks show a strong SW dipping single phase fabric into which any earlier layering would have been transposed. The diabase, a dyke or sill, d...