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Prosper Gold Enters Into Option Agreement to Acquire 100% of Kaza and Northstar Properties in British Columbia, Canada
VANCOUVER, British Columbia, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Prosper Gold Corp. (“Prosper Gold” or the “Company”) (TSXV:PGX) is pleased to announce that the C
About this update from Prosper Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Prosper Gold Corp. (“Prosper Gold” or the “Company”) (TSXV:PGX) is pleased to announce that the Company has entered into a definitive option agreement (the “Option Agreement”) with several individuals (collectively, the “Optionors”), whereby the Optionors have granted the Company the option to acquire a 100% interest (the “Option”) in the Kaza and Northstar properties (collectively, the “Cyprus Project”). Project Highlights: Historical drill intercepts include 0.55% copper over 138.3 metres Historical trench sampling includes 1.68% copper over 23.0 metres Over 1% copper and up to 5.1 gpt gold in historical soil sampling Two road-accessible copper-gold porphyry prospects approximately 10 km apart A combined 6,573 metres of drilling in 69 drill holes “Prosper has been evaluating this copper-gold exploration opportunity for the past 8 months,” commented Peter Bernier, CEO. “The immediate exploration potential at both Kaza and Northstar is clearly evident and we are keen to implement our exploration strategy for this project.” The road-accessible Cyprus Project is situated in north-central British Columbia, Canada (Figure 1). Comprised of two sets of mineral claims, the Kaza claims and the Northstar claims, the Project totals 1,368 hectares which encompass the historical Kaza and Northstar copper prospects. The Kaza Claims The Kaza claims total 450 hectares contain the historical Kaza copper-gold prospect. Extensive geochemical, geophysical and geological surveys, as well as historical drilling activities, have outlined a 2,000 metre by 600 metre footprint of high-level porphyry copper-gold mineralization and hydrothermal alteration. Highly anomalous copper-gold soil and rock geochemistry are spatially coincident with feldspar porphyry dikes, high IP chargeability and low magnetic response (Figure 2). Historical soil samples up to 5.09 gpt gold and 10,000 ppm copper exist at the Kaza prospect. Surface chip samples from 1973 include 0.88% copper, 15.4 gpt gold and 120 gpt silver over 4.0 metres. Historical drill intercepts include 0.88% copper, 15.4 gpt gold and 127 gpt silver over 1.2 metres in drill hole 68-9. Drill results from the most recent drilling program in 2004 at the Kaza prospect include 0.12% copper and 0.24 gpt gold over 8.2 metres in drill hole KZ-04-01. T...