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Prosper Gold Reports Drill Results and Outlines Additional Targets at Golden Sidewalk Project, Red Lake, ON
VANCOUVER, British Columbia, May 17, 2022 (GLOBE NEWSWIRE) -- Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSXV:PGX) reports remaining results from its
About this update from Prosper Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, May 17, 2022 (GLOBE NEWSWIRE) -- Prosper Gold Corp. (\"Prosper Gold\" or the \"Company\") (TSXV:PGX) reports remaining results from its inaugural drilling program and the outlining of an additional high-priority, kilometre-scale target at the Golden Sidewalk Project Red Lake, Ontario. Golden Corridor Diamond Drilling Over the course of its 2022 winter drilling program, the Company has completed 6,741 metres in 21 drill holes over 2.8 kilometres of the Golden Corridor trend (Figure 1). Drilling continues to outline a large hydrothermal system with associated ankerite ± biotite alteration and gold mineralization over a 2.8 kilometres long trend and to depths of over 500 m. Significant gold intercepts are outlined in Table 1 below. Mineralization encountered in drilling at the Golden Corridor to date occurs in three dominant styles: Arsenopyrite-pyrite-pyrrhotite ± gold in quartz-carbonate veins. Pyrite ± gold in quartz-ankerite veins within mafic interbeds internal to sheared ultramafic unit. Arsenopyrite-pyrite-pyrrhotite replacing sulphide and oxide facies Banded Iron Formation and associated with silicification ± quartz veining. “The Company has been aggressively drilling the Golden Corridor for the past eleven months, as well as developing additional target areas on our large land position,” commented Peter Bernier, CEO. “Moving forward, we look to advance and drill test the most compelling targets outlined in 2021 which will include targeting higher grade domains at the Golden Corridor.” The Company has commissioned a third-party structural study on the 2021/2022 Golden Corridor drilling. Interpretation of all oriented core and televiewer data will provide insight into targeting higher grade domains within the varying lithological and structural settings (Figures 2 & 3) that make up the overall hydrothermal system. Table 1. Significant assays from 2022 diamond drilling. Hole ID From (m) To (m) Interval (m) Au (g/t) DD22GC068 393.65 399.53 5.88 3.13 and 429.5 431 1.50 1.86 DD22GC070 33.2 34.7 1.50 1.18 and 80.72 81.22 0.50 1.85 and 159...