Gold mineralization occurs as pyrite ± arsenopyrite ± fine visible gold in quartz-ankerite veins. Veins are up to 1 metre and within ankerite and/or biotite altered zones. Acicular, needle-shaped arsenopyrite (Figure 3), which is frequently observed in the
“Phase 1 reconnaissance drilling has identified a gold bearing system which will be the focus of Phase 2,” commented
Figure 1. Alteration footprint of newly identified gold-bearing hydrothermal system at the Golden Corridor.
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Phase 1 diamond drilling
Phase 1 drilling tested the structural corridor and paralleling trends (Figure 2) hypothesized to be the source of highly anomalous gold-in-till samples collected by
Figure 2. Plan map of Phase 1 reconnaissance drilling at the Golden Corridor.
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Figure 3. Acicular arsenopyrite in wallrock of quartz-ankerite vein - DD21GC035 @ 52.0 m.
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Table 1. Significant assays received to date.
Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) |
DD21GC004 | 362.7 | 364.7 | 2.0 | 2.36 |
DD21GC011 | 162.5 | 164.0 | 1.5 | 3.89 |
DD21GC020 | 249.0 | 252.0 | 3.0 | 2.03 |
incl. | 249.0 | 250.0 | 1.0 | 4.01 |
DD21GC023 | 323.0 | 353.5 | 23.25 | 0.34 |
DD21GC035 | 51.4 | 52.2 | 0.8 | 7.81 |
** true widths are unknown
Table 2. Drill collar details of specified drill holes (coordinates provided in UTM NAD83, zone 15).
Hole ID | Easting (m) | Northing (m) | Azimuth (°) | Dip (°) | Depth (m) |
DD21GC004 | 509,150 | 5,672,906 | 357 | -45 | 542.0 |
DD21GC011 | 509,041 | 5,672,950 | 0 | -45 | 209.0 |
DD21GC020 | 509,353 | 5,673,275 | 180 | -45 | 353.0 |
DD21GC023 | 510,131 | 5,672,924 | 315 | -45 | 386.0 |
DD21GC035 | 509,419 | 5,672,870 | 340 | -45 | 283.0 |
Phase 2 Diamond Drilling
Phase 2 diamond drilling will focus on defining gold mineralization along a 1 kilometre long east-west trending zone of ankerite altered basalt interbeds present within a 100 metre to 250 metre thick package of highly strained ultramafic volcanics that dips 60 to 65 degrees to the north. Phase 2 will also include drilling of additional magnetic low anomalies to the east of Phase 1 drilling, along the structural corridor and up-ice of highly anomalous till samples collected in 2021, where samples contained up to 2,858 gold grains in a 10 kg till sample.
Drill targeting will be aided by a recently completed high-resolution
About the Golden Sidewalk
The Golden Sidewalk is a district-scale gold exploration project covering over 160 square kilometres of contiguous mineral claims and mining leases (see the Company's
QA/QC Procedures
Quality assurance and quality control measures implemented by the Company include the insertion of certified reference materials in the sample sequence at a rate of 1 in 20 for both blank material and certified reference standards. Analytical results for reference standard and blank samples are scrutinized internally to ensure adequate analytical precision and accuracy in both sample preparation and instrumental procedures. A chain of custody from drilling to laboratory is strictly monitored to ensure sampling and analysis is reliable. Core samples are analyzed in 50-gram aliquots using Fire-Assay with ICP-OES finish. Any overlimit analyses (>10 g/t Au) are to be re-analyzed with a pulp metallic screen method designed to give the most accurate representation of gold concentration in each sample.
Qualified Person
The scientific and technical information in this news release has been reviewed by
For a detailed overview of
ON BEHALF OF THE BOARD OF DIRECTORS
Per: “
President & CEO
For further information, please contact:
President & CEO
Cell: (250) 316-6644
Email: Pete@ProsperGoldCorp.com
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation, statements about the planned exploration of the Golden Sidewalk project, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the
Neither the
Figure 1.
Alteration footprint of newly identified gold-bearing hydrothermal system at the Golden Corridor.
Figure 2.
Plan map of Phase 1 reconnaissance drilling at the Golden Corridor.
Figure 3.
Acicular arsenopyrite in wallrock of quartz-ankerite vein - DD21GC035 @ 52.0 m.
2021 GlobeNewswire, Inc., source