Exploration Target Highlights:
- Dixie Trend – 1.8 km x 1 km area of epithermal alteration and gold mineralization with 26 historical small-scale mine workings. No historical drilling.
Klondyke trend – 1 km x 1 km area host to several zones of epithermal gold mineralization, including past producing open-pit and undergroundKlondyke Mine .- Golden Door Trend – 1.5 x 1 km area host to several past-producing, high grade gold mine workings with only shallow drilling (average depth of 34 m).
“There are a number of highly prospective exploration targets on the project. The Dixie Trend with widespread high-grade gold at surface, anomalous gold-in-soil and 26 historical small-scale mine workings has not seen a single drill hole,” commented
Exploration to date by historical operators has outlined several mineralized zones through relatively shallow drilling along with additional targets outlined through geochemical and geophysical surveys which have not been drill tested. Extensive alteration and widespread gold mineralization outlines three mineralized trends: the Golden Door, the
Figure 1. Map showing compiled historical rock sampling results (gold) and location of historical workings/prospects of three mineralized gold trends at the
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Dixie Trend
The Dixie Trend is characterized by moderately to steeply dipping quartz-calcite ± adularia-chalcedony veins flanked by quartz-sericite-pyrite alteration within a 1.8 km by 1 km area. Historical composite chip sampling results of up to 4.0 m grading 15.8 gpt gold show potential for high-grade gold at the Dixie Trend. Despite the presence of widespread high-grade gold at surface, anomalous gold-in-soil and 26 historical mine workings this area has never been drilled.
Historical mine workings in the area range from short adits to the relatively large
Figure 2. Map of Dixie Trend area showing historical soil and rock geochemistry (gold) relative to historical prospects and workings, underlain by property geology.
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Figure 3. Select 2020 rock sampling results from the Dixie Trend area. A) Sampling of quartz-calcite vein breccia at adit of Jamie prospect. B) Massive calcite-quartz vein at Cottonwood prospect. C) Grab sampling of quartz-calcite veining near Dixie Queen mine entrance. D) Sampling of sheeted calcite-quartz veinlets at Jack’s Hill prospect.
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Klondyke Trend
The Klondyke Trend, situated in the central portion of the
A total of 373 historical drill holes with an average length of 43.4 metres completed by historical operators in the 1980’s and 1990’s primarily focused on defining shallow oxide gold mineralization in and around the area of the past-producing
The Apex prospect, approximately 500 m north of the center of the
Figure 4. Maps showing geologic and alteration mapping of Klondyke Trend, with soil and rock geochemistry and select historical drill intercepts
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Figure 5. Select 2020 rock sampling results from the Klondyke Trend area. A) Composite chip sampling of brecciated quartz-chalcedony-calcite veins in hanging wall of
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Golden Door Trend
The Golden Door Trend comprises a 1.5 km by 1 km area with 6 historical small-scale mine workings. Gold mineralization in this portion of the property consists primarily of sub-horizontal quartz-calcite ± chalcedony-adularia veins, vein breccias and mineralized tectonic breccias.
Of the six significant prospects five have seen shallow Reverse Circulation and Rotary Air Blast drilling. Historical drill results include 6.75 gpt gold over 7.6 m in drill hole M81R-035 at the Golden Ram prospect, 8.1 gpt gold over 4.6 m in drill hole M87A-083 at the Golden Door prospect and 1.39 gpt gold over 35.1 metres in drill hole M80R-149 at the Scout prospect.
The Red Gap prospect in the northwestern portion of the Golden Door Trend has seen no drilling to date. The prospect has locally high-grade gold mineralization coincident with highly anomalous gold-in-soil geochemistry over an area of 600 m by 250 m. The majority of historical workings within the Golden Door Trend underlie the Red Gap prospect where silicified rhyolites yielded 8.91 gpt gold over 1.6 m in 2020 chip sampling.
Figure 6. Map of Golden Door Trend showing historical soil and rock geochemistry relative to historical prospects and workings, underlain by property geology. Select historical drill intercepts shown.
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Figure 7. Select 2020 rock sampling results from the Golden Door Trend area. A) Sampled quartz-calcite vein breccia with variable banding and lattice texture at Scout prospect. B) Quartz-chalcedony vein breccia near Jim & Jerry mine entrance. C) Sampling of multi-stage vein breccia with abundant chalcedony at Golden Door prospect. D) Chip sampling of silicified rhyolite with quartz stockwork veining and iron-oxide at Red Gap prospect.
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About
The Golden Sidewalk is a district-scale Archean orogenic gold exploration project covering over 160 square kilometres of contiguous mineral claims and mining leases in the western
Qualified Person
The scientific and technical information in this news release has been reviewed by
For an 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 terms of the Option Agreement, exploration potential of the Property, the planned exploration of the Property and granting the Royalty 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; the Company’s ability to satisfy conditions precedent under the Option Agreement; 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
Map showing compiled historical rock sampling results (gold) and location of historical workings/prospects of three mineralized gold trends at the Mohave Gold Project .
Figure 2
Map of Dixie Trend area showing historical soil and rock geochemistry (gold) relative to historical prospects and workings, underlain by property geology.
Figure 3
Select 2020 rock sampling results from the Dixie Trend area. A) Sampling of quartz-calcite vein breccia at adit of Jamie prospect. B) Massive calcite-quartz vein at Cottonwood prospect. C) Grab sampling of quartz-calcite veining near Dixie Queen mine entrance. D) Sampling of sheeted calcite-quartz veinlets at Jack’s Hill prospect.
Figure 4
Maps showing geologic and alteration mapping of Klondyke Trend, with soil and rock geochemistry and select historical drill intercepts
Figure 5
Select 2020 rock sampling results from the Klondyke Trend area. A) Composite chip sampling of brecciated quartz-chalcedony-calcite veins in hanging wall of Klondyke fault. B) Sampled vein breccia composed of brecciated chalcedony vein cemented by banded quartz-calcite veins at Klondyke Mine prospect. C) Sampling of chalcedony breccia in footwall of fault at the Apex prospect. D) Sub-vertical swarm of chalcedony and calcite veins at North Klondyke prospect.
Figure 6
Map of Golden Door Trend showing historical soil and rock geochemistry relative to historical prospects and workings, underlain by property geology. Select historical drill intercepts shown.
Figure 7
Select 2020 rock sampling results from the Golden Door Trend area. A) Sampled quartz-calcite vein breccia with variable banding and lattice texture at Scout prospect. B) Quartz-chalcedony vein breccia near Jim & Jerry mine entrance. C) Sampling of multi-stage vein breccia with abundant chalcedony at Golden Door prospect. D) Chip sampling of silicified rhyolite with quartz stockwork veining and iron-oxide at Red Gap prospect.
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