PGXFF - Prosper Gold: Gold Exploration in a World-Class Mining Jurisdiction

2024-03-27 17:08:02 ET

High-grade gold exploration in Red Lake, Ontario

Prosper Gold Corp's focus is on high-grade gold vein systems, modeled after its previous company, Richfield Ventures - the right type of projects at the right time in an improving gold market.

Prosper's Golden Sidewalk Project

The 16,400-hectare Golden Sidewalk project is in the western Birch-Uchi Greenstone Belt, approximately 60 km east of Red Lake, Ontario. The project is vehicle-accessible. It also straddles 12 kilometres of the Balmer Assemblage – Narrow Lake Assemblage unconformity, a regional-scale feature. This has been the Red Lake exploration guide but has seen limited exploration in the project area.

The project is a district-scale gold exploration project covering over 160 square kilometres of contiguous mineral claims and mining leases. The recently identified “Golden Corridor” lies immediately north of the unconformity in the western portion of the property. It's characterized as a highly prospective, greater than 5 kilometre trend of coincident favourable magnetic and resistivity lineaments supported by highly anomalous gold-in-till samples covering 3.3 by 0.5 kilometres. Historical drilling programs at the Bathurst Mine, Joe Vein, KT vein, Dunkin and Vihonen prospects reported high-grade gold intercepts which warrant follow-up.

Plans for Drilling

Prosper is gearing up for a 10 thousand meter drill program. Further, they have a budget of 2 million dollars and will commence in mid-May. Additionally, the company plans on doing some grassroots work on some other targets they've developed last year on the project. "What gets me the most excited is that it feels and looks as though we're on to something big," says VP of Exploration, Rory Ritchie.

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