Prospector Metals (TSXV: PPP) has drilled another high-grade intercept at the TESS Zone of its ML project in the Yukon, with hole ML26-056 returning 41.34 g/t gold over 7.81 metres.
The hole is one of six released Tuesday from the company’s 2026 summer program, and it carries a higher grade core of 2.25 metres grading 130.77 g/t gold.
Highlights from the release include:
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- ML26-056: 41.34 g/t gold over 7.81 metres from a depth of 100.62 metres
- Including 130.77 g/t gold over 2.25 metres from a depth of 105.54 metres
- ML26-054: 6.10 g/t gold, 10.76 g/t silver and 0.55% copper over 5.79 metres from a depth of 64.31 metres
- Including 15.15 g/t gold, 24.89 g/t silver and 1.22% copper over 1.95 metres from a depth of 64.31 metres
- ML26-055: 0.34 g/t gold over 20.36 metres from a depth of 81.80 metres
- ML26-048: 2.89 g/t gold, 37.90 g/t silver and 1.58% copper over 1.10 metres from a depth of 52.95 metres
Not every hole connected within the latest assay results. ML26-053 returned no significant values, while ML26-049, collared 130 metres to the west, hit TESS-style alteration with only anomalous gold and copper.
Prospector says high grade gold is now confirmed over at least 100 metres of strike, within a structural corridor traced for 400 metres and to a depth of 175 metres. New 3D modelling points to at least three plunging shoots, each open in every direction.
Rob Carpenter, president and CEO, said the company’s strategy “continues to be anchored by an appreciation for structural control,” adding that TESS resembles the plunging shoot gold systems found in metamorphic terranes such as the Canadian Shield.
The 2026 season wrapped on schedule and on budget, with 100 holes totalling 20,980 metres drilled across nine target areas. Results for 84 holes are still pending.
Prospector Metals last traded at $0.79 on the TSX Venture.
