Prospector Metals (TSXV: PPP) continues to discover gold at their flagship ML Property. The company released further assay results from a drill program conducted this summer, with the latest set of results focused on the Skarn Ridge- Bueno Trend.
The Skarn Ridge-Bueno Corridor is said to have now been traced for at least 1.4 kilometres, with mapping and prospecting suggesting it extends to 2.0 kilometres. The Corridor is found 4 kilometres to the southwest of the TESS discovery, with the gap said to have yielded high grade gold surface samples in limited work conducted to date.
Highlights from the results released today include:
- ML25-012: 0.72% copper over 41.15 metres from a depth of 83.0 metres
- ML25-013: 0.61% copper over 20.0 metres from a depth of 108.0 metres
- ML25-014: 2.97 g/t gold over 25.0 metres from a depth of 137.0 metres
- ML25-022: 61.45 g/t gold over 1.9 metres from a depth of 21.9 metres
- And 4.64 g/t gold over 10.0 metres from a depth of 51.0 metres
- ML25-023: 141 g/t gold over 0.5 metres from a depth of 63.75 metres
Assay results from a total of 12 holes were released this morning, with 24 holes out of 39 conducted this year now having results published. Outstanding assay results include 8 holes conducted at Skarn Ridge, 4 holes conducted at Bueno, 1 hole conducted at Tess, and 1 hole at each of Fishbowl and Lorrie.
Mineralization at Skarn Ridge to Bueno is said to be hosted in a series of north-northeast trending, steeply dipping structural zones and splays. The individual trends range from 1 to 2 metres wide up to 44 metres wide, and can be traced across multiple drill holes.
“Skarn Ridge represents a wide structural corridor hosting multiple, parallel trending gold zones which are dipping near vertical. These zones are open along trend and at depth. Skarn Ridge is a distinct zone from our newly discovered TESS Zone, separated by a 4-kilometre gap that will be further evaluated in our next phase of exploration,” commented Rob Carpenter, CEO of Prospector.
The company also indicated this morning that it has received gross proceeds of $2.4 million from the exercise of 8.0 million share purchase warrants.
Prospector Metals last traded at $0.93 on the TSX Venture.
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