- Prosper Gold (PGX) is adding a second drill to its 2021 Phase 1 diamond drilling program at its Golden Sidewalk Project
- The company is also increasing the drilling program to 15,000 metres
- Drilling will continue to focus on the newly identified Golden Corridor target area
- The project is located in the western Birch-Uchi Greenstone Belt, approximately 60 kilometres east of Red Lake, Ontario
- Proper Gold is down 0.99 per cent, trading at C$2.00 at 10:06 am ET
Prosper Gold (PGX) is adding a second drill to its 2021 Phase 1 diamond drilling program at its Golden Sidewalk Project.
The company is also increasing the drilling program to 15,000 metres.
Drilling will continue to focus on the newly identified Golden Corridor target area.
The Golden Sidewalk is a district-scale gold exploration project covering over 160 square kilometres of contiguous mineral claims and mining leases in the western Birch-Uchi Greenstone Belt, approximately 60 kilometres east of Red Lake, Ontario.
The recently-identified Golden Corridor lies immediately north of the unconformity in the western portion of the property and is 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.
“Prosper has a strong cash position and is fully funded to increase the Phase 1 drill program. We are excited to have Laframboise Drilling Inc. on site with 2 rigs. They are the most capable drillers I have come across in my 40 years in the business,” said Prosper Gold CEO Peter Bernier.
Currently, 154 till samples have been collected in 2021 along 11 kilometres of the regional unconformity – a crustal-scale fault that has been the focus of the Company’s exploration strategy to date.
Infill till sampling following 200 metre by 200 metre grid spacing to the east and west of the Golden Corridor is ongoing.
Prosper Gold is down 0.99 per cent, trading at C$2.00 at 10:06 am ET.