- Prosper Gold (PGX) has announced it has been approved for all exploration permits so it can move ahead with its 2021 Phase 1 drilling program at the Golden Sidewalk Project
- Roughly 10,000 metres of diamond drilling has been planned for the first phase
- It is expected drilling will begin on May 15, 2021
- The project is located in the western Birch-Uchi Greenstone belt, roughly 60 kilometres east from Red Lake, Ontario
- Shares of Prosper Gold spiked 6.13 per cent to C$1.73 as of 2:35 p.m. EDT
Prosper Gold (TSXV:PGX) is moving forward with its Phase 1 drilling program at the Golden Sidewalk Project.
At least 10,000 metres of diamond drilling is scheduled for Phase 1, with the primary focus on the Golden Corridor.
The exploration permit Prosper Gold received includes diamond drilling, bedrock stripping and construction of drill access trails at both the Golden Corridor and Skinner North regions.
According to the company, drilling is slated to begin on May 15 2021.
“We are eager to get on the ground and have the drills turning for the first ever drill program at the Golden Corridor Target,” Peter Bernier, CEO of Prosper Gold, said in a press release.
The Golden Sidewalk is a gold exploration project spanning over 160 square kilometres of contigeous mineral clams and mining leases.
The project consists of 12 kilometres of the Balmer Assemblage-Narrow Lake Assemblage uncomformity.
Headquartered in Vancouver, BC, Prosper Gold is focused on its flagship Golden Sidewalk Project, which is located in a region that has had limited exploration.
Shares of Prosper Gold spiked 6.13 per cent to C$1.73 as of 2:35 p.m. EDT.