- Prudent Minerals (PRUD) executes option to acquire the ABE Gold Project in Colombia
- The ABE Project is located 70 km south of Medellín, Colombia, and covers 4,512 ha
- Gold mineralization at ABE is hosted in quartz veins in an orogenic/mesothermal setting, analogous to the past producing Berlin Gold Deposit
- There is geochemistry over 119 ha within the ABE mining concession identifying gold targets
- Currently, the IP survey will cover the historical mines and Purimac mine hosted in the Purimac Mineralized Shear Zone
- Prudent Minerals (PRUD) is up over 16.50 per cent, trading at C$0.14 at 10:10 am EST
Prudent Minerals (PRUD) has agreed to acquire 100 per cent of the shares of Berlin Precious Metals.
The company also has the right to earn 100 per cent of the ABE Gold Project.
The ABE Project is located 70 km south of Medellín, Colombia, and covers 4,512 ha and a 110 ha mining concession that covers the Purimac gold mine.
Gold mineralization at ABE is hosted in quartz veins in an orogenic/mesothermal setting, analogous to the past producing Berlin Gold Deposit.
The Berlin Gold Deposit has located 150 km to the north of ABE in an identical geological setting.
“Prudent believes ABE has the large-scale potential, and initial modern exploration only commenced in late 2020,” commented Prudent President Brett Matich.
The quartz vein-hosted mineralization is located along a 30 m wide structural corridor that has been traced for over 2 km and mined underground over 17 levels and 2 km along strike; mineralization remains open in all directions.
The mined mineralized shoots averaged a grade of 26 g/t ton, with highlight muck grab samples of 96 g/t Au.
Exploration by Berlin over the last 20 months includes mapping at the Purimac mine, LIDAR over 20-km², and geochemistry over 119 ha within the ABE mining concession identifying gold targets.
Highlight gold values of 3.4 g/t in surface soil samples and 6.61 g/t inaccessible historic mines have been recorded.
Additionally, ground magnetics were completed over 137ha. Further, 27-line-km of IP surveying at 100m and 200m line spacing is nearing completion.
“Prudent plans to complete modelling and field work for drill delineation and permitting,” he concluded.
A Ground Magnetic Survey covering 137 ha was done in 2022 and indicated a strong correlation between gold mineralization and magnetic highs.
The historical mines and Purimac mine all correlate to the magnetic highs. The Magnetic Survey also indicates more potential area to the south along the projected strike length of the Purimac Mineralized Shear Zone.
A Ground Induced Polarisation Geophysics Survey is in progress and shows a southern strike length extension of the known Purimac Mineralized Shear Zone.
The survey consists of 27-line-km lines spaced 100 m and 200 m apart.
Currently, the IP survey will cover the historical mines and Purimac mine hosted in the Purimac Mineralized Shear Zone.
The geologic model is always ongoing and becoming more detailed as exploration work gives the geologic team more information.
The ABE Gold Project has established good social relationships with local landowners and the community.
The project area is accessible by public roads and safe to explore, containing excellent infrastructures such as high voltage electricity, hydroelectric stations, good communication, and water.
The local mayor and community leaders support our efforts of exploration.
Prudent Minerals is a publicly listed Canadian company conducting exploration on its SAT Property in British Colombia, Canada.
Prudent Minerals (PRUD) is up over 16.50 per cent, trading at C$0.14 at 10:10 am EST.