- Prospector Metals (TSXV:PPP) reported a new discovery in final assay results from drillhole ML25-31 at its 10,869-hectare ML project in the Yukon, yielding 13.79 grams per ton (g/t) of gold, 38.08 g/t silver and 1.84 per cent copper over 44 metres
- Prospector Metals is dedicated to district-scale, early-stage exploration for gold and base metals in underexplored mineral districts
- The Yukon gold stock is up by 162.20 per cent on the news trading at C$0.80 as of 10:01 am ET
Prospector Metals (TSXV:PPP) reported a new discovery in final assay results from drillhole ML25-31 at its 10,869-hectare ML project in the Yukon, yielding 13.79 grams per ton (g/t) of gold, 38.08 g/t silver and 1.84 per cent copper over 44 metres. The project is only 25 km from the past-producing Brewery Creek gold mine.
The drillhole uncovered a previously unknown high-grade gold and copper zone, now known as the TESS Zone, from 62 – 106 m downhole, representing the widest high-grade gold intercept drilled to date on the ML project.
According to Wednesday’s news release, mineralization remains open at depth and along trend, with follow-up mapping and prospecting beyond ML25-31 revealing numerous altered and mineralized surface occurrences along the projected trace of several mineralized corridors, suggesting the presence of more TESS-style zones.
To date, Prospector has received assays for 12 of 39 drillholes from the 2025 program.
Management commentary
“This discovery represents an exciting new style of gold mineralization for the ML project,” Rob Carpenter, president, chief executive officer and co-chairman of Prospector Metals, said in a statement. “The high-grade and near-surface intercept occurs within a distinct zone that is coincident with a diagnostic surface geochemical signature. Our team has successfully traced this trend on surface for at least 500 m. Moreover, analyses of project-wide datasets reveal the presence of numerous similar structural features that have not previously been drill tested.”
“The high-grade gold and copper mineralization on the Tess is a new and very unique style of reduced-intrusion-related gold mineralization and demonstrates the potential for very high-grade mineralization on the margins of these systems outside of ‘typical’ intrusive host rocks,” added Jodie Gibson, Prospector’s vice president of exploration. “At ML, our exploration to date, combined with assessment of historic data, indicate multiple target areas with a similar geologic, structural and geochemical setting as the Tess-North Vein area.”
About Prospector Metals
Prospector Metals, a member of the Discovery Group, is dedicated to district-scale, early-stage exploration for gold and base metals in underexplored mineral districts. The company’s portfolio includes projects in Ontario and the Yukon.
The Yukon gold stock (TSXV:PPP) is up by 162.20 per cent on the news trading at C$0.80 as of 10:01 am ET. The stock has added 515.38 per cent year-over-year.
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