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Prosper Gold Starts Preliminary Drill Program at Matachewan Gold Project

Prosper Gold Corp. has announced that drilling has been initiated at the Matachewan Project along the Cadillac-Larder Lake Break in the Abitibi greenstone belt of northern Ontario and Quebec.

Matachewan Project. (Image credit: Prosper Gold Corp.)

The Middleton target will be the focus of the preliminary drilling. The Matachewan Project is under option from O3 Mining Inc.

We are excited to begin drill-testing the Matachewan Project as it is a regional gold target area east of the producing Young Davidson Mine. The Project is in one of Canada’s richest gold camps and has not seen adequate modern exploration in decades. We eagerly await results from our Phase 1 drill program from this substantial land parcel along the Cadillac Larder Lake Break.

Peter Bernier, CEO, Prosper Gold Corp.

Middleton Target

Middleton Target is near Middleton Lake, in the northeast region of the claim block. It is prospective for syenite-hosted gold (Au) mineralization along syenite-basalt contacts. It connects the CLLB on its north side. Four diamond drill holes and 15 percussion holes were drilled at this location between 1964 and 1997.

All four diamond drill holes intersected long intervals of vastly anomalous gold with coincident copper (Cu) mineralization. For instance, C91-2 intersected 99 m of 0.70 g/ton Au and 0.20% Cu from 20.5 m to 119.5 m in syenite. WK-4 (1997) intersected 43.5 m of 0.91 g/ton Au and 0.15% Cu including 15 m of 1.74 g/ton Au and 0.24% Cu between 215 m to 258.5 m in syenite.

The 15 percussion holes, which were completed in 1975, intersected syenite with disseminated chalcopyrite and pyrite spanning a 600 m x 200 m area. Copper and gold assay results for these holes are unavailable.

Matach Target

A 2-km stretch between Webb Lake and northeast of Moyneur Lake is the second target. It is a zone of sheared altered metasedimentary rocks intruded by small syenite bodies. It comprises historic drilling near Webb Lake and RC drill results from Pamour. Substantial thicknesses of low-grade gold mineralization were intersected in Minorex drilling near Webb Lake.

RC drill outcomes from Pamour drilling indicate higher-grade gold mineralization. Six shallow overburden holes above the Cobalt Group northeast of Moyneur Lake yielded between 0.96 and 24.6 g/ton Au.


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