Prosper Gold Corp. announced the start of diamond drilling at the Golden Sidewalk Project in the Red Lake Mining District, Ontario. In the larger Skinner Target Area, up to 2,500 m will be drilled at a number of never-before-tested targets.
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The Ontario Junior Exploration Program (OJEP), which will pay up to 50% of eligible exploration costs up to a maximum of $200,000 in respect of expenditures undertaken by the Company, will provide financing support to defray the costs of the upcoming drill program.
Skinner
The Skinner Target Area is a 2.5 by 1.5 km region with multiple WNW-trending shear zones and anomalous down-ice gold grain-in-till samples that coincidentally exhibit significant IP chargeability and resistivity beneath glaciofluvial cover. In November 2022, preliminary drilling in this region revealed extensive shear zones with significant sulfide mineralization that was locally gold-bearing and silica-biotite-ankerite altered.
The Company sampled this area in 2021 despite the glaciofluvial cover, and the results showed that 1,014 gold grains (97% pristine) in sample GST-21-223 and 735 gold grains (95% pristine) in sample GST-21-317 were found. The Company believes there is a high potential for higher-grade gold mineralization in the area based on geological observations from the field and the 2022 drilling.
This is especially true close to the contact between the Narrow Lake Assemblage volcanic and the Trout Lake Batholith, which is located a few hundred meters west of the 2022 drilling. Here, hornfel volcanics are more likely to fracture brittlely. The company plans to drill multiple distinct targets linked to favorable geophysical signals, highly anomalous till samples, and/or mineralized shear zones that have been previously identified.
About the Golden Sidewalk
Approximately 60 km east of Red Lake, Ontario, and 60 km northeast of Kinross Gold's Dixie Project, the Golden Sidewalk is a district-scale, 100% owned gold exploration project spanning over 160 square kilometers of contiguous mineral claims and mining leases in the western Birch-Uchi Greenstone Belt. It was purchased from Great Bear Resources in 2022.
Twelve kilometers of the Balmer Assemblage – Narrow Lake Assemblage unconformity, a regional-scale feature that has served as the Red Lake exploration guide but has received little attention in the project area, are crossed by the vehicle-accessible project.
The "Golden Corridor" is a promising trend of coincident, favorable magnetic and resistivity lineaments, supported by highly anomalous gold-in-till samples spanning 7.0 by 0.5 km. It is located immediately north of the unconformity.
The Skinner North Target Area is a highly prospective target area that was defined in 2021. In November 2022, the area was drilled for the first time. Results from the 2022 channel sampling included 9.69 gpt gold over 3.0 m, 13.13 gpt gold over 1.8 m, and till samples containing up to 1,014 gold grains.
Prosper Gold has not yet followed up on historical drilling by previous operators at the Bathurst Mine, Joe Vein, KT vein, Dunkin, and Vihonen prospects that indicated high-grade gold intercepts.
Source: https://prospergoldcorp.com/