Jan 6 2011
Prodigy Gold Incorporated (TSX VENTURE:PDG) has announced additional assay results from its core sampling program at its 100% owned Magino Mine project located in Ontario.
Prodigy Gold (formerly Kodiak Exploration) has been systematically sampling previously unassayed sections of core from the 2006 drilling campaign, concentrating on thick intervals of disseminated gold mineralization adjacent to higher grade structures. Prodigy has split and sampled over 2,800 metres of core and is utilizing the new data in to update the gold resource estimate for the Magino Mine project.
Highlights from drill holes 06-01 through 06-10 include:
- 169.3 metres grading 1.02 gpt gold in drill hole 06-10
- 93.0 metres grading 0.74 gpt gold in drill hole 06-09
- 53.0 metres grading 1.04 gpt gold in drill hole 06-08
- 50.0 metres grading 0.87 gpt gold in drill hole 06-02
The new assays, coupled with previous drill data, is being utilized by Prodigy Gold to plan an extensive campaign of in-fill drilling, expected to begin shortly. The drill holes reported here are angle holes, therefore the depth below surface for these intercepts is 71% to 86% of the down hole distance, within the range of a potential open-pit mining operation. The geometry and grade of the Magino gold system compares favorably to several large scale low-grade gold systems currently being mined or under development in eastern Canada.
The geological information for the Magino project has been reviewed and approved by Quentin J. Browne, Prodigy Gold's Magino Project Manager, who is a qualified person under the definitions established by National Instrument 43-101.
Source: Prodigy Gold Incorporated