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Prosperity Goldfields Reports Initial Summer Exploration Results from Kiyuk Lake

Prosperity Goldfields has reported the preliminary results from the summer exploration campaign recently completed at the Kiyuk Lake located in Nunavut.

Gridded percentile image of gold values from property wide till sampling.

It has obtained all the assay results from the property wide till sampling campaign, and is processing other sampling campaign results.

The company identified five fresh gold anomaly regions, whose value range from 26 to 54 ppb gold. Majority of these anomalies were discovered as areas of interest from preliminary field-portable XRF results, together with prospecting and mapping traverses performed during the summer campaign.

The regional till sampling campaign included collection of sample material between 1 and 2 kg on an offset grid, which was vertically oriented towards the average ice flow direction, together with sample locations spaced roughly 1 km apart across the entire property. The company compiled 586 regional samples from C-horizon till. Sample sites were amended to eliminate  low-lying regions, where it was very difficult to obtain C-horizon.

Samples gathered adjacent to the prominent bedrock mineralization areas yielded anomalous values of gold in till that ranges from 28.8 to 271 ppb gold. This mineralized trend confirms the sample spacing employed  in the regional till survey and outlines a popular regional till gold anomaly. Pathfinder elements related to gold anomaly contain antimony, arsenic and tungsten. They support certain regional gold anomalies and also further regions for follow-up exploration.

The company’s property-wide geochemical survey has enhanced the understanding of the prominent mineralized zones and offered a basis  to evaluate fresh anomalous regions. Assay results for the rock samples and the comprehensive grid till samples are pending. The rock mapping and sampling, and the grid and regional till sampling carried out in the summer field season will aid in prioritizing target areas and drill program in 2013.

Source: http://prosperitygoldfields.com/

Joel Scanlon

Written by

Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.

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