Prospector Reports High-Grade Au-Ag-Cu in First Assays from the Ml Project, Yukon: Newly Identified Mineralized Corridor Extends at Least 15 km Along Trend
Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) has reported high-grade gold, silver, and copper results from initial assays at its ML Project in Yukon Territory. Key findings include:
1. A newly identified mineralized corridor extending over 15 km.
2. High-grade samples including 34.64 g/t Au, 420 g/t Ag, and 3.3% Cu.
3. Four main target areas: Cirque, Bueno, Rubble, and Java.
4. Structural controls on mineralization identified.
5. Additional 387 sample results pending.
The company plans to use these results to prioritize drill targets for 2025. The ML Project shows potential for intrusion-hosted gold, skarn-replacement, and high-grade vein targets.
Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) ha riportato risultati ad alto grado di oro, argento e rame dai primi campionamenti del suo progetto ML nel Territorio dello Yukon. I principali risultati includono:
1. Un corridoio mineralizzato recentemente identificato che si estende oltre 15 km.
2. Campioni ad alto grado tra cui 34,64 g/t Au, 420 g/t Ag e 3,3% Cu.
3. Quattro principali aree target: Cirque, Bueno, Rubble e Java.
4. Controlli strutturali sulla mineralizzazione identificati.
5. Risultati di ulteriori 387 campioni in attesa.
L'azienda prevede di utilizzare questi risultati per priorizzare i target di perforazione per il 2025. Il progetto ML presenta potenziale per oro ospitato in intrusioni, sostituzione skarn e target a vena ad alto grado.
Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) ha informado sobre resultados de alta ley de oro, plata y cobre de los primeros análisis en su Proyecto ML en el Territorio de Yukon. Los hallazgos clave incluyen:
1. Un corredor mineralizado recientemente identificado que se extiende más de 15 km.
2. Muestras de alta ley que incluyen 34,64 g/t Au, 420 g/t Ag y 3,3% Cu.
3. Cuatro áreas objetivo principales: Cirque, Bueno, Rubble y Java.
4. Controles estructurales sobre la mineralización identificados.
5. Resultados de 387 muestras adicionales pendientes.
La empresa planea utilizar estos resultados para priorizar los objetivos de perforación para 2025. El Proyecto ML muestra potencial para oro hospedado en intrusiones, reemplazo skarn y objetivos de venas de alta ley.
Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF)는 유콘 준주의 ML 프로젝트에서 고품질 금, 은 및 구리 결과를 초기 분석에서 보고했습니다. 주요 발견 사항은 다음과 같습니다:
1. 15km 이상 확장된 새로운 광물화 복도.
2. 34.64 g/t Au, 420 g/t Ag 및 3.3% Cu를 포함한 고품질 샘플.
3. 네 개의 주요 타겟 지역: Cirque, Bueno, Rubble 및 Java.
4. 발견된 광물화에 대한 구조적 제어.
5. 추가 387개 샘플 결과가 대기 중입니다.
회사는 이 결과를 이용하여 2025년 드릴링 목표를 우선 순위화할 계획입니다. ML 프로젝트는 침입성 금, 스카른 교체, 고품질 광맥 목표의 잠재력을 보여줍니다.
Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) a rapporté des résultats de haute teneur en or, argent et cuivre issus des premiers essais de son projet ML dans le territoire du Yukon. Les principales découvertes incluent :
1. Un corridor minéralisé récemment identifié s'étendant sur plus de 15 km.
2. Des échantillons de haute teneur incluant 34,64 g/t Au, 420 g/t Ag et 3,3% Cu.
3. Quatre zones cibles principales : Cirque, Bueno, Rubble et Java.
4. Des contrôles structurels sur la minéralisation identifiés.
5. Résultats de 387 échantillons supplémentaires en attente.
L'entreprise prévoit d'utiliser ces résultats pour prioriser les cibles de forage pour 2025. Le projet ML présente un potentiel pour l'or lié aux intrusions, le remplacement de skarn et les cibles de veines de haute teneur.
Die Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) hat Ergebnisse mit hohem Gehalt an Gold, Silber und Kupfer aus den ersten Analysen ihres ML-Projekts im Yukon-Territorium veröffentlicht. Zu den wichtigsten Erkenntnissen gehören:
1. Ein neu identifizierter mineralisierter Korridor, der sich über 15 km erstreckt.
2. Proben mit hohem Gehalt, darunter 34,64 g/t Au, 420 g/t Ag und 3,3% Cu.
3. Vier Hauptzielgebiete: Cirque, Bueno, Rubble und Java.
4. Strukturelle Kontrollen der Mineralisierung identifiziert.
5. Zusätzliche 387 Probenergebnisse stehen aus.
Das Unternehmen plant, diese Ergebnisse zu nutzen, um Bohrziele für 2025 zu priorisieren. Das ML-Projekt zeigt Potenzial für intrusionsgebundenes Gold, Schkarn-Ersatz und hochgradige Gangziele.
- Discovery of a new 15 km mineralized corridor, indicating significant exploration potential
- High-grade gold, silver, and copper assays, with samples up to 34.64 g/t Au, 420 g/t Ag, and 3.3% Cu
- Identification of multiple target areas (Cirque, Bueno, Rubble, Java) with promising mineralization
- Successful mapping of structural controls on mineralization, aiding future exploration efforts
- Acquisition of LiDAR and WorldView-3 datasets to enhance geological understanding
- No drilling has been conducted yet on the newly identified target areas
- Results from 387 additional rock samples are still pending, which could impact the overall assessment
Select sample highlights include:
- Cirque Area yielded 21.68 g/t Au and 17.01 g/t Au from sheeted quartz +/- tourmaline veins hosted within porphyritic intrusive rocks (never drilled).
- Bueno Area results include 34.64 g/t Au, 12.09 g/t Au, and 7.42 g/t Au and 1.8 % Cu hosted in porphyry dykes and calc-silicate altered limestone from a series of north trending structural zones (never drilled).
- Rubble Area assays up to 13.46 g/t Au,1.87 g/t Au and
3.3% Cu within a broad low lying zone interpreted to be located at the intersection of two key structural trends (never drilled). - Java Area yielded 5.91 g/t Au and 3.21 g/t Au,
2.24% Cu and 49.16 g/t Ag; located along an interpreted north trending splay extending through the previously defined North Zone.
Vancouver, British Columbia--(Newsfile Corp. - August 15, 2024) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET) ("Prospector" or the "Company") is pleased to report initial assay results from the 2024 exploration program at the ML Project located approximately 80 km from Dawson City, Yukon Territory.
During the 4-week program, a total of 520 rock grab and chip samples were collected across the property to establish the extent of the surface expression of known zones as well as sample new areas with unknown mineral potential. This news release reports results from the first 133 samples with assays from below detection to 34.64 g/t Au, 3.3 % Cu, 420 g/t Ag. The remaining sample results will be released when assays are received.
Key Point Summary
- Field mapping and prospecting by the Company revealed that high-grade Au-Ag-Cu bearing veins occur in a newly defined structural corridor that extends >15km across the claim block. This fundamental regional-scale feature is defined by a corridor of increased near-vertical fracturing and hydrothermal alteration associated with gold-bearing veins. These fracture zones cut every rock type and appear to form major dilation zones along contact zones with intrusive bodies.
- Diagnostic trace element signature of As-Te-Bi-Sb is also observed with mineralized veins and provides a useful tool build geochemical vectors for further exploration, as well as insights into the fluid sources and genesis of the mineralization.
- LiDAR and World View 3 datasets were successfully acquired, and final imagery will be posted once processing has been completed.
- Assays for 133 samples are reported here and results are pending for an additional 387 rock samples to be release when available.
A map with new assay results and the broad structural corridor at the ML Project is located here.
"Our maiden field program at ML successfully established the presence of an extensive and high-grade mineralizing system on the claim block" stated Prospector CEO Rob Carpenter. "Our team has cracked the code and assembled a predictive geological framework based on structural geology, geochemistry and geophysics which will allow us to fingerprint and prioritize drill targets for 2025 We are still waiting for results from an additional 387 rock samples, and we anticipate being able to connect a number of zones along trend".
2024 ML Field Program
The 2024 field program on the ML property encompassed:
- 520 rock grab and chip samples and initial geologic and structural mapping.
- high-resolution LiDAR: Processing underway
- WorldView-3 remote sensing survey: Processing underway
- Samples from the three known intrusive centers have been submitted for whole rock analysis and age dating.
The work was completed to assess multiple known historic prospects across the property, including previously underexplored intrusion hosted targets, and gain an understanding of key structural and lithologic controls on mineralization, with an ultimate goal of defining future drill targets. Based on the work, the Company noted a series of steeply dipping NNE trending and E-W trending structural corridors that transect the property and appear to be a primary control on mineralization in all rock types.
To date, results for 133 samples have been received and returned results below detection to 34.64 g/t Au, to 420 g/t Ag, and to
Cirque Area
Results for 12 samples from the Cirque area have been received to date. The samples ranged from trace to 23 g/t Au with three samples returning >10 g/t Au with strongly anomalous As, Bi, Cu, Sb, and Te. The mineralization is hosted within sheeted veins and fractures within a feldspar porphyritic syenite. Individual veins ranging from mm scale to 10cm thick and are associated with disseminated to massive arsenopyrite, chalcopyrite, and pyrite with quartz +/- tourmaline, tremolite, and chlorite. Mineralization appears to be most concentrated near the margin of the intrusion, within a strong ESE - WNW structural corridor.
Bueno Area
Results for 21 samples from the Cirque area have been received to date. The samples ranged from trace to 34.64 g/t Au with two samples returning >10 g/t Au with strongly anomalous Ag (up to 57.03 g/t Ag), As, Bi, Cu (up to
Rubble Area
Results for 20 samples from the Cirque area have been received to date. The samples ranged from trace to 13.46 g/t Au, up to 63.91 g/t Ag, and up to
Java Area
Results for 45 samples from the Java area have been received to date. The samples ranged from trace to 5.91 g/t Au, up to 49.16 g/t Ag, and up to
Other Areas
Results from 3 angular boulder/talus samples south and southeast of the Bueno area returned highly anomalous Ag (36.38 to 420 g/t), Pb (0.3 to
Figure 1. New Assay Results from Grab and Chip Samples at the ML Project.
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https://images.newsfilecorp.com/files/1564/220001_7d7bf027e4a2dade_002full.jpg
31 g/t Au at Bueno
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https://images.newsfilecorp.com/files/1564/220001_1.jpg
23 g/t Au at Cirque
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https://images.newsfilecorp.com/files/1564/220001_2.jpg
Fracture Sets at Bueno
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https://images.newsfilecorp.com/files/1564/220001_3_500.jpg
Java and Cirque Areas
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https://images.newsfilecorp.com/files/1564/220001_4.jpg
ML Project Overview
Historical exploration of the ML Project has outlined numerous areas of interest that are loosely defined by a combination of geographic location, host lithology, mineralization type, geochemical signature and/or geophysical response (Figure 1), including intrusion hosted gold (+copper) style, replacement-skarn style, and high-grade vein targets. In addition, there are multiple relatively unexplored mineral occurrences, many of which are high grade gold targets. A total of 117 diamond drill holes have been drilled property wide, testing six property targets. From 2005 to 2008, Dynamite Resources drilled 114 of these holes, with 23 holes at the North Vein Zone (a gold enriched skarn-replacement target) and 71 holes at Skarn Ridge (a gold - copper skarn-replacement target).
The Property hosts numerous other targets of interest which have a variety of intriguing characteristics, such as high-grade rock-soil samples, highly anomalous trench samples, unique geophysical signatures, and large areas of alteration. Additionally, there remain large parts of the property that have received little or no exploration and evaluation. Several of the lesser-known mineralized areas have undergone only cursory assessment by previous operators, thus present very attractive targets.
The property has an impressive technical data base which includes property wide airborne geophysics, satellite imagery, extensive soil and rock sampling, prospecting, selective ground geophysics, and diamond drilling (+16,700m over 117 holes). Most of this exploration took place from 2004 to 2008, a period when most drilling was focussed on two specific skarn/replacement type targets: Skarn Ridge (71 drillholes) and North Vein (23 drillholes).
Assay Methodology & QA/QC
The analytical work on the ML project was performed by MSALABS, an internationally recognized analytical services provider, located in Langley, British Columbia. All rock samples were prepared using procedure PRP-910 (Dry, crush to
The reported work was completed using industry standard procedures, including a quality assurance/quality control ("QA/QC") program consisting of the insertion of certified standard, blanks and duplicates into the sample stream. The Qualified Person has reviewed the data and detected no QA/QC issues.
Qualified Person
The technical content disclosed in this press release was reviewed and approved by Jodie Gibson, P.Geo. Advisor to Prospector, and a Qualified Person as defined under National Instrument NI 43-101 ("NI 43-101").
About Prospector Metals Corp.
Prospector Metals Corp. is a Discovery Group Company focused on district scale, early-stage exploration of gold and base metal prospects. Creating shareholder value through new discoveries, the Company identifies underexplored or overlooked mineral districts displaying important structural and mineralogical occurrences similar to more established mining operations. The majority of acquisition activity occurs in Ontario, Canada - a Tier-1 mining jurisdiction with an abundance of overlooked geological regions possessing high mineral potential. Prospector establishes and maintains relationships with local and Indigenous rightsholders, and seeking to develop partnerships and agreements that are mutually beneficial to all stakeholders.
On behalf of the Board of Directors,
Prospector Metals Corp.
Dr. Rob Carpenter, Ph.D., P.Geo.
President & CEO
For further information about Prospector Metals Corp. or this news release, please visit our website at www.prospectormetalscorp.com or contact Dr. Rob Carpenter at 604-354-6415 or by email at info@prospectormetalscorp.com.
Prospector Metals Corp. is a proud member of Discovery Group. For more information please visit: discoverygroup.ca
Forward-Looking Statement Cautions:
This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including, but not limited to, statements regarding the Company's plans with respect to the Company's projects and the timing related thereto, the merits of the Company's projects, the Company's objectives, plans and strategies, and other project opportunities. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective,", "strategy", "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or the possibility that the Company may not be able to secure permitting and other agency or governmental clearances necessary to carry out the Company's exploration plans and risks of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220001
FAQ
What are the highest gold grades reported in the ML Project assays?
How long is the newly identified mineralized corridor at the ML Project?
When does Prospector Metals Corp. (PMCOF) plan to start drilling at the ML Project?
What are the main target areas identified in the ML Project by Prospector Metals Corp. (PMCOF)?
