Twitter Facebook LinkedIn YouTube

Prosper Gold reports assay results including 1 meter of 58.1 gpt gold from the 2020 channel sampling program at its Golden Sidewalk Project in Ontario

Video Platform Video Management Video Solutions Video Player

The Golden Sidewalk project is a district scale gold exploration project covering over 160 square kilometres of contiguous mineral claims, mining leases and patents in the western Birch-Uchi Greenstone Belt, approximately 60 kilometers east of Red Lake, Ontario.

Tags:

Additional Information:

Company: Prosper Gold
Website: http://www.ProsperGoldCorp.com
Stock Symbol: TSXV: PGX
Date Published: Nov 16, 2020
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Prosper Gold has reported assay results from the 2020 channel sampling program at its Golden Sidewalk Project in Ontario.

The Golden Sidewalk project is a district scale gold exploration project covering over 160 square kilometres of contiguous mineral claims, mining leases and patents in the western Birch-Uchi Greenstone Belt, approximately 60 kilometers east of Red Lake, Ontario.

Today’s results are from the Joe Vein, located 850 metres south of the historical Bathurst Mine.

At the Joe Trench, strongly sheared massive and pillowed basalts belonging to the Narrow Lake Assemblage host numerous sulphide-bearing quartz veins up to 4 metres in width.

Highlights include 58.1 grams per tonne gold over 1 meter at the Joe Vein.

Peter Bernier, CEO, stated: “The Joe Vein trench is the first of several historical prospects sampled over the course of Prosper Gold’s 2020 reconnaissance program. Several prospects were sampled and mapped, and we look forward to releasing those results in the coming weeks. We are also awaiting till survey results and are gearing up for an aggressive 2021 exploration season including diamond drilling.”


The vehicle-accessible project straddles 12 kilometres of the Balmer Assemblage – Narrow Lake Assemblage unconformity, a regional-scale feature that has been the Red Lake exploration guide, but which has seen limited exploration in the project-area.

Historical drilling program at the Bathurst Mine, Joe Vein, KT vein, Dunkin and Vihonen prospects reported high-grade gold intercepts which warrant follow-up.

Prosper Gold Corp. also holds a 51-per-cent interest in the Star copper-gold porphyry project in British Columbia in a joint venture with Firesteel Resources Inc.

The company is well-funded, having recently closed a non-brokered private placement of approximately 5.5 million units priced of $0.55 per unit for gross proceeds of $3,020,000.

The shares are trading at $0.50.

For more information, please visit the company’s website www.ProsperGoldCorp.com, contact Peter Bernier, President and CEO at 250-316-6644 (cell) or by email at Pete@ProsperGoldCorp.com.

I’m Megan Edwards for Investmentpitch Media