Prosper Gold Receives Permits for 10,000 Metres of Drilling at Golden Sidewalk Project – Red Lake, ON
13 April 2021 - 2:00PM
Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSXV:PGX) is
pleased to announce it has received all exploration permits
required for the 2021 Phase 1 10,000 metre diamond drilling program
at the Golden Sidewalk Project (the “Project”). The Company has
selected Boart Longyear, the world's leading provider of drilling
services, drilling equipment and performance tooling for mining and
drilling companies, as the drill contractor for the Project.
“Diamond drilling at the Golden Corridor is
scheduled to commence May 15th with crews scheduled to mobilize to
site in late April to construct a camp capable of year-round
operation,” commented Peter Bernier, CEO. “We are eager to get on
the ground and have the drills turning for the first ever drill
program at the Golden Corridor Target.”
10,000 metres of diamond drilling has been
planned for Phase 1. The focus will be the Golden Corridor given
its geologic potential and favourable multi-parameter geophysics
supported by the Fall 2020 till sampling results. Permitted
activities include diamond drilling, bedrock stripping and
construction of drill access trails at the Golden Corridor and
Skinner North target areas.
The Company would like to thank all stakeholders
and government employees involved for their time and effort during
this busy time in the mineral exploration industry.
About the Golden Sidewalk
The Golden Sidewalk is a district-scale gold
exploration project covering over 160 square kilometres of
contiguous mineral claims and mining leases (see the Company's Aug.
10, Sept. 8, and Sept. 15, 2020 news releases for details) in the
western Birch-Uchi Greenstone Belt, approximately 60 km east of Red
Lake, Ontario. 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. The recently identified “Golden Corridor” lies
immediately north of the unconformity in the western portion of the
property and is characterized as a highly prospective, greater than
5 kilometre trend of coincident favourable magnetic and resistivity
lineaments supported by highly anomalous gold-in-till samples
covering 3.3 by 0.5 kilometres.
For a detailed overview of Prosper Gold visit
www.ProsperGoldCorp.com
Qualified Person
The scientific and technical information in this
news release has been reviewed by Rory Ritchie, P.Geo., a Qualified
Person under National Instrument 43-101.
ON BEHALF OF THE BOARD OF
DIRECTORS
Per: “Peter Bernier”Peter BernierPresident &
CEO
For further information, please contact:
Peter BernierPresident & CEOProsper Gold
Corp.Cell: (250) 316-6644Email: Pete@ProsperGoldCorp.com
Information set forth in this news release may
involve forward-looking statements under applicable securities
laws. Forward-looking statements are statements that relate to
future, not past, events. In this context, forward-looking
statements often address expected future business and financial
performance, and often contain words such as "anticipate",
"believe", "plan", "estimate", "expect", and "intend", statements
that an action or event "may", "might", "could", "should", or
"will" be taken or occur, or other similar expressions. All
statements, other than statements of historical fact, included
herein including, without limitation, statements about the planned
exploration of the Golden Sidewalk project, are forward-looking
statements. By their nature, forward-looking statements involve
known and unknown risks, uncertainties and other factors which may
cause our actual results, performance or achievements, or other
future events, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, the
following risks: the need for additional financing; operational
risks associated with mineral exploration; fluctuations in
commodity prices; title matters; environmental liability claims and
insurance; reliance on key personnel; the potential for conflicts
of interest among certain officers, directors or promoters with
certain other projects; the absence of dividends; competition;
dilution; the volatility of our common share price and volume and
the additional risks identified the management discussion and
analysis section of our interim and most recent annual financial
statement or other reports and filings with the TSX Venture
Exchange and applicable Canadian securities regulations.
Forward-looking statements are made based on management's beliefs,
estimates and opinions on the date that statements are made and the
Company undertakes no obligation to update forward-looking
statements if these beliefs, estimates and opinions or other
circumstances should change, except as required by applicable
securities laws. Investors are cautioned against attributing undue
certainty to forward-looking statements.
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.
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