Prosper Gold Adds Second Drill at the Golden Corridor and Increases Drilling to 15,000 metres – Red Lake, ON
22 Juni 2021 - 2:00PM
Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSXV:PGX) is
pleased to announce that it has added a second drill and increased
the 2021 Phase 1 diamond drilling program to 15,000 metres at the
Golden Sidewalk Project (the “Project”). Drilling will continue to
focus on the newly identified Golden Corridor target area. (for
details of the Golden Corridor see the Company’s Dec. 1, 2020 news
release).
“Prosper has a strong cash position and is fully
funded to increase the Phase 1 drill program,” commented Peter
Bernier, CEO. “We are excited to have Laframboise Drilling Inc. on
site with 2 rigs. They are the most capable drillers I have come
across in my 40 years in the business.”
Till Sampling Update
154 till samples have been collected in 2021
along 11 kilometres of the regional unconformity – a crustal-scale
fault that has been the focus of the Company’s exploration strategy
to date. Infill till sampling following 200 metre by 200 metre grid
spacing to the east and west of the Golden Corridor is ongoing.
Samples have been shipped to Overburden Drilling Management Ltd. in
Nepean, Ontario for processing.
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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