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Prosper Gold’s Winter Drilling Strategy at the Golden Sidewalk Project

Prosper Gold Corp. has announced the details of its planned diamond drilling program at the Golden Sidewalk Project in the Red Lake Mining District, Ontario, which will begin in the first week of January 2024. The Skinner Target Area will have up to 2,500 m of drilling performed.

Prosper Gold’s Winter Drilling Strategy at the Golden Sidewalk Project

IP geophysics and proposed drill holes at Skinner Target Area. Image Credit: Prosper Gold Corp.

Skinner

A 2.5 km by 1.5 km region with concomitant high IP changeability and resistivity under glaciofluvial cover, the Skinner Target Area has several WNW-trending shear zones and abnormal down-ice gold grain-in-till samples. In November 2022, preliminary drilling in this region revealed extensive shear zones with significant sulfide mineralization that was locally gold-bearing, as well as silica-biotite-ankerite alteration.

The company sampled this region in 2021 despite the glaciofluvial cover, and the findings showed 1,014 gold grains (97% pristine) in sample GST-21-223 and 735 gold grains (95% pristine) in sample GST-21-317. The company sampled this region in 2021 despite the glaciofluvial cover, and the findings showed 1,014 gold grains (97% pristine) in sample GST-21-223 and 735 gold grains (95% pristine) in sample GST-21-317.

The company believes there is a high potential for higher-grade gold mineralization in the area based on geological observations from the field and the 2022 drilling. This is especially true close to the contact between the Narrow Lake Assemblage volcanics and the Trout Lake Batholith, which is located a few hundred meters west of the 2022 drilling.

Here, hornfelsed volcanics are more likely to fracture brittlely. The company plans to drill many distinct targets linked to favorable geophysical signals, highly anomalous till samples, and/or mineralized shear zones that have been previously identified.

About the Golden Sidewalk

The Golden Sidewalk is a district-scale, fully-owned gold exploration project spanning more than 160 square kilometers of contiguous mining leases and mineral claims in the western Birch-Uchi Greenstone Belt. It was purchased from Great Bear Resources in 2022 and is located about 60 km northeast of Kinross Gold’s Dixie Project and 60 km east of Red Lake, Ontario.

The 12-km Balmer Assemblage-Narrow Lake Assemblage unconformity, a regional feature that has served as the Red Lake exploration guide, is crossed by the vehicle-accessible project. However, little research has been done in this area.

The “Golden Corridor” is a very promising trend of concurrent favorable magnetic and resistivity lineaments supported by highly anomalous gold-in-till samples that extend 7.0 by 0.5 km north of the unconformity.

An additional highly prospective target area, known as the Skinner North Target Area, was defined in 2021 and drilled for the first time in November 2022, with 2022 channel sampling results including 9.69 gpt gold over 3.0 m and 13.13 gpt gold over 1.8 m and till samples containing up to 1,014 gold grains. Previous operators' drilling at the Bathurst Mine, Joe Vein, KT vein, Dunkin, and Vihonen prospects indicated high-grade gold intercepts that Prosper Gold has yet to follow up on.

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