Prosperity Goldfields has reported the preliminary results from the summer exploration campaign recently completed at the Kiyuk Lake located in Nunavut.
Gridded percentile image of gold values from property wide till sampling.
It has obtained all the assay results from the property wide till sampling campaign, and is processing other sampling campaign results.
The company identified five fresh gold anomaly regions, whose value range from 26 to 54 ppb gold. Majority of these anomalies were discovered as areas of interest from preliminary field-portable XRF results, together with prospecting and mapping traverses performed during the summer campaign.
The regional till sampling campaign included collection of sample material between 1 and 2 kg on an offset grid, which was vertically oriented towards the average ice flow direction, together with sample locations spaced roughly 1 km apart across the entire property. The company compiled 586 regional samples from C-horizon till. Sample sites were amended to eliminate low-lying regions, where it was very difficult to obtain C-horizon.
Samples gathered adjacent to the prominent bedrock mineralization areas yielded anomalous values of gold in till that ranges from 28.8 to 271 ppb gold. This mineralized trend confirms the sample spacing employed in the regional till survey and outlines a popular regional till gold anomaly. Pathfinder elements related to gold anomaly contain antimony, arsenic and tungsten. They support certain regional gold anomalies and also further regions for follow-up exploration.
The company’s property-wide geochemical survey has enhanced the understanding of the prominent mineralized zones and offered a basis to evaluate fresh anomalous regions. Assay results for the rock samples and the comprehensive grid till samples are pending. The rock mapping and sampling, and the grid and regional till sampling carried out in the summer field season will aid in prioritizing target areas and drill program in 2013.