Prosper Gold Completes Till Survey, Acquires 4,576 Hectares of Additional Mineral Claims at Golden-Sidewalk, and Provides Corporate Update – Red Lake, Ontario

VANCOUVER, British Columbia, Sept. 08, 2020 (GLOBE NEWSWIRE) -- Prosper Gold Corp. (“Prosper Gold” or the “Company”) (TSXV: PGX)  is pleased to announce that it has acquired an additional 4,576 hectares of mineral claims, through staking and acquisitions from prospectors, adjacent to the Golden Sidewalk & Skinner projects (the “Project”) that the Company has optioned from Sabina Gold and Silver Corp. (“Sabina”) (see the Company’s August 10^th, 2020 news release). The Company is also pleased to announce details of Prosper Gold’s regional till sampling program on the Project.

“We were able to stake and acquire claims that more than double our land position at the Golden-Sidewalk,” said Peter Bernier, President & Chief Executive Officer. “The focus of the increased land package is to cover the southward extension of the regional unconformity between the Balmer and Narrow Lake Assemblages. In addition to sampling historic showings and trenches Prosper completed a till sampling program. We anticipate receiving the results of the sampling and till survey over the coming weeks and will use them to target high priority areas.”

Till Survey

The till survey expands southeastward from earlier till sampling by Teck and Fronteer. Teck’s survey identified many samples with pristine gold grains in a down-ice dispersal zone measuring 5 km wide by 3 km long which was concentrated along the regional unconformity.

Glacial dispersion gold targets are found near the regional unconformity between the Balmer Assemblage and the Narrow Lake Assemblage. Several northeast to north-northeast trending structures intersect this near the gold-in-till anomalies. The unconformity is thought to be important as a possible gold bearing hydrothermal fluid conduit similar to Balmer/Confederation assemblage boundary and the unconformity near the Red Lake gold deposits.

Dispersion gold anomalies extend along the unconformity to the east and south onto the newly acquired claims (See Figure 1). 112 samples were collected on a 250m x 1000m grid and were hand dug by Prosper Gold exploration personnel. Samples were put through a 4-mesh classifier into a 5-gallon pail and shipped to Overburden Drilling Management Limited ("ODM") for gold grain analysis and sieving. After the gold grain analysis, the fine fraction samples will be sent for multi-element analysis. ODM, based in Ottawa, are recognized specialists in sampling and analyzing glacial till material for gold. Prosper will provide results from the till survey after they are received and interpreted.