Prosper Gold Receives Permits for 10,000 Metres of Drilling at Golden Sidewalk Project – Red Lake, ON
VANCOUVER, British Columbia, April 13, 2021 (GLOBE NEWSWIRE) -- 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.