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    ZTEM Survey at Cyprus Project Identifies Highly Prospective Porphyry Targets

    VANCOUVER, British Columbia, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSXV:PGX) is pleased to announce that results have been received from a property-wide ZTEM (z-axis tipper electromagnetic) geophysical survey at the Company’s Cyprus Project in north-central British Columbia, Canada. The Cyprus Project is a district-scale porphyry copper-gold project with several historically defined prospects and significant drill results including 138.2 metres at 0.55% copper.

    “The results of the recent ZTEM survey completed at the Cyprus Project have outlined several large porphyry copper-gold targets under cover,” commented Peter Bernier, CEO. “We are particularly excited about Target A. It is a two by four-kilometre conductivity anomaly adjacent to a regional fault that coincides with a pronounced magnetic low, representing a very attractive porphyry target.”

    The heli-borne ZTEM survey comprised 3,760 line-kilometres covering 683 square kilometres (Figure 1). The survey collected magnetic and electromagnetic field data that have helped to define structural lineaments and conductive anomalies that may represent mineralization, alteration and widespread veining associated with porphyry copper-gold systems. The broad valley in the west-central portion of the Cyprus Project is a large northwest-trending fault zone with limited bedrock exposure given the presence of glaciofluvial cover. The characteristics of the ZTEM survey are ideally suited for exploration in covered terrains.

    Numerous multi-kilometre sized exploration targets have been outlined from the survey results, 6 of which are considered high-priority targets and will be followed up on with ground-based exploration activities immediately (Figures 2 – 4). Target selection was largely based on the coincidence of conductivity highs and magnetic lows, interpreted to be associated with high-level porphyry mineralization and alteration. The local geology, the size of individual anomalies and the proximity to regionally mapped faults are also important factors for identifying porphyry copper-gold targets.

    Completed ZTEM flight lines at Cyprus Project – Total Magnetic Intensity.

    Figure 1 – Completed ZTEM flight lines at Cyprus Project – Total Magnetic Intensity.

    High priority porphyry copper-gold targets outlined at Cyprus Project. Total Magnetic Intensity (top) and 30Hz in-phase Total Phase Rotated (bottom) showing relative conductivity at 400 - 500 metres depth.

    Figure 2 – High priority porphyry copper-gold targets outlined at Cyprus Project. Total Magnetic Intensity (top) and 30Hz in-phase Total Phase Rotated (bottom) showing relative conductivity at 400 - 500 metres depth.

    High priority geophysical targets outlined at Cyprus Project – A, B, C.

    Figure 3 – High priority geophysical targets outlined at Cyprus Project – A, B, C.

    High priority geophysical targets outlined at Cyprus Project – D, E, F.

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    ZTEM Survey at Cyprus Project Identifies Highly Prospective Porphyry Targets VANCOUVER, British Columbia, Sept. 10, 2024 (GLOBE NEWSWIRE) - Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSXV:PGX) is pleased to announce that results have been received from a property-wide ZTEM (z-axis tipper electromagnetic) …