Highlights
- Skinner Target Area is 2 x 3 km prospective area with limited outcropping bedrock
- Exposed a 6 to 12 metre wide shear zone for over 40 meters, open to east and west
- Channel sampling results include 9.69 gpt Au over 3 metres and 13.13 gpt Au over 1.8 metres
- Additional exploration targets identified for immediate follow-up
“These channel samples are the highest-grade rock samples found to date by our team at the
Figure 1. Skinner North location map with 2021 till sampling results.
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Exploration at the Skinner North target area
Beginning in
The results from till sampling completed in late 2021 outlined a 3-kilometre gold grain-in-till train with individual samples containing up to 1,014 gold grains. The presence of glacially deposited sand covering much of the area in this part of the Project posed a challenge to the collection of representative till samples, with field crews collecting basal till samples where possible.
Stripping and Channel Sampling at the Skinner North Prospect
Stripping, washing and sampling of an area roughly 25 x 50 metres has identified a strongly iron-carbonate ± silica ± biotite altered shear zone with multiple mineralized quartz-carbonate vein sets, with veins measuring up to 1 m in width (Figures 2 & 3). Sulphide mineralization is predominantly pyrite with lesser chalcopyrite, within quartz-carbonate veins and silicified wallrock. Shear-hosted veins trend between 270° and 300° and dip at -80° to -65° to the north.
Figure 2. Plan view photograph of trench at Skinner North showing gold-bearing shear zone with channel sampled gold assay results.
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Figure 3. Photograph showing channel sampling results from larger quartz-carbonate-pyrite vein in strongly sheared mafic volcanics.
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Channel sampling was completed after excavated stripping and high pressure washing of bedrock. The presence of thickening sand overburden to the west and of a water-laden swamp to the east-southeast prevented crews from further exposing the gold-bearing shear zone.
Figure 4. Plan map showing 2022 ground magnetic survey results with structural interpretation and outlining of exploration targets at Skinner.
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Additional Exploration Targets Outlined at Skinner Target Area
A high-resolution ground magnetic survey covering approximately 860 hectares was completed by field crews in July and August of 2022. The objective of the geophysical survey was to identify fault structures that may have played a role in localizing hydrothermal fluid flow which locally may be associated with gold mineralization. The survey was completed at 50-metre line spacings to maximize resolution and definition. Bedrock in this area of the
Given the association with the “D2” regional deformation event and gold mineralization in the
Table 1. Significant assays from 2022 channel sampling:
Channel ID | From (m) | To (m) | Interval (m) | Gold (gpt) | |||||
TR22SK001-01 | 0 | 2.5 | 2.5 | 5.9 | |||||
TR22SK001-02 | 2 | 4 | 2 | 2.16 | |||||
TR22SK001-03 | 0.7 | 3.6 | 2.9 | 2.2 | |||||
TR22SK001-04 | 0 | 2 | 2 | 1.15 | |||||
TR22SK001-05 | 2 | 5.5 | 3.5 | 2.94 | |||||
TR22SK001-06 | 0 | 3.2 | 3.2 | 2.13 | |||||
TR22SK001-07 | 3 | 4.9 | 1.9 | 1.82 | |||||
TR22SK001-09 | 0 | 3.3 | 3.3 | 3.92 | |||||
TR22SK001-10 | 0 | 2 | 2 | 2.25 | |||||
TR22SK001-11 | 0 | 2.5 | 2.5 | 4.64 | |||||
TR22SK001-12 | 0 | 2.6 | 2.6 | 1.34 | |||||
TR22SK001-13 | 0.5 | 2 | 1.5 | 2.4 | |||||
TR22SK001-14 | 0 | 3 | 3 | 9.69 | |||||
incl. | 0.5 | 2 | 1.5 | 15.5 | |||||
TR22SK001-16 | 0 | 1.8 | 1.8 | 13.13 | |||||
incl. | 0 | 0.7 | 0.7 | 25.9 | |||||
TR22SK001-19 | 3 | 4.3 | 1.3 | 2.42 |
** true widths are unknown
Table 2. Collar details of specified channel cuts (coordinates provided in UTM NAD83, zone 15).
Channel ID | Easting (m) | Northing (m) | Azi (°) | Length (m) | |||||
TR22SK001-01 | 506206.3 | 5676571.0 | 166 | 2.5 | |||||
TR22SK001-02 | 506210.3 | 5676576.4 | 180 | 4 | |||||
TR22SK001-03 | 506212.0 | 5676575.5 | 186 | 3.6 | |||||
TR22SK001-04 | 506213.7 | 5676575.6 | 186 | 3.5 | |||||
TR22SK001-05 | 506215.4 | 5676576.5 | 180 | 5.5 | |||||
TR22SK001-06 | 506218.5 | 5676575.3 | 168 | 3.2 | |||||
TR22SK001-07 | 506218.9 | 5676577.0 | 169 | 4.9 | |||||
TR22SK001-09 | 506223.0 | 5676568.0 | 168.5 | 3.3 | |||||
TR22SK001-10 | 506221.4 | 5676570.8 | 164.5 | 2 | |||||
TR22SK001-11 | 506221.3 | 5676567.7 | 181 | 2.5 | |||||
TR22SK001-12 | 506218.7 | 5676566.0 | 180 | 2.6 | |||||
TR22SK001-13 | 506218.0 | 5676566.3 | 183 | 2 | |||||
TR22SK001-14 | 506225.0 | 5676568.3 | 183 | 4 | |||||
TR22SK001-16 | 506227.7 | 5676566.7 | 173.5 | 1.8 | |||||
TR22SK001-19 | 506240.3 | 5676565.6 | 177 | 5.1 |
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
QA/QC Procedures
The location of channel samples was designed by the on-site geologist and were cut in cleaned bedrock with gas powered rock-saws by field personnel. Channel samples were cut to medial depths of 2.5 to 3” and medial widths of 2”. Sample interval lengths were between 0.5 and 1.5 metres. Quality assurance and quality control measures implemented by the Company include the insertion of certified reference materials in the sample sequence at a rate of 1 in 20 for both blank material and certified reference standards. Analytical results for reference standard and blank samples are scrutinized internally to ensure adequate analytical precision and accuracy in both sample preparation and instrumental procedures. A chain of custody is strictly monitored to ensure sample and analytical integrity and reliability. Channel samples are sent to
Qualified Person
The scientific and technical information in this news release has been reviewed by
For a detailed overview of
ON BEHALF OF THE BOARD OF DIRECTORS
Per: “
President & CEO
For further information, please contact:
President & CEO
Cell: (250) 316-6644
Email: Pete@ProsperGoldCorp.com
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation, statements about the planned exploration of the Golden Sidewalk project, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the
Neither the
Figure 1
Skinner North location map with 2021 till sampling results.
Figure 2
Plan view photograph of trench at Skinner North showing gold-bearing shear zone with channel sampled gold assay results.
Figure 3
Photograph showing channel sampling results from larger quartz-carbonate-pyrite vein in strongly sheared mafic volcanics.
Figure 4
Plan map showing 2022 ground magnetic survey results with structural interpretation and outlining of exploration targets at Skinner.
2022 GlobeNewswire, Inc., source