Drill Results And Additional Targets At Golden Sidewalk Project

VANCOUVER - Prosper Gold Corp. reported on the remaining results from its inaugural drilling program and the outlining of an additional high-priority, kilometer-scale target at the Golden Sidewalk Project Red Lake, Ontario.

Over the course of its 2022 winter drilling program, the Company has completed 6,741 meters in 21 drill holes over 2.8 kilometers of the Golden Corridor trend. Drilling continues to outline a large hydrothermal system with associated ankerite ± biotite alteration and gold mineralization over a 2.8 kilometers long trend and to depths of over 500 m.

Mineralization encountered in drilling at the Golden Corridor to date occurs in three dominant styles: 1) Arsenopyrite-pyrite-pyrrhotite ± gold in quartz-carbonate veins. 2) Pyrite ± gold in quartz-ankerite veins within mafic interbeds internal to sheared ultramafic unit. 3) Arsenopyrite-pyrite-pyrrhotite replacing sulphide and oxide facies Banded Iron Formation and associated with silicification ± quartz veining.

“The Company has been aggressively drilling the Golden Corridor for the past eleven months, as well as developing additional target areas on our large land position,” commented Peter Bernier, CEO. “Moving forward, we look to advance and drill test the most compelling targets outlined in 2021 which will include targeting higher grade domains at the Golden Corridor.”