Exploration Targets Introduced At The Mohave Gold Project

VANCOUVER - Prosper Gold Corp. introduces high priority exploration targets at the recently optioned Mohave Gold Project in Mohave County, northwestern Arizona. The large low-sulphidation epithermal gold system at Mohave is comprised of three main mineralized trends, only two of which have seen shallow historical drilling to date. Exploration Target Highlights: Dixie Trend – 1.8 km x 1 km area of epithermal alteration and gold mineralization with 26 historical small-scale mine workings. No historical drilling; Klondyke trend – 1 km x 1 km area host to several zones of epithermal gold mineralization, including past producing open-pit and underground Klondyke Mine; and Golden Door Trend – 1.5 x 1 km area host to several past-producing, high grade gold mine workings with only shallow drilling (average depth of 34 m).

“There are a number of highly prospective exploration targets on the project. The Dixie Trend with widespread high-grade gold at surface, anomalous gold-in-soil and 26 historical small-scale mine workings has not seen a single drill hole,” said Peter Bernier, CEO.

Exploration to date by historical operators has outlined several mineralized zones through relatively shallow drilling along with additional targets outlined through geochemical and geophysical surveys which have not been drill tested. Extensive alteration and widespread gold mineralization outlines three mineralized trends: the Golden Door, the Klondyke and the Dixie trends. The Dixie trend has seen no drilling to date, despite the presence of highly anomalous rock and soil geochemistry and the presence of numerous historical workings.

The Dixie Trend is characterized by moderately to steeply dipping quartz-calcite ± adularia-chalcedony veins flanked by quartz-sericite-pyrite alteration within a 1.8 km by 1 km area. Historical composite chip sampling results of up to 4.0 m grading 15.8 gpt gold show potential for high-grade gold at the Dixie Trend. Despite the presence of widespread high-grade gold at surface, anomalous gold-in-soil and 26 historical mine workings this area has never been drilled.

Historical mine workings in the area range from short adits to the relatively large Dixie Queen Mine. Higher gold grades are associated with quartz-calcite vein breccias, proximal to both NNW and NE trending structures. A significant amount of diking persists across the Dixie Trend, associated with a SW-NE trending, dilational structural corridor.

The Klondyke Trend, situated in the central portion of the Mohave Gold Project, is characterized by widespread sub-horizontal to locally steeply dipping quartz-calcite ± adularia-chalcedony veins within a 1 km by 1 km area. The Klondyke deposit has been interpreted as a low-sulphidation epithermal gold system that has been tilted almost 90 degrees with originally sub-vertical veins being rotated to sub-horizontal. This interpretation is supported by alteration mapping completed in 2020 which indicates higher-temperature hydrothermal alteration (quartz-sericite-pyrite) in the east and high-level lower temperature alteration to the west (clay-hematite). The presence of sporadic sub-vertical veining in this area is likely due to gold-hosting veins being emplaced relatively late in the period of extension and associated westward rotation.

A total of 373 historical drill holes with an average length of 43.4 meters completed by historical operators in the 1980’s and 1990’s primarily focused on defining shallow oxide gold mineralization in and around the area of the past-producing Klondyke Mine open pit. Historical drill results at the Klondyke Mine prospect include 6.57 gpt gold over 9.1 m in drill hole M80R-003 and 5.63 gpt gold over 10.7 m in drill hole M87A-117. The Klondyke deposit remains open to the northeast, to the west and to depth.

The Apex prospect, approximately 500 m north of the center of the Klondyke Mine deposit has seen limited drilling to date though intercepts up to 4.27 gpt gold over 4.6 m in drill hole 89A-244. Approximately 500 to the southeast of the center of the Klondyke Mine deposit historical chip sampling results include 8.56 gold over 2.0 m and 8.16 gpt gold over 2.0 m. Additional exploration targets at depth beneath strong quartz-sericite-pyrite alteration approximately 700 east of the Klondyke Mine deposit have been outlined by previous operators and have seen limiting exploration and no drilling.

The Golden Door Trend comprises a 1.5 km by 1 km area with 6 historical small-scale mine workings. Gold mineralization in this portion of the property consists primarily of sub-horizontal quartz-calcite ± chalcedony-adularia veins, vein breccias and mineralized tectonic breccias.

Of the six significant prospects five have seen shallow Reverse Circulation and Rotary Air Blast drilling. Historical drill results include 6.75 gpt gold over 7.6 m in drill hole M81R-035 at the Golden Ram prospect, 8.1 gpt gold over 4.6 m in drill hole M87A-083 at the Golden Door prospect and 1.39 gpt gold over 35.1 meters in drill hole M80R-149 at the Scout prospect.

The Red Gap prospect in the northwestern portion of the Golden Door Trend has seen no drilling to date. The prospect has locally high-grade gold mineralization coincident with highly anomalous gold-in-soil geochemistry over an area of 600 m by 250 m. The majority of historical workings within the Golden Door Trend underlie the Red Gap prospect where silicified rhyolites yielded 8.91 gpt gold over 1.6 m in 2020 chip sampling.