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Prosper Gold Corp PGXFF


Primary Symbol: V.PGX

Prosper Gold Corp. is a Canada-based exploration and development company. The principal business activity of the Company is the acquisition, exploration and development of mineral properties in Canada. Its projects include Golden Sidewalk and Star. The Golden Sidewalk is a district-scale gold exploration project covering over 160 square kilometers (km2) of contiguous mineral claims and mining leases in the western Birch-Uchi Greenstone Belt, approximately 60 kilometers (kms) east of Red Lake, Ontario. The Project is situated on the western side of the Birch-Uchi greenstone belt along with the Red Lake Greenstone Belt to the west, forms part of the Uchi Subprovince of the Superior Structural Province. The Star project is a copper-gold discovery located northwest of Telegraph Creek, British Columbia, in the Stikine Arch area of northwestern British Columbia. The property has over 19 mining claims covering across 6,829 hectares (ha) approximately 100 kms southwest of Dease Lake.


TSXV:PGX - Post by User

Post by diabase1on Oct 20, 2021 2:44pm
457 Views
Post# 34028307

Disgruntled!!

Disgruntled!!These are below average assays at best. However, they don't come close to explaining the high number of pristine gold grains that were found along the Golden Sidewalk Corridor. OK, so we have these pristine grains, so the source must be somewhere close by. It still remains to be found.
I've read one article that says this region of Uchi has had 4 different ice directions. The one on PGX's maps indicates only one direction, probably the last one to occur. So these pristine gold grains have probably been transported in 4 different directions. To find the source in this environment would be very difficult. There is a type of soil survey that detects the upward or vertical movement of ions of any particular metal. It's called MMI (Mobile Metal Ion). So regardless of the number of ice directions, the ascension of gold ions will be transported to surface, up through 4 ice directions, from the source.
I am quite baffled with their drilling pattern. In their news release, they indicated that they "intersected highly strained ultramafic peridotitic komatiites" that "dips 60 to 65 degrees to the north". On their map, on the right half of the map, it shows numerous drill holes drilled to the north!!! This would imply then that the drill holes are being drilled almost down dip. If the bedrock is dipping north, shouldn't the drill holes be drilled in a southerly direction?? Am I missing something here. If a lake was the problem for setting up a drill pads, then wait for winter and ice to drill. The left half of the map seems to be ok with direction.
The drill holes seem to be drilling into the magnetic high trend along the northern edge of the Golden Sidewalk  Corridor. The magnetic high would be, I assume, the peridotite. Peridotite is very magnetic.
If there is pyrite involved with these veins, in a magnetic low, then a chargeability trend, correlating with a magnetic low, should be the target.
A poor report. It seems like they wanted to get something written fast and out the door as fast as possible. No drill sections!!! Most drill holes have not been numbered on the map either, which would have made for easy cross interpretations by shareholders.

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