Prosper Gold Corp PGXFF

Disgruntled!!

[diabase1]

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.

[Goldcat007]

Thank you for a very informative post. What is PGX's gameplan?  Why not have done a large bulk sample of the pristine - till stuff? Now we will also be facing tax-loss selling pressure as well. A p**d-off and poorer shareholder

[Systemtogo]

I consider prosper to be very risky at this point but high risk and high reward. They do have to get quite lucky as they're running out of time and money. Its kind of a roulette table scenario at this point. I reduced my position quite a bit as I dont have the risk tolerance in case it goes to zero. Best of luck to all you guys.

[diabase1]

I agree with you Systemtogo. It seems to me that they don't have a clue what they are doing. They need different people involved, who have the experience with till and soil surveys. Those gold grains are pristine, but where did they come from? What direction? There were 3 directions, but PGX shows just one on their maps. Was this the right direction? Where did PGX get this direction? Anyway