Prodigy Gold Inc KXLAF

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Prodigy Gold drills 143 m of 1.54 g/t Au at Magino

2011-04-14 09:37 ET - News Release

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Mr. Brian Maher reports

PRODIGY DRILLS 143M GRADING 1.54 GPT GOLD AT MAGINO

Prodigy Gold Inc. is providing additional results from its infill and resource expansion drilling program at its 100-per-cent-owned Magino mine gold project in Ontario. Highlights include drill MA11-006 which intercepted 143 metres grading 1.54 gpt gold including 67 metres grading 2.12 gpt gold. Higher grades were intercepted in drill hole MA11-005: 38 metres grading 2.11 gpt gold including 25 metres grading 3.13 gpt gold. The grades and widths seen in these two drill holes are consistent with earlier announced in-fill drill holes and continue to expand the known zone of gold mineralization within the proposed open pit modeled in the recently announced Preliminary Economic Assessment (PEA) (April 4, 2011).

Prodigy Gold sampling protocol mandates a metallic screen assay for any sample that produces a fire assay greater than 3 gpt gold. Revision to the sampling protocol now requires that any sample with visible gold is also subjected to a metallic screen assay. As a result, Prodigy has received new metallic screen assays for previously reported drill hole MA11-004 that have resulted in a recalculation and increase in the composite grade to 261 metres grading 1.32 gpt gold (previously reported as 261 metres grading 1.13 gpt gold, March 16, 2011). A table with all assay results including the restated data for hole MA11-004 is below.

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