Prosper's Property Portfolio Speaking of which...It’s noteworthy to point out the co.'s other top notch quality properties.
The Matachewan and Wydee properties are also prime real estate covering approximately 15 km of the historic, mine/deposit laden Cadillac-Larder Lake Break. Past exploration has primarily focused on narrow veins that exist with results up to 2 m grading 7.74 g/t gold. However, 2019 drilling on Middleton produced 30 m of 1.1 g/t gold and 0.23% copper as well as 44 m of 0.91 g/t gold and 0.15% copper. Also, Matach produced drill intercepts grading 24.6 g/t gold and 19.8 g/t gold, but no interval width was provided on the co.’s website.
Not only does the co. have exposure to copper and gold on these properties, but they hold 51% interest in the Star property in B.C which could really prove significant as copper demand/prices heat up. The Star property has produced quite significant past drill intercepts ranging 200 m – 300 m in thickness, grading up to 0.44% copper and 0.3 g/t gold. These past results are quite significant, and this property would be the flagship property of most other companies.
So again, PGX has a portfolio of highly prospective properties that would be the envy of most other explorecos. Given the current market cap (and market conditions), PGX is significantly undervalued at its current levels.