Prosper Gold completes airborne survey at Sheslay 2013-09-18 13:53 ET - News Release Mr. Peter Bernier reports PROSPER GOLD CORP.: SHESLAY COPPER GOLD PORPHYRY PROJECT DRILLING UPDATE AIRBORNE SURVEY COMPLETE - NORTHWESTERN BRITISH COLUMBIA Prosper Gold Corp. has provided an update on the drilling completed to date, and the airborne magnetic and radiometric survey at its Sheslay copper-gold porphyry project located in northwestern British Columbia. Diamond drilling During late August and September, Prosper Gold has been drilling the Star target on its Sheslay copper-gold porphyry project and is currently on its sixth hole. The deepest hole to date is 598 metres; the shallowest is 270 metres. All drill holes intersected copper-gold mineralization from surface to the bottom of the holes. The Star is one of five known porphyry targets on the property. The focus of the first exploration phase is to test continuity of mineralization to depth. DDH-S027 intersected copper mineralization from surface to 598 metres, the deepest mineralized intercept to date. Historic drill holes are shown in the attached table. Hole No. From (collar) To (EOH) Interval Cu Au (m) (m) (m) (%) (g/t) CC2004-01 3.00 239.90 236.90 0.32 0.18 CC2004-02 0.00 173.10 173.10 0.41 0.17 CC2004-03 0.00 240.80 240.80 0.23 0.06 CC2004-04 0.00 108.50 108.50 0.19 0.06 CC2004-05 0.00 242.30 242.30 0.44 0.32 CC2004-06 0.00 190.20 190.20 0.41 0.22 CC2004-07 1.00 330.40 329.40 0.32 0.11 CC2005-08 3.80 145.10 141.30 0.36 0.27 CC2005-09 3.00 145.08 142.08 0.44 0.25 CC2005-10 3.65 124.05 120.40 0.28 0.11 CC2005-11 1.50 118.87 117.36 0.34 0.14 CC2005-12 1.58 122.53 120.95 0.33 0.22 CC2005-13 1.50 118.87 117.37 0.21 0.09 CC2005-14 0.91 120.40 119.49 0.06 0.06 CC2005-15 1.52 158.50 156.98 0.29 0.22 CC2005-16 3.66 134.72 131.06 0.26 0.15 CC2005-17 2.20 106.05 103.85 0.36 0.21 CC2005-18 0.00 106.68 106.68 0.32 0.28 CC2005-19 6.10 102.11 96.01 0.26 0.09 CC2007-01(1) 2.74 337.41 334.67 0.35 0.17 CC2007-02(1) 2.74 223.10 220.36 0.42 0.21 CC2007-03 0.00 128.66 128.66 0.37 0.13 CC2007-04(1) 3.04 293.21 290.17 0.41 0.19 (1) This includes hole extensions; note that overlapping footages has occurred in some cases, due to re-entering holes in badly fractured ground. Assay results from this drill exploration phase will be released when received. A sample of drill core photos can be viewed at the Prosper Gold website. Geological summary All holes intersected highly altered, strongly veined and pervasively mineralized (pyrite, chalcopyrite and magnetite) medium-grained hornblende monzonite and andesite. The intrusive rock is considered to be Late Triassic in age (218 million years) based on a single hornblende potassium-argon age date; the volcanic rocks are correlated with the Late Triassic Stuhini group. These are the same host rocks seen at Red Chris, Galore Creek and Schaft Creek, three large copper-gold porphyry deposits in the Stikine arch. The rocks are intensely, irregularly and intricately fractured and broken on centimetre to millimetre scales. Alteration and mineralization are facilitated and in part localized by the fractures. A range of alteration types and vein styles is seen. Alteration includes silicification, potassic k-spar and biotite, magnetite, sericite, epidote and chloritization. Veins include B-type quartz veins and D-type pyrite veins. Alteration and veining are pervasive and intensity ranges from mild to strong; fresh rocks are rare. Chalcopyrite is the primary mineral of interest; its distribution is about equally divided between disseminated and fracture controlled. Disseminations occur in both the intrusive and volcanic rocks as does vein-controlled mineralization. Disseminated chalcopyrite forms intergranular grains about one millimetre across in the host rocks. Blebs or clots of chalcopyrite several centimetres across are seen locally. Chalcocite was noted occasionally on fractured surfaces. Common secondary copper minerals, malachite and azurite, are seen on fractures at surface and to depths of about 50 metres. Airborne survey Prosper Gold completed a 133-square-kilometre detailed helicopter-borne magnetic and radiometric survey in September. Its aims are to expand understanding of the property geology, to refine drill targeting on the five known copper-gold porphyry targets and to identify possible new targets. The survey covers the entire 6,829-hectare claim area and adjacent ground. Qualified person The technical information in this news release has been reviewed by Dirk Tempelman-Kluit, PhD, PGeo, a qualified person under National Instrument 43-101. "Only the Star target has been drilled to date. All five of the copper-gold porphyry targets will be drilled in 2014," said president and chief executive officer Peter Bernier. We seek Safe Harbor. © 2013 Canjex Publishing Ltd. All rights reserved. Mobile | Old Site | Home | Daily | Products | Help | Contact Us | Your Account | System Status © 2013 Canjex Publishing Ltd. All rights reserved. "Stockwatch" is a registered trademark of Canjex Publishing Ltd. Terms of Use, Privacy Policy