Prosper Gold has completed 6,350m in 20 diamond drill holes to date at the company's Ashley Gold Project in northern Ontario.
"We have completed drilling at three targets and are currently drilling our 100% owned Galahad target" said Peter Bernier, President and CEO. "We are drilling deep beneath surface mineralization and historic drill holes where we have intersected a strong, wide and long strain zone with sections of green carbonate and disseminated pyrite. Although we are optimistic we caution that assays are pending."
Drilling is in progress with 1,239m drilled to date in 2 holes testing the known structure. Drill hole G048, the second hole at Galahad, was drilled at azimuth 210 and -50 degrees to intersect the Galer Fault beneath the Galahad showing. G048 cut strongly strained and altered strata between 42 and 238 metres and continues in moderately strained strata to 456 metres. Between 141 and 317 metres are sections of bright green fuchsite carbonate quartz alteration, termed "green carbonate" separated by bleached albitized, silicified and epidotized intervals in roughly equal proportions. Disseminated fine grained pyrite, black fine grained pyrite stringers and sections of massive pyrite occur widely over the interval.