- Prosper Gold (PGX) has started a 10,000-metre diamond drill program at its Golden Sidewalk Project
- The project is located in Red Lake, Ontario
- Drilling will focus on the newly-identified Golden Corridor target area
- Ten drill hole locations are in place with subsequent drilling to be based on initial drilling results
- Prosper Gold is up 5.00 per cent, trading at C$1.68 at 3:20 pm ET
Prosper Gold (PGX) has started a 10,000-metre diamond drill program at its Golden Sidewalk Project.
The project is located in Red Lake, Ontario.
Drilling will focus on the newly-identified Golden Corridor target area.
“Drills are turning for the first ever drill program at the Golden Corridor. We are well financed for Phase 1 with $7 million in cash reserves and a planned $2.2 million budget. Our crews have worked hard to get to this point only 9.5 months after acquiring the Project,” said Prosper Gold CEO Peter Bernier.
Ten drill hole locations are in place with subsequent drilling to be based on initial drilling results.
The results from the initial drilling of the Golden Corridor will aid in planning of the remaining drill holes comprising the Phase 1, 10,000 metre program.
Details will follow as the exploration season progresses.
The Golden Sidewalk is a district-scale gold exploration project covering over 160 square kilometres of contiguous mineral claims and mining leases in the western Birch-Uchi Greenstone Belt, approximately 60 kilometres east of Red Lake, Ontario.
Prosper Gold is up 5.00 per cent, trading at C$1.68 at 3:20 pm ET.
